Senior Financial Risk Analyst

BELONG – There’s no place like Principality 

At Principality, belonging isn’t just a value — it’s how we work every day. As a colleague, you’re already part of a supportive and inclusive community where your wellbeing, individuality, and life outside of work are genuinely respected. This internal opportunity is a chance to continue your journey with us, build on your experience, and grow your career within Principality. 

We know that great work happens when people feel connected — to each other, to our purpose, and to the communities we serve. That’s why we focus on balance, invest in wellbeing, and encourage continuous learning and development across the organisation. 

Why consider this opportunity? 

This role offers an opportunity to further develop your skills and make a meaningful contribution within Principality, while continuing to benefit from the culture and ways of working you already know: 

These achievements are built by our people and reflect our shared commitment to supporting one another and delivering for our members. When it comes to belonging, there truly is no place like Principality — and this role is an opportunity to continue growing as part of it. 

We’re looking for a Senior Financial Risk Analyst to join our Financial Risk & Model Oversight team, playing a key role in protecting the long-term financial strength of Principality Building Society and supporting our strategy for sustainable growth.

This is a high‑impact second‑line role, providing independent oversight, challenge and expertise across financial risks including capital, liquidity & funding, market risk and ALM initiatives.

You’ll work closely with colleagues across Finance and Treasury, influencing decision‑making at senior and Board level while ensuring we continue to meet regulatory expectations and best practice.

Whether you're looking to deepen your technical expertise or broaden your influence across the organisation, this role offers varied work, strong exposure to senior stakeholders, and the opportunity to shape how financial risk is managed across the Society.

What you’ll be doing

In this role, you’ll:

• Provide robust second-line oversight across the Society’s key financial risks, offering independent review, challenge and expert judgement
• Lead review and challenge of major regulatory and risk documents, including ICAAP, ILAAP, Recovery & Resolution Planning and Stress Testing
• Ensuring financial risk models are reviewed, validated and governed in line with policy and agreed plans
• Review high-impact regulatory returns, ensuring assumptions, interpretations and judgements are appropriate, documented and well-governed
• Provide constructive challenge to financial planning, forecasting and medium‑term planning
• Build strong, trusted relationships with first‑line teams across Finance, Treasury and Balance Sheet Management
• Monitor the external environment, identifying emerging risks, regulatory developments and best practice, and escalating insights through governance forums
• Prepare and present clear, concise risk insights to Executive committees, supporting informed decision making

What we’re looking for

We're open to different career paths, but you’ll ideally bring:

Experience & Knowledge:

• Experience in Financial Risk or Treasury within financial services or banking
• Strong knowledge of at least one core financial risk area (capital, liquidity & funding, or market risk) and a good understanding of wider risk management techniques
• Hands‑on experience with ICAAP, ILAAP, RRP and/or stress testing
• Understanding of ALM and Treasury within a banking or building society environment
• Experience working with financial models across the model lifecycle
• Awareness of the UK regulatory landscape, macroeconomic drivers and their strategic impacts

Skills & Behaviours:

• Strong analytical and numeracy skills, with excellent attention to detail
• Confidence to provide constructive challenge and influence senior stakeholders in a constructive way
• Ability to explain complex concepts clearly to a range of audiences
• Organised and delivery‑focused, with a proactive and solutions‑oriented mindset
• Comfortable working independently while collaborating across teams
• Commercially aware, forward-thinking and able to exercise sound judgement
• Clear, confident communication skills

Qualifications:

• A professional qualification or working towards a Treasury or Risk Management is desirable but not essential

If you’re ready to influence senior decision‑making and play a key role in safeguarding the Society’s future, 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