Head of Liquidity Management

Phoenix

  • Location:
    Wythall
  • Salary:
    Up to £90,000

Job Description

Based Wythall, South Birmingham (B47)
Up to £90,000 + Bonus & Benefits
Permanent position
Ref: 4019

About the role
An exciting opportunity has arisen for a Head of Liquidity Management here at Phoenix and we are looking for an individual who has worked in a previous Senior Leadership role within this speciality to lead a team of finance professionals; monitoring, managing and reporting the liquidity position in the Phoenix Group Life companies (excluding unit linked and matching adjustment funds, and Reassure). 

We expect this individual to maintain the Life Co elements of the Phoenix Group Liquidity Framework and support business units in operating within the approved framework as well as identify areas to optimise the liquidity risk strategy for the benefit of policyholders and shareholders. This individual will also be responsible to ensure that liquidity risk is appropriately understood and managed within risk appetite limits at all times, alongside identifying areas to optimise the liquidity risk strategy for the benefit of policyholders and shareholders.

We also require this individual to engage proactively with key stakeholders in Lines 1,2 and 3 in the oversight of liquidity risk whilst utilising best practice methods.

This role offers growth, stretch and responsibility to the right individual to really make a difference at the Phoenix Group.

Key Responsibilities
To develop and advise on the Life Co elements of the Phoenix Group Liquidity Risk Framework taking into account the underlying features of the Phoenix Group Life Companies risk appetite and business plans. This will include the following responsibilities:

Identify all risks and ensure that these are properly measured, monitored and reported through the appropriate governance fora.
Ensure timely and accurate management information on the projected liquidity and wider tangible asset headroom is provided to key stakeholders to aide decision making.
Be the central contact for colleagues to ensure that the agreed liquidity framework is implemented, including the development and maintenance of liquidity EWIs.
Advise on corrective action to ensure that liquidity risk is maintained within risk appetite taking into account current and prospective market conditions. This includes responsibility for reporting results of liquidity stress testing, and the identification and documentation of available contingent management actions.
Keep abreast of market developments and ensure that the liquidity framework is reviewed to remain appropriate in the context of the current business plan and market conditions.
Ensure an appropriate control framework is maintained.
Other key accountabilities include:
Chair the monthly Liquidity Management Forum
Support Line 2, governance fora and regulators in their oversight of liquidity risk.
To be a member of the Contingent Funding Committee.
To build, develop and lead a team of finance professionals to manage the life companies’ liquidity position.
To comply with all Phoenix policies as necessary.
To deputise for the Head of Financial Performance as required.

Essential
Suitable post qualification experience and a strong technical Finance ability; experts in their field of expertise
Excellent written and verbal communication skills, having the ability to explain complex technical issues in a concise manner suitable for presentation at Board level
Qualified actuary or accountant with at least 5 years PQE
Proven ability to adapt in an ever-changing financial services environment
Proven track record in delivering work to an appropriate quality.
Understanding of liquidity risk and the latest regulatory requirements.

Desirable
Experience of managing teams.
Experience of regular reporting processes
Managing a range of stakeholders.

About us
Join the Phoenix Group, and you join a unique organisation. It’s not just the 10 million policyholders we serve, or the £240 billion of assets we look after. Or that we’ve been listed as one of the UK's Top Employers for seven years running. It’s the fact we manage predominantly closed life funds in our Heritage business. This means we can focus our innovative thinking and energy into improving outcomes for our existing customers and their customer experience. 

But that’s not all. We also have an Open business which manufactures and underwrites new products and policies to support people saving for their future in areas such as workplace pensions and SIPPs. We also market corporate pension trustee services and manufacture products to be sold under other brands. Did you know Phoenix Life manufactures SunLife’s market leading Guaranteed Over 50’s plan? 

Having acquired Standard Life Assurance Limited in 2018, Phoenix is now the largest consolidator of heritage life insurance funds in Europe with a vision to be Europe's Leading Life Consolidator.

N.B. When on the Phoenix Careers site, first time visitors will be asked to register before applying.
Closing date: Midnight, Thursday 3rd December 2020.

REASONABLE ADJUSTMENT:
If you have a disability we will try our best to make reasonable adjustments to remove any barriers to this post in the application / interview process due to a disability.