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Senior Consultant, Balance Sheet Framework & Modelling

Senior Consultant, Balance Sheet Framework & Modelling

  • Location: UK Wide
  • Salary: £50,840 - £73,436
  • Contract Type: Permanent
  • Ref: R001700478
  • Closing Date: 25 November 2020

The Framework & Modelling team within Treasury sit at the heart of the Society.

We play a crucial role in helping ensure Nationwide’s financial risks are managed appropriately to maintain the long-term stability of the Society whilst providing our members with the products they need.

We’re responsible for maintaining our risk framework and risk appetite across liquidity & funding risk, interest rate risk, capital risk and pension risk. This includes the production of the ILAAP and ICAAP documents, and collaboration with other teams across the Society to interpret and implement new regulatory requirements. In a financial world that is evolving rapidly, we need to ensure we can keep pace with developments, both in terms of market dynamics and regulation, which requires a constant reassessment of our approach to risk management.

A great opportunity has arisen for a Senior Consultant to join the team. Whilst the initial focus for the role will be on liquidity and funding risk and Interest Rate Risk in the Banking Book (IRRBB), you will need to have a flexible approach as there will be opportunities to broaden out into other areas and support Society-wide initiatives.

Due to COVID-19 the way we are operating as an organisation is changing. As we try to navigate the varying and unprecedented landscape, we are continuing to work on how and where our teams work during this time. As a result, we are flexible on location, and whilst this role will involve working remotely to begin with, as things begin to adapt further, there will be some travel to Swindon or other sites required.

What you’ll be doing

Responsible for identifying how financial risks could materialise and managing their potential impact – from risks to our income from changes in interest rates, to risks to Nationwide’s long-term stability from liquidity and capital risks, you’ll be assessing developments, both external in terms of the economic environment and internal from product and proposition changes. You’ll need to understand how changes could impact Nationwide’s financial risk profile leading to recommendations to ALCo and other senior committees.

You’ll also be horizon scanning for new regulatory developments, including engagement across industry groups to ensure we can understand and assess the impact of changes to regulation.

A key part of your role will be building and maintaining relationships within Treasury and across the Society. You will also be expected to support more junior team members and assist them in their development.

About you

This role is all about understanding how external developments and changes to our products could impact Nationwide’s risk profile and financial stability. You’ll need to be able to join the dots across risk categories and be able to explain a technical subject matter to a non-specialist and senior audience.

As a minimum requirement, you’ll have:

  • A degree in a relevant subject (such as Finance, Mathematics, Physics, Engineering or Economics)
  • At least 5 years’ Treasury risk management experience and/or a relevant qualification (ACT, CertBALM, CFA)
  • Excellent written and communication skills, with the ability to explain complex subjects in a simple way to a wide range of stakeholders
  • Experience presenting to senior audiences, including proposals to ALCo and other senior committees
  • Strong analytical skills with an ability to understand trends and identify links across a wide range of data
  • Strong and effective relationship building skills

It would be nice if you have:

  • The ability to lead more junior members of the team.
  • A willingness to take the initiative and think about impacts outside your immediate area of expertise.
  • A collaborative approach in all aspects of your work
  • Experience of production of the ILAAP or ICAAP documents or a background in IRRBB is also desirable.

We’re also interested in who you are as a person. Why? Because our membership is made up of so many different kinds of people, so we want our employees to be just as diverse. We’d love to hear about:

  • Your values, and what makes you who you are
  • How you’d make a difference to our members in this role

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

Our people’s success isn’t based on how long they spend at their desk. While you’ll have contracted hours, we want to offer a flexible environment where possible. That might be working from home, logging on from other offices across the UK, or working part time or compressed hours.

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
  • Access to an annual performance related bonus
  • Access to training to help you develop and progress your career
  • 25 days holiday
  • Status car allowance - £4,656 per annum

Why work at Nationwide

We’re a building society founded by ordinary people, our members, who came together to help each other get the most from their money, buy homes and save for their futures. For over 130 years, we’ve supported each other and our communities, and we’ve done the right thing for wider society too.

If you come to work here at Nationwide, you’ll be part of that. Part of something a bit different. And something really quite special.

What’s more, we have a strong ethic of care for each other and our members. We recognise that our employees feel most appreciated when their thoughts and values are respected and considered. We’re committed to creating a culture that recognises and truly values our individual differences and identities. So if you’d like to be a part of an inclusive workplace where you can be yourself, where your talents are nurtured, and you feel empowered to contribute, then please apply and help us in building society, nationwide.

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


Senior Consultant, Balance Sheet Framework & Modelling

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