Senior Prudential Risk Manager

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Welcome to Al Rayan Bank, the longest established and most successful Islamic bank in the UK.

Al Rayan Bank is an extraordinary and flourishing institution that celebrates diversity and values ethics. As a prominent member of the Masraf Al Rayan Group, one of the largest bank's in Qatar, we are fuelled by an unwavering ambition for excellence, promising you an exhilarating journey ahead.

At Al Rayan Bank, we embrace change as an opportunity for positive transformation. Currently, our focus lies on building a culture of inclusivity and diversity, creating an environment where every individual's unique perspectives are valued.

We understand the importance of work-life balance and flexibility, and we are committed to empowering our employees to thrive both personally and professionally.

The Bank is going through the most successful period in its history, and this success is a testament to the hard work, dedication, and expertise of our incredible team. Join us on this exciting venture, where you'll have the chance to make a significant impact while enjoying a supportive and rewarding work environment.

Come and join us and be part of something extraordinary.

We have a fantastic opportunity for a Senior Prudential Risk Manager at our London Office. The Senior Prudential Risk Manager will play a vital role in supporting the Head of Risk in overseeing and shaping the prudential risk management practices across the Bank. The role will involve carrying out all aspects of the day-to-day second line risk management duties and assist in developing and implementing enhancements to the risk management tools, models, and processes, whilst maintaining awareness of the current regulatory/industry trends impacting the Bank's risk management principles, policies and procedures.

The Senior Prudential Risk Manager will also be driving and overseeing projects such as the design and implementation of Basel 3.1, model risk management, climate change risk assessments, and appropriate Management Information to support good second line Risk management. There will also be cross-cover in the absence of the Credit Risk Analyst to run the Bank's ECL model.

Key Responsibilities

• Day-to-day monitoring and second line oversight, including appropriate assurance and testing of key Prudential Risk processes including, but not limited to, capital and liquidity forecasting and modelling, funding planning, relevant limits and controls, stress testing, recovery planning, solvent exit analysis and management reporting.
• Ensure robust second line oversight, including appropriate assurance and testing of the Treasury and Finance functions on prudential risk management topics, including management of liquidity risk, funding plans, IRRBB, FX risk, capital risk and wholesale credit risk.
• Interact with a range of stakeholders including Executive and Board level to build and streamline existing processes, offering a balance between the business and technical elements of risk management.
• Support the development and oversight of Prudential Risk policies, ensuring policies are implemented, and a fit for purpose control regime is in place to highlight and solve policy gaps and exceptions.
• In conjunction with the Finance function, co-ordinate the delivery of the Internal Capital Adequacy Assessment Process (ICAAP), Internal Liquidity Adequacy Assessment Process (ILAAP), the Recovery Plan and Resolution Pack (RRP) and Solvent Exit Analysis (SEA), ensuring appropriate risk challenge and oversight in the process, and alignment between the key deliverables.
• Preparing and presenting (when required) Prudential Risk Management Information reporting to Management & Board Committees.
• Proactively analyse and report emerging trends / regulatory changes and assess the impact to the Bank. This includes ad-hoc investigations, external reporting and the regular provision of regulatory horizon scanning and associated impact assessments.
• Deliver one off activities and projects to the outcomes and standards agreed with line manager.

Qualifications & Experience

• Masters/Degree educated preferably in a Risk Management background

Knowledge & Skills

Essential

• Strong background in Risk Management, preferably having both enterprise risk and prudential risk experience
• Understanding of IFRS9 / Expected Credit Losses (ECL)
• Analytical, innovative and enquiring approach and the ability to work autonomously and take initiative where required
• Strong organisational and personal effectiveness skills, including time and project management
• Excellent oral and written communication, facilitation skills and ability to present confidently and to work effectively with staff and management at all levels
• Assertiveness and the knowledge, strength and ability to discuss, explain and support a decision, or other role specific matters of a technical nature, to a range of audiences of varying seniority
• Good report writing skills
• Analysis and interpretation of Management Information
• Ability to identify and resolve issues and manage work from inception to completion, prioritising work effectively
• Excellent attention to detail and accuracy
• Excellent knowledge of Microsoft Office packages
• IT literate with the ability to effectively use all Bank proprietary systems relevant to role
• Ability and willingness to adopt a flexible approach to address specific work demands
• Experience working in a regulated environment

Desirable

• Understanding of Islamic Finance

Behavioural Competencies

You will be required to demonstrate our 1Team values and associated behaviours which are outlined below:

• Trusted to do the right thing
  To act with total integrity. Put the customer first and stick to our promises.
• Empowered to own
  To embrace change, take responsibility and ask for help when needed.
• Able to deliver
  To draw on each other's strengths and believe in 'no blame' and 'no ego's'. Show resilience.
• Motivated to succeed

To be passionate about our work. Look for opportunities to learn and grow and celebrate each other's success.

Conduct

We expect staff to follow the standards required by our regulators. At all times:

• Act with integrity
• Act with due skill, care and diligence
• Be open and co-operative with regulators
• Pay due regard to the interests of customers and colleagues and treat them fairly
• Observe proper standards of market conduct
• Act to deliver good outcomes for retail customers

This is a fantastic opportunity to join our growing bank where we can offer exceptional opportunities for you to make your mark and progress your career in a diverse, ethical bank that you can actually believe in.

Empowering your career, together we'll deliver banking you can believe in.