Prudential Risk Manager

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:

• Bachelor’s degree in Finance, Accounting, Economics, or a related field, professional accountancy qualification or other relevant professional qualification e.g. AMCT, CFA

• 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 interpretating 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.

• 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.

• 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.

• Working flexibly with some time required at the office.
• Travelling when and where required to Nucleus business locations to fulfil your responsibilities.