About Company
Coventry Building Society is one of the UK’s leading building societies, committed to serving our members and communities with integrity and a forward-thinking approach. Founded on principles of mutual ownership, we have been helping people save and buy their homes for over 130 years. Our strength lies in our dedication to our members, ethical practices, and a supportive working environment where every colleague can thrive. We believe in nurturing talent, fostering collaboration, and embracing innovation to ensure our continued success and stability.
Job Description
Are you a detail-oriented individual with a passion for identifying and mitigating risks? Coventry Building Society is seeking a talented and proactive Risk Management Analyst to join our dynamic Risk team. In this pivotal role, you will play a crucial part in safeguarding the Society’s assets, reputation, and financial stability by contributing to the robust framework of our enterprise risk management strategy. You will be instrumental in analyzing potential risks across various business functions, providing insightful data-driven recommendations, and ensuring compliance with regulatory requirements. This is an excellent opportunity for someone looking to grow their career in financial services, working within a supportive team dedicated to excellence. You will collaborate closely with various departments, gaining a comprehensive understanding of our operations and contributing directly to strategic decision-making. We are looking for someone who is not only analytical but also an effective communicator, capable of translating complex risk data into clear, actionable insights for diverse stakeholders.
Key Responsibilities
- Identify, assess, and monitor key risks across the Society’s operations, including credit, market, operational, and regulatory risks.
- Develop and maintain risk registers, documenting identified risks, their potential impact, likelihood, and proposed mitigation strategies.
- Perform quantitative and qualitative risk analysis, including stress testing and scenario analysis, to inform decision-making.
- Prepare comprehensive risk reports and presentations for senior management and relevant committees, highlighting key risk exposures and trends.
- Collaborate with business units to embed risk management best practices and ensure effective implementation of risk policies.
- Monitor regulatory changes and ensure the Society's risk management framework remains compliant with current and evolving requirements.
- Contribute to the continuous improvement of risk management processes, tools, and methodologies.
- Participate in ad-hoc risk-related projects and initiatives as required.
Required Skills
- A Bachelor's degree in Finance, Economics, Mathematics, Business, or a related quantitative field.
- Minimum of 2 years of experience in a risk management, audit, or analytical role within financial services.
- Strong analytical and problem-solving skills with meticulous attention to detail.
- Proficiency in data analysis tools (e.g., Excel, SQL, Python, R) and risk modeling techniques.
- Excellent written and verbal communication skills, with the ability to present complex information clearly.
- Solid understanding of risk management principles, financial products, and regulatory requirements (e.g., PRA, FCA).
- Ability to work independently and collaboratively within a team environment.
Preferred Qualifications
- Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst).
- Master’s degree in a relevant field.
- Experience with GRC (Governance, Risk, and Compliance) software platforms.
- Knowledge of the building society sector and its unique risk landscape.
Perks & Benefits
- Competitive annual salary and a generous pension scheme.
- 28 days annual leave, plus bank holidays, with the option to buy or sell additional leave.
- Private Medical Insurance and Group Income Protection.
- Life assurance cover for peace of mind.
- Employee assistance program for personal and professional support.
- Access to a comprehensive range of learning and development opportunities.
- Discounts on a variety of products and services, including exclusive member offers.
- Flexible benefits platform to tailor your package to your needs.
How to Apply
To apply for this exciting opportunity and take the next step in your career with Coventry Building Society, please click on the application link below. Ensure your CV and a compelling cover letter highlight your relevant experience, analytical capabilities, and how you meet the requirements outlined in this job post. We look forward to reviewing your application and exploring how your skills can contribute to our success.