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Job Details

Salary: Competitive, plus excellent benefits
Contract: Permanent

Hours: 37.5 hours per week, Mon - Fri 09:00 - 17:30
Location: Crawley, West Sussex
Closing date: 21st January 2020

Many of our staff at Virgin work flexibly and in many different ways, including part-time, different core hours or remote working. Please talk to us at your application or interview stage about the flexibility you need. We can’t promise to give you exactly what you want, but we are happy to explore what’s possible for the role.

In a nutshell

We are on an exciting journey to create the Most Loved Travel Company and are building a fantastic team to help make our ambition a reality.

The Risk Manager role sits in the Treasury team, within the Corporate Finance department. The role will cover all areas of Financial Risk Management. In particular, the individual will be responsible for proposing and developing fuel price risk, foreign exchange risk and interest rate risk strategies, to be applied under a range of potential market scenarios

They will be responsible for identifying and sensitising underlying exposures against a range of market conditions and hedging strategies

They will also be responsible for the execution of hedging contracts in line with Board approved Policy/Strategy, which would involve working closely with hedging counterparties, feeding back on pricing/performance and managing credit lines

The performance of the above will be determined through KPI reporting and a key enabler of this will be for the candidate to benchmark performance against market and plan targets

Day to day

Calculation and monitoring of Fuel, FX and Interest rate exposures and the inter-relationship between these

Development and execution of hedging strategies appropriate for the business

Validating Mark to Market calculations and Margin Calls

Providing reports and commentary on market movements as required

Contributing towards appropriate performance measures

Determining cash flow and P&L at risk

Calculation of natural hedges / risk offsets across the business and monitor the efficiency of these

Managing revaluation risk and IFRS16 exposures

Producing weekly reporting pack to review the prior week hedging activity and to propose hedging strategy going forward

Proactively ensuring they remain within compliance and risk appetite parameters. Demonstrating an understanding of the importance of managing counterparty risk

About you

Are you a great teammate with the ability to work to challenging deadlines in a dynamic environment whilst maintaining quality outputs?

This is a critical role within our organisation where you will be required to work to a high level of accuracy and impeccable attention to detail, with the ability to simplify complex commercial and financial problems and solutions into succinct presentations and narrative.

We are looking for candidates who have experience of working with financial derivatives, ideally across a number of asset classes, calculating exposures, utilising natural hedges and running sensitivity analysis.

You will need to have a strong understanding of a range of deal structures and trading strategies and the times when different strategies would be appropriate to an organisation.

You will also need to have a strong accounting background and understanding of balance sheet revaluation, IFRS16 and hedge accounting

Drawing on strategic, critical thinking and a range of different analytical skills, and being highly proficient in Excel, PowerPoint and Word, you must be able to successfully demonstrate how your input has resulted in business benefits. You will have the ability to interrogate large sets of data and develop accurate and usable financial models.

Ideally you'll be educated to degree level or equivalent and will be qualified or studying for a qualification in Finance/Accounting and/or Treasury.

We need someone who is intellectually curious, with a collaborative and dependable approach, who always works in the interest of the team and company, and has exceptional drive and energy. If you believe you have the relevant skills and are creative and resourceful in problem solving, in an environment that can be pressurised, we would like to hear from you.
The perks

We recognise the value you add to our dynamic company. That's why we give our people the rewards that they deserve. We have a whole host of benefits to help you enjoy life to the full, including up to seven flights a year to a wide range of fabulous Virgin Atlantic destinations. Of course, you can also take advantage of discounts on our amazing Virgin Holidays hotels. We also offer a competitive benefits package including pension and private medical schemes and life assurance. You can even self-select what’s important to you through our benefits portal. We appreciate that life is busy, so when operationally possible, remote working is available.

Be Yourself - Our Differences make us stronger

Virgin Atlantic and Virgin holidays are committed equal opportunities employers and positively encourage applications from suitably qualified and eligible applicants regardless of sex, race, disability, age, sexual orientation, gender reassignment, religion or belief, marital status, pregnancy and maternity. Diversity brings strength which is why we strive to provide an inclusive environment where individuality is celebrated, and we can unleash the potential of our forward-thinking mix of people.

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