Senior Treasury Analyst – Product Risk

This is a varied role working at the heart of Nationwide’s Treasury reporting function. Working as part of the liquidity, credit and Product Risk (LPC) team, you’ll be responsible for producing and reviewing current reporting as well as being involved in the development and testing of new reports and improving the efficiency of processes for existing reports, with a predominant focus on Product Risk reporting.

Current reporting responsibilities of the role include internal reporting, ensuring that Nationwide manages interest rate risk effectively. The team also works collaboratively to undertake tasks outside of the Product Risk team, giving exposure to other deliverables within LPC. You’ll also have regular interaction with our Framework & Policy, Market Risk, Derivatives and Treasury Finance teams, as well as all retail business areas, so you’ll need to develop and maintain strong relationships.

At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.

For this job you'll spend at least two days per week, or if part time you'll spend 40% of your working time, at one of our Swindon or London offices. If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here.

If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.

What you’ll be doing

Working in the LPC team, you’ll be responsible for producing and reviewing Product Risk reporting, which is used to mitigate interest rate risk generated within the Society. As part of this, you’ll work closely with retail business areas (e.g. mortgages and savings) as well as with multiple Treasury and Finance teams to understand current and future business expectations, making sure we continue to hedge risks effectively.

You’ll need to develop and maintain strong relationships, both within and outside of the team, to support your wider understanding of the expected impacts that business decisions have on interest rate risk and subsequent reporting.

As your capability develops, you’ll be involved in more technical hedging/reporting, along with wider LPC team reporting. There will also be the expectation for you to lead on process improvements and change related activities.

In short, this role represents a fantastic opportunity to work at the heart of Nationwide’s Treasury department, close to financial markets. The role would suit someone that enjoys being challenged and has natural curiosity.

About you

As a minimum you’ll have:

• A good track record of reporting in a finance or treasury environment
• Strong analytical abilities and a proven track record of working with reports, in order to quickly recognise any discrepancies or improvement points.
• Advanced Excel/VBA skills
• An organised individual who can reprioritise various workstreams at short notice.
• Experience of liaising with various stakeholders and teams.
• Experience of delivering change or automation in a reporting environment.

It would be nice if you have:

• SAS knowledge.
• An accounting or treasury professional qualification.
• Experience of interest rate risk management.

Our Customer First behaviours are all about putting customers and members at the heart of how we work together. You can strengthen your application by showing the behaviours that resonate with you, and how you might have already demonstrated these.

• Say it straight - This is about being honest and direct with good intent and saying what needs to be said in the room. It’s also about being clear, precise, and using language that we and, importantly, our customers and members can understand.
• Push for better - This is about aiming high and constantly looking for better in how we work together and serve our customers and members.
• Get it done - This is about prioritising what will have the greatest impact, being decisive and taking accountability for delivering on the end-to-end outcome.

We know applying for jobs can sometimes feel like you’re sending an application into a black hole. We review each application individually. So, it’s a good idea to call out your most relevant experience on your application to give yourself the best chance.

The extras you’ll get

There are all sorts of employee benefits available at Nationwide, including:

• A personal pension – if you put in 7% of your salary, we’ll top up by a further 16%
• Up to 2 days of paid volunteering a year
• Life assurance worth 8x your salary
• A great selection of additional benefits through our salary sacrifice scheme
• Access to an annual performance related bonus
• Access to training to help you develop and progress your career
• Gympass – Access to a range of free and paid options for health and wellness.
• 25 days holiday, pro rata

What makes us different

Nationwide is the world’s largest building society. With over 15 million customers, we have a relationship with almost a quarter of the UK’s population. We’ve got the scale to compete with the big banks, but we’re not a bank.

As a building society, we’re owned by our members – that’s our customers who have their current account, mortgage or savings with us. It means we can do things differently to deliver our Purpose – Banking – but fairer, more rewarding, and for the good of society.

When you work at Nationwide, you can experience that difference for yourself. You’ll be part of a high-performing, purpose-driven organisation that offers rewarding career experiences and a highly competitive range of benefits to match. You’ll also be joining us at an important time as we seek to reach more and more people in the UK. We want everyone in the UK to know that they don’t have to bank with a bank. They can choose a modern mutual instead.

What to do next

We respond to everyone, and so we will be in contact shortly after the closing date to let you know the outcome of your application.

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