At a Glance
- Tasks: Lead the development of capital and liquidity frameworks while ensuring regulatory compliance.
- Company: Join a dynamic financial services firm focused on prudential risk management.
- Benefits: Competitive salary, flexible working, and opportunities for professional growth.
- Other info: Engage with senior stakeholders and promote a culture of accountability and good customer outcomes.
- Why this job: Make a real impact on financial resilience and strategic objectives in a collaborative environment.
- Qualifications: Bachelor’s degree in Finance or related field with strong experience in financial services.
The predicted salary is between 60000 - 80000 £ per year.
About the role
The Prudential Risk Manager is responsible for coordinating the development, delivery and ongoing enhancement of the Group’s capital and liquidity frameworks and strategic risk assessments (Including ICARA, ORSA and Group Capital and Liquidity Assessment). Within this remit, the role will involve stress testing and scenario analysis to support business planning, risk identification and regulatory compliance. Working closely with Finance, Treasury, Risk and senior stakeholders, the role will help ensure the Group remains financially resilient, well governed and able to support achievement of its strategic objectives.
Responsibilities
- Manage the end-to-end ICARA process for MIFIDPRU entities within the group, coordinating risk assessments, wind-down analysis, capital and liquidity adequacy assessments, stress testing and governance approvals.
- Manage the development and ongoing enhancement of the Group Capital and Liquidity Assessment (GCLA), ensuring a robust understanding of group risk and optimisation opportunities.
- Deliver and continuously improve capital and liquidity stress testing, including scenario design, model outputs, analysis of outcomes and clear reporting of results to senior management and governance forums.
- Identify surplus or constrained liquidity and capital positions at entity and Group level, working with Treasury and Finance to recommend optimisation actions where appropriate.
- Support the development and periodic review of the firm’s risk appetite framework, including the calibration of quantitative thresholds for capital and liquidity.
- Maintain and enhance the EWI monitoring framework, ensuring indicators are calibrated to reflect the risk profile and complexity of the group.
- Design, coordinate and facilitate fire drill exercises to test the operability of recovery and wind‑down scenarios, assessing the effectiveness of management actions, decision-making triggers and internal escalation pathways.
- Monitor regulatory developments relevant to MIFIDPRU and the wider prudential landscape, assessing the impact of rule changes on the firm’s capital, liquidity and risk management frameworks.
- Enhance MI, dashboards and reporting packs for senior management and governance forums, including GALCO, ERCC and Board.
- Proactively engage and influence stakeholders across Finance, Treasury, Risk, business functions and leadership to embed effective prudential risk management and support decision‑making.
- Promote and encourage a risk culture that drives awareness, accountability and good customer outcomes across the business.
General
- Take responsibility in everything you do to deliver good outcomes for our customers.
- Positively demonstrate the Nucleus Smart, Heart and Courage values and behaviours.
- Ensure compliance with Code of Conduct at all times.
About you
You will ideally have:
- Education: Bachelor’s degree in Finance, Accounting, Economics, or a related field, professional accountancy qualification or other relevant professional qualification e.g. AMCT, CFA.
- Experience: Strong experience in financial services, preferably in a prudential risk, treasury, capital or liquidity role. Proven experience leading or materially contributing to ICARA, GCLA, ORSA, wind‑down planning, stress testing or other strategic prudential regulatory deliverable within the Financial Services industry. Strong understanding of prudential regulatory expectations and good industry practice with experience of interpreting financial regulation e.g. MIFIDPRU, IPRU‑INV 5, UK Solvency II, ICARA and capital and liquidity adequacy requirements. Experience in financial modelling, cash flow analysis, forecasting, stress testing and translating complex analysis into actionable recommendations. Strong planning, coordination, senior stakeholder engagement and communication skills, with the ability to influence across functions.
- Skills: Strong analytical skills and the ability to interpret complex financial data. Excellent communication and presentation skills. Proficiency with modelling, finance systems/tools and Microsoft Office such as Excel/PowerPoint.
- Personal Attributes: Highly analytical, structured and detail oriented, with the ability to interpret complex financial regulation and explain its practical implications. Proactive, commercially minded and confident working independently while collaborating effectively with colleagues and senior stakeholders. Self‑starter with the ability to take ideas from concept to execution, driving new initiatives forward.
You will be comfortable:
- Working flexibly with some time required at the office.
- Travelling when and where required to Nucleus business locations to fulfil your responsibilities.
Prudential Risk Manager in Edinburgh employer: Nucleus Financial
As a Prudential Risk Manager at our company, you will thrive in a dynamic work environment that prioritises collaboration and innovation. We offer competitive benefits, a strong commitment to employee development, and a culture that values integrity and accountability, ensuring you have the support needed to excel in your role. Located in a vibrant area, our office provides a stimulating atmosphere where you can engage with senior stakeholders and contribute to meaningful financial resilience initiatives.
StudySmarter Expert Advice🤫
We think this is how you could land Prudential Risk Manager in Edinburgh
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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Don’t shy away from reaching out directly to firms like Nucleus Financial. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Prudential Risk Manager in Edinburgh
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Nucleus Financial.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Nucleus Financial's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Nucleus Financial
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Nucleus Financial.
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Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Nucleus Financial will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Nucleus Financial employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
