Prudential Risk Consultant

TN United Kingdom; Cirencester; Hybrid; GBP 40,000 - 70,000; Full time

Job summary

An established industry player is seeking a key member for their Prudential Risk team to ensure a robust risk management framework. This role involves overseeing financial risks, assessing capital requirements, and ensuring compliance with regulatory standards. You will enhance risk awareness and provide crucial input for effective risk reporting. If you have a strong background in UK Financial Services and are passionate about risk management, this is an exciting opportunity to make a significant impact in a dynamic environment.

Benefits

Private Medical Insurance

10X Life Cover

Non-Contributory Pension – 10%

Parental Leave – 6 months full pay

28 Days Holiday Entitlement

Qualifications

• Strong understanding of prudential regulation and risk management.
• Ability to analyze and present complex data effectively.

Responsibilities

• Oversee financial and prudential risks, ensuring regulatory compliance.
• Conduct Operational Risk Assessments and enhance risk culture.

Skills

Prudential Regulation Understanding

Risk Management Processes

Data Analysis

Communication Skills

Education

GARP Financial Risk Management Qualification

Job description

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St. James's Place (SJP) works in partnership to plan, grow, and protect our clients’ financial futures. We deliver personalised, face-to-face financial advice to our clients, who trust us to manage their money to reach their goals. We provide this service via the Partnership, a network of qualified, expert advisors. We put financial wellbeing and responsible business choices at the heart of everything we do. We believe in the value of difference and know that diverse teams can help us problem solve and innovate for clients.

We look for people to join SJP to make an impact and to contribute to our culture, which is based around long-term relationships, doing the right thing, and being the best version of ourselves.

Location: Cirencester Office

Workplace Type: Hybrid

Employment Type: Permanent

Seniority: Mid-Senior Level

As a key member of our Prudential Risk team, you will support the Head of Investment Entities Risk Oversight and the Head of Prudential Risk in ensuring that our risk management framework is robust and effective. Your role will involve overseeing financial and prudential risks, assessing capital requirements for regulated entities, and ensuring we meet regulatory standards while maintaining appropriate solvency and liquidity buffers.

What you'll be doing:

• Develop and maintain solvency assessments and conduct dividend reviews for the Group and individual entities.
• Create and maintain Group and entity-level Recovery & Resolution plans.
• Deliver effective risk reporting to Executive forums and legal entity boards.
• Conduct ongoing oversight to understand material risks, including liquidity and credit risk.
• Enhance risk awareness and culture, providing challenge and support to Senior Managers and Risk Owners.
• Conduct Operational Risk Assessments and reverse stress tests.
• Provide risk input to support external reporting.

Who we're looking for:

• Strong understanding of prudential regulation (preferably IFPR) and risk management processes. Ideally, you hold GARP’s Financial Risk Management qualification or another relevant technical qualification.
• Background in UK Financial Services, preferably within Wealth Management, with familiarity with related products, services, operations, and regulations.
• Ability to analyse and present complex data impactfully, using sophisticated analytical thought to develop innovative solutions.
• Confidently forge your own path, using initiative to achieve outcomes and communicate key issues clearly to support good risk management.
• Excellent communication skills to influence, negotiate, and work with senior managers and their teams. Ability to handle challenging discussions with a calm, professional manner.

What's in it for you?

• Private Medical paid for by the Company.
• Meaningful protection benefits with real value, such as 10X life cover, PHI, and critical illness.*
• Non-Contributory Pension – 10% (increasing with length of service up to 15%) with further pension matching.
• Parental leave – 6 months full pay
• 28 days holiday entitlement plus bank holidays (based on full-time equivalent) with the option to buy up to an additional 5 days holiday

*Not applicable to Fixed-Term Contracts (standard uplift applies in lieu of the protection benefits)

Flexible Working
We know that everyone works best in different ways, at different times and in different environments. We have introduced a hybrid working policy to provide greater flexibility for part-time work, job-sharing, remote working, and flexibility on hours. Our people are encouraged to work in a flexible way that suits their lifestyle, so please ask the question and start a conversation!

Research tells us that applicants (especially those from underrepresented groups) can be put off from applying for a role if they do not meet all the criteria or have been on an extended career-break. If you think you would be a good match for this role and can demonstrate some transferable experience, please apply, regardless of whether you tick every box.

Reasonable Adjustments
We're an equal opportunities employer and want to ensure our recruitment process is accessible and inclusive for all. If you require reasonable adjustments at any stage, please let us know by emailing us at