Prudential Risk Manager | Risk

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This is a hybrid role working 3 days in the office (City of London location) and 2 days working from home.

Role Purpose:

To support the Head of Prudential Risk in the day-to-day monitoring and management of prudential risk.

Responsibilities:

Capital

• Own the Bank's Pillar 2a credit stress testing and write the relevant sections of the ICAAP
• Own the Bank's Pillar 2b credit stress testing to derive the Pillar 2b Credit Risk assumptions

Recovery Planning

• Own the Bank's Recovery Plan models
• Provide assessment of recovery measures and take into account linkages between the Recovery Plan, the ICAAP, and ILAAP
• Ensure compliance with internal / external policies and definitions and adhere to regulatory requirements

Regulatory Developments

• Follow and analyse prudential regulatory developments and comment on proposed changes

Model Risk Management

• Ensure that all Prudential Risk models are compliant with the Model Risk Management Policy
• Organise workshops in line with the Model Risk Management policy to ensure that the Credit Risk models remain fit for purpose

Skills and Experience sought:

• Detailed understanding of liquidity, capital and recovery planning requirements
• Experience in preparing ICAAP, ILAAP, and RRP documents
• Knowledge of LCR, NSFR, and Liquidity Funding Plan
• Good understanding of stress testing processes and approaches
• Ability to analyse banking products, to identify the key risk factors and develop appropriate stress testing parameters
• Good project management skills
• Attention to detail and a high level of accuracy
• Commercially astute with analytical mind and approach

Technical Knowledge sought:

• Familiarity with the PRA capital and liquidity prudential requirements
• Strong organisation and analytical skills with an attention to detail
• Excellent Microsoft Office skills (Word, PowerPoint, Excel)
• Strong data skills i.e. awareness of system databases and data warehouses and the ability to interact with them via SQL, VBA and/or data visualisation and modelling tools (e.g. Pandas, Power BI etc.)

Remuneration and Benefits:

• Competitive Salary and Bonus package
• 26 Days Holiday
• 2 Wellbeing Days
• Contributory Pension
• Life Insurance / Income Protection / Critical Illness cover
• Private Medical Insurance
• Season Ticket Loans
• Excellent career development opportunities and where appropriate sponsorship of a relevant qualification