Michael Page
Prudential Risk Manager
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Prudential Risk Manager in Challenger Banking
As a Prudential Risk Manager in Challenger Banking, you'll oversee and manage risk frameworks (specifically ICAAP, RRP) to ensure regulatory compliance and operational efficiency. Your role will focus on identifying, assessing, and mitigating risks to support the organisation's financial stability and strategic goals.
Client Details
- Growth Challenger Bank with Business Lending lines across Mortgages, Loans, Savings, Online Payments with expanding product lines. To embark on Consumer Lending further in next phase.
- City of London based headquarters.
- Enjoyed recent tranche of new funding to boost growth and keep present management team in place for long term.
Description
Prudential Risk Manager
- Maintain and enhance the prudential risk framework to ensure compliance with regulatory requirements - own ICAAP and RRP.
- Access constantly to C-Suite level, so excellent communications skills.
- Monitor and assess the organisation's risk exposures, offering actionable insights for mitigation (e.g. some horizon scanning/basel 3.1).
- Prepare and deliver comprehensive reports for senior stakeholders and regulatory bodies.
- Collaborate with various departments to ensure alignment with risk management policies (e.g. help with ILAAP - not essential to have owned before).
- Conduct stress testing and scenario analysis to evaluate potential impacts on the organisation.
- Stay updated on regulatory changes and provide recommendations for necessary adjustments.
- Support the development of risk training materials for internal teams.
- Lead or contribute to risk-related projects and initiatives as required.
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Profile
A successful Prudential Risk Manager should have:
- Strong knowledge of prudential regulations and risk management practices in a Small to Mid sized Bank/Challenger/Disruptor OR may come from Big 4/Top 20 Practice with Prudential Assurance/Consulting for similar clients.
- ICAAP knowledge front-to-back.
- Proficiency in analysing financial data and conducting risk assessments (e.g. data mapping exercises).
- Excellent communication skills for preparing reports and liaising with stakeholders (great comms given this role will have access constantly to C-Suite level).
- A detail-oriented mindset with strong problem-solving abilities.
- Relevant professional accounting qualifications or certifications in accounting, finance, or risk management.
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Job Offer
- Competitive salary ranging from £80,000 to £90,000, dependent on the level of experience.
- Generous Benefits Package and enhanced maternity/paternity leave.
- Competitive bonus scheme.
- 3x days a week in City of London office, 2x days a week working from home flexibly.
- Permanent position in a top Challenger Bank.
If you're interested in this role, apply now.
People are at the heart of Michael Page.
We are committed to creating an inclusive environment. As an inclusive recruiter we welcome applications from people of all backgrounds, identities and experiences. If you require any adjustments or accommodations during the recruitment process, we'll work with you to ensure you can perform at your best.
Desired Skills and Experience
- ICAAP and RRP - must
- Ilaap - nice to have
- Accounting Qualification or equivalent Risk - nice to have
- Great comms - must
- Coming from SME Bank, Challenger, Disruptor OR from Practice, Prudential Assurance/Consulting, with similar clients
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