Prudential Risk Lead – Investment Firms (Hybrid London)

The Prudential Risk Advisory team forms part of Deloitte's Strategy, Risk and Transactions Advisory Practice and is a centre of excellence, specialising in prudential regulation, risk governance and risk management assessment. The team typically partners with Financial Conduct Authority (FCA) solo regulated firms to provide advisory, implementation and remediation support. The team also partners with wider areas of the firm on new authorisations, transactions, legal entity optimisation and other key thematic priorities (e.g. conduct, governance, ESG, operational resilience).

The Prudential Risk Advisory team wishes to recruit high calibre individuals at Senior Manager/ Assistant Director level, with strong skills and experience in the following disciplines:

• Capital and liquidity adequacy assessments (e.g. ICARA / ICAAP), including operational risk, stress testing, reverse stress testing and recovery planning;
• Wind-down planning and testing;
• Risk management, strategy and business model analysis;
• Prudential consolidation and group arrangements;
• Prudential regulatory reporting and disclosure.

Technical expertise or industry experience in one or more of the following areas is also desirable: authorisations, finance, accounting, treasury risk management, risk modelling, target operation model design and enhancement, operational resilience and corporate governance.

You will deliver client engagements focusing on a range of prudential and risk management topics, providing in depth skills and expertise and practical understanding of the requirements of FCA solo-regulated firms, including firms in the Investment Management and Wealth sectors. As part of the team, you will also manage projects and teams in the delivery of services below.

By joining Deloitte you will have the opportunity to:

• Work with some of the most prestigious national and global clients
• Have access to our broad range of market‑leading services, propositions, assets, and our extensive knowledge base to develop your career
• Work within an inclusive culture where people are recognised for their contribution
• Continue to grow and develop your core skills, hone your industry expertise and truly reach your potential accessing the wealth of learning and development available.

Successful applicants may have responsibility for leading teams in relation to the following:

• Reviewing and reporting on existing client arrangements and providing practical enhancement recommendations;
• Delivery of tailored client training and workshops to facilitate the delivery of key processes, for example ICARA, wind‑down assessments.
• Collating information and drafting key prudential risk management and prudential documentation regulatory diligence to support transactions.
• Advice on deal structuring in respect of the impact on regulatory capital resources and requirements.
• Dealing with ad hoc queries from clients on prudential regulation.
• Supporting with preparation for prudential regulatory reviews and development and implementation of remediation plans following FCA reviews.
• Supporting project management and process delivery, including stakeholder management, project planning, progress reporting, risk management and financial controls in relation to a project, programme or workstream.
• Leading the growth of client relationships through networking and eminence activities with both existing and new clients, and supporting proposals to win work.
• Leading the development of our propositions, solutions and methods, research and draft eminence publications and help deliver presentations on key thematic and industry developments.

Degree educated or a relevant professional qualification (e.g. Chartered Financial Analyst, Chartered Accountant, Financial Risk Management qualified), or equivalent. Knowledge of the FCA's MIFIDPRU Handbook and or UK CRD / CRR. Demonstrate excellent written and verbal presentation and communication skills across all levels of client and internal stakeholders. Industry specific knowledge and broad understanding of financial markets. Problem solving and creative thinking, people management, collaboration and teamwork, stakeholder management, client relationship development, coordination and organisation.

Regulation and controls are standard practice in our industry and Deloitte is no exception. These controls provide important legal protection for both you and the firm. We are subject to a number of audit regulations, one of which requires that certain colleagues abide by specific personal independence constraints (e.g., in relation to any financial interests and employment relationships). This can mean that you and your immediate family members are not permitted to hold certain financial interests (shares, funds, bonds etc.) with audit clients of the firm, and also prohibitions on certain employment relationships (e.g., you are not permitted to hold a secondary employment role with SEC audit clients of the firm whilst being employed by the firm). The recruitment team will provide further detail as you progress through the recruitment process or you can contact the Independence team upon request.

You’ll be based in London with hybrid working. At Deloitte we understand the importance of balancing your career alongside your home life. That’s why we’ll support you to work flexibly through our hybrid working policy. Depending on the requirements of your role, you’ll have the opportunity to work in your local office, virtual collaboration spaces, client sites and remotely. You’ll get the chance to meet face to face when needed, while you collaborate and learn from colleagues, share your experiences, and build the relationships that will fuel your career and prioritise your wellbeing. Please check with your recruiter for the specific working requirements that may apply for your role.