Prudential Risk Manager

Reporting to the Head of Financial Risk, the Prudential Risk Manager will help to ensure 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).

Key Responsibilties

• 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 senior stakeholders
• Collaborate with the Front Office & Treasury function and the business more widely to calibrate the 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
• Support the Head of Financial Risk with maintaining and embedding the Model Risk Management Framework. including model inventory and model validation
• Review and challenge the regulatory submissions as part of the Regulatory Reporting Oversight Framework
• Develop risk modelling methodologies using third-party risk models as well as tools developed internally to provide insight on risk exposures

Experience

• Minimum 5 years’ experience in Prudential Risk.
• Strong academic record - FRM / PRM Qualifications preferred but not essential
• Experience with ILAAP / ICAAP / Recovery planning.
• Ability to read and apply relevant PRA and CRR regulations.
• Basic understanding of financial risk including from climate change