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Treasury Consultant – Market Risk Forecasting and Modelling

  • Contract: Permanent
  • Reference: R00AOR04093
  • Closing Date: 15 July 2024
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This is a fantastic chance to join Nationwide’s Market Risk team, at a time when the team is expanding its remit.

The team is responsible for ensuring that Nationwide’s market risk is effectively monitored and reported and ensuring that Treasury and Nationwide valuations are accurately calculated and forecasted.

The keys to success in this role are:

  • Experience of working in a market risk or modelling team;
  • An ability to thrive under evolving requirements;
  • A high level of self-motivation and drive; and
  • A proven track record producing forecasts or maintaining models.

The Market Risk team forms part of the wider Reporting and Forecasting team within the Treasury function at Nationwide.

At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.

For this job you'll spend at least two days per week, or if part time you'll spend 40% of your working time, at one of our offices, with regular travel to Swindon and London.

If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here.

If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.

What you’ll be doing

This role will be part of the market risk team and will report to a Senior Consultant in that sub-team.

You will play a key role in Financial Planning and Stress Testing activities within Treasury, including maintaining and running the underlying models. Our forecasts project the vast majority of Treasury exposures and underpin projections produced by other areas. This means you’ll need to engage with multiple stakeholders across the business to ensure the production of accurate and timely deliverables.

You will be involved in running and maintaining the models that underpin market risk reporting and Treasury valuations, having a key role in successful completion of internal governance, as well as enhancing the controls framework around our business processes and supporting wider team deliverables.

You will also have the opportunity to work on change programmes, helping to deliver important changes to our forecasting and modelling capabilities.

You’ll be working in a fast-paced reporting team with a high volume of output that will mean you’ll have to think on your feet and problem solve while ensuring all deliverables are met. As we are at the heart of the business, you’ll have exposure to senior management, the ability to shape and influence the team and wider agenda.

About you

As a minimum requirement you’ll need to have:

  • Experience working in a market risk or modelling team.
  • A good understanding of how Treasury products such as interest rate derivatives work.
  • Strong analytical skills with an ability to produce and review highly technical reporting to identify anomalies.
  • A proven track record producing forecasts or maintaining models – running and building a spreadsheet.
  • A proven track record maintaining robust control and governance processes.
  • Excellent stakeholder management skills used to work with internal teams
  • Excellent Excel and VBA skills.

Our Customer First behaviours are all about putting customers and members at the heart of how we work together. You can strengthen your application by showing the behaviours that resonate with you, and how you might have already demonstrated these.

  • Say it straight - This is about being honest and direct with good intent and saying what needs to be said in the room. It’s also about being clear, precise, and using language that we and, importantly, our customers and members can understand.
  • Push for better - This is about aiming high and constantly looking for better in how we work together and serve our customers and members.
  • Get it done - This is about prioritising what will have the greatest impact, being decisive and taking accountability for delivering on the end-to-end outcome.

We know applying for jobs can sometimes feel like you’re sending an application into a black hole. We review each application individually. So, it’s a good idea to call out your most relevant experience on your application to give yourself the best chance.

The extras you’ll get

There are all sorts of employee benefits available at Nationwide, including:

  • A personal pension – if you put in 7% of your salary, we’ll top up by a further 16%
  • Up to 2 days of paid volunteering a year
  • Life assurance worth 8x your salary
  • A great selection of additional benefits through our salary sacrifice scheme
  • Wellhub – Access to a range of free and paid options for health and wellness.
  • Access to an annual performance related bonus
  • Access to training to help you develop and progress your career
  • 25 days holiday, pro rata

What makes us different

Nationwide is the world’s largest building society. With over 15 million customers, we have a relationship with almost a quarter of the UK’s population. We’ve got the scale to compete with the big banks, but we’re not a bank.

As a building society, we’re owned by our members – that’s our customers who have their current account, mortgage or savings with us. It means we can do things differently to deliver our Purpose – Banking – but fairer, more rewarding, and for the good of society.

When you work at Nationwide, you can experience that difference for yourself. You’ll be part of a high-performing, purpose-driven organisation that offers rewarding career experiences and a highly competitive range of benefits to match. You’ll also be joining us at an important time as we seek to reach more and more people in the UK. We want everyone in the UK to know that they don’t have to bank with a bank. They can choose a modern mutual instead.

What to do next

If this role is for you, please click the ‘Apply Now’ button. You’ll need to attach your up-to-date CV and answer a few quick questions for us.

We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.


Treasury Consultant – Market Risk Forecasting and Modelling

Apply Now

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