Job Details

Senior Risk Manager (Guarantees and Wholesale, Risk and Compliance)

London, Greater London, United Kingdom, Permanent

Posted: 18days ago


Location: London or Sheffield

Contract: Permanent

Hours: Full time 37.5 hours per week/flexible days and/or hours (Mon-Fri)

Salary: Up to £71,250 per annum maximum depending on location and experience

Benefits package:

30 days annual leave plus bank holidays, opportunity to buy and sell holiday

15% employer pension contribution

Flexible working, cycle to work scheme, healthcare cash plan and life assurance

Paid voluntary day, maternity, adoption, and shared parental leave

Various other benefits to suit your lifestyle and wellbeing


You will support the Financial Risk Director and Chief Risk Officer in managing risk across the British Business Bank (BBB) but with a specific focus on managing financial risk across the Bank's guarantee and wholesale portfolios. The guarantee and wholesale product team are responsible for BBB's Enable Programmes, Recovery Loan Scheme and the Covid Guarantee Schemes including the Coronavirus Business Interruption Loan Scheme (CBILS), the Coronavirus Large Business Interruption Loan Scheme (CLBILS) and Bounce Back Loan Scheme (BBLS).

Reporting to the Director for Financial Risk, you will complete risk analysis for new transactions, including the analysis of historic portfolio data, financial modelling, transaction structure and terms and documentation protections. You will attend investment committees and exercise delegated credit approval authority where necessary in addition to providing risk input into the design of new products. You will work closely with the

product team to undertake risk assessments, due diligence and operational reviews on delivery partners and counterparties and to carry out periodic portfolio reviews.

It is essential that you have a good understanding of securitisation/structured finance/guarantee/wholesale products and markets in addition to demonstrable experience in financial modelling, portfolio data analysis and extrapolation. You will have a good understanding of rating methodologies and probability of default/loss given default models. It is essential that you have substantial expertise in Microsoft Excel and that you are competent with Word and PowerPoint. It would be desirable if you had experience of SME lending and the associated risks. Knowledge of Microsoft Power BI and VBA would also be an advantage.

As a Senior Manager at the Bank it is expected that you will role model candour and integrity, you will support the wellbeing of colleagues, encourage diversity of thought, and strive for continuous improvement. You will be collaborative, celebrate differences and inspire a culture of inclusion. You will have excellent communication skills and you will be confident in building and maintaining key stakeholder relationships.

View the full job description.


The British Business Bank is a unique and exciting institution. Its mission is to make finance markets work better so smaller businesses across the UK can prosper and grow.

Established in 2014, it is a 100% government-owned economic development bank but independently managed.

To deliver its programmes, the Bank works through more than 200 delivery partners such as high street, digital, specialist and challenger banks, venture capital and private debt funds and fintech platforms.

Currently, we employ around 440 people, split between offices in Sheffield and London.

Please note all candidates applying for this role should have the right to work in the U.K.

Job Details

London, Greater London, United Kingdom