Our client, a mid-size Investment Bank, is looking to hire a Prudential Risk Manager to support the Head of Financial Risk. The successful candidate will help to ensure the firm has robust Financial Risk governance, policies, procedures and processes in place. This will include (but is not limited to) measurement, monitoring and reporting of interest rate, market, credit, liquidity and climate risk for the firm as well as supporting the prudential exercises (e.g., ICAAP, ILAAP and Recovery Planning).
Role & Responsibilities
- Support the Head of Financial Risk with maintaining and embedding the Interest Rate, Market, Liquidity, Credit and Climate Risk frameworks.
- Undertake required analysis to prepare recommendations for investments and associated hedging.
- Day to day risk control responsibilities including, but not limited to, monitoring risk limits and indicators, investigating exceptions and concerns and making recommendations to the CRCO (Chief Risk & Compliance Officer).
- Collaborate with the Treasury & Banking function and the business more widely to calibrate the Financial Risk appetite.
- Develop risk modelling methodologies using third-party risk models as well as tools developed internally to provide insight on risk exposures.
- Support capital and liquidity stress-testing.
- Review and challenge the regulatory submissions as part of the Regulatory Reporting Oversight Framework.
Experience & Qualifications
- A minimum of 5 years’ experience within Prudential Risk.
- Some experience in contributing to ILAAP, ICAAP and recovery planning. candidate will have relevant banking experience in at least one.
- Ability to read and apply relevant PRA and CRR regulations.
- Basic understanding of financial risk including from climate change.
- Digital skills.
- Outstanding communication skills - both written and spoken.
- Inquisitive mind, independent judgement and constructive challenge.
- Strong analytical skills, ability to think and assess critically.
- High degree of initiative.
- Ability to work equally well within a team and individually.
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