Director of Market, Liquidity and Model Risk
Hybrid- London
At Just we encourage a flexible and agile working environment for the majority of our opportunities. Get in touch with us to discuss in more detail
Who are Just?
We’re a FTSE 250 Financial Services company who specialise in retirement solutions and right now, our world is moving pretty quickly. With the defined benefit buy in / buy out space growing each year, Just continues to annually grow its business by over £2bn of assets.
We are a purpose driven company with compelling and credible goals. Quite simply, we help people achieve a better later life. We achieve this by providing competitive and innovative products, services, financial advice and guidance to help our customers achieve security, certainty and provide them with peace of mind in retirement.
That’s who we are. We’re a company on a mission: to become a beacon for the entire retirement industry. Because we believe everyone deserves a fair, secure, and fulfilling retirement.
About the role
We are looking for a Director of Market, Liquidity and Model Risk to provide leadership on the development and execution of strategies to manage our market, liquidity, and model risks as they may effect the balance sheet and liquidity position of the company.
As the Director of Market, Liquidity and Model Risk you will provide overall leadership on all aspects of external risk reporting across the Risk Function. You will also participate in the leadership of the wider risk function.
Responsibilities
- Work as an adviser to the Chief Risk Officer to develop and implement the strategy for managing market, liquidity and model risks.
- Provide advice to, and influence the activities of, GEC members, their direct reports and their teams in accepting and executing that strategy,
- Developing and maintaining the capital risk appetite framework and embedding it and its use within the governance of the Group.
- Maturing the Enterprise Risk Management Framework as it relates to market, liquidity and model risks, including risk policies, tools and practices.
- Overseeing the implementation of the Enterprise Risk Management Framework as it relates to market, liquidity and model risks.
- Leading on all external risk reporting for the function, including ORSA, Annual Report and Accounts, SFCR and RSR, and owning internal reporting processes and documents for committees and the board.
- Leading and maintaining an appropriate team of specialists in delivering that strategy.
- Supporting the integration and use of the internal model as a key element of the risk management framework
- Supporting the Chief Risk Officer in the leadership of the wider Risk Function by inspiring and motivating teams to maximise effectiveness. Demonstrating the Just behaviours working together with the Risk SLT to create an environment of trust, open communication, and cohesive team effort.
Skills & Experience
- Experience in running quantitative frameworks in financial risk, capital management or financial reporting, and understanding and meeting the requirements of Executives, Risk Committees and Boards.
- Significant breadth and depth of experience and knowledge of Life and Pensions / Financial Services.
- Commercially experienced and aware.
- People management experience.
- Proven record of building strong internal partnerships within businesses and in particular with technical functions such as Actuarial.
- Significant practical, hands on experience in running and/or developing economic capital models.
- Strong understanding of financial risk and capital management principles and techniques, including up to date understanding and experience of leading edge risk quantification techniques. Strong intellectual ability to challenge suitability and application of these techniques.
- Good understanding of market, credit, insurance and liquidity risk types and their management.
- Excellent communication and interpersonal skills, including influencing, negotiation, presenting and report writing. Excellent ability to present complex financial concepts in a clear and understandable manner.
- Excellent understanding of regulatory context for operation of risk management, including FSA Handbook and frameworks such as Basel 3 /Solvency II.
- Understanding and experience of the application of the validation and ORSA requirements of Solvency II would be an advantage.
- Understanding of general risk management practices and their application. Ability to identify emerging risk issues and to drive understanding and management.
- Strong analytical ability, able to interpret information from a number of sources and draw together the “big picture” and bring a strategic perspective.
- Ability to succeed in an influence-based role, exerting substantial influence on those areas and individuals responsible for managing specific financial risks.
Company Benefits
- A Competitive Salary, Pension Scheme and Life Assurance
- Along with 25 Days Annual Leave plus an Additional Day on us for your Birthday
- Private Medical Cover and Income Protection, just in case
- A generous and highly achievable bonus scheme – paid annually based on individual and company performance against targets
- Opportunity to progress within your career both in-role and within the company
- FREE access to the Headspace App, a 24/7 Employee Assistance Helpline and Trained Physical & Mental Health First Aiders (On-Site)
- A variety of Employee Funded Benefits available to you via our Online Benefits Portal
- Plus, several additional purchase options available for you and your loved ones
Why Just?
We are committed to building a more sustainable business and have publicly committed to reduce our scope 3 emissions to Net Zero by 2050 and our scope 1 and 2 emissions to Net Zero by 2025. We’ve made good progress so far and encourage our people to make small and meaningful changes in their everyday lives, so that we can protect our planet for future generations.
Diversity, Equity and inclusion (DE&I) is a key priority for Just as part of our overall strategy and ensuring all of our people feel proud to work at Just. We have joined a number of initiatives including the Race at Work Charter, designed to improve outcomes for employees from underrepresented backgrounds. We also run a Reciprocal Mentoring scheme for employees from a BAME background, those with a disability and those who identify as LGBTQ+. There are multiple employee network groups, which champion issues including race, gender, social mobility and neurodiversity.
What’s clear about working at Just is that we care. We care about our customers, our purpose, our environment, inclusivity, wellbeing and most importantly - each other.
