Based in our Swindon Headquarters, Risk analysis & Capital Planning is the custodian of Nationwide’s risk appetite and risk framework, and also controls Nationwide’s capital management activities, ensuring compliance with prudential rules, calculating and reporting capital resources and regulatory requirements, modelling business risks and providing an excellent analytical service to senior management.

Located in the Northampton Head Office, Commercial & Treasury Credit Risk support increased profit contribution via our (Non-Member) Commercial Lending & Treasury Investment business, through robust credit risk underwriting, modelling and policies & procedures to minimise loss and protect member value. Also provide senior management with the stress testing tools and detailed information required to manage portfolio level risks

Based mainly in our Swindon Headquarters, Retail Credit Risk supports the business to maximise consumer lending within agreed levels of risk and reward. Activities include analytics, modelling, data management and systems development/maintenance. Risk analysis and reporting requires monitoring of trends in applicant profiles and subsequent portfolio performance. Risk modelling involves developing models in support of risk assessment, account management and loss / capital forecasting.

Balance sheet management consists of three teams, Asset & Liability Management (ALM), Risk Policy & Reporting, and Modelling: all of which are based in the Northampton Head Office.

ALM provides reporting and advice to senior committees and executive directors on structural risks within the balance sheet.  It does this principally through the QRM system which allows scenarios and stress testing to be performed on the entire balance sheet. The team also has specific responsibility for recommending how the Society invests its £6.5bn of reserves.

Risk Policy & Reporting deals with the technical aspects of Market Risk, Liquidity and Funding Risks. Custodians of policy and contingent funding plans, it provides regular reporting to senior risk committees.

Modelling acts as an in-house model consultancy, creating models and providing validation of internal models.  The team is currently developing enhanced ILAA liquidity risk models.

Business Risk covers Operational Risk, Business Continuity and Insurance Risk, with teams in Swindon and Northampton.

Operational Risk provides a framework for the Group to manage its operational risk exposure consistently and effectively. It is an integral part of the Group’s governance structure providing assurance to senior management that those risks which can disrupt normal everyday activities are known, assessed and managed effectively.

Insurance Risk Management identifies risks which may threaten the assets, earning capacity and personnel of Nationwide. It provides a professional insurance service to client divisions and subsidiaries and acts as the interface between the Group and its Insurers.

Business Continuity provides expertise and support to enable Nationwide to achieve its key strategic aims whilst protecting the business and it’s customers with expected levels of service during any interruptions to business as usual.

Which ever area you choose we’ll encourage and support your development through our own accredited development programme, external courses and promotional prospects.

You’ll need to couple confidence, excellent communication skills and a positive outlook with –

Risk Analysis and Capital planning

Highly numerate with an economics or business related degree and background in economics, investment banking or finance. Possible experience of delivering complex market and business analysis, including investigating and monitoring the various strategies of competitors.

Retail Credit Risk

Advanced analytical and problem-solving skills, probably educated to degree level in a numerate subject, you’ll also be highly PC literate and familiar with SAS.

Balance Sheet Management

Working closely with Treasury, Finance and the top executives, you’ll need a proven background in a quantitative discipline; Knowledge of Treasury instruments and methodologies particularly welcome.  Key to making a successful career in BSM is the ability to clearly articulate your ideas, and capture them in well thought through and focused papers.

Commercial & Treasury Credit Risk

You will likely be an experienced Credit Underwriter, with a strong understanding of the dynamics of the UK property market and its sub-sectors, property valuation principles and an understanding of Project Finance, Private Partnerships and Special Purchase Vehicles (SPVs). For the Treasury teams you will have a good understanding of the capital markets and excellent credit analysis skills in the Corporate/structured Finance or Financial Institution areas. Ideally you will be a graduate with knowledge of funding, liquidity or derivatives or strong transferable skills such as statistical, quantitative or analytical skills.

Business Risk

You’ll have good knowledge of the Financial Services sector, awareness of the current regulatory regime and a sound understanding of the governance process. Your excellent facilitation, communication and influencing skills mean you can promote an effective risk and control environment