Head of Prudential Risk

Crown Agents Bank; City of Westminster; On-site; GBP 60,000 - 90,000; Full time

Job summary

A growing UK bank is seeking an experienced candidate to provide oversight for the management of prudential risks, ensuring compliance with regulatory requirements. The ideal candidate will have extensive experience in UK banking, particularly in Treasury and risk management, and will support the Chief Risk Officer with assessments and reporting. Join a dynamic team in a role that emphasizes regulatory insights and risk framework development.

Benefits

Contributory pension plan

Life assurance

Private Medical Insurance

Discretionary bonus

Competitive annual leave

Qualifications

• A minimum of 7 years' experience in UK banking with Treasury and prudential risk management.
• Understanding of PRA regulatory framework and Basel/EBA standards.
• Model risk experience is essential.

Responsibilities

• Provide oversight of prudential risks including capital, liquidity, market, strategic, and model risks.
• Review operational processes related to prudential risk management.
• Advise on prudential risk implications of transactions and new products.

Skills

Prudential risk analysis

Regulatory reporting

Model Risk Management

Financial risk skills

Analytical skills

Job description

Overview

Crown Agents Bank is a growing UK bank that connects emerging and frontier markets to the world using FX and payments technology. We transform how payments and FX move through emerging markets, reducing friction so that more money reaches those who need it. Our solutions help fix pain points in emerging markets payments, connecting hard-to-reach regions to global financial infrastructure with better prices and faster, more reliable settlement. FX and cross-border payments are often complex and expensive in emerging markets. CAB wraps its relationships and network around innovative digital capabilities and cross-border transaction banking solutions to enable fintechs, corporates, governments, development organisations and banks to move money to, from, and across often hard-to-reach markets.

Job Description: Reporting to the CRO, provide second line oversight on the Group's management of prudential risks; including capital, liquidity, market (FX and interest rate), strategic and model risks. Support the Group's compliance with prudential regulatory requirements and assessment/reporting of enterprise-wide risks.

Responsibilities

• Provide second line oversight for the Group's management of prudential risks, including capital, liquidity, market (FX and interest rate), strategic and model risks.
• Provide second line oversight of the Finance and Treasury functions. Undertake second line control reviews on prudential risk management and Treasury activities, including reviewing operational processes, reporting, stress testing, hedging strategies, etc.
• Support the development and maintenance of the risk management framework and risk appetite limits relating to capital, liquidity, market and model risks.
• Provide challenge and oversight regarding the production of ILAAP, ICAAP, Recovery and Resolution Plans, stress testing, and provide support during regulatory interactions.
• Provide second line reporting to relevant governance committees on prudential risk matters. Standing attendee and active contributor at ALCO.
• Monitor adherence to prudential risk appetite limits and other internal/regulatory prudential risk limits, including KRIs, KPIs and EWIs.
• Review and oversee prudential risk regulatory reporting.
• Support the production of the Annual Report and Accounts and Pillar 3 disclosures.
• Undertake prudential regulatory horizon scanning, conduct impact assessments, and engage stakeholders to drive regulatory change.
• Report and advise on new and emerging prudential regulation relevant to the bank. Advise business on potential impacts of changing prudential regulation.
• Review and advise on the prudential risk implications of transactions, new products, services, jurisdictions, clients, sectors, and countries.
• Support the Credit Risk team and the bank in performing analytics supporting the country risk framework.
• Responsible for Model Risk Management and Model Validation across the Group.
• Support the CRO regarding reporting and assessment of enterprise-wide risks.

Qualifications

• A minimum of 7 years' experience of working within a UK bank supporting Treasury and prudential risk management activities, ideally in a second line capacity.
• Experience of international banking and payment services is advantageous.
• Experience of reviewing and supporting the development of ILAAP, ICAAP and recovery documents.
• An ability to analyse prudential risks, provide written assessments and understand appropriate risk controls.
• Ability to provide second line oversight and constructive challenge on capital, liquidity, market, strategic and model risks.
• Strong technical and analytical prudential and financial risk skills.
• Understanding of PRA regulatory framework, including capital, liquidity, market risk and interest rate risk. Familiarity with Basel and EBA regulatory frameworks and CRD/CRR.
• Familiarity with regulatory reporting requirements relating to prudential risk, including liquidity, capital, market risk and interest rate risk.
• Model risk experience and ability to further develop the Group's approach to Model Risk Management.
• Experience with derivatives products, regulatory frameworks and trading activity.

Benefits

• Contributory pension plan: Minimum employee 2% and employer 7% contributions, with employer matches up to 5% employee and 10% employer.
• Life assurance – 4 times annual salary.
• Group Income Protection.
• Private Medical Insurance (may include partner/children) with Optical, Dental and Audiology.
• Discretionary bonus.
• Competitive annual leave.
• 2 volunteering days per year.
• Benefit Hub.