Treasury Consultant - Product Risk

This is a varied and fast paced role, working at the heart of Nationwide’s Treasury reporting and forecasting function. You’ll be primarily responsible for supporting the Product Risk part of the wider Liquidity, Product and Credit risk reporting team. Managing a small workforce, you’ll be comfortable analysing and understanding data to ensure reporting is delivered on time and to a high standard. Further to this, you’ll oversee and be directly involved in implementing change, providing valued information to help the business make decisions in managing interest rate risk. Involvement in the other parts of the wider team will also be expected, giving great breadth of exposure to multiple treasury risk disciplines.

Current responsibilities of the team include engaging with stakeholders across treasury functions and retail business areas to manage interest rate risk. As part of this, the team will produce daily, weekly, monthly and quarterly internal reporting, presenting to senior stakeholders, as well as implementing change with quick turnarounds. The team also support on assurance activity including engagement with auditors as part of annual reporting and accounts.

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 either 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

You will primarily be on point to ensure the team deliver all internal reporting on time and with accuracy, reviewing the outputs and driving the change and efficiency agenda. Engaging with stakeholders and presenting in forums and committees is also a key part of the role.  You’ll have exposure to senior management and will help shape and influence the agenda to ensure Nationwide continues to manage risk effectively.

Examples of reporting activities produced to define hedging activity is as follows:

• Retail: Owner-occupied and Buy-to-Let mortgages, Personal Loans, Savings, Business Savings.
• Treasury: Structural hedges.

Given the team directly defines significant volumes of interest rate risk that our Treasury Front Office function manages, you’ll be using your attention to detail to ensure our hedging reporting is accurately and efficiently produced.

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 stakeholder engagement is key to the role.

About you

As a minimum requirement you’ll need to have:

• A treasury or accounting background, ideally involving interest rate risk management.
• Excellent leadership skills with a proven track record in prioritising and delivering outstanding results through a team.
• Strong analytical skills with an ability to review highly technical reporting to identify anomalies and discrepancies.
• A proven track record in managing and maintaining robust control and governance processes while balancing this with the efficiency and process improvement agenda.

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
• Gympass – Access to a range of free and paid options for health and wellness.
• Access to an annual performance related bonus
• Access to training to help you develop and progress your career
• 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

If this role is for you, please click the ‘Apply Now’ button. You’ll need to attach your up to date CV and answer a few quick questions for us.

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

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