Prudential Risk Officer

Location: Central London (Office Based)

Salary: circa £35k + Excellent Benefits

Job Type: Full Time, Permanent

Our client who are a prominent foreign bank, seeks a Prudential Risk Officer to join their team in London.

Working within the Risk Management unit, you will provide key support in the management of prudential risk, focusing on capital, market, liquidity, and model risks.

The Role:

The primary focus of this role is to offer second line of defence oversight and scrutiny of key risks including strategic, prudential, treasury, market, liquidity, and model risk management.

The objective is to guarantee the business possesses a thorough and precise understanding of its risks by delivering guidance, assistance, and reassurance to management regarding the identification, evaluation, mitigation, and reporting of risks by both business and support functions.

This position offers an exciting opportunity for new job seekers to play a pivotal role in overseeing the Enterprise Risk Management and Control Framework (ERMF), contributing to its development and implementation, and actively participating in risk quantification, scenario analysis, and stress testing execution.

Responsibilities:



* Maintaining oversight of capital, liquidity, and financial risk appetite across market, credit, and liquidity risks,


* Contributing to the preparation of various regulatory reports such as ICAAP, ILAAP, RRP, and Pillar 3 Disclosures.


* Performing regular capital adequacy assessments and reporting to Executive Management, monitoring Interest Rate Risk in the Banking Book (IRRBB),


* Generating periodic reports for monitoring and regulatory purposes including LCR, NSFR, and Liquidity Stress Tests.


* Maintaining and updating the Banks Model inventory, supporting Treasury in setting and monitoring limits, and producing comprehensive risk reports for various committees and stakeholders.


* Engage with Internal and External Auditors, Group Office, Bank's Board, and Regulators on prudential matters, ensuring timely escalation of issues and providing coaching and support as needed.


Its an excellent opportunity for individuals looking to grow and develop their skills in a dynamic and challenging environment.

Requirements:



* A degree-qualified banker with a minimum of 5 years experience in a UK regulated financial institution.


* Demonstrated understanding of current regulatory issues, including UK and European regulations.


* Extensive experience in prudential risk management and model risk management.


* Solid grasp of business operations encompassing Treasury, Retail Banking, Trade Finance, and Mortgages, along with associated processes and risks.


* Proven track record in conducting stress testing using purpose-built models and End-User Computing (EUC) tools.


* Proficient in crafting high-quality presentations for meetings, workshops, and trainings.


* Skilled in effectively challenging and influencing various stakeholders.


* Strong written and verbal communication skills with the ability to lead discussions to ensure comprehension.


* Thorough understanding of model validation principles.


* Exceptional planning and organisational skills with keen attention to detail.


* Excellent technical proficiency and comprehensive knowledge of relevant legislation and regulation.


Benefits:



* Generous Pension


* Private Medical


* Life Assurance


* Season Ticket Loan


* Gym Membership


* Career Development


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