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Financial Risk Manager

London, Greater London, United Kingdom, £ £ - Annual Annual, Permanent


The role is part of the Financial Risk Management team who have accountability for the 2nd line of defence to proactively managing and mitigating the financial risk for Visa Europe. VISA Europe has a growth strategy requiring a balanced and sustainable approach to risk / reward where financial risk is a significant risk to VISA Europe.
The role requires:
• Familiarity with financial risk concepts including credit, settlement, liquidity, and capital risk
• To run and develop financial risk models providing analytical insight to VEL financial risk and capital management
• Ability to understand Visa data and work with data analytics team
• Provide meaningful and insightful analysis / MI and reporting to support the FRM function
• A strong grounding in financial modelling, data, and analytical techniques to support the development of scenario and stress testing approaches to provide insights, MI / reporting to support proactive risk management and mitigation strategies.
• An understanding of the Expected Loss methodology and modelling.
What we expect of you, day to day:
Specific Role Accountabilities:
• Accountable to support the FRM Senior Manager as part of the 2nd Line of Defence for Financial Risk for Visa Europe including the and Financial Risk Framework, analytics.
• Financial Risk Management Framework
o Support enhance, build, and implement a robust Financial Risk Management framework, suitable for a Tier 1 UK regulated financial institution supporting the VEL growth strategy
o Engage with VEL and Global senior leadership gaining appropriate approval and buy-in for the FRM framework
o Support for the 2nd defence monitoring and reporting of FRM to Global, VEL RELT, ERC and Board
• Credit / Liquidity and Capital Management
o Provide the 2nd line analytical capability providing an overarching view of Financial Risk across VEL
o Support forward looking scenario and stress testing capability supporting risk appetite measures and KRI working closely with the 1st Line Finance and a business function.
o Support efficient use of VEL capital and VEL dividend strategy
• Data Analytics / systems and reporting
o Active member the build an analytical capability partnering with Global utilizing global capability, data, and system
o Support credit risk development of Expected Loss modelling and stress testing
o Support a scenario capability pulling together a consistent stress testing across all financial risks supporting the efficient use of capital and VEL dividend strategy.
o Provide concise insightful MI and reports to support management decisions and risk mitigation
• Projects
o Support on Financial Risk Management projects as required, such as;
o Credit Risk Expected Loss methodology and approach
o FRM modelling, analytics MI and reporting
o Scenario and stress testing
• Client Engagement
o Support engagement with clients on issues relating to financial risk management
• Support Regulatory and Internal Audit requirements as appropriate
Leadership & Generic Role Accountabilities:
• Accountable for building relationships to cross silos
o Work closely across Risk Europe
o Work closely with relevant Global Centres of Excellence
o Work closely with other VEL Functions
• Accountable to work collaboratively with;
o the businesses and other functions to deliver key business projects and initiatives.
o the Risk Europe function and Global Risk to:
• Deliver the Risk Europe strategy
• Support delivery of the Global Risk strategy
• Optimise efficiencies
• Deliver appropriate consistency in risk management
• Deliver key projects and initiatives
• Support the use of management information, metrics, and analysis to inform business decision-making and to measure progress against goals and desirable outcomes.
• Proactively identifying key risk topics for escalation to the RELT.
• Supporting, training, and sharing expertise with other colleagues in VEL and globally.
• Contributing to a "best in class" Function/ Department recognised across VEL and globally as:
o Experts in their field
o Professional and business-aware
o Proactive and solutions-focused
o Constructive and proportionate in their challenge
o Approachable and collaborative
• By word and deed, being part of the Risk Europe culture

Job Details

Not Specified
London, Greater London, United Kingdom
£ £ - Annual Annual