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 Temple 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 ensuring that our team members are supported through comprehensive training and mentorship opportunities, making us an excellent employer for those seeking to advance their careers in prudential risk management.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Prudential Risk in Temple
✨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, regulatory frameworks, and your experience with ILAAP and ICAAP confidently. We want you to shine when it comes to those tricky questions!
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've tackled prudential risk challenges in the past. Whether it's through case studies or specific projects, demonstrating your expertise will set you apart from the competition.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search. Let’s get you that Head of Prudential Risk role!
We think you need these skills to ace Head of Prudential Risk in Temple
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 concise but impactful!
Showcase Your Technical Skills:Don’t forget to highlight your technical and analytical skills related to prudential and financial risk. Mention your familiarity with regulations like CRD/CRR and your experience with model risk management. We love seeing candidates who know their stuff!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss any important updates. Plus, it’s super easy!
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 ready to discuss how you've managed these in previous roles, especially in a second line of defence capacity. This will show that you understand the core responsibilities of the Head of Prudential Risk.
✨Familiarise Yourself with Regulatory Frameworks
Dive deep into the PRA regulations and CRD/CRR frameworks. Being able to articulate how these regulations impact risk management will impress your interviewers. They want to see that you can navigate the regulatory landscape and advise the business effectively.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to assess prudential risk implications of hypothetical transactions or new products. Practise articulating your thought process and decision-making criteria. This will demonstrate your analytical skills and ability to provide oversight.
✨Showcase Your Leadership Skills
As a Head of Prudential Risk, you'll be expected to lead and challenge teams. Prepare examples of how you've successfully led projects or initiatives in the past, particularly those involving cross-functional collaboration. Highlight your experience in delivering risk reporting to governance committees.
