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Manager – Capital Management

Apply now Job no: 077889
Work type: Permanent Full Time
Location: England, Remote - work from anywhere within the UK, Scotland
Categories: Financial Management, Treasury

Business Unit: Group Finance , Capital Management  
Salary range: £49,600 - £62,000 depending on experience + red hot benefits
Location: UK Flexible
Contract Type: Permanent 

Give your career some extra oomph   

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

Reporting into the Senior Manager, Capital Analysis, 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'll 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 remains sufficient, and stress testing impacts are understood and embedded through the business. 

This role in a nutshell:   

Input to the ICAAP processes including:   

  • Take an active role in coordinating and delivering the Group’s ICAAP.  
  • Collaborating with stakeholders across the business to ensure assessments and outputs are appropriate and clearly understood. 
  • Delivery of the Capital Management owned ICAAP activities and analysis.  
  • Supporting the production of ICAAP documentation and committee materials.  
  • Contributing to the development and production of ICAAP stress testing, including scenario expansion and Reverse Stress Test.  

Input into Bank of England stress testing processes including:   

  • Leading the production of capital results and analysis. 
  • Engagement with stakeholders to ensure that stress testing inputs and outputs are consistent and well understood. 
  • Contributing towards the capital elements of Stress Testing Committee and Asset & Liability Committee papers.  
  • Assisting with completion of structured data and ‘basis of prep’ submissions. 

Support broader capital management activities including:  

  • Input into capital risk management processes, including risk appetite.  
  • Interpreting regulatory impacts (e.g. PRA / FPC) on the Group’s capital position.  
  • Supporting the development of capital forecasting and analysis tools and adherence with internal policies.   
  • Assisting with the formation of capital methodologies to measure capital allocation and returns by franchise, including stressed capital impacts.  
  • Produce bespoke capital analysis and identify appropriate forecast assumptions where appropriate.  
  • Provide timely advice and guidance to stakeholders on the capital related impacts of strategic business proposals and decisions.  

To be successful for this role you’ll have…  

  • Experience in a capital management related function (reporting, risk management, ICAAP, stress testing), from a first line or Prudential Risk/Oversight background.  
  • A good understanding of the UK prudential framework and the ability to interpret and assess the impacts of regulatory change. 
  • Strong communication skills and the ability to communicate complex topics in verbal and written forms. 
  • Demonstrated the ability to undertake complex analysis and problem-solving activities with limited support.  
  • Excellent interpersonal skills, the ability to build relationships and influence stakeholders across the business. 
  • Deep understanding of MS Office suite. 

We’d love you to have: 

  • An appropriate qualification in Accounting or Treasury (e.g. ACA, CA, ACCA, CIMA, CertBALM etc.).  

Just to flag

Not sure you’ve all the skills? That's okay – still apply as we value passion and potential so tell us why you’d be great in your application.

Red Hot Rewards

  • Generous holidays - 38.5 days annual leave (including bank holidays and prorated if part-time)​ plus the option to buy more
  • Up to five extra paid well-being days per year​ 
  • 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt 
  • Market-leading pension and free private medical cover
  • Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness 
  • Ability to work anywhere in the UK​ (where the role allows) 

And there's no waiting around, you'll enjoy these benefits from day one.

Feeling insatiably curious about this role? Apply as soon as you can. If we’re lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.

We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.

Say hello to Virgin Money
We’re making great strides towards achieving our ambition of becoming the UK’s best digital bank.  As a full-service digital bank with a heritage stretching back over 180 years, we`re a workforce to be reckoned with.  We're putting the full power of our experience behind disruptive ideas that reinvent the role a bank plays in people's lives. We strive to create positive experiences for our millions of customers and our purpose, ‘Making You Happier About Money’, underpins everything we do. We believe in doing banking differently, innovating and working together to make a real difference. Join us and Live a Life More Virgin that empowers you with choice and flexibility in how you work.

Be yourself at Virgin Money
Our purpose is to make people happier about money, this means seeing and feeling the world as our customers do by creating a workforce that reflects the rich diversity of our customers and communities.  We’re committed to creating an inclusive culture where colleagues feel safe and inspired to contribute, speak up and be heard.  

As a Disability Confident Leader, we're committed to removing any obstacles to inclusion.  If you need any reasonable adjustments or support making your application, contact our Talent Acquisition team

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'll need you to confirm you have the right to work in the UK.

If you're successful in securing a role with us, there are some checks you need to complete before starting. These include credit and criminal record checks and three years' worth of satisfactory references. If the role is part of the Senior Manager Regime and Certification Regime, it requires enhanced pre-employment checks – we'll ask for six years of regulatory references, and once in the role, you'll be subject to periodic employment checks. 

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Applications close: GMT Daylight Time

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