We are seeking a Market & Liquidity Risk Manager to join our collaborative team in Wolverhampton. You will be able to drive excellence in risk management practices, analysing market trends and ensuring liquidity resilience whilst leading and developing a small team. If you know your IRRBB from your ILAAP this role may be of interest to you!

The OSB Group is a FTSE 250 specialist mortgage lender, primarily focused on carefully selected segments of the mortgage market.

Our specialist lending is supported by our Kent Reliance and Charter Savings Bank retail savings franchises. Diversification of funding is provided by sophisticated securitisation platforms. OSB’s unique cost-efficient operating model is supported by our wholly-owned subsidiary OSBIndia.

Alongside passion for our products and customers, we're passionate about our people and want to continue building a collaborative and engaging environment.  Being dedicated to Diversity, Equity and Inclusion, we encourage differences and recognise that individuals from diverse backgrounds and experiences can bring valuable insights and enhance the way we work.  This is supported by our Diversity, Community and Environment Employee Engagement Networks and our commitment to the Women in Finance Charter and Women in Leadership Programme. 

In this role, you will support the Heads of Market and Liquidity Risk on the management of all market and liquidity risk issues including market and liquidity risk analytics, development of management information, stress testing, and hedging strategy with a particular emphasis on ALM systems implementation and maintenance.

Your responsibilities will include…

• Manage the day-to-day activities of one or two Risk Analysts

• Develop management information for market and liquidity risk reporting to executive and Board, manage production of reports, and review outputs, oversee MI submission to ALCO as well as other management committees.
• Write ALCO or other committee papers as required to present updates on risk profile or changes in risk appetite.
• Build on the existing liquidity forecasting and stress testing capability.
• Support major planning efforts, such as the Individual Liquidity Adequacy Assessment Process (ILAAP) and the Individual Capital Adequacy Assessment Process (ICAAP)
• Perform analysis and propose Board risk appetite updates for market and liquidity risk.
• Update Funding and Liquidity Policy, IRRBB Policy and the Treasury Risk Policy and ensure Group compliance with their requirements.
• Perform analysis supporting behavioural assumptions for IRRBB measurement including prepayments and reserve allocation.

We offer a base salary dependent on experience of between £65,000 - £75,000  and a competitive benefits package including:

• Discretionary annual bonus opportunity of up to 15%
• 28 days annual leave plus bank holidays
• Contributory pension (8% employer 5% employee)
• Life Assurance (4x salary) plus Group Income Protection
• Access to Private Medical Insurance and Medical Cash Plan
• Maternity & Adoption Leave – Occupational Maternity/Adoption Pay provided at 100% of salary for the first 26 weeks.
• Paternity Leave – 8 weeks of paid leave to be taken within 12 months of birth or adoption.
• Additional benefits such as Hybrid working, Cycle Purchase scheme, Technology Purchase scheme, Season Ticket Loan, Holiday purchase / sell schemes, Employee Perk Portals, Payroll giving and Save as you Earn scheme.

We are looking for talented individuals who have the experience and knowledge set out below:

• Previous experience in managing risks associated with business assets and liabilities (liquidity and/or IRRBB) is essential;
• Previous experience in producing analytical MI unassisted and to tight deadlines is essential;
• Previous experience in developing, operating and critically reviewing various tools or models is essential;
• Previous experience in managing direct reports is essential;
• Ability to understand and approach complex problems in a logical way is essential;
• Ability to manage analytically and data intensive processes is essential;
• Ability to interrogate large data sets using candidate created queries or macros;
• Understanding of the measurement and management of liquidity risk is essential, a focus on retail savings particularly helpful;
• Understanding of the measurement and management of interest rate risk in the banking book, with an understanding of hedge accounting helpful is essential;
• Excellent financial modelling ability using Excel is essential, other tools, particularly VBA, SQL is desirable.
• Knowledge of regulatory regime including reporting and ILAAP or ICAAP is desirable.

If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.

Alternatively, if you wish to have an informal and confidential chat please get in touch. Contact details can be found on our careers page.

If shortlisted from your initial application we operate a personalised recruitment process. Interviews are a two way street, we aim for them to be relevant and conversational to get the best out of you!

OSB Group are dedicated to diversity in the workplace and committed to treating all our employees and job applicants equally.  We embrace equal opportunities and are opposed to discrimination on any grounds.

As part of our public commitment to the Women in Finance Charter, we have introduced our own initiatives to attract, develop and advance senior women in our sector. We don’t stop there though, we have broadened our approach to encourage diversity and inclusion at all levels and in all roles. Our leadership and Executive Committee are right behind us, to the extent that our Diversity Champions sit at Board level and on a monthly basis receive updates on our progress. 

Whilst we are an organisation that values face-to-face interaction to build and nourish our culture, we also acknowledge that people are not just productive in an office and tied to the 9 to 5.  Flexible-working opportunities are important for establishing a healthy work-life balance so if you see a role of interest we are happy to be asked about flexibility and explore together if we can make it work.

All applicants must have rights to work in the UK and be willing to undertake the relevant pre-employment screening checks should your application be successful.