Senior Manager - Financial Risk
Location: Hybrid
Hours: 35 - Talk to us about Flexible Working
Salary: Up to £90K
Contract Type: Full-Time, Permanent
Closing Date: 08 March 2026
Contract Duration: Permanent
Senior Manager - Financial Risk
BELONG – There’s no place like Principality
At Principality, belonging isn’t just a value — it’s how we work. When you join us, you’re welcomed into a supportive, inclusive community where your home life, wellbeing, and individuality are genuinely respected. From flexible ways of working to benefits designed around you, we’re committed to helping you feel comfortable, valued, and able to thrive.
We believe great work happens when people feel connected — to each other, to our purpose, and to the communities we serve. That’s why we encourage balance, invest in wellbeing, and focus on growing and improving together.
Why join us?
There are plenty of reasons to build your career with Principality:
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Flexible hybrid working – Our award-winning approach gives you the flexibility to work from home and from the office. Collaboration matters to us, so you’ll spend at least 8 days per month based in our Cardiff office.
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A truly inclusive workplace – Proudly named in the 2025 Inclusive Top 50 UK Employers List, ranked 27th, recognising our ongoing commitment to inclusion and belonging.
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Customer excellence you can be proud of – Winners of Double Gold Awards for Customer Satisfaction at the Fairer Finance Awards 2025 for both Savings and Mortgages.
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Engaged, supported colleagues – Our colleague engagement scores consistently exceed 85%, reflecting a positive and supportive culture.
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Wellbeing at the heart of what we do – Our Belong benefits package is designed to put our people first, supporting your physical, mental, and financial wellbeing.
These achievements reflect more than awards — they represent our long-term commitment to creating a workplace where colleagues feel supported and customers feel cared for.
When it comes to belonging, there truly is no place like Principality.
Are you an experienced financial risk professional ready to shape the future of risk oversight within a major UK building society? We’re looking for a Senior Manager – Financial Risk to lead second‑line oversight across Capital, Liquidity & Funding, Market Risk and broader ALM activities. This is a high‑impact role influencing strategic decisions, regulatory submissions and the Society’s overall financial resilience.
About the Role
In this role, you will lead a small team providing independent, robust oversight of the Society’s financial risk profile. Acting as a subject matter expert, you’ll review and challenge first‑line in managing, monitoring, reporting and modelling of financial risks to ensure that they are well‑managed as per regulatory expectations and best practice.
You will also play a pivotal role in shaping and challenging the Society’s strategic use of capital, liquidity and funding resources—ensuring the business remains safe, resilient and future‑focused.
Key Responsibilities:
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Lead second‑line oversight across Capital, Liquidity & Funding, Market Risk and ALM initiatives.
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Provide expert challenge to first‑line activities, including models, risk assessments, policies, procedures and risk appetite statements.
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Oversee the review and challenge of the Society’s key regulatory submissions such as ICAAP, ILAAP and RRP.
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Support and provide assurance through the Model Risk Management Framework, ensuring model reviews are completed to schedule and governance standards are met.
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Review high‑impact regulatory returns to ensure accuracy and appropriateness of key assumptions, interpretations and judgements.
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Provide oversight of Financial Planning, including challenge to the Medium Term Plan, budget and earnings risk assessments.
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Build and maintain strong relationships across Finance, Treasury and senior stakeholders, contributing independent opinion to executive and Board committees.
What we’re looking for:
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Deep expertise in Capital, Liquidity & Funding, Market Risk, and ALM practices.
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Extensive experience developing or reviewing ICAAP, ILAAP, RRP and Stress Testing.
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Strong understanding of Treasury functions, financial modelling, and the regulatory landscape.
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Experience operating at management level within financial services—ideally banking—with some people leadership exposure.
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Ability to influence senior leaders and present confidently at Board and Executive level.
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Strategic thinker with strong analytical skills, able to challenge constructively and independently.
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Degree educated, with a professional qualification in Treasury or Risk Management (desirable).
Why Join Us?
This is a role that offers significant exposure across the organisation, influencing key decisions that shape the Society’s long‑term stability. You’ll work in an environment that values independent thinking, collaboration, and professional expertise—while leading a small, high‑performing team.
If you're looking for a role where your insight and judgement will have real organisational impact, we’d love to hear from you.
We reserve the right to close this vacancy early should we receive a high volume of applications.
If you have any questions in relation to this role, please contact the recruitment team at -recruitment@principality.co.uk
‘’We are passionate about creating an inclusive workplace where diversity is celebrated and where colleagues feel a sense of belonging’’ Nigel Taylor – Head of Brand, Impact & Communication. But don’t just take our word for it, see what our colleagues say about working here too; Careers (principality.co.uk)
Read all about us - Principality Building Society: Posts | LinkedIn
