Prudential Risk Manager

Michael Page Banking; City Of London; Hybrid; GBP 80,000 - 90,000; Full time

Benefits offered by this job

Enhanced maternity/paternity leave

Generous benefits package

Competitive bonus scheme

Hybrid work arrangement

Job summary

Michael Page Banking is recruiting a Prudential Risk Manager in London to oversee the prudential risk framework, including ICAAP and RRP, and to provide actionable insights to mitigate exposures. You’ll interact with the C-Suite, prepare regulatory reports, and drive risk projects across departments.

The role requires strong communication, regulatory knowledge, and capability to adapt to evolving Basel 3.1 standards. Hybrid work with in-office and home arrangements is offered.

Qualifications

• Strong knowledge of prudential regulations and risk management practices.
• Excellent communication skills for reporting to executives.
• Experience with ICAAP and Basel 3.1 considerations.

Responsibilities

• Maintain and enhance the prudential risk framework including ICAAP and RRP.
• Provide insights from risk exposures to inform mitigations.
• Deliver reports to senior stakeholders and regulators.
• Collaborate with other departments to align risk policies.
• Conduct stress testing and scenario analysis.
• Monitor regulatory changes and recommend adjustments.
• Support development of risk training materials.
• Lead or contribute to risk-related projects.

Skills

Regulatory risk

C-Suite communication

ICAAP knowledge

Data analysis

Risk assessment

Education

Professional accounting qualifications or certifications

Tools

Regulatory frameworks

Job description

As a Prudential Risk Manager in Challenger Banking, you'll oversee and manage risk frameworks (specifically ICAAP, RRP) to ensure regulatory compliance and operational efficiency. Your role will focus on identifying, assessing, and mitigating risks to support the organisation's financial stability and strategic goals.

Client Details

Growth Challenger Bank with Business Lending lines across Mortgages, Loans, Savings, Online Payments with expanding product lines. To embark on Consumer Lending further in next phase. City of London based hq.

Enjoyed recent tranche of new funding to boost growth and keep present management team in place for long term.

Description

Prudential Risk Manager

• Maintain and enhance the prudential risk framework to ensure compliance with regulatory requirements - own ICAAP and RRP.


• Access constantly to C-Suite level, so excellent communications skills.


• Monitor and assess the organisation's risk exposures, offering actionable insights for mitigation (e.g. some horizon scanning/basel 3.1).


• Prepare and deliver comprehensive reports for senior stakeholders and regulatory bodies.


• Collaborate with various departments to ensure alignment with risk management policies (e.g. help with ILAAP - not essential to have owned before).


• Conduct stress testing and scenario analysis to evaluate potential impacts on the organisation.


• Stay updated on regulatory changes and provide recommendations for necessary adjustments.


• Support the development of risk training materials for internal teams.


• Lead or contribute to risk-related projects and initiatives as required.

Profile

A successful Prudential Risk Manager should have:

• Strong knowledge of prudential regulations and risk management practices in a Small to Mid sized Bank/Challenger/Disruptor OR may come from Big 4/Top 20 Practice with Prudential Assurance/Consulting for similar clients.


• ICAAP knowledge front-to-back.


• Proficiency in analysing financial data and conducting risk assessments (e.g. data mapping exercises).


• Excellent communication skills for preparing reports and liaising with stakeholders (great comms given this role will have access constantly to C-Suite level).


• A detail-oriented mindset with strong problem-solving abilities.


• Relevant professional accounting qualifications or certifications in accounting, finance, or risk management.

Job Offer

• Competitive salary ranging from £80,000 to £90,000, dependent on the level of experience.


• Generous Benefits Package and enhanced maternity/paternity leave.


• Competitive bonus scheme.


• 3x days a week in City of London office, 2x days a week working from home flexibly.


• Permanent position in a top Challenger Bank.

We are committed to creating an inclusive environment. As an inclusive recruiter we welcome applications from people of all backgrounds, identities and experiences. If you require any adjustments or accommodations during the recruitment process, we'll work with you to ensure you can perform at your best.