Sterling Williams are working with a London based Bank who are looking to hire a Senior Prudential Risk Manager who 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.
The Senior Prudential Risk Manager will also drive and oversee 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.
Key Responsibilities will include but not limited to:
- Day-to-day monitoring and second line oversight, including appropriate assurance and testing of key Prudential Risk processes including, 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.
- 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 Finance, 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
- 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.
The successful candidate will have:
- Strong background in Risk Management, preferably having both enterprise risk and prudential risk experience in a banking environment
- Understanding of IFRS9 / Expected Credit Losses (ECL)
- Analytical, innovative and enquiring approach and the ability to work autonomously and take initiative where required
- 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
- Analysis and interpretation of Management Information
- ·Ability to identify and resolve issues and manage work from inception to completion, prioritising work effectively