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- 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 innovative banking solutions.
- 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.
Please note that due to the high volume of applicants responding to our adverts we are regrettably not able to feedback on all applications; only successful candidates will be contacted.
Prudential Risk Manager in City of London employer: Meredith Brown Associates Ltd
Contact Detail:
Meredith Brown Associates Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Prudential Risk Manager in City of London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Prudential Risk Manager role.
✨Ace the Interview
Prepare for your interviews by brushing up on key concepts related to financial risk governance and regulations. We recommend practising common interview questions and even doing mock interviews with friends. Show them you’ve got the skills and the passion for the role!
✨Showcase Your Skills
When you get the chance to meet potential employers, make sure to highlight your experience with ILAAP, ICAAP, and risk modelling methodologies. We want to see how you can bring value to their team, so don’t hold back on sharing your achievements!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. We’re here to help you every step of the way, so let’s get you that Prudential Risk Manager position!
We think you need these skills to ace Prudential Risk Manager in City of London
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.
Showcase Your Skills: Don’t just list your skills; demonstrate them! Use specific examples to show how your analytical skills and understanding of regulations have made a difference in your previous roles.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Explain why you’re passionate about prudential risk and how your background makes you the perfect fit for the team. Keep it engaging and professional.
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 out on any important updates!
How to prepare for a job interview at Meredith Brown Associates Ltd
✨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 financial institutions 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 interest rate, market, or credit risks. Be ready to explain your thought process and the impact of your recommendations.
✨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 assessments to non-experts.
✨Be Inquisitive
An inquisitive mind is a big plus! Prepare some thoughtful questions about the firm’s current risk management practices or recent regulatory changes. This shows your genuine interest and helps you assess if the company aligns with your career goals.