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For Companies At a Glance
- Tasks: Oversee prudential risk management and support regulatory interactions for a leading bank.
- Company: Join a dynamic UK bank with a focus on innovation and risk management.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Why this job: Make a real impact in the banking sector by managing critical risks.
- Qualifications: Significant experience in banking, strong analytical skills, and knowledge of prudential regulations.
- Other info: Collaborative environment with opportunities to influence strategic decisions.
The predicted salary is between 72000 - 108000 £ per year.
Role Description
- Support the CRO in providing second line oversight for the Group’s management of prudential risks; including capital, liquidity, market (fx and interest rate), strategic and model risks.
- Provide second line oversight of the Finance and Treasury functions.
- Undertake second line control reviews on prudential risk management and Treasury activities, including reviewing operational processes, reporting, stress testing, hedging strategies, etc.
- Support the development and maintenance of the risk management framework and risk appetite limits relating to capital, liquidity market and model risks.
- Provide challenge and oversight regarding the production of ILAAP, ICAAP, Recovery and Resolution Plans, stress testing, and provide support during regulatory interactions.
- Provide second line reporting to relevant governance committees on prudential risk matters.
- Standing attendee and active contributor at ALCO.
- Monitor adherence to prudential risk appetite limits and other internal / regulatory prudential risk limits, monitoring of KRIs, KPIs and EWIs.
- Review and oversee prudential risk regulatory reporting.
- Support the production of the Annual Report and Accounts and Pillar 3 disclosures.
- Undertake prudential regulatory horizon scanning, conduct impact assessments, engage stakeholders where required to drive regulatory change.
- Report and advise on new and emerging prudential regulation relevant to the bank.
- Advise business on the potential impact of changing prudential regulation.
- Review and advise on the prudential risk implications of transactions, new products, services, jurisdictions, clients, sectors, countries, etc.
- Support the Credit Risk team and the bank in performing analytics supporting the country risk framework.
- Responsible for Model Risk Management and Model Validation across the Group.
- Support the CRO regarding reporting and assessment of enterprise-wide risks.
Role Requirements
- Significant experience of working within a UK bank supporting Treasury and prudential risk management activities, ideally in a second line capacity.
- Experience of international banking and payment services would be an advantage.
- An ability to analyse prudential risks, provide written assessments and understand appropriate risk controls.
- Have an ability to provide second line oversight and able to provide constructive challenge on capital, liquidity, market, strategic and model risks.
- Strong technical and analytical prudential and financial risk skills.
- Understand and able to interpret prudential regulation issued by the PRA relating to capital, liquidity, market risk and interest rate risk.
- Understand the PRA’s Supervisory Framework, and other regulatory regimes as applicable.
- Must have a detailed understanding of CRD / CRR regulation, and have an awareness and familiarity of Basel and EBA regulatory frameworks.
- Have a familiarity with regulatory reporting requirements relating to prudential risk, including liquidity, capital, market risk and interest rate risk.
- Model risk experience and ability to further develop the Group’s approach to Model Risk Management.
Head of Prudential Risk employer: Empirical Search
Contact Detail:
Empirical Search Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Prudential Risk
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those who work in prudential risk or related areas. Attend events, webinars, and meetups to make connections that could lead to job opportunities.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of regulatory frameworks like CRD/CRR and Basel. Be ready to discuss how you can provide second line oversight and challenge on capital and liquidity risks.
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've assessed prudential risks and contributed to risk management frameworks in previous roles. This will help you stand out as a candidate who can hit the ground running.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Head of Prudential Risk
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 capacity. We want to see how your skills align with 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 capital, liquidity, and market risks, and show us your passion for the field.
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 love seeing concrete examples that demonstrate your expertise!
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 us you’re keen on joining the StudySmarter team!
How to prepare for a job interview at Empirical Search
✨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 elements interact and the importance of oversight in managing them. This will show that you understand the core responsibilities of the role.
✨Familiarise Yourself with Regulations
Dive deep into the PRA regulations and the CRD/CRR framework. Being able to articulate how these regulations impact the bank's operations will impress your interviewers. They want to see that you can navigate the regulatory landscape effectively.
✨Prepare for Scenario Questions
Expect to face scenario-based questions where you'll need to demonstrate your analytical skills. Think about past experiences where you've had to provide oversight or challenge decisions related to prudential risks. Use the STAR method (Situation, Task, Action, Result) to structure your answers.
✨Showcase Your Communication Skills
As a Head of Prudential Risk, you'll need to communicate complex information clearly. Practice explaining technical concepts in simple terms. Be ready to discuss how you would report to governance committees and engage with stakeholders on risk matters.
