Risk Analyst - Prudential Risk

Recruitment Outsourcing; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A financial investment firm in London is seeking a Risk Aggregation professional to manage regulatory documents, oversee compliance, and develop internal risk assessments. Candidates should have experience in risk management from investment management or banking. The role requires excellent communication skills, strong analytical abilities, and proficiency in Microsoft tools. This position offers an inclusive work environment that values diversity.

Qualifications

• Experience in risk management through investment management, banking or regulatory roles.
• Good/advanced proficiency with Microsoft Excel, Word, PowerPoint.
• Ability to review regulatory information relevant to the role.

Responsibilities

• Oversee and challenge key regulatory documents.
• Support the development and review of ICARAs.
• Manage risk assessment requirements for SPML.

Skills

Risk management experience

Excellent verbal and written communication skills

Strong time management

Attention to detail

Analytical problem-solving

Collaborative approach

Education

Graduate level education

Investment Management Certificate

ACA/ACCA

CFA

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

AI tools

Job description

Job Description

We are seeking an individual with the skills and drive to effectively manage the full suite of responsibilities handled by the Risk Aggregation Team. This role requires overseeing and challenging key regulatory documents - including the Group Internal Capital Adequacy Assessment Process (ICAAP), Recovery Plan, Resolution Pack, and Wind-Down Plan - while working with subject matter experts and senior stakeholders to ensure compliance and high standards for Board approval.

The successful candidate will also support the development and review of solo-entity Internal Capital and Risk Assessments (ICARAs), ensuring adherence to the latest Investment Firms Prudential Regulation (IFPR). In addition, you will be expected to take ownership of risk management requirements for Schroder Pension Management Limited (SPML): delivering the annual Own Risk and Solvency Assessment (ORSA), preparing quarterly ORSA summaries, maintaining the ORSA Policy, and contributing to Pillar 3 reporting.

This position also involves overseeing the Group's and UK regulated entity material regulatory reporting obligations by collaborating with Group Finance and other departments to produce the quarterly dashboard for the Group Chief Risk Officer (CRO). Staying informed about regulatory changes impacting prudential risk activities, conducting impact assessments, and assisting with reviews are essential aspects of the role.

Key Responsibilities

• Develop a broad understanding of prudential risk regulatory requirements, capital methodologies and the Group's risk framework.
• Assist with oversight and challenge of the Group ICAAP, Recovery Plan, Resolution Pack and Wind-Down Plan by liaising with subject matter experts across Group Finance, Group Treasury, Group Risk & Compliance teams, and the wider business.
• Contribute to the risk sections of the solo-entity ICARAs and help review the overall documents, results, and conclusions.
• Support the assessment of IFPR developments, working closely with other risk teams and the Finance team.
• Manage the annual material risk review for certain legal entities which supports the ICAAP and ICARA.
• Help review results of stress testing and reverse stress test scenarios for the ICAAP and ICARAs.
• Project manage delivery of the annual SPML ORSA review, quarterly ORSA updates and annual SPML risk appetite review.
• Manage running of the SRC, organising the agenda, papers, and key stakeholders.
• Manage ad-hoc and regular risk reporting for the quarterly SPML Risk Committee and SPML Board.
• Support day-today matters, ad-hoc requests and ongoing regulatory requirements for SPML or the Group.
• Contribute to SPML and IFPR Pillar 3 disclosures risk sections and overall review of the report.
• Keep up to date with relevant regulatory changes and developments relevant to the Group's Prudential Risk activities and assist with interpretation and impact assessments as required.
• Produce the quarterly Group Regulatory Reporting oversight report, liaising with Group Finance and others as required.

Requirements

• Experience in risk management through one of the following routes: Investment Management, Banking, Risk analyst/specialist, Regulatory specialist, Audit/assurance.

Desirable Qualifications

• Investment Management Certificate
• Graduate level education
• Good/advanced proficiency with Microsoft Excel, Word, and PowerPoint, AI
• Ability to obtain and review regulatory and industry information relevant to the role and our business.
• ACA/ACCA
• CFA

Other Skills

• Excellent verbal and written communication skills, with the ability to grasp complex concepts and present them clearly.
• Strong time management and the capability to organise personal workload effectively.
• Collaborative approach, able to build productive relationships with colleagues across varying levels of seniority.
• Meticulous attention to detail, complemented by robust analytical and problem-solving abilities.
• Proactive attitude, eager to grow within the role and embrace additional responsibilities.
• Ability to understand broader contexts and evaluate issues in relation to overall risk.
• Skilled at networking and maintaining professional relationships.

We recognise potential, whoever you are. Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought, facilitated by an inclusive culture, will allow us to make better decisions and better achieve our purpose. This is why inclusion and diversity are a strategic priority for us and why we are an equal opportunities employer.