We are working with an expanding banking Group based in Kent, who provide simple and straightforward day-to-day banking solutions to their specialist customers. They are looking for a Prudential Risk Manager to join the team.
THE RESPONSIBILITIES:
Work closely with the Head of Risk with implementing and embedding the risk management framework to ensure the Finance department are managing and reporting the financial and prudential risks faced by the Bank.
Support Finance to develop metrics including key risk and key performance indicators and undertake analysis of risk data/information for insights and possible impacts.
Facilitate the RCSA for the finance department and provide a 2LOD opinion on the identification of risks.
Assess the control environment to ensure the systems, processes and spreadsheets used within Finance remain effective and provide a 2LOD opinion.
Support the monitoring of risks arising from the business model and risks to the delivery of the Strategic plan.
Support the monitoring of risks arising from climate change and the treasury portfolio.
Provide timely and independent challenge on the Bank’s management of prudential, treasury, market and model risk.
Develop and undertake thematic reviews of key risk areas.
Working with the Compliance team and using the horizon scanning tool, review, track and monitor regulatory changes (relevant to prudential and treasury) and any other relevant communications from the regulators.
Where appropriate, provide the business with an interpretation of the changes to identify the potential affect and impact of the proposed regulatory change on the business. Where a more technical interpretation is required, liaise externally with consultants.
Undertake the 2LOD review and challenge of the 1LOD assessment of the capital requirements for operational risk within the ICAAP.
Undertake the 2LOD review and oversight of the ICAAP and ILAAP to ensure risks have been appropriately identified and mitigated and that the Bank is meeting regulatory requirements.
Working with the Chief Risk Officer and Head of Risk, lead with the annual review (or following significant change to the business model/strategy of the Bank) and update of the Recovery Plan and Wind Down Plan. Every other year, lead with the review and update of the Resolution Framework. Work closely with the business and finance with the delivery of both to ensure we meet our regulatory requirements.
Lead the review and update of the Stress Testing framework and proportionate approaches for reporting and scenario analysis.
Review and develop the stress scenarios to be used within the ICAAP, ILAAP, Recovery Plan and Reverse Stress Test. Understand and interpret the results of these stress tests.
Undertake the 2LOD review of capital and liquidity returns and other regulatory reports for example COREP.
Review and update the Model Risk Management Framework.
Lead on the 2LOD responsibilities with the completion of basic and technical validation checks of the models used within the Bank. Provide a 2LOD opinion on the Bank’s management of model risk.
EXPERIENCE REQUIRED:
Maintain compliance with all legal, regulatory and procedural requirements.
Maintain up to date knowledge of regulatory and legislative developments across all areas of responsibility.
Comply with the Individual Conduct rules.
Support the Bank in embracing good customer outcomes and supporting the embedding of the Conduct Risk Framework.
For further information please contact Natalie Antat
