Senior Manager - Financial Risk

Hours
: 35 – Talk to us about Flexible Working

Salary
:
From £29,468

Contract Duration
:
Full-Time, Fixed Term Contract

Closing Date
: 01 March 2026

BELONG – There’s no place like Principality

At Principality, belonging isn’t just a value — it’s how we work. When you join us, you’re welcomed into a supportive, inclusive community where your home life, wellbeing, and individuality are genuinely respected. From flexible ways of working to benefits designed around you, we’re committed to helping you feel comfortable, valued, and able to thrive.

We believe great work happens when people feel connected — to each other, to our purpose, and to the communities we serve. That’s why we encourage balance, invest in wellbeing, and focus on growing and improving together.

There are plenty of reasons to build your career with Principality:

• Flexible hybrid working – Our award‑winning approach gives you the flexibility to work from home and from the office. Collaboration matters to us, so you’ll spend at least 8 days per month based in our Cardiff office.
• A truly inclusive workplace – Proudly named in the 2025 Inclusive Top 50 UK Employers List
  , ranked 27th
  , recognising our ongoing commitment to inclusion and belonging.
• Customer excellence you can be proud of – Winners of Double Gold Awards for Customer Satisfaction at the Fairer Finance Awards 2025 for both Savings and Mortgages.
• Engaged, supported colleagues – Our colleague engagement scores consistently exceed 85%, reflecting a positive and supportive culture.
• Wellbeing at the heart of what we do – Our Belong benefits package is designed to put our people first, supporting your physical, mental, and financial wellbeing.

These achievements reflect more than awards — they represent our long‑term commitment to creating a workplace where colleagues feel supported and customers feel cared for.

When it comes to belonging, there truly is no place like Principality.

Are you an experienced financial risk professional ready to shape the future of risk oversight within a major UK building society? We’re looking for a Senior Manager – Financial Risk to lead second‑line oversight across Capital, Liquidity & Funding, Market Risk and broader ALM activities. This is a high‑impact role influencing strategic decisions, regulatory submissions and the Society’s overall financial resilience.

In this role, you will lead a small team providing independent, robust oversight of the Society’s financial risk profile. Acting as a subject matter expert, you’ll review and challenge first‑line in managing, monitoring, reporting and modelling of financial risks to ensure that they are well‑managed as per regulatory expectations and best practice.

You will also play a pivotal role in shaping and challenging the Society’s strategic use of capital, liquidity and funding resources—ensuring the business remains safe, resilient and future‑focused.

• Lead second‑line oversight across Capital, Liquidity & Funding, Market Risk and ALM initiatives.
• Provide expert challenge to first‑line activities, including models, risk assessments, policies, procedures and risk appetite statements.
• Oversee the review and challenge of the Society’s key regulatory submissions such as ICAAP, ILAAP and RRP.
• Support and provide assurance through the Model Risk Management Framework
  , ensuring model reviews are completed to schedule and governance standards are met.
• Review high‑impact regulatory returns to ensure accuracy and appropriateness of key assumptions, interpretations and judgements.
• Provide oversight of Financial Planning, including challenge to the Medium Term Plan, budget and earnings risk assessments.
• Build and maintain strong relationships across Finance, Treasury and senior stakeholders, contributing independent opinion to executive and Board committees.

• Deep expertise in Capital, Liquidity & Funding, Market Risk, and ALM practices.
• Extensive experience developing or reviewing ICAAP, ILAAP, RRP and Stress Testing.
• Strong understanding of Treasury functions, financial modelling, and the regulatory landscape.
• Experience operating at management level within financial…