Head Of Financial Risk in Milton Keynes

Location: Milton Keynes

Salary: £135,000 per year

Recruiter: NHBC

Job Hours: Full-time

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Salary:

£135,000 – £142,000 + up to 20% bonus per annum (deferred) + £8.3k car cash allowance

Working Location: Milton Keynes / hybrid.

Employment Type: Full Time, Permanent

As a leader of the Financial Risk division within the Risk Function, the primary goal is to provide insightful perspectives and assurance to the Chief Risk Officer (CRO) on a range of financial risks (insurance pricing, assets & liabilities management, reinsurance, underwriting) impacting NHBC, encompassing both current risks and emerging threats. This involves evaluating the accuracy of capital and other mechanisms in reflecting these risks.

What we offer:

27 days annual leave (plus bank holidays) and a holiday purchase scheme

Generous pension scheme, with an employer contribution of up to 10.5%

Life Assurance (x4 salary)

Private medical insurance: fully funded couple cover

Cycle to Work scheme

Employee discounts platform, including gym discounts

24/7 employee assistance programme supporting your mental wellbeing

2 days volunteer leave

Equalised maternity, paternity, adoption leave and pay for all new parents

Payroll Giving, this allows you to make donations to your chosen charity through monthly pay deductions

What you’ll be doing:

The Head of Financial Risk plays a pivotal role by:

Aligning the company's strategic objectives with the management of financial risks to support these goals.

Evaluating the adequacy of financial risk modelling outputs to guide effective business decisions.

Cultivating impactful relationships crucial for supporting these activities.

Ensuring the financial risk framework remains pertinent, considering internal requirements and industry advancements.

The ideal candidate will have experience in:

Develop and maintain a comprehensive financial risk strategy aligned with the holistic Enterprise Risk Management Framework, covering policies, procedures, risk appetite, stress and scenario testing, risk management information (MI), and risk governance.

Provide assurance over Financial Risk activities within the 1st line through periodic in-depth reviews, investigations, and oversight.

Establish, validate, and report risk MI to the CRO and relevant governance bodies.

Contribute to the senior Risk leadership team, actively shaping an effective risk framework and culture.

Collaborate with first-line functions to support, guide, and challenge the identification, management, and monitoring of financial risk, including areas such as insurance pricing, technical provisions, UK GAAP reserves, business planning, reinsurance, underwriting, investments, asset and liability management, liquidity management, and pension fund management.

Review and validate the analysis of actual financial risk-related experiences, reporting implications to the CRO.

Advise on risk mitigation strategies and their implementation across insurance risk, market risk, counterparty credit, credit, and liquidity risk, supporting the assessment of operational risk management.

Support the development and integration of the organization's understanding and response to financial risks from climate change.

Leverage subject matter expertise to lead the validation of the assessment of solvency capital, whether on a standard formula or economic capital basis.

REGULATORY ACCOUNTABILITIES: Key Function Holder

Over the course of employment, the role holder is required to abide by and uphold the high-level standards of behaviour set out by the FCA/PRA Conduct Rules, and to take ‘reasonable steps’ to prevent a breach of those rules occurring.

Why you should join us

At NHBC we are proud to be unique. No other organisation in our sector combines the variety of services and scale that we offer. As the market leader, our name is synonymous with new home warranty and insurance. Our people are driven by our core purpose to raise standards in housebuilding and protect homeowners.

We are a modern, lifestyle and family friendly employer who are in a period of rapid growth, investing in technology, data and new ways of working. We need passionate, talented and driven people to join us on this journey.

We encourage our colleagues to work flexibly. We don’t promise we can offer you exactly what you want, but we are always happy to talk flexible working .

Your future with us

We have lots of fantastic examples across our business of people who are building their career with us. We are huge advocates of internal mobility and work hard to retain our best talent. We offer exceptional personal development and career progression opportunities. If you’re ambitious, driven and hard-working you will succeed with us. We’ll support you with full training, ongoing development, and the opportunity to gain recognised qualifications and professional memberships.

Our inclusive culture

We are committed to creating an inclusive culture that encourages everyone to bring their true selves to work. We fundamentally believe in the rights of all our employees and customers to be treated fairly, with dignity and respect, free from discrimination. We have active employee networks that support our colleagues and their allies, creating safe spaces for open conversations and the sharing of ideas.