Job DescriptionJob title Risk ManagerTeam Risk and ComplianceBand Band 6Reporting to Financial Risk DirectorManagement responsibility N/A

Purpose of the job

The Risk Manager, will support the Financial Risk Director in managing financial risk activities across the British Business Bank (BBB) and will also work closely with the Enterprise Risk team.

The BBB delivers its programmes through delivery partners, which are financial institutions, and which in turn provide funding to SMEs. Programmes cover debt, guarantees and venture capital.

The Risk & Compliance team comprises 3 teams: Financial Risk, Non Financial Risk and Enterprise Risk.

Main duties

Support the Financial Risk and Enterprise Risk Directors in the following:

Day-to-day interactions between Risk & Compliance and the product areas Support due diligence on Delivery Partners and risk analysis of investment proposals, including portfolio

analysis and assessment of financial outcomes Carry out periodic portfolio reviews and undertake risk analysis on significant portfolio movements Develop and maintain the reporting of credit & investment risks Develop, maintain and run risk and pricing models, scenario analysis and stress testing methodologies to

provide input into the setting of BBB’s overall Risk Appetite Maintain, analyse and report on Risk and Compliance team databases that monitor the performance and

characteristics of our Delivery Partner network

Knowledge and experience

Degree qualified or equivalent (ideally 2:1 or above / 3.2 GPA or above) in accounting, statistics, economics or finance

A good understanding of debt products and solutions, securitisations, portfolio analysis and modelling techniques and probability of default and loss given default models

Experience within a Risk/Credit function of a financial services company, or a ratings agency, preferably with exposure to SME financing or asset backed securitisations

Additional professional qualifications (FRM, CFA, CISI Diploma, IMC, ACA, ACCA or CIMA), a relevant Master’s degree or formal risk/credit training would be beneficial though not a prerequisite.

Strong technical knowledge of MS office suite, particularly Excel. Working knowledge and experience of VBA would be beneficial

Internal and external stakeholders

Internal stakeholders will predominantly be the product areas and the Investment/Risk Committees. Role holder will also be expected to liaise with other central functions including Finance, Legal and Strategy External stakeholders – shareholder, delivery partners, relevant professional agencies

Key competencies/behaviours

Good written and oral communication skills An analytical mindset with a practical approach to problem solving Possesses strong financial analysis and risk reporting skills Works well under pressure with ability to manage multiple competing tasks Ability to build productive working relationships quickly, and use these to manage workstreams effectively. Capable of demonstrating judgment and decision making

Qualifications

Required for the role

Degree qualified or equivalent (ideally 2:1 or above / 3.2 GPA or above) in accounting, business studies, economics or finance

Proficient user of Microsoft Office Suite, particularly Excel

Additional / desirable

FRM, CFA or other professional qualification Pyramid Analytics Microsoft PowerPivot VBA Xactium

Is this a regulated role? No