Prudential Risk Manager

TN United Kingdom; London; Hybrid; GBP 50,000 - 90,000; Full time

Job summary

An innovative fintech challenger bank is seeking a Prudential Risk Manager to enhance its financial stability. This role involves assessing risks, managing regulatory compliance, and developing risk management strategies. You will collaborate with various teams to support capital planning and ensure adherence to prudential regulations. The position offers a hybrid working arrangement, competitive salary, and a range of benefits including a performance-related bonus, generous pension scheme, and wellbeing support. Join a company committed to diversity and inclusion, where your expertise can make a significant impact.

Benefits

Annual Performance Related Bonus

Contributory Pension Scheme

Life Assurance

25 Days Annual Leave

Extra Day for Volunteering

Healthcare Benefits

Free Eye Test Vouchers

Discounted Gym Membership

Season Ticket Travel Loans

Qualifications

• Proven experience in prudential regulatory reporting for a regulated institution.
• In-depth knowledge of UK and European banking regulations.

Responsibilities

• Assess and manage risks related to financial stability.
• Coordinate self-assessments and present at risk committees.

Skills

Prudential Regulatory Reporting

Risk Management Tools

Data Analytical Skills

Communication Skills

Problem-Solving Skills

Education

Degree in Finance or Related Field

Tools

Regulatory Reporting Systems

Job description

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We have an opportunity for a Prudential Risk Manager to join us on the exciting and rewarding path we are taking here at Castle Trust Bank. Having become a fully authorised bank in 2020, we pride ourselves in being a fintech challenger bank, providing specialist property mortgages, retail finance lending and savings accounts to a variety of customers.

Joining our Finance function, you will assess and manage risks related to Castle Trust Bank’s financial stability by analysing capital adequacy, risk appetite, and regulatory compliance. Responsibilities will include monitoring Prudential rule changes (e.g., Basel 3.1), executing the ICAAP, RRP, Solvent Wind Down, ILAAP, and LCP, and supporting regulatory interpretations. You will also coordinate self-assessments, present at the Accounting Policy & Regulatory Reporting Committee, and develop prudential risk management strategies.

You will collaborate with teams such as Regulatory Reporting, Finance, Treasury, and Risk in supporting capital and liquidity planning. You will provide expertise on prudential risks (credit, market, liquidity, operational) and prepare risk MI for the Risk Forum and Board Risk Committee. Additionally, you will coordinate the annual refresh and publication of Pillar 3 disclosures.

This role involves advising on prudential risk management best practices, performing horizon scanning for regulatory changes, supporting the development of reporting systems, and ensuring effective implementation of regulatory changes by the Regulatory Reporting team.

The role will be on a hybrid working arrangement, 3 days a week from our London office and the rest of the week from home.

What we are looking for in you…

What is important to us is that you have proven experience working in a financial institution, consultancy or bank with a track record of delivering prudential regulatory reporting (ICAAP, ILAAP, LCP and Recovery Plan) for a regulated banking or credit institution, operating under pressure and to tight deadlines. You will have in-depth knowledge of European and UK banking regulation and a keen interest in emerging regulatory developments, in addition to regulatory requirements and guidelines related to prudential risk management (Basel III). You will be proficient in the use of risk management tools, with a willingness to change and improve processes and procedures.

What is also important is that you have excellent written and verbal communication skills with the ability to communicate effectively at all levels. Considering the nature of the role, you will possess excellent data analytical and problem-solving skills with the ability to pay meticulous attention to detail.

What’s in it for you…

As well as a competitive salary, we offer an annual performance related bonus (up to 10% of base salary) based on individual and company performance. In addition, a generous contributory pension scheme through Hargreaves Lansdown, life assurance, 25 days annual leave (plus bank holidays on top) with the option to buy/sell up to 5 additional days (terms apply). In addition, you will receive an extra day paid annual leave for Volunteering.

Wellbeing is also high on our agenda, and we offer healthcare benefits through Equipsme. In addition, all colleagues have free access to TELUS Health EAP to support their health and wellbeing. We also offer free eye test vouchers and discounted gym membership, and if that’s not enough, we also offer season ticket travel loans (if applicable).

Caught your attention? If so, we’d love to talk to you and tell you more about what it’s like to work at Castle Trust Bank – The Place To Work!

Castle Trust Bank is an equal opportunity employer where we celebrate diversity and are committed to creating an inclusive environment for all our colleagues to thrive. We welcome applications from all and will not discriminate against any status/characteristic protected by law and will always base our decisions on merit.

We are proud to support people with disabilities and are committed to be a Disability Confident employer. If you are a person with a disability and meet the minimum criteria for the role you will be offered an interview. Should you require any reasonable adjustment to support you in your application for one of our opportunities, please contact [emailprotected]

Check out our careers page: https://www.castletrust.co.uk/careers/who-we-are