Risk Analyst

iFAST Global Bank Ltd; London; On-site; GBP 35,000 - 40,000; Full time

Job summary

A UK-based financial institution is seeking a Risk Analyst to support prudential risk management operations. This role involves conducting risk assessments, engaging in stress testing, and assisting in compliance efforts. Candidates should have a degree with at least a 2:1 classification and 1-2 years of prudential regulatory experience. The bank offers a competitive salary, hybrid working options, and extensive benefits, including private medical insurance and gym access.

Benefits

Competitive salary of £35k - 40k

25 days annual leave plus 8 bank holidays

Pension scheme (4% employer contribution)

Private Medical Insurance

Training and development

Free gym access in the building

Qualifications

• Possess a relevant degree with at least a 2:1 classification.
• 1-2 years of prudential regulatory experience is preferred.
• Familiarity with UK CRR, CRD, and the Prudential Regulation Authority's Rulebook.

Responsibilities

• Conduct targeted risk assessments on prudential risks.
• Engage in risk-related processes such as stress testing.
• Review and challenge the Bank’s Prudential Risk documentation.
• Monitor the Bank's financial ratios from a risk management standpoint.
• Advise business areas on their risk management responsibilities.

Skills

Prudential regulatory experience

Understanding of capital, market and liquidity risks

Strong communication skills

Report writing skills

Education

2:1 or above degree from recognised UK university

Job description

Overview

The role will provide an opportunity for the Risk Analyst to gain an insight into prudential risk management in dynamic environment and be part of the journey in developing the function as the Bank grows.

The prudential risk team consist of Senior Manager, Risk Management and Credit Risk Analyst. The team is responsible on all prudential risk management matters such as analyse the Bank’s capital adequacy, risk appetite, and regulatory compliance to ensure it can withstand potential financial shocks. It is also responsible to assist in developing risk management strategies, implement controls, and monitor prudential risk exposures.

Responsibilities

• Assist in conducting targeted risk assessments to understand specific, material and financially focused risks, such as capital, market, liquidity and credit risk
• Driving business engagement in risk-related processes such as stress testing or portfolio forecasting
• Assist in reviewing and challenging the Bank’s Prudential Risk documents namely the Recovery Plan, the ICAAP and ILAAP are updated to reflect regulatory requirements and market best practices annually.
• Act as second of line of defence in monitoring the Bank’s financial ratios from both the risk management and regulatory compliance point of view
• Assist in reviewing and challenging the Bank’s regulatory returns prepared on periodic basis
• Supporting the embedding the Bank’s prudential risk management framework into its operations and processes.
• Providing advice to business areas to help them understand their risk management responsibilities

Qualifications

The successful candidate will likely possess the following (or equivalent qualifiers):

• A 2:1 or above degree from recognised UK university

Experience and Skills

• 1-2 years prudential regulatory experience
• Understanding UK CRR, CRD, and familiarity with the Prudential Regulation Authority’s Rulebook
• Understanding of capital, market and liquidity risks
• Strong communication and report writing skills

Independent Action & Decision Making

• Excellent problem solving and collaboration skills

Accountability for Actions/Results

• A focus on delivering high quality output and have a focus on quality and risk.

Benefits

• Competitive salary of £35k - 40k depending on experience
• 25 days annual leave entitlement plus 8 bank holidays
• Pension scheme, 4% employer contribution
• Private Medical Insurance
• 60-40 Hybrid working after successful probation period
• Training and development
• Free gym access in the building