Prudential Risk Lead

Griffin; London; Hybrid; GBP 80,000 - 95,000; Full time

Job summary

Griffin, a pioneering bank in financial technology, seeks a Prudential Risk Lead to oversee risk management and regulatory processes. Ideal candidates will bring over five years of relevant experience within the UK banking sector, ensuring regulatory compliance and contributing to a high-autonomy, remote-first culture. This role offers flexibility and a competitive salary, reflecting the importance of creating a pioneering future for financial services.

Benefits

Remote-first flexibility

25 days off + winter break

Support with home office setup

Tax-advantaged stock options

Private medical insurance

Enhanced parental leave

1:1 coaching and therapy

Qualifications

• 5+ years experience in prudential risk management and regulatory reporting in a UK bank or consultancy firm.
• Detailed knowledge of UK banking regulation and legislation.
• Experience in overseeing regulatory processes like ICAAP and ILAAP.

Responsibilities

• Oversee Treasury activities and associated risks, deputizing as needed.
• Carry out assurance reviews on prudential documents and regulatory reporting.
• Provide second line input to change management projects.

Skills

Prudential risk management

Regulatory reporting

Communication skills

Coding knowledge

Job description

Hi, we’re Griffin! We’re the bank for companies who want to build and launch financial products.

Our context

We're rapidly heading towards a future where most of us access financial services through technology companies rather than high street banks. All sorts of companies are now embedding financial products into their apps and user journeys so that their customers can seamlessly make payments, manage expenses, take out loans, save, invest, and do more.

The problem is that companies are still dependent on legacy banking infrastructure if they want to offer regulated financial products. They need to either partner directly with an (slow-moving, risk-averse) incumbent bank and/or stitch together middleware from various Banking as a Service (BaaS) providers. This process is slow, expensive, and complex and makes it very hard for companies to get new financial products off the ground.

At Griffin, we want to change this.

Our purpose

We want to make it easy for companies to bring finance to their customers at the point of greatest relevance. So, we built a bank.

But not just any bank! Griffin is a technology platform and a bank: fully regulated, API-first, developer-centric, and purpose-built to serve innovative fintechs and brands who want to build and embed financial products.

Our culture is our most important asset, and one of the ways we safeguard it is by being extremely intentional about hiring the right people. We won't hire people who don’t seem like a strong fit for our core values, even if they're otherwise extremely qualified.

We also believe that smart, motivated, conscientious people thrive in high-trust, high-autonomy environments. That’s why we’re transparent by default, and we encourage open discussion and challenge across all levels of the organisation. We’re also remote-first, asynchronous, and fully flexible - because you're the expert on how and when you do your best work.

Griffin has a new but relatively well established second line function. If successful, you will be working with our Head of Enterprise Risk. Because we a start-up bank, you will also be working closely with the first line while remaining independent, supporting the embedding of a strong three lines of defence model.

You will have a real and meaningful impact on how we approach risk at Griffin. We're not putting patches on legacy frameworks, we're laying the foundations of the future of global financial infrastructure.

Who are you

The ideal candidate for this job will have most of the following:

• 5+ years experience in prudential risk management (capital and liquidity) and regulatory reporting, in a UK bank or consultancy firm.
• Detailed working knowledge of UK banking regulation, legislation and standards.
• Experience with overseeing the regulatory reporting, ICAAP, ILAAP, RP and SEP processes, as well as integration of capital and liquidity calculations.
• Some experience in managing or overseeing at least one of the following risks: model risk, operational risk, enterprise risk, IRRBB risk.
• Strong written and verbal communication skills.
• Coding knowledge (preferably).
• Experience in the fintech space or start-up banks (preferably).

We’re hybrid-remote and most of your colleagues will not share an office with you on a day-to-day basis. This means you should also have:

• A high degree of comfort adopting new software tools for document drafting, collaboration and communication.
• A love of writing - we have a major amount of written documentation that you will be contributing to, and we place a high degree of importance on clarity and readability (you can find out more here about how we write )

What will you be doing here?

As a Prudential Risk Lead at Griffin, you will be working closely with the Head of Enterprise Risk, the CRO and other teams to:

• Oversee and challenge on Treasury activities and the associated risks (e.g., liquidity, capital, IRRBB, model, etc), deputising for the Head of Enterprise Risk and/or the CRO at the ALCO, as needed.
• Carry out second line assurance reviews on the prudential documents ICAAP, ILAAP, RP, SEP), model risk and regulatory reporting.
• Support the Head of Enterprise Risk with second line operational risk processes if needed (e.g. RCSA, control attestation, risk events and incidents, horizon scanning, reports risk appetite metrics, manage agenda committees and content, etc).
• Own the second line oversight of the risks assigned to them in the Enterprise Risk Management Framework, acting as SME for those risks.
• Provide second line input to change management projects.
• Any other second line activity as requested by the Head of Enterprise Risk.

You may also be asked to take on special projects and other assignments as requested by the Head of Enterprise Risk and the CRO team.

What can we offer you?

We are an early stage startup and we're working hard to expand our benefits package. We're planning to add to this list in the future.

• This role will have an annual salary of £80,000-95,000, depending on experience.
• Remote-first flexibility - work from anywhere in the UK
• 25 days off a year + winter break(we close in between Christmas and New Year) + bank holidays
• Support with home office setup
• Tax-advantaged stock options under HMRC's Company Share Option Plan (CSOP)
• 1:1 coaching and therapy through Oliva
• Auto-enrolment into company pension scheme with Penfold
• Enhanced parental leave with up to 6 months at full pay
• Private medical insurance and life insurance (provided by Vitality and AIG respectively)

Are we your next move? Apply via the link below, if there's a match our Talent team will reach out to schedule an initial conversation and talk you through our what happens next.

We have a small London office in Moorgate, but we are comfortable hiring people to work from anywhere in the UK. About a third of the company is based within occasional commuting distance of London, the rest are full-time remote.

Under representation

Our goal is for Griffin to proportionally represent the diversity of the working population in society. We’re working to ensure that Griffin is a supportive, empowering and inclusive environment for every member of our team — whatever your combination of race, ethnicity, gender, age, sexual orientation, physical ability, nationality, neurodiversity, and religious beliefs. If you’re part of a group that is under-represented in fintech, we’d love to hear from you

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