As a Prudential Risk Manager in Challenger Banking, you'll oversee and manage risk frameworks (specifically ICAAP, RRP) to ensure regulatory compliance and operational efficiency. Your role will focus on identifying, assessing, and mitigating risks to support the organisation's financial stability and strategic goals. Client Details Growth Challenger Bank with Business Lending lines across Mortgages, Loans, Savings, Online Payments with expanding product lines. To embark on Consumer Lending further in next phase. City of London based hq. Enjoyed recent tranche of new funding to boost growth and keep present management team in place for long term. Description Prudential Risk Manager Maintain and enhance the prudential risk framework to ensure compliance with regulatory requirements - own ICAAP and RRP. Access constantly to C-Suite level, so excellent communications skills. Monitor and assess the organisation's risk exposures, offering actionable insights for mitigation (e.g. some horizon scanning/basel 3.1). Prepare and deliver comprehensive reports for senior stakeholders and regulatory bodies. Collaborate with various departments to ensure alignment with risk management policies (e.g. help with ILAAP - not essential to have owned before). Conduct stress testing and scenario analysis to evaluate potential impacts on the organisation. Stay updated on regulatory changes and provide recommendations for necessary adjustments. Support the development of risk training materials for internal teams. Lead or contribute to risk-related projects and initiatives as required.Profile A successful Prudential Risk Manager should have: Strong knowledge of prudential regulations and risk management practices in a Small to Mid sized Bank/Challenger/Disruptor OR may come from Big 4/Top 20 Practice with Prudential Assurance/Consulting for similar clients. ICAAP knowledge front-to-back. Proficiency in analysing financial data and conducting risk assessments (e.g. data mapping exercises). Excellent communication skills for preparing reports and liaising with stakeholders (great comms given this role will have access constantly to C-Suite level). A detail-oriented mindset with strong problem-solving abilities. Relevant professional accounting qualifications or certifications in accounting, finance, or risk management.Job Offer Competitive salary ranging from £80,000 to £90,000, dependent on the level of experience. Generous Benefits Package and enhanced maternity/paternity leave. Competitive bonus scheme. 3x days a week in City of London office, 2x days a week working from home flexibly. Permanent position in a top Challenger Bank. If you're interested in this role, apply now. People are at the heart of Michael Page. We are committed to creating an inclusive environment. As an inclusive recruiter we welcome applications from people of all backgrounds, identities and experiences. If you require any adjustments or accommodations during the recruitment process, we'll work with you to ensure you can perform at your best
Prudential Risk Manager in City of London employer: Michael Page
At Michael Page, we pride ourselves on being an excellent employer that champions community impact through our Social Value Lead role. Our supportive work culture fosters collaboration and innovation, providing employees with ample opportunities for professional growth while making a meaningful difference in the property industry. Located in a vibrant area, we offer competitive salaries and a commitment to employee well-being, ensuring that you thrive both personally and professionally.
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We think this is how you could land Prudential Risk Manager in City of London
✨Dive Into Industry Networking Events
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✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Michael Page). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Michael Page. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Michael Page.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Michael Page. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Michael Page
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Michael Page to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Michael Page, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Michael Page's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
