At a Glance
- Tasks: Support financial risk governance and monitor various risk frameworks.
- Company: Mid-size investment bank with a focus on robust financial practices.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Collaborative team culture with opportunities for growth and learning.
- Why this job: Make a real impact in financial risk management and contribute to strategic decision-making.
- Qualifications: 5+ years in Prudential Risk and strong analytical skills required.
The predicted salary is between 70000 - 90000 £ per year.
Our client, a mid-size Investment Bank is looking to hire a Prudential Risk Manager to support the Head of Financial Risk. The successful candidate will help to ensure the firm has robust Financial Risk governance, policies, procedures and processes in place. This will include, but is not limited to, measurement, monitoring and reporting of interest rate, market, credit, liquidity and climate risk for the firm as well as supporting the prudential exercises (e.g. ICAAP, ILAAP and Recovery Planning).
Role & Responsibilities
- Support the Head of Financial Risk with maintaining and embedding the Interest Rate, Market, Liquidity, Credit and Climate Risk frameworks.
- Undertake required analysis to prepare recommendations for investments and associated hedging.
- Day to day risk control responsibilities including, but not limited to, monitoring risk limits and indicators, investigating exceptions and concerns and making recommendations to the CRCO (Chief Risk & Compliance Officer).
- Collaborate with the Treasury & Banking function and the business more widely to calibrate the Financial Risk appetite.
- Develop risk modelling methodologies using third‑party risk models as well as tools developed internally to provide insight on risk exposures.
- Support capital and liquidity stress‑testing.
- Review and challenge the regulatory submissions as part of the Regulatory Reporting Oversight Framework.
Experience & Qualifications
- A minimum of 5 years’ experience within Prudential Risk.
- Some experience in contributing to ILAAP, ICAAP and recovery planning.
- Preferred candidate will have relevant banking experience in at least one.
- Ability to read and apply relevant PRA and CRR regulations.
- Basic understanding of financial risk including from climate change.
- Digital skills.
- Outstanding communication skills - both written and spoken.
- Inquisitive mind, independent judgement and constructive challenge.
- Strong analytical skills, ability to think and assess critically.
- High degree of initiative.
- Ability to work equally well within a team and individually.
Prudential Risk Manager - Meredith Brown Associates employer: Jobs via eFinancialCareers
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StudySmarter Expert Advice 🤫
We think this is how you could land Prudential Risk Manager - Meredith Brown Associates
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and risk management sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have a lead on that Prudential Risk Manager role!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of financial risk frameworks. Be ready to discuss how you would support the Head of Financial Risk and tackle real-world scenarios. Practise articulating your thoughts clearly – communication is key!
✨Tip Number 3
Showcase your analytical skills! Bring examples of past projects where you’ve successfully managed risk or contributed to ILAAP and ICAAP. Use data to back up your achievements and demonstrate your critical thinking abilities.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of resources to help you land that job. Plus, it’s a great way to ensure your application gets seen by the right people. Let’s get you into that Prudential Risk Manager position!
We think you need these skills to ace Prudential Risk Manager - Meredith Brown Associates
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Prudential Risk Manager role. Highlight your experience in financial risk governance and any relevant projects you've worked on, especially those involving ICAAP or ILAAP.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for this role. Share specific examples of how you've managed risk frameworks or collaborated with teams to enhance financial risk processes.
Show Off Your Analytical Skills: In your application, don’t shy away from showcasing your analytical skills. Mention any tools or methodologies you’ve used for risk modelling and how they’ve helped in previous roles.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at Jobs via eFinancialCareers
✨Know Your Risk Frameworks
Make sure you’re well-versed in the key risk frameworks mentioned in the job description, like ICAAP and ILAAP. Brush up on how these frameworks apply to the role and be ready to discuss your experience with them.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical prowess. Bring examples of past analyses you've conducted, especially those related to financial risk. Be ready to explain your thought process and how your recommendations impacted decision-making.
✨Communicate Clearly
Outstanding communication is crucial for this role. Practice articulating complex risk concepts in a straightforward manner. You might even want to prepare a few scenarios where you had to explain risk issues to non-experts.
✨Be Inquisitive
An inquisitive mind is a must-have trait for this position. Prepare thoughtful questions about the firm’s current risk management practices and challenges. This shows your interest and helps you gauge if the company aligns with your career goals.