At a Glance
- Tasks: Join us as a Prudential Risk Manager to assess and manage financial stability risks.
- Company: Castle Trust Bank is a fintech challenger bank offering property mortgages and retail finance since 2020.
- Benefits: Enjoy a competitive salary, performance bonuses, generous leave, and wellness benefits including healthcare support.
- Why this job: Be part of a dynamic team shaping the future of banking with a focus on innovation and inclusivity.
- Qualifications: Proven experience in financial institutions with knowledge of UK/EU banking regulations and risk management tools required.
- Other info: Hybrid work model: 3 days in London office, 2 days remote; commitment to diversity and inclusion.
The predicted salary is between 43200 - 72000 £ per year.
The opportunity
We have an opportunity for a Prudential Risk Manager to join us on the exciting and rewarding path we are taking here at Castle Trust Bank. Having become a fully authorised bank in 2020, we pride ourselves in being a fintech challenger bank, providing specialist property mortgages, retail finance lending and savings accounts to a variety of customers.
Joining our Finance function, you will assess and manage risks related to Castle Trust Bank’s financial stability by analysing capital adequacy, risk appetite, and regulatory compliance. Responsibilities will include monitoring Prudential rule changes (e.g., Basel 3.1), executing the ICAAP, RRP, Solvent Wind Down, ILAAP, and LCP, and supporting regulatory interpretations. You will also coordinate self-assessments, present at the Accounting Policy & Regulatory Reporting Committee, and develop prudential risk management strategies.
You will collaborate with teams such as Regulatory Reporting, Finance, Treasury, and Risk in supporting capital and liquidity planning. You will provide expertise on prudential risks (credit, market, liquidity, operational) and prepare risk MI for the Risk Forum and Board Risk Committee. Additionally, you will coordinate the annual refresh and publication of Pillar 3 disclosures.
This role involves advising on prudential risk management best practices, performing horizon scanning for regulatory changes, supporting the development of reporting systems, and ensuring effective implementation of regulatory changes by the Regulatory Reporting team.
The role will be on a hybrid working arrangement, 3 days a week from our London office and the rest of the week from home.
What we are looking for in you…
What is important to us is that you have proven experience working in a financial institution, consultancy or bank with a track record of delivering prudential regulatory reporting (ICAAP, ILAAP, LCP and Recovery Plan) for a regulated banking or credit institution, operating under pressure and to tight deadlines. You will have in-depth knowledge of European and UK banking regulation and a keen interest in emerging regulatory developments, in addition to regulatory requirements and guidelines related to prudential risk management (Basel III). You will be proficient in the use of risk management tools, with a willingness to change and improve processes and procedures.
What is also important is that you have excellent written and verbal communication skills with the ability to communicate effectively at all levels. Considering the nature of the role, you will possess excellent data analytical and problem-solving skills with the ability to pay meticulous attention to detail.
What’s in it for you…
As well as a competitive salary, we offer an annual performance related bonus (up to 10% of base salary) based on individual and company performance. In addition, a generous contributory pension scheme through Hargreaves Lansdown, life assurance, 25 days annual leave (plus bank holidays on top) with the option to buy/sell up to 5 additional days (terms apply). In addition, you will receive an extra day paid annual leave for Volunteering.
Wellbeing is also high on our agenda, and we offer healthcare benefits through Equipsme. In addition, all colleagues have free access to TELUS Health EAP to support their health and wellbeing. We also offer free eye test vouchers and discounted gym membership, and if that’s not enough, we also offer season ticket travel loans (if applicable).
Caught your attention? If so, we’d love to talk to you and tell you more about what it’s like to work at Castle Trust Bank – The Place To Work!
Castle Trust Bank is an equal opportunity employer where we celebrate diversity and are committed to creating an inclusive environment for all our colleagues to thrive. We welcome applications from all and will not discriminate against any status/characteristic protected by law and will always base our decisions on merit.
We are proud to support people with disabilities and are committed to be a Disability Confident employer. If you are a person with a disability and meet the minimum criteria for the role you will be offered an interview. Should you require any reasonable adjustment to support you in your application for one of our opportunities, please contact
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Prudential Risk Manager employer: Griffin Fire
Contact Detail:
Griffin Fire Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Prudential Risk Manager
✨Tip Number 1
Familiarize yourself with the latest developments in European and UK banking regulations, especially Basel III. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the financial sector, particularly those involved in prudential risk management. Engaging in discussions or attending industry events can provide insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples from your past experience where you successfully managed regulatory reporting or implemented risk management strategies. Highlighting your problem-solving skills and attention to detail will set you apart.
✨Tip Number 4
Showcase your proficiency with risk management tools by being ready to discuss how you've used them in previous roles. This practical knowledge is crucial for the Prudential Risk Manager position and will demonstrate your hands-on experience.
We think you need these skills to ace Prudential Risk Manager
Some tips for your application 🫡
Understand the Role: Make sure you fully understand the responsibilities and requirements of the Prudential Risk Manager position. Tailor your application to highlight your relevant experience in prudential regulatory reporting and risk management.
Highlight Relevant Experience: In your CV and cover letter, emphasize your proven experience in a financial institution or consultancy, particularly focusing on your track record with ICAAP, ILAAP, LCP, and Recovery Plans. Use specific examples to demonstrate your expertise.
Showcase Communication Skills: Since excellent written and verbal communication skills are crucial for this role, ensure that your application is well-structured and free of errors. Consider including examples of how you've effectively communicated complex information in previous roles.
Express Interest in Regulatory Developments: Demonstrate your keen interest in emerging regulatory developments and your knowledge of European and UK banking regulations. This can be done by mentioning any relevant training, certifications, or personal initiatives you've undertaken to stay updated.
How to prepare for a job interview at Griffin Fire
✨Showcase Your Regulatory Knowledge
Be prepared to discuss your in-depth knowledge of European and UK banking regulations, especially Basel III. Highlight any experience you have with prudential regulatory reporting like ICAAP and ILAAP, as this will demonstrate your suitability for the role.
✨Demonstrate Analytical Skills
Since the role requires excellent data analytical skills, come equipped with examples of how you've used data to solve problems or improve processes in previous positions. This will show your ability to pay meticulous attention to detail.
✨Communicate Effectively
Practice articulating complex regulatory concepts in a clear and concise manner. Given the need for excellent written and verbal communication skills, consider preparing a brief presentation on a relevant topic to showcase your ability to communicate at all levels.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities under pressure. Think of past experiences where you had to manage tight deadlines or navigate regulatory changes, and be ready to discuss how you handled those situations.