At a Glance
- Tasks: Lead the management of prudential risks and ensure compliance with regulations.
- Company: Join Empirical Search, a key player in the finance sector in the UK.
- Benefits: Part-time flexibility with the chance to impact financial products and policies.
- Why this job: Shape the future of risk management while collaborating with top professionals.
- Qualifications: Experience in risk management, preferably in financial services; certifications are a plus.
- Other info: Work remotely and engage in strategic decision-making at the board level.
The predicted salary is between 54000 - 84000 £ per year.
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Head of Prudential Risk (Part Time)
Client:
Empirical Search
Location:
United Kingdom
Job Category:
Finance
EU work permit required:
Yes
Job Reference:
6569e8b31a70
Job Views:
7
Posted:
03.03.2025
Expiry Date:
17.04.2025
Job Description:
Role Description
- Partner with the business areas to ensure that the first line of defence appropriately manage prudential risks including the identification, assessment, measurement, review, monitoring and reporting of risks and issues.
- Oversight of, and subject matter expert support for, a project underway to deliver treasury and prudential risk management capabilities to allow more complex mortgage and savings products to be provided by the Society.
- Delivering the prudential regulation(s) areas such as: ICAAP or ILAAP development, Capital / liquidity/ Operational Risk management.
- Work within the regulatory requirements of CRDIV/CRR2 with the ability to extend this regulatory knowledge to more strategic insight with impact assessments on the Society’s position and capital plans.
- Second line review of capital, liquidity returns and any other relevant report for delivery to the Regulators e.g. COREP/FINREP/PRA110.
- Development and monitoring for Prudential Risk management for the Board and the Risk Committee(s).
- Maintaining of up-to-date policy and procedures for the governance of Prudential Risk areas.
- Maintaining and monitoring a record of relevant regulations published by the Prudential Regulation Authority and Financial Conduct Authority and any other relevant regulators.
- Work with the Risk team in the development of the Society’s Recovery and Resolution Plan.
- Writing policies in relation to regulatory requirements such as MCOBs, Climate Change, Operational Resilience etc.
- Ensure all activities meet and integrate with organisational requirements for quality management, health and safety, legal stipulations, environmental policies and general duty of care.
Role Requirements
- Direct Risk Management experience, ideally within the Financial Services sector such as Banking, Building Society or credit Unions and/or other regulatory environments, particularly in prudential risk areas is essential.
- FRM, IRM, CFA or CISI Certification is advantageous.
- Proven ability to communicate effectively and to build and maintain relationships with colleagues at all levels across the Society, including Board meetings.
- Excellent attention to detail with the ability to multi-task.
- Relevant technical experience in risk and regulatory areas.
- Ability to work as part of a team and independently when required and work under the pressure of tight deadlines.
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Head of Prudential Risk (Part Time) employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Prudential Risk (Part Time)
✨Tip Number 1
Make sure to familiarize yourself with the latest prudential regulations and frameworks like CRDIV/CRR2. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the financial services sector, especially those who have experience in risk management. Engaging in discussions or attending industry events can provide valuable insights and connections that may lead to job opportunities.
✨Tip Number 3
Prepare to discuss specific examples of how you've managed prudential risks in previous roles. Highlighting your direct experience and the impact of your work will make you stand out as a candidate.
✨Tip Number 4
Showcase your ability to communicate complex regulatory information clearly. Being able to convey technical details to non-experts is crucial for this role, so practice articulating your thoughts in a straightforward manner.
We think you need these skills to ace Head of Prudential Risk (Part Time)
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Head of Prudential Risk position. Understand the key responsibilities and requirements, especially around prudential risk management and regulatory compliance.
Tailor Your CV: Customize your CV to highlight your direct risk management experience, particularly in financial services. Emphasize any relevant certifications like FRM, IRM, CFA, or CISI, and showcase your ability to communicate effectively with various stakeholders.
Craft a Strong Cover Letter: Write a compelling cover letter that connects your experience with the specific needs of the role. Discuss your familiarity with regulatory requirements and your approach to managing prudential risks, as well as your ability to work under pressure.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no typos or grammatical errors, and that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at TN United Kingdom
✨Understand Prudential Risk Management
Make sure you have a solid grasp of prudential risk management concepts, especially in relation to ICAAP and ILAAP. Be prepared to discuss how these frameworks apply to the role and how you've implemented similar strategies in your past experiences.
✨Showcase Your Regulatory Knowledge
Familiarize yourself with CRDIV/CRR2 regulations and be ready to explain how they impact capital and liquidity management. Highlight any previous experience you have with regulatory reporting like COREP or FINREP, as this will demonstrate your expertise in the field.
✨Demonstrate Communication Skills
Since the role requires effective communication with various stakeholders, prepare examples that showcase your ability to convey complex information clearly. Think about times when you successfully presented to senior management or collaborated with cross-functional teams.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills under pressure. Practice articulating your thought process on how you would handle specific prudential risk challenges, ensuring you highlight your attention to detail and ability to multi-task.