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6 months ago
Salary: competitive
Location: London
Job type: Permanent
Sector: Banking/Finance
Category: Analysis Jobs
Risk Analyst - Interest Rate Risk in the Banking Book – Triton Square

Job Title:

Risk Analyst - Interest Rate Risk in the Banking Book – Triton Square



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Turn big plans for your career into action

We have an exciting opportunity to join our team based in a heart of our business as a Risk Analyst - Interest Rate Risk in the Banking Book.

This Risk Analyst role sits within the Market & Structural Risk team, with responsibility for measuring and controlling the structural market risk within the bank. The team develops internal risk models in order to monitor, report and control the structural interest rate risk exposure of the bank through a range of risk metrics and scenarios. The team also has the responsibility to provide support, challenge and oversight of the Asset & Liability Management function of the bank.

As a Risk Analyst you will be a key member of the team that develops and maintains the interest rate risk balance sheet models for Santander UK supporting the management and oversight of Structural Market Risk.

We’re passionate about helping people and businesses prosper and we strive to be simple, personal and fair in everything we do. That’s why we’ve built a culture of respect, where everyone is empowered to keep their promises and go above-and-beyond for our customers, colleagues and the communities we serve.

As a Risk Analyst your main responsibilities will be to:

* Develop, maintain, run, the balance sheet models and processes, implemented in QRM and Excel, in order to measure the interest rate risk profile of the bank through a range of metrics.

* Develop, monitor, and document the behavioural assumptions that are used in balance sheet models; this will require the ability to perform robust statistical analysis, and also to collaborate closely with stakeholders.

* Become a subject matter expert, with the ability to explain in simple and intuitive terms, the complex dynamics of the balance sheet models and related risk metrics to senior management and stakeholders.

* Prepare documents and PowerPoint presentations to a high standard, to support senior committees and management.

* Work with other business areas across Risk, Retail & Corporate Divisions, Financial Markets, and IT; to provide support and constructively challenge to a wide range of projects, risk management strategies and business initiatives from a structural market risk perspective.

Minimum skills and experience required:

* Experience of QRM or similar balance sheet modelling tool is desirable.

* Degree in a mathematical or financial related subject.

* Experience in Interest Rate Risk in the Banking Book, ALM or similar role.

* Experience of analysing large datasets using SAS, SQL or similar programming language is desirable including advanced Excel skills.

* Strong communication skills.

Rewarding you

Salary is competitive

For your commitment and success, Santander offers a competitive basic salary with a distinct career development opportunity. In addition to your salary and bonus, we offer you a benefits package that’s flexible and allows you to be in control, as well as all the policies, tools and guidance to support you.

Other Santander benefits include:

* Pension with generous contributions from Santander

* 27 days’ holiday plus bank holidays, with the option to purchase up to 5 contractual days per year

* Voluntary healthcare benefits at discounted rates such as Private medical insurance, Dental insurance, Healthcare Cash Plan and Health assessments

* 24/7 access to an online employee discount platform. Save money on everything from groceries, electronics, fashion, holidays and much more

* Benefits supporting you and your family, such as Childcare vouchers, voluntary Life assurance and Critical illness cover

* Option to a Company car if you drive more than 8,000 business miles per year

* Access to an All Employee car scheme

* Excellent employee recognition schemes - be recognised for demonstrating great behaviours

* Share in Santander’s success by investing in our Sharesave and Partnership shares plans

* Support your favourite causes through charitable giving and our community partnerships


Our Triton Square office in London is conveniently located within walking distance from Euston Station and Warren Street Station. It’s one of our biggest offices in the UK and is home to a range of key functions for the bank from Marketing, Finance and Risk to Digital and HR. With an onsite gym, restaurant, coffee shop and banking facilities, the atmosphere is a vibrant one with plenty of opportunities to socialise and get involved in local community and charity work.

Why Santander?

We’ll give you more than a job, we’ll give you a purpose – to help people and businesses prosper.

Our aim is to be the best bank for our people, customers, shareholders and communities and we’re making it happen by focusing on the behaviours that bring everyone together. By bringing passion, talking straight, embracing change, showing respect, speaking up, keeping promises, giving support, truly listening and actively collaborating, we believe we can really make a difference.

We’ve created an environment where we always put people first, that’s why we offer flexible work options to help you do your job in a way that suits you. Whatever your unique ambitions, you’ll have plenty of room to grow, with tailored training and development opportunities and a wide range of benefits designed to suit your lifestyle. What’s more, we’ll also support you in making a difference through our volunteering and fundraising schemes. Our commitment to our people hasn’t gone unnoticed and we’ve been listed as one of Britain’s Top Employers by the Top Employers Institute since 2012.

Time to apply

If this sounds like a role you’re interested in then please apply on the link below.

Equal Opportunities Statement

Santander are an equal opportunities employer who are simple, personal and fair in everything we do. For more information on our commitment to equal opportunities, please visit our diversity page here”

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