BSM Senior Manager - Market Risk

At Principality, we want you to feel welcome from the moment you join us. You’ll be part of a friendly, supportive culture where people are encouraged to be themselves, do meaningful work and feel connected to our purpose, our customers and the communities we serve.

📍Cardiff | 🏢Hybrid | ⏰35 hours per week | 💷 £70,000 - £80,000

BSM Senior Manager – Market Risk 

Finance | Balance Sheet Management 

We're looking for a highly experienced BSM Senior Manager – Market Risk to play a key role in shaping and delivering our balance sheet strategy. As a recognised subject matter expert, you will drive safe and sustainable growth by optimising balance sheet performance while ensuring robust management of interest rate risk and wider market risks. 

This is a high-impact leadership position, providing strategic insight to senior stakeholders and helping the business navigate an evolving regulatory, economic, and market environment. 

Working closely with the Head of Balance Sheet Management, you will: 

• Lead the Society's approach to Interest Rate Risk in the Banking Book (IRRBB).  
• Influence strategic balance sheet decisions through market, economic and regulatory insight.  
• Drive the development of market risk frameworks, governance and risk appetite.  
• Deliver stress testing, forecasting and scenario analysis to support effective risk management.  
• Provide clear, insightful reporting to senior leadership and governance committees.  
• Ensure compliance with regulatory reporting and disclosure requirements.  
• Work closely with Treasury, Finance, Product and Risk teams to optimise balance sheet performance.
• Lead strategic projects that enhance resilience, improve risk management and support business growth. 

What we’re looking for:  

• Strong experience in a Treasury, Finance, Risk, or Balance Sheet Management leadership role 
• Deep expertise in Market Risk and Interest Rate Risk Management within a banking or building society environment 
• Excellent understanding of balance sheet dynamics, ALM techniques, and financial markets 
• Strong knowledge of regulatory expectations relating to market risk and IRRBB 
• Proven ability to influence senior stakeholders and communicate complex issues clearly 
• Highly developed analytical and problem-solving skills 
• A proactive leader with strong ownership, initiative, and a passion for continuous improvement 

Qualifications

• Degree educated (or equivalent) 
• Relevant Finance, Treasury, Risk, or professional qualification (desirable) 

Why join us?

This is a unique opportunity to take a leading role in the management of market risk within a purpose-led organisation. You'll have the opportunity to influence strategic decision-making at the highest levels, work alongside experienced leaders, and shape the future direction of Balance Sheet Management. If you're looking for a role where you can combine technical expertise, leadership, and commercial impact, we'd love to hear from you.

What you can look forward to:

A place to belong with an award-winning employer that values inclusion and wellbeing:

• Flexible working – a hybrid approach with at least 8 days per month in the office.
• Collaborative culture – an encouraging environment where your ideas can make a real impact.
• Great benefits – supporting your physical, mental and financial wellbeing.

To hear more about working at Principality and our Benefits package, read all about us on or our Careers Page - What we offer | Careers | Principality and LinkedIn- Principality Building Society: Posts | LinkedIn