Salary: £25,000

We’ve an exciting opportunity to join the UK’s 2nd largest building society, as a Risk Graduate.

As a graduate within Financial & Enterprise Risk (FER), part of the Society’s Risk Function, you’ll play a pivotal role in the Society’s 2nd line of defence.

Over the two-year programme, you’ll get exposure across the department which will include placements in each of the various teams. The teams, and some of their key responsibilities are highlighted, some of which you would support with:

Prudential Compliance and Regulatory Liaison – Lead prudential-related horizon scanning,undertake compliance testing and monitoring activity and manage the Society’s relationship with the Prudential Regulation Authority (PRA).

Prudential Risk – Oversight of key prudential documents including the Internal Capital Adequacy Assessment Process (ICAAP), Internal Liquidity Adequacy Assessment Process (ILAAP) and the Society’s Recovery and Resolution Plans. 

Enterprise Risk and Risk Strategy – Oversight of the strategic and financial planning process. Custodian of the Society’s Enterprise Risk Management Framework (ERMF).

Model Risk and Validation – Perform validation activity against the Society’s critical model estate, including credit risk models (IRB). Custodian of the Model Risk Framework (MRF) and Model Risk Policy.

Retail Credit Risk Oversight – Undertake independent quality assurance of the Society’s mortgage lending portfolio and perform thematic reviews on segments of the portfolio.

FER are a trusted advisor and critical friend to the 1st line of defence. Our key purpose is to facilitate the business making effective risk-based decisions. The various teams are responsible for providing expert judgement, challenge and support to those with responsibility for directly managing the Society’s risks. 

As a Risk graduate you will:

  • Promote an effective risk culture through the Society
  • Assist and support first line colleagues on risk and compliance matters
  • Develop a broad understanding of risk management across the Society
  • Have the confidence to challenge processes

How will you develop?

By creating a programme that offers the chance to learn from some of the most experienced people in the industry, with continuous feedback and mentoring, we feel we can really help you develop and grow your career. You’ll also have the opportunity to enhance your core knowledge and skills in areas such as stakeholder engagement, communication and presentation delivery. The experiences and exposure you get will be varied, giving you the chance to use your own initiative but also work closely with others on numerous group projects.

You’ll be passionate about developing your career and have a positive attitude towards gaining new knowledge, skills and behaviours that are relevant to your career. You’ll need to be open and proactive in learning your job role as well as engaging in activities that require you to work as part of a team and independently.

You’ll be energised by driving your own learning and developing the necessary skills to further your career.

Our ideal candidate for this role will:

  • Have / expect to get a minimum 2:1 degree (or equivalent) in any subject in the last 3 years
  • Have a passion for business
  • Is self-aware, with the confidence to work independently and the drive to continuously improve
  • Have an inquisitive nature and be able to communicate across the business

Apply today and come and discover the way work should be.

Please be aware applications may close early so please apply as soon as possible to avoid missing out. We will be unable to accept any applications after we have closed

Coventry Building Society has grown into the second largest building society in the UK. We’re a national society, with local values and loyalty, and a caring family ethos. The best way to judge a company is based on what the people who work there say as we’re rated certified by Great Place to Work from our recent employee survey.

What makes us such a rich and progressive place to work is the huge variety of people in our teams. We value diversity, in terms of gender, race, age, faith, disability, sexual orientation but also personality and thinking style; the uniqueness you’ll bring to us we see as a real source of strength.

We are committed to promoting a diverse and inclusive community, where you can succeed as your whole self.

We also offer not only fulfilling jobs and exciting career opportunities but a place where everyone can belong and feel proud to work. As an employee, we have a great benefits package and you’re encouraged to take control of your career. We invest in our people, with regular opportunities for training and development. And later, if you’re looking for a new challenge, we actively champion internal progression. We’ve got a whole range of different ways to support you, both in your role and wider well being!


Location: Coventry-Binley Business Park

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