Risk Management

Risk improves the way we manage risk within the business in a host of different ways. These include:

• developing the framework that enables us to manage our exposure to risk and integrating it into our governance structure
• providing a first-rate analytical service to senior management
• helping to maximise consumer lending within agreed levels of risk and reward
• assessing our asset and liability profile against the Board’s stated risk appetite
• making sure that interest rate risks, liquidity, funding and other financial risks are properly managed.
• developing and implementing robust credit risk models, policies and procedures
• promoting risk awareness throughout the Group and identifying and measuring those risks which threaten our assets, earning capacity and people
• providing an efficient, professional insurance service to client divisions and subsidiaries
• minimising losses from unexpected events and protecting Nationwide’s reputation
• carrying out contingency planning across the business through our Business Continuity team.

There are eight different business areas:

• Operational Risk
• Risk Analytics & Capital Planning
• Retail Credit Risk
• Group Asset & Liability Management
• Market Risk
• Commercial and Treasury Credit Risk
• Insurance Risk Management
• Business Continuity

In the main we recruit into Retail Credit Risk and Business Continuity.

In Retail Credit Risk we look for people with and without risk experience. The work is lively and varied and includes:

• risk analysis and reporting – monitoring trends in applicant profiles and subsequent portfolio performance
• risk modelling – developing models to support risk assessment, account management and loss/capital forecasting
• data – maintaining and developing internal data structures
• systems – designing, specifying and implementing risk systems and processes

In Business Continuity we typically recruit Managing Consultants. In this increasingly high-profile function, you'll improve existing strategies and develop innovative new solutions. If you already have BC expertise we will give you:

• your own area of functional responsibility plus specific, technical BC duties
• autonomy and the chance to personally deliver solutions that radically impact our ability to function
• the support of an experienced and highly professional team
• exposure to all aspects of the business.

To join Retail Credit Risk you’ll need to be positive, flexible and team-oriented, with a strong mix of business and technical skills. In particular we’ll look for:

• advanced analytical and problem-solving skills
• self-motivation and plenty of initiative
• strong communication and interpersonal skills
• a logical approach and a flair for detail
• the ability to prioritise conflicting demands

Probably educated to degree level in a numerate subject, you’ll also be highly PC literate and familiar with SAS.

To join Business Continuity you'll need a proactive, can-do attitude on top of your BC experience. We'll also look for:

• the confidence to challenge established thinking, influence the direction of the business and interact with people at all levels, including senior management
• the determination to make a real difference
• excellent verbal and written communication skills

To join Group Asset & Liability Management you’ll need:

• some knowledge of balance sheet management
• modelling experience (ideally with QRM or an A&L system)
• good analytical and numerical skills
• good communication skills
• the desire to learn more

You’d be based in either our Swindon or Northampton Head Offices.