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Prudential Risk Manager

Reed
Posted 3 days ago, valid for a month
Location

London, Greater London EC2V7NQ, England

Salary

£85,000 - £102,000 per annum

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Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • The Prudential Risk Manager position is based in London and is a full-time, office-based role with a competitive salary.
  • The role involves overseeing regulatory documents, monitoring market and liquidity risks, and managing the end-to-end process of document origination and review.
  • Candidates must have a minimum of 5 years' experience in a Prudential Risk environment and liquidity risk management, along with strong analytical skills and knowledge of regulatory frameworks.
  • Key responsibilities include preparing ALCO packs, conducting stress testing scenarios, and collaborating with other departments on regulatory returns.
  • The position offers exposure to various risk management practices and includes a competitive salary and benefits package.
Prudential Risk Manager
  • Location: London. Full Time Office Based
  • Job Type: Full-time
  • Salary: Competitive

Reed Banking and financial services are pleased to be supporting an international bank who is currently seeking a Prudential Risk Manager to oversee the management of regulatory documents and monitor market and liquidity risks as part of second line-of-defence. 

Day to Day of the role:
  • Manage the end-to-end process of regulatory document origination, review, and update, including ICAAP, ILAAP, Recovery Plan, and Pillar 3.
  • Monitor daily market and liquidity risk metrics, investigate exceptions, and make recommendations to the ALCO.
  • Prepare and present the monthly ALCO pack, discussing key findings and suggesting actions to address issues.
  • Conduct liquidity and capital stress testing scenarios, maintaining stress testing models, and ensuring methodologies meet regulatory requirements.
  • Oversee operational risks within the Market and Liquidity risk unit, ensuring robust controls and processes are in place.
  • Lead Basel 3.1 implementation efforts, ensuring compliance with capital adequacy and risk management standards.
  • Review and update the bank’s Risk policies and ensure they are presented to the Board for approval in a timely manner.
  • Collaborate with the Finance Department on regulatory returns and with the Credit Risk Department on IFRS 9 provisioning models.
  • Lead system automation projects, including the development of capital and liquidity risk dashboard reports.
  • Stay abreast of regulatory developments and best practices in risk management.
Required Skills & Qualifications:
  • Minimum of 5 years’ experience in a Prudential Risk environment and liquidity risk management.
  • Strong analytical skills with excellent report writing capabilities.
  • Good knowledge of the regulatory environment and wider economic and political issues.
  • Ability to read and apply relevant PRA and CRR regulations.
  • Strong understanding of risk management and ICAAP/ILAAP best practices and processes.
  • Excellent knowledge of various areas of risk including Climate, Market, Operational, and Liquidity Risks.
Benefits:
  • Competitive salary and benefits package.
  • Exposure to a wide range of risk management practices and regulatory frameworks.

To apply for the Prudential Risk Manager position, please submit your CV and cover letter detailing your relevant experience and why you are interested in this role.

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In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.