Application Deadline: 10 October 2025

6M Maternity Cover with possible 6M extension

Hybrid Working Pattern - 3 days in Office & 2 WFH

About us

Cynergy Bank is the UK’s human digital bank serving the needs of ‘scale up’ or medium sized and fast-growing SMEs; professionals; high net worth and mass affluent individuals, in essence those market segments that still value human service enabled by great technology.

We recognise that professional and personal lives often overlap and our mission is to help empower our customers to achieve their ambitions by serving all their interdependent banking needs. We provide a comprehensive range of digitally enabled products and services to meet the property finance, business and commercial banking, private banking and personal savings needs of our customers.

Our human and digital model transforms banking for customers who still value a face-to-face relationship that is enabled by the latest digital technology.

We partner with firms such as Google Cloud, Cigniti and Slalom as we continue to innovate in the human digital space.

Cynergy Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Eligible deposits with Cynergy Bank plc are protected by the UK Financial Services Compensation Scheme.

For more information on Cynergy Bank visit www.cynergybank.co.uk

The Role:

The Financial Risk Manager will be instrumental in shaping and executing the bank’s financial risk framework, focusing on Expected Credit Loss (ECL) management, capital allocation, balance sheet risk, risk-adjusted return analysis, ICAAP modelling, capital concentration risk, and new product development. This role requires deep technical expertise, strategic insight, and strong collaboration across Treasury, Finance, Credit, and business functions to safeguard the bank’s financial health and support sustainable growth.

Responsibilities:

Expected Credit Loss (ECL) Management

• Lead and oversee the IFRS 9 ECL calculation and reporting process, ensuring regulatory compliance and accuracy.
• Manage credit risk model development, validation, recalibration (PD, LGD, EAD), and documentation.
• Provide clear analytical insights to senior management and the Board on portfolio quality and impairment trends.
• Collaborate with Finance and Risk to align ECL provisioning with credit policies and risk appetite

Capital Allocation & Balance Sheet Management

• Support capital allocation frameworks to optimize risk-adjusted returns across portfolios and business lines.
• Monitor and report on capital adequacy, RWA, and regulatory capital ratios; recommend opportunities to enhance capital efficiency.
• Ensure effective balance sheet management, including liquidity forecasting, funding strategies, and risk mitigation through hedging.
• Maintain compliance with regulatory liquidity and leverage requirements (LCR, NSFR, leverage ratio).

ICAAP Modelling & Stress Testing

• Lead or significantly contribute to the development and maintenance of ICAAP models, including stress testing and scenario analysis.
• Ensure ICAAP submissions accurately reflect the institution’s risk profile, capital needs, and forward-looking risk management strategies.
• Work with Risk and Finance teams to integrate ICAAP insights into capital planning and business decision-making.

Capital Concentration Risk

• Identify, analyse, and monitor capital concentration risks across client exposures, sectors, and counterparties.
• Develop tools and frameworks to assess the impact of concentration risk on capital requirements and economic capital models.
• Collaborate with credit risk and portfolio management teams to mitigate concentration risks and inform strategic portfolio decisions.
• Risk-Adjusted Returns Analysis
• Build and maintain frameworks for calculating risk-adjusted return measures such as RAROC across products and portfolios.
• Support evaluation of new and existing business opportunities considering capital consumption and risk-return trade-offs.
• Provide actionable reporting and insights to senior management to guide strategy and performance optimization.

New Product Development & Financial Risk Advisory

• Partner with product, credit, and business teams to evaluate the risk, capital, and financial implications of new product proposals.
• Conduct risk assessments, sensitivity analyses, and pricing support for innovative products and lending initiatives.
• Ensure new products comply with approved risk appetite, regulatory capital standards, and recovery/resolvability plans.

Annual Accounts & Audit

• Serve as the primary point of contact for external auditors during the annual accounts process, providing detailed explanations on provisioning methodologies and portfolio risk assessments.
• Prepare and present comprehensive documentation supporting Expected Credit Loss (ECL) provisions and associated management judgments.
• Address auditor queries on asset quality, portfolio segmentation, and movements in credit risk provisions, ensuring transparency and alignment with accounting standards.
• Collaborate with Finance and Risk teams to ensure consistency between internal portfolio reporting and external financial disclosures.

Liquidity Risk

• Monitor and manage the High-Quality Liquid Assets (HQLA) portfolio to ensure compliance with LCR and regulatory requirements.
• Conduct liquidity stress testing and forecast funding needs to identify potential liquidity gaps.
• Develop and maintain contingency funding plans and alternative liquidity sources.
• Collaborate closely with Treasury and Risk teams to align liquidity strategies and reporting.
• Prepare regular liquidity reports for senior management and regulatory reviews.

ENABLE Guarantee Support for NBFI Sector Funding

• Leverage the ENABLE Guarantee to enhance credit protection and mitigate risks in financing Non-Bank Financial Institutions (NBFIs), strengthening loan portfolio quality.
• Utilize the guarantee to improve capital efficiency by reducing risk-weighted assets associated with NBFI exposures under structured finance transactions.
• Support new product development and deal structuring with ENABLE-backed credit enhancements, enabling more competitive and secure financing solutions for the NBFI sector.

Liability Dashboarding & Monitoring

• Develop and maintain real-time dashboards to monitor key liability metrics, including customer deposits, wholesale funding, interbank borrowings, and secured vs. unsecured liabilities.
• Track maturity profiles and upcoming refinancing obligations to identify concentration, rollover, and funding risks.
• Monitor liability cost trends and funding mix to support optimization of overall funding strategy and minimize interest expense.
• Integrate regulatory ratios (such as NSFR, leverage ratio) and compliance triggers into dashboard alerts for proactive risk management.
• Automate dashboard reporting for management, highlighting breaches, abnormal flows, or changes in liability composition.

Governance, Reporting & Stakeholder Engagement

• Maintain robust financial risk policies, standards, and governance consistent with PRA, FCA, and Basel requirements.
• Prepare and present comprehensive financial risk reports and capital position updates to Risk Committees, senior management, and external regulators.
• Foster collaboration with Treasury, FRM, Finance, Credit, and business units to embed risk considerations into strategic planning and operations.
• Support audits, regulatory reviews, and model validation exercises related to financial risk and capital management.

Experience & Qualifications

• Extensive experience in financial risk management in a regulated banking environment, including expertise with ECL, ICAAP, capital concentration risk, and balance sheet management.
• Strong knowledge of IFRS 9, Basel III/3.1, PRA and FCA prudential regulations, and UK financial services frameworks.
• Proven experience in quantitative risk analysis, capital planning, stress testing, and regulatory reporting.
• Experience supporting new product risk evaluation and capital allocation decisions.
• Degree in finance, economics, mathematics, or related field; advanced qualifications such as FRM, CFA, or ACT are highly desirable.

Skills & Attributes

• Exceptional analytical and financial modelling skills, with proficiency in Excel, Python, VBA, Power BI, and risk systems.
• Strong written and verbal communication, able to effectively convey complex risk and capital topics to a range of stakeholders.
• Project management capabilities to lead and deliver multiple initiatives under tight deadlines.
• Collaborative team player with a proactive mindset and a strong sense of ownership.
• High level of integrity, attention to detail, and governance discipline.