At a Glance
- Tasks: Lead prudential risk oversight and support strategic risk management initiatives.
- Company: International bank in the heart of London with a dynamic work culture.
- Benefits: Competitive salary, hybrid working model, and opportunities for professional growth.
- Other info: Join a team that values innovation and offers excellent career advancement.
- Why this job: Make a significant impact on risk management in a leading financial institution.
- Qualifications: 7+ years in UK banking with strong analytical and regulatory knowledge.
The predicted salary is between 120000 - 150000 € per year.
City of London
Hybrid (3/2 split)
Permanent
£120,000 - £150,000
cer Financial are working alongside an international bank who are based in the City of London. They are seeking a Head of Prudential Risk to work with them on a permanent basis.
The responsibilities of the Head of Prudential Risk will include:
- Support the Chief Risk Officer (CRO) in providing second line oversight of prudential risks, including capital, liquidity, market (FX and interest rate), strategic, and model risks.
- Provide oversight of Finance and Treasury functions, including reviews of prudential risk management processes, stress testing, hedging strategies, reporting, and operational processes.
- Assist in the development and maintenance of the risk management framework and risk appetite limits for capital, liquidity, market, and model risks.
- Provide challenge and oversight for ILAAP, ICAAP, Recovery and Resolution Plans, and stress testing, and support regulatory engagement.
- Deliver prudential risk reporting to governance committees and actively contribute to ALCO (Asset and Liability Committee).
- Monitor compliance with prudential risk appetite limits and track KRIs, KPIs, and EWIs.
- Review and oversee prudential regulatory reporting.
- Support preparation of the Annual Report & Accounts and Pillar 3 disclosures.
- Conduct prudential regulatory horizon scanning, assess impacts, and coordinate regulatory change initiatives.
- Advise the business on new and emerging prudential regulations and their potential impacts.
- Assess prudential risk implications of transactions, new products, services, jurisdictions, clients, and sectors.
- Support Credit Risk analytics, particularly related to the country risk framework.
- Manage Model Risk Management and Model Validation across the Group.
- Support the CRO in enterprise-wide risk reporting and assessment.
The successful candidate will have:
- Minimum 7 years’ experience in a UK bank, supporting Treasury and prudential risk management, preferably in a second line of defence role.
- International banking and payment services experience is desirable.
- Experience reviewing and contributing to ILAAP, ICAAP, and recovery planning documents.
- Ability to analyse prudential risks, produce written risk assessments, and understand appropriate risk controls.
- Capability to provide second line oversight and challenge on capital, liquidity, market, strategic, and model risks.
- Strong technical and analytical skills in prudential and financial risk.
- Ability to interpret PRA prudential regulations, including those related to capital, liquidity, market risk, and interest rate risk, and understand the PRA Supervisory Framework.
- Detailed knowledge of CRD/CRR regulations and familiarity with Basel and EBA frameworks.
- Understanding of prudential regulatory reporting for liquidity, capital, market risk, and interest rate risk.
- Model risk management experience, including developing model risk frameworks.
- Familiarity with derivatives products, regulatory frameworks, and trading activities.
Head of Prudential Risk in Bow employer: cer Financial
Join an esteemed international bank in the heart of the City of London, where you will play a pivotal role as the Head of Prudential Risk. Our hybrid work model promotes a balanced lifestyle, while our commitment to employee development ensures you have ample opportunities for growth and advancement. With a collaborative work culture that values innovation and integrity, we offer a rewarding environment for professionals looking to make a significant impact in the banking sector.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Prudential Risk in Bow
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking and risk management sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can discuss prudential risks, capital management, and regulatory frameworks confidently. We recommend practising common interview questions related to your expertise in risk oversight.
✨Tip Number 3
Showcase your experience with real-life examples. When discussing your background, highlight specific projects where you provided oversight on ILAAP or ICAAP. This will demonstrate your hands-on experience and make you stand out to potential employers.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got a range of opportunities that could be perfect for you. Plus, applying directly can sometimes give you an edge over other candidates. Let’s get you that Head of Prudential Risk role!
We think you need these skills to ace Head of Prudential Risk in Bow
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Head of Prudential Risk role. Highlight your experience in prudential risk management, especially in a second line of defence role. We want to see how your skills align with the responsibilities listed in the job description.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention specific experiences that relate to the key responsibilities, like oversight of capital and liquidity risks. We love a good story!
Showcase Your Analytical Skills:Since this role requires strong analytical skills, make sure to include examples of how you've successfully analysed prudential risks in the past. We want to see your ability to produce written risk assessments and understand risk controls clearly.
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it makes the whole process smoother for everyone involved.
How to prepare for a job interview at cer Financial
✨Know Your Prudential Risks
Make sure you brush up on the key prudential risks relevant to the role, such as capital, liquidity, and market risks. Be prepared to discuss how you've managed these in your previous roles and provide specific examples of your oversight and challenge in these areas.
✨Familiarise Yourself with Regulations
Dive deep into the PRA regulations and the CRD/CRR frameworks. Understanding these will not only help you answer questions confidently but also demonstrate your commitment to staying updated on regulatory changes that impact the bank's operations.
✨Showcase Your Analytical Skills
Prepare to discuss your analytical approach to risk assessment. Bring examples of how you've produced written risk assessments or contributed to ILAAP and ICAAP documents. Highlight your ability to interpret complex data and make informed decisions based on your findings.
✨Engage with the Interviewers
Don't just wait for questions; engage with your interviewers by asking insightful questions about their current risk management framework and challenges. This shows your genuine interest in the role and helps you assess if the company aligns with your career goals.
