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 Islington 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 Islington
✨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. We all know that sometimes it’s not just what you know, but who you know!
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of prudential regulations and risk management frameworks. We recommend doing mock interviews with friends or mentors to get comfortable discussing your experience and how it relates to the role.
✨Tip Number 3
Showcase your expertise! Create a portfolio or presentation that highlights your achievements in prudential risk management. This can really set you apart from other candidates and give you something tangible to discuss during interviews.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of resources to help you land that Head of Prudential Risk role. Plus, applying directly shows your enthusiasm and commitment to the position.
We think you need these skills to ace Head of Prudential Risk in Islington
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 should tell us why you're the perfect fit for this position. Use specific examples from your past experiences that demonstrate your ability to manage prudential risks and support regulatory engagement. Keep it engaging and relevant!
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 your previous roles. We love seeing how you can interpret regulations and apply them effectively.
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 gives you a chance to explore more about our company culture and values.
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 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.
✨Prepare for Scenario-Based Questions
Expect to face scenario-based questions where you'll need to analyse potential prudential risks of new products or transactions. Practise articulating your thought process and decision-making strategies clearly, as this will showcase your analytical skills.
✨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.
