Financial Risk Analyst

NHBC; Milton Keynes; Hybrid; GBP 45,000 - 65,000

Job description

Overview

Financial Risk

Salary: £45,000 – £65,000 + 10% performance bonus

Working location: Nationwide, Hybrid working (Office based in Milton Keynes)

Employment type: full time, permanent

Responsibilities

Job summary:

This is an exciting opportunity for experienced professionals to join our Financial Risk team within the Risk Function at NHBC. In this role, you’ll have the chance to provide valuable insights and assurance to the Chief Risk Officer (CRO) on a broad spectrum of financial risks, ranging from insurance pricing and reserving to investment, reinsurance, and underwriting.

You’ll be integral in assessing both current and emerging risks, playing a key part in shaping NHBC’s financial risk strategy. Along with the opportunity to make a meaningful impact, we offer strong career growth and development, comprehensive benefits, and a supportive environment for continuous learning and advancement throughout your professional journey.

What you’ll be doing

As a member of the Financial Risk team within the Risk Function, the primary goal is to provide insightful perspectives and assurance to the Chief Risk Officer (CRO) on a range of financial risks (insurance pricing and reserving, investment, assets & liabilities management, reinsurance, underwriting) impacting NHBC, encompassing both current risks and emerging threats.

• Assist in delivering the financial risk strategy aligned with the holistic Enterprise Risk Management Framework, covering policies, procedures, risk appetite, stress and scenario testing, risk management information (MI), and risk governance.
• Collaborate with first-line functions to support, guide, and challenge the identification, management, and monitoring of financial risk, including areas such as credit risk and insurance risk, including pricing, reserving and reinsurance counterparty.
• Provide assurance over Financial Risk activities within the 1st line through periodic in-depth reviews, investigations, and oversight.
• Support the development, validation, monitoring and reporting of risk MI to the CRO and relevant governance bodies, and validation of the economic capital model.

What we’re looking for

• Individuals who have an investigatory mind, curious how things operate, and are proactive self-starters, demonstrating resilience, innovation, and a strong openness to change and new ideas.
• Must possess excellent analytical and problem-solving abilities, with a keen eye for detail, the ability to identify key issues, and a proven track record of developing effective solutions.
• Knowledge of market practice, relevant legislation and insurance market environment, awareness of emerging market developments.
• Individuals with a proven ability to build strong relationships, confident in presenting information and engaging effectively with all stakeholders.
• Degree in a relevant financial or risk management discipline.
• Financial Risk Management (FRM), Chartered Financial Analyst (CFA), or working towards obtaining.

Qualifications

What we offer

Our benefits package includes:

• 27 days annual leave + bank holidays
• Holiday purchase scheme
• Enhanced pension scheme (up to 10.5%)
• Life assurance
• Subsidised private medical insurance
• Employee discounts platform
• Two days volunteer leave
• Enhanced maternity, paternity, adoption leave and pay for all new parents

+ many more!

Who we are

At NHBC, we pride ourselves on being truly unique. No other organisation in our sector matches the range of services and scale we provide. As the market leader, we are recognised as the go-to for new home warranties and insurance. Our team is united by a core purpose: to raise the standards of house building and protect homeowners.

Why you should join us

As a modern, family-friendly employer, we’re in a phase of rapid growth, embracing technology, data and new ways of working. We’re seeking passionate, skilled and driven individuals to join us on this exciting journey.

Once onboard, you’ll have access to fantastic opportunities for personal and career growth. You’ll receive thorough training, continuous development and the chance to earn recognised qualifications and professional memberships to support your journey.

We support flexible working and encourage our colleagues to find a balance that suits them. While we may not be able to accommodate every request, we’re always happy to have a conversation about flexible working arrangements.

Our inclusive culture

We are dedicated to fostering an inclusive culture where everyone feels empowered to bring their authentic selves to work. We firmly believe in the right of all our employees and customers to be treated fairly, with dignity and respect, and free from discrimination. Our active employee networks support colleagues and their allies, providing safe spaces for open conversations and idea-sharing.