Market & Liquidity Risk Manager

Location Durham/Remote
Contract Type Contract - End Date Friday 18th March 2022
Hours Full time

We’re Atom…

The bank that’s leading the fintech charge.

We’re not like the rest. We’re true innovators, and we’re redefining what a bank should be. Ours is a bank for today and the future, a mobile-first bank. Forget the stuffy branches, with Atom you can bank whenever, wherever, faster and simpler.

Based in Durham, we’re committed to bringing world-class career opportunities and developing a strong tech culture in the North East. Our team currently has over 400 brilliant people and is still growing; could you be the next innovator to join us?

We’re looking for mindful, empathetic and self-aware people to join our teams in Durham and London and help us innovate and disrupt the market with our cutting-edge, digital banking solution.

What’s it all about?

The Market & Liquidity Risk manager is responsible for projects and activities supporting the Head of Financial Risk in effectively identifying, quantifying and managing the Financial Risk profile of the firm.

Key areas of activities include:

  • Understanding market and liquidity risks faced by the firm, driving consistent implementation of market and liquidity risk policy, implementing appropriate metrics for measuring and monitoring market and liquidity risk, tracking deviations from limits, assessing underlying drivers and identifying mitigating actions.
  • Evaluating the wholesale credit risks of proposed and existing treasury exposures and making recommendations for the determination/extension/reduction of credit lines.
  • Understanding treasury operational risks, with impact on the firm’s market and liquidity risk or wholesale credit risk profile.
  • Providing oversight and challenge of senior management to ensure that financial risk is managed within stated risk appetite.
  • Engaging in strategic business development/key change management initiatives to ensure that financial risk exposure is fully considered and addressed.
  • Acting as a key member of the Risk function supporting and participating in a high-performance team.

What will your typical day look like? Different that’s for sure…

As the Marketing & Liquidity Risk Manager at Atom bank, your responsibilities will include;

  • Developing market and liquidity stress tests and recommending appropriate action.
  • Contributing to the production of the Internal Capital Adequacy Assessment Process (ICAAP), the Liquidity Contingency Plan (LCP) and the Recovery Plan for each market and liquidity risk area. .
  • Developing market and liquidity risk assumptions to apply when conducting firm-wide stress tests. Analysing the results and recommending appropriate action.
  • Overseeing the bank’s liquidity and funding management. Challenge assumptions, recommend appropriate changes.
  • Overseeing the bank’s FTP framework and its operation. Challenging assumptions & recommending appropriate changes.
  • Communicating market and liquidity risk control parameters including policies, control standards, risk exposure limits and other control levers in order to maintain a risk profile in line with the overall risk appetite set by the Board.
  • Developing policy and operating limits for counterparty and country risk using CAMELS approach and monitor associated exposures and ratings.
  • Recommending changes to the control environment or to business practice, where necessary, to reduce the level of financial risk exposure to within the agreed appetite.
  • Providing critical scrutiny of pricing models arising from Finance and from commercial departments, including development/challenge of Funds Transfer Pricing models.
  • Providing scrutiny, challenge and sign-off for certain Regulatory Reports.
  • Providing critical scrutiny of strategic business development considering all aspects of financial risk.
  • Providing input to the Assets and Liabilities Committee (ALCO) Credit Committee (CredCo), Executive Risk Committee (ERC) and Board Risk Committee (BRC).
  • Providing oversight of new product development, ensuring that financial risks are understood and are factored into plans.
  • Providing input to the Key & Emerging Risks Register with regard to solvency, market and liquidity risks.
  • Having oversight and assurance of market and liquidity risks as well as wholesale credit risk, monitoring actual and future metrics, risks and opportunities.
  • Building and maintaining close working relationships with Treasury and Finance while maintaining independence, ensuring compliance with controls and limits through regular monitoring and challenge.
  • Overseeing the testing of Atom’s migration to an automated Asset-Liability Management tool (Focus) from an excel-based solution.

What do we need from you?

  • Keen interest and affinity to learn liquidity and funding risk as well as interest rate risk management;
  • Strong financial modelling capabilities and the application of standard interest rate risk stresses.
  • Able to manage across multiple competing priorities without compromising on quality of outcomes.
  • Sharp business acumen, including the ability to assess risk and appropriate levels of return.
  • Strong analytical and problem-solving skills and demonstrable ability to work independently.
  • Detail oriented, with a commitment to execution.
  • Strong Excel skills and good written English.

What would we ideally like from you?

  • Degree in finance, economics or mathematics preferred.
  • Treasury (CertBALM or ACT), or Risk management qualification (e.g. GARP, PRMIA) advantageous.
  • Strong PowerPoint skills.
  • Experience with Asset and Liability Management systems is an advantage.
  • Familiarity with or openness to learn the relevant regulatory frameworks (UK PRA rules, EU’s CRR or Basel).

What’s in it for you?

  • 4 day working week
  • Competitive Salary
  • Annual Share Option – performance related
  • Incredibly generous company pension scheme (maximum of 13% of Atom input – candidate can put in more)
  • ‘All About Me’ fund: £200 per year to spend on personal development
  • 25 days holiday + 8 statutory days (rising by half a day with every year in the company)
  • Private Medical Insurance for you and full family
  • Health Cash Plan – expenses paid on Optical/Dental/other appointments/treatments
  • Life Insurance – 4 times annual salary
  • Critical illness cover – 1 x lump sum annual salary
  • Cycle to work Scheme
  • Continuous development – professional qualifications
  • Challenging and exciting working environment

PLEASE NOTE: You must have the legal right to work in the UK to apply for this role as Atom bank are unable to support Visa Applications/Sponsorship. All roles within Atom must adhere to the Conduct Rules as set out by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA).