Overview

Head of Prudential Risk role at Crown Agents Bank. Reporting to the CRO, provide second line oversight on the Group’s management of prudential risks, including capital, liquidity, market (FX and interest rate), strategic and model risks. Support the Group’s compliance with prudential regulatory requirements and assessment/reporting of enterprise wide risks.

Role Responsibilities

• Provide second line oversight for the Group’s management of prudential risks; including capital, liquidity, market (FX and interest rate), strategic and model risks.
• Provide second line oversight of the Finance and Treasury functions. Undertake second line control reviews on prudential risk management and Treasury activities, including reviewing operational processes, reporting, stress testing, hedging strategies, etc.
• Support the development and maintenance of the risk management framework and risk appetite limits relating to capital, liquidity, market and model risks.
• Provide challenge and oversight regarding the production of ILAAP, ICAAP, Recovery and Resolution Plans, stress testing, and provide support during regulatory interactions.
• Provide second line reporting to relevant governance committees on prudential risk matters. Standing attendee and active contributor at ALCO.
• Monitor adherence to prudential risk appetite limits and other internal/regulatory prudential risk limits, monitoring KRIs, KPIs and EWIs.
• Review and oversee prudential risk regulatory reporting.
• Support the production of the Annual Report and Accounts and Pillar 3 disclosures.
• Undertake prudential regulatory horizon scanning, conduct impact assessments, and engage stakeholders to drive regulatory change.
• Report and advise on new and emerging prudential regulation relevant to the bank. Advise business on the potential impact of changing prudential regulation.
• Review and advise on the prudential risk implications of transactions, new products, services, jurisdictions, clients, sectors, countries, etc.
• Support the Credit Risk team and the bank in performing analytics supporting the country risk framework.
• Responsible for Model Risk Management and Model Validation across the Group.
• Support the CRO regarding reporting and assessment of enterprise-wide risks.

Qualifications

Not required, but relevant qualifications (e.g. ACT/CFA/CISI) would be an advantage.

Experience

• A minimum of 7 years’ experience of working within a UK bank supporting Treasury and prudential risk management activities, ideally in a second line capacity.
• Experience of international banking and payment services would be an advantage.
• Experience of reviewing and supporting the development of ILAAP, ICAAP and recovery documents.

Skills

• Ability to analyse prudential risks, provide written assessments and understand appropriate risk controls.
• Ability to provide second line oversight and constructive challenge on capital, liquidity, market, strategic and model risks.
• Strong technical and analytical prudential and financial risk skills.
• Understand and interpret PRA regulations relating to capital, liquidity, market risk and interest rate risk; familiarity with Basel, CRD/CRR and EBA frameworks.
• Familiarity with regulatory reporting requirements relating to prudential risk, including liquidity, capital, market risk and interest rate risk.
• Model risk experience and ability to further develop the Group’s Model Risk Management approach.
• Experience with derivatives products, regulatory frameworks and trading activity.

Additional Information

• Hybrid working
• Contributory pension plan: employee 2% / employer 7% (employer matches to a maximum of employee 5% and employer 10%)
• Life Assurance – 4x annual salary
• Group Income Protection
• Private Medical Insurance – includes cover for partner and/or children; optical, dental and audiology
• Discretionary Bonus
• Competitive annual leave
• 2 volunteering days
• Benefit Hub