Business Unit: Finance and Treasury   
Salary range: up to circa £50,000 depending on experience 
Location: Flexible  
Contract Type: Permanent    

Give your career some extra oomph   

Virgin Money is all about disrupting the status quo, taking on the challenges of the future, and saying goodbye to boring banking. We’re on the lookout for like-minded individuals and innovators like you to help push us forward. We’re also transforming how we work to give our colleagues more choice, control and flexibility to live and work how they choose with A Life More Virgin.  

 Here’s what it means for YOU:   

• 38.5 days annual leave for all colleagues (including bank holidays and pro rata if part-time)​ 
• Up to five extra paid well-being days per year​ 
• A 35-hour working week 
• 20 weeks paid, gender neutral family leave (52 weeks in total) for expectant parents and those looking to adopt 
• Market leading Pension & Private Medical Insurance 
• Flexible benefits including Cycle to Work, Wellness & Health Assessments and Critical Illness 
• Ability to work anywhere in the UK​ (where the role allows) 

 And you get these Red-Hot Rewards from day one! 

We have an exciting opportunity for a Capital Analyst to join our Capital Management Team who are responsible for reporting our capital performance, forecasting our capital position and ensuring that we effectively manage capital risks.    

Reporting into the Senior Capital Analysis Manager, you’ll be responsible for supporting the delivery of the Internal Capital Adequacy Assessment Process (ICAAP) and the Group’s capital stress testing submissions, including the Bank of England’s concurrent stress testing. The role will also provide opportunities to assess the impacts of regulatory change, develop internal capital tools and help embed capital management and optimisation practices within the business.   

This role will give you the perfect opportunity to demonstrate great skills and role model our Values and Behaviours. You will play a critical role in Delighting our Colleagues and Regulators by producing high quality analysis, with Super Straight Forward Efficiency. It also provides an opportunity to build strong and effective working relationships with colleagues across Treasury, Finance and Risk in order to ensure the Group’s Capital is remains sufficient, and stress testing impacts are understood and embedded through the business.      

This role in a nutshell:    

Input to the ICAAP processes including:   

• Assisting in the coordination of the ICAAP.  
• Collaborating with business functions to support risk assessments.  
• Preparation of the ICAAP results and analysis.  
• Assisting with the final ICAAP documentation and committee materials.  Supporting in development and production of ICAAP stress testing, including scenario expansion and Reverse Stress Test.    

Input into Bank of England stress testing processes including:   

• Production of stress testing analysis and documentation of results.  
• Assisting with the preparation of governance papers for Stress Testing Committee and Asset & Liability Committee.  
• Assisting with completion of structured and ‘basis of prep’ data submissions.   
• Support broader capital management activities including:  
• Input into capital risk management processes, including risk appetite.  
• Understanding regulatory impacts (e.g. PRA / Basel III) on the Group’s capital position and stressed forecasts.  
• Supporting the development of capital forecasting tools and adherence with Spreadsheet Policy.   
• Assisting with the formation of capital methodologies to measure capital allocation and returns by franchise, including stressed capital impacts.  
• You’ll be required to pull together complex and often disparate information from various sources to identify key risks and provide valued advice. They will become known for the quality and value of their analysis.   

To be successful for this role you’ll have…  

• Experience in capital function (reporting, risk management, ICAAP or stress testing), within a first line or Prudential Risk/Oversight background.    
• Strong Analytical and problem-solving skills with the ability to articulate clearly to stakeholders.   
• Ability to review and assess the impacts from Regulatory updates.   
• Strong interpersonal skills capable of building a stakeholder network throughout the business.   
• Strong verbal and written communication skills. 
• Strong MS Excel and PowerPoint skills.  

We’d love you to have:   

• Have or be studying towards an appropriate qualification in Accounting or Treasury (e.g. ACA, CA, ACCA, CIMA, CertBALM etc.).  

We really need you to have the skills and experience listed in the ‘To be successful for this role you’ll have…’ section above, but the rest is just our wish list, so please don’t let that put you off applying, we’d love to hear from you!  

 Inclusion at Virgin Money 

Inclusion is at the heart of everything we do here at Virgin Money. It’s good for you, it’s good for us and it’s amazing for our customers. We know that great minds don’t think alike, so we rely on your diverse thoughts, feelings, beliefs and backgrounds to be the best we can possibly be. Got any questions about this or need some support with your application? We’d love to hear from you so get in touch with our careers team at careers@virginmoney.com. 

Now the legal bit… 

Living A Life More Virgin allows our colleagues to be based anywhere in the UK (if the role allows it) but we will need to you to confirm you have the Right to Work in the UK. 

If we offer you a job and you accept, there are some checks we need to complete before you can start with us. This will include a credit and criminal record check, as well as providing 3 years' worth of satisfactory references