Prudential Risk Manager

ACCA Careers; Greater London; Hybrid; GBP 80,000 - 90,000; Full time

Benefits offered by this job

Generous benefits

Enhanced maternity/paternity leave

Competitive bonus scheme

Hybrid work schedule (3 office days /

2 remote days per week

Permanent position

Job summary

Growth Challenger Bank in London seeks a Prudential Risk Manager to oversee ICAAP and RRP, strengthening regulatory compliance and risk controls.

The role offers a permanent hybrid setup with 3 days in City of London office and 2 days remote, salary £80,000–£90,000 plus benefits.

Qualifications

• Strong knowledge of prudential regulations and risk management practices.
• ICAAP knowledge front-to-back.
• Proficiency in analysing financial data and conducting risk assessments.

Responsibilities

• Maintain and enhance the prudential risk framework to ensure regulatory requirements.
• Own ICAAP and RRP processes and related reporting.
• Monitor risk exposures and provide actionable mitigation insights.
• Prepare reports for senior stakeholders and regulators.
• Collaborate across departments to align risk management policies.
• Lead or contribute to risk-related projects.

Skills

ICAAP knowledge

RRP knowledge

Regulatory reporting

Stress testing

Financial data analysis

Stakeholder communication

Education

Professional accounting qualifications or certifications in accounting, finance, or risk management

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

• 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.

People are at the heart of Michael Page. 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.