At a Glance
- Tasks: Lead prudential risk oversight and support strategic risk management initiatives.
- Company: Join an international bank in the heart of London with a dynamic team.
- Benefits: Attractive salary, hybrid work model, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on innovation and compliance.
- 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 - CER Financial in London employer: cer Financial
As an international bank located in the heart of the City of London, we pride ourselves on fostering a dynamic and inclusive work culture that prioritises employee growth and development. Our hybrid working model offers flexibility while our commitment to professional advancement ensures that you will have ample opportunities to enhance your skills and advance your career in prudential risk management. Join us to be part of a forward-thinking team that values innovation and collaboration in navigating the complexities of financial risk.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Prudential Risk - CER Financial in London
✨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 knowledge of prudential regulations and risk management frameworks. Be ready to discuss your experience with ILAAP and ICAAP, as well as how you’ve tackled challenges in previous roles. Confidence is key!
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've assessed prudential risks and contributed to risk management processes. Use data and metrics to back up your achievements – numbers speak volumes!
✨Tip Number 4
Don’t forget to apply through our website! We’re always on the lookout for talented individuals like you. Make sure your application stands out by tailoring it to highlight your relevant experience in prudential risk management.
We think you need these skills to ace Head of Prudential Risk - CER Financial in London
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.
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 shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at cer Financial
✨Know Your Prudential Risks
Make sure you brush up on your knowledge of capital, liquidity, market, and model risks. Be prepared to discuss how these risks impact the bank's operations and how you can provide oversight in these areas.
✨Showcase Your Regulatory Knowledge
Familiarise yourself with PRA regulations and the CRD/CRR framework. During the interview, highlight your experience with ILAAP, ICAAP, and recovery planning documents to demonstrate your understanding of regulatory requirements.
✨Prepare for Technical Questions
Expect to face technical questions related to prudential risk management and financial analysis. Brush up on your analytical skills and be ready to discuss how you've applied them in previous roles, especially in a second line of defence capacity.
✨Engage with Real-World Scenarios
Be ready to discuss real-world examples where you've assessed prudential risks or contributed to risk management frameworks. This will show your practical experience and ability to apply theoretical knowledge in a banking environment.
