At a Glance
- Tasks: Manage regulatory documents and risk policies for a prestigious bank in London.
- Company: Join a leading overseas bank located in the heart of Mayfair.
- Benefits: Gain experience in a high-stakes environment with potential for career growth.
- Why this job: Be part of a dynamic team that influences key decisions and regulatory compliance.
- Qualifications: Strong understanding of risk management and several years in a Prudential Risk role required.
- Other info: Opportunity to work closely with the CRO and other departments.
The predicted salary is between 43200 - 72000 £ per year.
Meraki Talent are currently working with a leading prestigious overseas bank based in Mayfair, London to help them identify a Prudential Risk Manager.
Reporting into the CRO, you will be responsible for managing the end-to-end process of origination, review and update of the Bank’s regulatory documents (such as ICAAP, ILAAP, Contingency Funding Plan, Recovery Plan, Pillar 3) and Risk policy documents to ensure they are up to date with any regulatory changes, internal changes at the Bank and with consideration to the external economic environment.
In addition, you will work on projects as set by the CRO to ensure that the Risk Department delivers all it needs to in order to satisfy Board, Stakeholders and Regulators.
Some of your responsibilities will include:
- Review and updating of the Bank’s Risk policies (such as Credit Risk, Market Risk, Liquidity Risk, Operational Risk policies, Risk Appetite Statement and others). Ensure they are available to be presented to the Board for approval in a timely manner and in line with the policy review cycle.
- Managing the end-to-end regulatory documents process, covering ICAAP, ILAAP, Contingency Funding Plan, Recovery Plan, Pillar 3, etc. This involves liaison and co-operation with other departments of the Bank.
- Running all required liquidity and capital Stress Testing Scenarios for the purposes of the regulatory documents. This involves development and maintenance of stress testing models, review of appropriateness of the assumptions used, as well as initiation of necessary updates to methodology and procedures for stress-testing ensuring the requirements of the regulatory authorities are incorporated as appropriate.
We are looking for:
- Strong understanding of risk management and ICAAP/ILAAP best practice and processes
- Have been previously involved with the ILAAP/ICAAP process
- Excellent knowledge of areas of risk including Credit, Market, Operational and Liquidity Risk
- Several years’ experience in a Prudential Risk environment
Please forward your application.
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Prudential Risk Manager, London employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Prudential Risk Manager, London
✨Tip Number 1
Make sure to familiarize yourself with the latest regulatory changes affecting ICAAP and ILAAP processes. This knowledge will not only help you in interviews but also demonstrate your proactive approach to staying updated in the field.
✨Tip Number 2
Network with professionals in the Prudential Risk space, especially those who have experience with the specific bank or similar institutions. Engaging in conversations can provide insights into the company culture and expectations.
✨Tip Number 3
Prepare to discuss specific projects you've worked on that relate to stress testing and risk policy updates. Be ready to explain your role and the impact of your contributions, as this will showcase your hands-on experience.
✨Tip Number 4
Research the bank's recent activities and any public statements made by the CRO. Understanding their strategic direction and challenges can help you tailor your discussions during the interview process.
We think you need these skills to ace Prudential Risk Manager, London
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly understand the responsibilities of a Prudential Risk Manager. Familiarize yourself with regulatory documents like ICAAP, ILAAP, and the various risk policies mentioned in the job description.
Tailor Your CV: Highlight your experience in risk management, particularly with ICAAP and ILAAP processes. Include specific examples of your previous work that align with the responsibilities outlined in the job description.
Craft a Strong Cover Letter: In your cover letter, express your passion for risk management and detail how your skills and experiences make you a perfect fit for the role. Mention your understanding of regulatory requirements and your ability to work collaboratively across departments.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial in a Prudential Risk Manager role.
How to prepare for a job interview at TN United Kingdom
✨Understand Regulatory Frameworks
Make sure you have a solid grasp of the regulatory documents like ICAAP, ILAAP, and others mentioned in the job description. Be prepared to discuss how you've previously managed or contributed to these processes.
✨Showcase Your Risk Management Experience
Highlight your experience in Prudential Risk environments, especially your involvement with Credit, Market, Operational, and Liquidity Risk. Use specific examples to demonstrate your expertise and how it aligns with the bank's needs.
✨Prepare for Stress Testing Discussions
Since stress testing is a key responsibility, be ready to talk about your experience in developing and maintaining stress testing models. Discuss any scenarios you've run and how you ensured compliance with regulatory requirements.
✨Emphasize Collaboration Skills
The role requires liaising with various departments. Prepare examples that showcase your ability to work collaboratively across teams to achieve common goals, particularly in updating risk policies and regulatory documents.