Prudential Risk Specialist (Hybrid Role)

We are seeking to appoint an experienced individual, who will work closely with the Chief Risk Officer to establish and then manage an ongoing second line oversight for the Society's enterprise and prudential risks including capital, credit, liquidity, operational and interest rate risk. This role will be based in Head Office and will be a blend of office and home working., Partner with the business areas to ensure that the first line of defence appropriately manage prudential risks including the identification, assessment, measurement, review, monitoring and reporting of risks and issues Managing the end-to-end regulatory documents process (author and review) - covering ICAAP, ILAAP, Recovery Plan, Pillar 3, etc. This involves liaison and co-operation with other departments of the Society. Review and development of the Society's Risk policies such as Credit Risk, Market Risk, Liquidity Risk, Operational Risk policies, Risk Appetite Statement, and others. Ensure they are available to be presented to the Board for approval in a timely manner and in line with the policy review cycle. Day-to-day responsibilities including, but not limited to, monitoring liquidity risk metrics (such as LCR, and stress testing metrics), limits and indicators, investigating exceptions/concerns and making recommendations to the CRO, ALCO and Society's Risk Committees. Monitoring of limits against Risk appetite and escalation of emerging issues. Reviewing and where required making appropriate contribution to the monthly ALCO pack and to the ALCO committee and Society's Risk Committees. This includes discussing key findings, making recommendations, and suggesting actions to address identified issues. Review of the required liquidity and capital Stress Testing Scenarios for the purposes of the regulatory documents. This involves development and maintenance of stress testing models, review of appropriateness of the assumptions used, as well as initiation of necessary updates to methodology and procedures for stress-testing ensuring the requirements of the regulatory authorities are incorporated as appropriate. Overseeing the identification, assessment, and mitigation of operational risks within the Market and Liquidity risk unit. This includes developing and maintaining operational risk policies, conducting regular risk assessments, and ensuring robust controls and processes are in place to manage and mitigate operational risks effectively. Playing a pivotal role in leading the Basel 3.1 implementation efforts. This includes a thorough understanding of Basel 3.1 regulatory requirements. Responsible for ensuring compliance with capital adequacy, risk management and regulatory reporting standards. Work closely with cross-functional teams to develop and implement strategies that align with both current and future regulatory frameworks. Working with the Finance Department and contribute to regulatory returns as required. Leading system and Management information automation projects to support the Society's risks management framework which include a thorough understanding of both enterprise, capital and liquidity risk dashboard reports. This involves testing, training other staff and end users, drafting user manuals, liaising with IT and vendors for any technical issues and providing project updates to the Senior Management and Chief Risk Officer. Work on projects involving different types of risks such as credit (including climate related financial risks), market, operational and liquidity risks and associated risk frameworks, governance and controls. Keep the Department and the Society up to date with respect of regulatory developments and associated best practices covering both regulatory documents and risk policies. Actively participate, with the Chief Risk Officer, Senior Risk and Compliance Manager and other members of the Risk team, in the development, implementation and reviewing of the risk management framework. Lead and/or participate in other risks related tasks and projects as required within the Society's wider Risk and Compliance team annual deliverables.

Risk Management experience, ideally within the Financial Services sector such as Banking, Building Society or credit Unions and/or other regulatory environments, particularly experience in prudential risk is essential. Degree level qualification in any discipline, at least 2:1 is required. Desirable FRM, IRM, CFA or CISI Certification or other professional qualification is advantageous.,

• Risk Management experience, ideally within the Financial Services sector such as Banking, Building Society or credit Unions and/or other regulatory environments, particularly experience in prudential risk is essential.
• Degree level qualification in any discipline, at least 2:1 is required.
Desired Criteria
• FRM, IRM, CFA or CISI Certification or other professional qualification is advantageous.
Skills you'll need
• Managing Financial Risk
• Problem Solving
• Regulatory Compliance
• Regulatory Reporting
• Risk Management
• Communication
• Teamworking
  
  Progressive Building Society is a leading local financial institution with a proud reputation for customer service excellence. Our purpose is to encourage local people to save and become homeowners, through our personal, caring & common-sense approach, essentially nurturing financial wellbeing for current and future generations. With a strong high street presence, our vision is to be the savings and mortgage provider of choice in Northern Ireland., First and foremost, Progressive is a local organisation for local people. Founded in 1914, we put you at the heart of everything we do. We're a building society rather than a bank, so you can count on us to always put our customers' needs first.
  
  Attractive Salary and benefits
Discretionary Company KPI Bonus Scheme Annual leave starting at 37 days per annum inclusive of bank holidays Day off for birthday Contributory Pension Scheme (up to 20% employer contribution) Life Assurance Scheme and Group Income Protection Health Cashback plan Employee Assistant Programme Wellbeing promotion and health initiatives Volunteering opportunities Excellent culture and investment in personal development Full details of the benefits on offer will be discussed during the interview process