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Prudential Risk Manager

Posted 5 February by Anthony Cole Associates Ended

A leading global firm is currently looking for a Prudential Risk Manager to take responsibility for the management of prudential risk for regulated entities within the Trading business as required. This is a brand new role where you will have the ability to work in a standalone role and 'be your own boss’.

The Prudential Risk Manager’s responsibilities include:

  • Driving all aspects of prudential risk management and compliance, ensuring these are embedded within the operating rhythm and decision-making of the business and closely linked with strategy and operations
  • Interpreting prudential and risk financial services regulation applicable to both within the UK and worldwide and judging how those regulations should be applied
  • Horizon-scanning for regulatory change, assessing the impact of those changes and initiating projects to implement change
  • Engaging internally with F&R Compliance and Government Affairs, and externally with trade bodies, on matters of regulatory change
  • Developing and maintaining policies and procedures to manage risk types identified in SYSC, IFPRU and CRD IV (and any successor regulations)
  • Conducting assessments of compliance with prudential risk and regulatory requirements
  • Carrying out the necessary stress tests and analyses, including reverse stress testing, with the support of the F&R Finance team
  • Producing and maintaining all prudential regulatory documentation as required by regulators e.g. ICAAP, stress tests, reverse stress tests, Recovery & Resolution Plans, liquidity policy and winding down plan
  • Working with the F&R Finance Team to ensure regulatory financial resource and capital adequacy requirements are fulfilled
  • Providing training to the Board and Risk Committee on prudential regulatory requirements e.g. ICAAP
  • Liaising with the F&R Compliance team to report/notify the FCA of any prudential reporting/ breach reporting requirements
  • Working with HR Reward, F&R Compliance and Legal and any relevant committees in other prudential regulatory matters
  • Assessing prudential regulatory requirements for new jurisdictions, including the application process
  • Involvement in ad hoc risk management projects as required

Technical /Professional Skills & Competencies of the Prudential Risk Manager:

Essential Skills:

  • UK Regulatory Experience, specifically in relation to prudential regulation
  • Strong communication skills (written and verbal)
  • Highly motivated and pro-active self-starter
  • Ability to deal with complexity and show attention to detail
  • Project management skills
  • Good collaborator, able to work effectively across a large organisation
  • Ability to influence
  • Delivery-focused, able to manage multiple deliverables to deadlines

Desired Skills:

  • Experience of the FX/Fixed Income industry gained from working within a regulated firm or a regulator
  • Background in accounting and/or financial regulatory reporting

The successful candidate will have UK regulatory prudential experience and have the ability to write professional documents as well as communicate with business managers in a simple clear way. You will be a strong communicator and have that experience working in an in-house prudential risk role ideally from an FCA, a global bank, Bank of England or a Big 4 firm. This is an excellent opportunity to join in this brand new role and take full responsibility for the company’s prudential risk.

Required skills

  • Prudential Regulation
  • Regulatory Documentation
  • Regulatory Requirements
  • ICAAP

Reference: 34396273

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