Prudential Risk Lead: ICAAP & ILAAP Oversight

Rothstein Recruitment; Greater London; On-site; GBP 150,000 - 230,000; Full time

Job summary

Rothstein Recruitment is seeking a Head of Prudential Risk for a senior second line leadership role in a UK banking environment. You will oversee ICAAP/ILAAP, capital, liquidity and model risk, with direct engagement to regulators and senior stakeholders.

You will shape the prudential risk framework, drive risk insights and robust challenge, and report to the CRO while guiding governance through key committees.

Qualifications

• Significant prudential risk experience within UK-regulated wholesale, corporate or international banking.
• Strong expertise in Capital Risk, ICAAP, Liquidity Risk and ILAAP from a second line risk perspective.
• In-depth understanding of UK prudential regulations (CRR/CRD) and Basel frameworks.
• Experience overseeing regulatory reporting, stress testing and recovery planning processes.
• Knowledge of IRRBB, FX risk, derivatives and Treasury-related risk management.
• Exposure to model risk management and validation frameworks.
• Strong stakeholder management with ability to influence at Executive and Board level.
• Excellent analytical, communication and regulatory interpretation capabilities.

Responsibilities

• Provide second line oversight and challenge across capital, liquidity, market, treasury and model risk.
• Lead independent review and challenge of the ICAAP and ILAAP, including stress testing and capital and liquidity planning.
• Oversee the bank's Capital Risk framework and ensure monitoring against risk appetite and regulatory expectations.
• Review and challenge prudential regulatory reporting and disclosures.
• Provide oversight of Interest Rate Risk in the Banking Book (IRRBB), FX risk and derivatives-related exposures.
• Maintain oversight of model risk governance, validation and ongoing monitoring activities.
• Evaluate prudential implications of new products, strategic initiatives and material transactions.
• Support Recovery Planning and Solvent Wind-Down preparedness.
• Monitor emerging regulatory developments and provide pragmatic interpretation and guidance to the business.
• Deliver high-quality reporting and risk insights to senior management and governance committees.

Skills

Prudential risk

Capital risk

ICAAP

ILAAP

Liquidity risk

Regulatory reporting

Stress testing

Recovery planning

IRRBB

FX risk

Derivatives risk

Model risk management

Stakeholder management

Executive/Board communication

Job description

Rothstein Recruitment is seeking a Head of Prudential Risk for a senior second line leadership role in a UK banking environment. You will oversee ICAAP/ILAAP, capital, liquidity and model risk, with direct engagement to regulators and senior stakeholders.

You will shape the prudential risk framework, drive risk insights and robust challenge, and report to the CRO while guiding governance through key committees.