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- Tasks: Oversee prudential risk management and support regulatory interactions for a leading UK bank.
- Company: Join a dynamic banking institution focused on innovation and risk management.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Why this job: Make a significant impact on the bank's risk strategy and regulatory compliance.
- Qualifications: Extensive experience in banking with strong analytical and risk management skills.
- Other info: Collaborative environment with a focus on continuous improvement and regulatory excellence.
The predicted salary is between 72000 - 108000 £ per year.
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 ALCOM.
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 in London employer: Empirical Search
Contact Detail:
Empirical Search Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Prudential Risk in London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Understand their approach to prudential risk management and be ready to discuss how your experience aligns with their needs. Show them you’re not just another candidate!
✨Tip Number 3
Practice your responses to common interview questions, especially those related to capital, liquidity, and market risks. Use the STAR method (Situation, Task, Action, Result) to structure your answers and make them impactful.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit for their team.
We think you need these skills to ace Head of Prudential Risk 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 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 industry.
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 ready to discuss how these elements interact and the importance of each in a banking context. This will show that you understand the core responsibilities of the role.
✨Prepare for Regulatory Discussions
Familiarise yourself with the latest PRA regulations and the Supervisory Framework. Be prepared to discuss how you would approach compliance and oversight in relation to these regulations. This demonstrates your proactive attitude towards regulatory challenges.
✨Showcase Your Analytical Skills
Be ready to provide examples of how you've analysed prudential risks in previous roles. Discuss specific situations where your analytical skills led to improved risk management or decision-making. This will highlight your capability to provide constructive challenge.
✨Engage with Stakeholders
Think about how you’ve engaged with various stakeholders in past roles. Prepare to share examples of how you’ve communicated complex risk concepts effectively. This is crucial for the collaborative nature of the role, especially when supporting the CRO and other teams.
