Capital Analysis Senior Manager

Job Description

Business Unit: Finance and TreasurySalary: IND MatchLocation: UK FlexibleContract Type: PermanentWere at our best when we have something to drive us forward, a belief that underlines who we are and what we do. Our Purpose. We want to make people happier about moneyand that idea starts with every single one of us here at Virgin Money. Feeling InsatiablyCurious about your next adventure You might have just found it.This role will give you the perfect opportunity to demonstrate great skills and role model our Values and Behaviours. You will play a critical role in Delighting our Colleagues and Regulators by producing high quality analysis, with Super Straight ForwardEfficiency. It also provides an opportunity to build strong and effective working relationships with colleagues across Finance, Treasury, Risk and Audit in order to ensure the Groups Capital is remains sufficient, and stress testing impacts are understoodand embedded through the business.We have an exciting opportunity for a Senior Manager to head up our Capital Analysis team. Reporting into the Senior Manager Capital Optimisation, the role holder will be responsible for managing and supporting the development of the ICAAP and BoE ACS/SSTas well as Regulatory horizon scanning operations. As a key part of their role, they will play a lead role in the scoping and production of the ICAAP Macroeconomic scenarios and Sensitivities, and the Reverse Stress Test.This role in a nutshell/ Day to day youll be doing:

• Co-ordination of, and responsibility for, the ICAAP processes including:
  • Overall responsibility for co-ordination of the ICAAP.
  • Lead development and analysis on ICAAP macroeconomic scenarios, ensuring these are in line with Prudential requirements and best practice.
  • Preparation of the ICAAP results and analysis.
  • Lead and support development of the annual Reverse Stress Test and ICAAP sensitivities.
  • Lead documentation of the Final ICAAP.
  • Provide insightful analysis to support the approval of the ICAAP through the various governance stages, from Stress Testing Committee and Asset & Liability Committee, through to final Board approval.
• Input to the Bank of Englands Annual Cyclical Scenario (ACS) processes including:
  • Preparation ACS stress testing results and analysis.
  • Documentation of stress testing results including Basis of Preparation and analysis packs to support the detailed Governance process.
  • Lead and assist with template completion.
• Understanding regulatory impacts (e.g. PRA / Basel III) on the Groups capital position and stressed forecasts.
• Supporting development of capital allocation and optimisation methodologies
• Ensuring compliance with Spreadsheet Policy.

Youll have responsibility for a team of three and the team will be required to pull together complex and often disparate information from various sources to identify key risks and provide valued advice. They will become known for the quality and value oftheir analysis.To be successful for this role youll have/ Youll need to bring

• Understanding of Capital and Stress Testing requirements.
• Financial Professional Qualification and/or experience in Capital (ICAAP or Stress Testing), or Prudential Risk/Oversight would be highly advantageous
• Detailed analytical and problem-solving skills with the ability to articulate clearly, often to senior stakeholders.
• Strong interpersonal skills capable of developing their own team and building a stakeholder network throughout the business.
• Well-crafted verbal and written communication skills, with experience in report writing and analysis.
• Ability to comprehend complex issues and develop an in-depth understanding.
• Ability to review and assess the impacts from Regulatory updates.
• Strong MS Excel and Powerpoint skills.

Wed love you to have:

• Experience of managing and developing teams and delivering against challenging timelines.

We really need you to have the skills and experience listed in the To be successful for this role youll have/ Youll need to bring section above, but the rest is just our wish list, so please dont let that put you off applying, wed love to hear from you!RED HOT Rewards

• 38.5 days annual leave for all colleagues (including bank holidays and pro rata if part-time)
• Five extra paid well-being days per year
• A 35 hour working week
• 20 weeks paid, gender neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
• Market leading Pension
• Private Medical Insurance
• Flexible benefits including Cycle to Work, Wellness & Health Assessments and Critical Illness
• A digital-first colleague experience
• Ability to work anywhere in the UK (where the role allows)

And the great news is, all these benefits are available to colleagues from day one!Inclusion at Virgin MoneyInclusion is at the heart of everything we do here at Virgin Money. Its good for you, its good for us and its amazing for our customers. We know that great minds dont think alike, so we rely on your diverse thoughts, feelings, beliefs and backgroundsto be the best we can possibly be. Got any questions about this or need some support with your application Wed love to hear from you so get in touch with our careers team Now the legal bitLiving A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it) but we will need to you to confirm you have the Right to Work in the UK.If we offer you a job and you accept, there are some checks we need to complete before you can start with us. This will include a credit and criminal record check, as well as providing 3 years worth of satisfactory references.