Vernon Building Society
Prudential & Credit Risk Manager
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Prudential & Credit Risk Manager
Prudential & Credit Risk Manager
Based: Stockport, SK1 1HF
Employment Type: Permanent, Full-time
Salary Band: D
Salary: £70,000 per annum (Mid-Market 80%-120% range depending on skills and experience)
- full employee benefits
About the Role
We are an exciting organisation with over 100 years of heritage and significant recent investment, focused on growth, modernisation, and fostering an exceptional colleague experience.
Job Title: Prudential & Credit Risk Manager
We are looking for a Prudential & Credit Risk Manager to join our team at Head Office.
Following the successful probationary period, this position will transition into a hybrid role working:
- 3 days per week on-site in Stockport
- 2 days per week from home
Role Summary
This role involves second-line oversight, challenge, and assurance across prudential and credit risks, ensuring:
- The Society remains financially resilient
- It remains well-capitalised
- Compliance with regulatory expectations
The role supports the Chief Risk Officer (CRO) in maintaining a robust risk management framework while facilitating sustainable growth and member value.
Responsibilities
(Detailed expectations will follow from the requirements and operation of the role)
Desirable Skills and Experience
The ideal candidate should have:
-
Sector-specific experience in:
- Building Society
- Mutual sector
- Smaller banks
- Specialist mortgage lenders
-
Strong understanding of:
- Capital adequacy
- Net interest margin (NIM) pressures
- Retail funding stickiness
- Mutual resolution and going concern (MREL) rules
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Ability to interpret regulatory expectations effectively
-
Analytical and stress testing skills primed for complex financial risks
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In-depth knowledge of:
- PRA prudential requirements
- ICAAP (Internal Capital Adequacy Assessment Process)
- ILAAP (Internal Liquidity Adequacy Assessment Process)
- Recovery planning
- Solvent exit planning
- Capital and liquidity risk
-
Specialized mortgage portfolio credit risk aware of:
- Concentration risk (size, LTI, LTV, IO)
- Arrears and portfolio monitoring
-
Experience in reviewing/challenging regulatory returns, management information, risk appetite metrics, or Board/Committee risk reporting
-
Second-line oversight and assurance expertise
-
Advanced Excel skills, including:
- Analysis of large data sets
- Intuitive use of formulas
- Pivot tables and charts
- Clear risk management information (MI) production for reporting
-
Strong time management and self-motivation, capable of balancing multiple short and long-term projects
Package and Benefits
Salary:
£70,000 per annum (Mid-Market 80%-120% range)
Comprehensive Benefits Package:
-
Pension scheme (7.5% employer contributions, increasing to 10% after 2 years) after the mandatory 13-week postponement period following pension auto-enrolment criteria
-
Salary exchange for pensions arrangement
-
4 × salary death-in-service benefit
-
Holiday entitlement:
- 25 days (plus statutory bank holidays)
- Increases to 27 days after 2 years
-
Special allowance days:
- Birthday holiday
- 2 days paid volunteering days
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Employee well-being support:
- Health Cash-Plan
- Healthcare Insurance
- Cycle-to-work scheme
- Employee Assistance Programme (EAP)
-
Additional perks:
- Retail discounts package
How to Apply
If you wish to join a commitment-driven organisation that prioritizes its customers, community, and employees, and you are driven to succeed, send your CV to:
Closing Date:
Applications close on Friday, 24th July 2026.
Note: The Society reserves the right to close earlier in the event of high application volumes.
Data and Privacy Information
Under General Data Protection Regulations (GDPR), please be aware of how we process personal data when you register your interest with us. For full details on collected data and purposes, visit our recruitment privacy notice at www.thevernon.co.uk.
Data Retention:
- Your personal data will be kept on file for 12 months, unless requested otherwise.
- After this period, your data will be erased.
- You reserve the right to withdraw consent at any time, please do so by email or in writing.
Equal Opportunities Statement
Vernon Building Society is committed to promoting equal opportunities in employment. Our commitment ensures every applicant receives equal treatment regardless of:
- Age
- Disability
- Gender reassignment
- Marital/civil partner status
- Pregnancy or maternity
- Race, colour, nationality, or ethnic/or national origin
- Religion or belief
- Sex
- Sexual orientation (Protected Characteristics under UK law)
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