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Prudential Risk Manager

  • Salary: £70000 - £90000 per annum + Benefits
  • Job type: Permanent
  • Location: London
  • Sector: Risk & Compliance
  • Date posted: 09/08/2018
  • Job reference: J380788A

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Prudential Risk Manager

London - Canary Wharf


We are looking to recruit a Prudential Risk Manager for a unique and newly formed position working for a prestigious mass media and information business based in Canary Wharf, London.

The organisation are the leading source of intelligent information for the world's businesses and professionals, providing their customers with competitive advantage. They deliver this must-have insight to the financial and risk, legal, tax and accounting and media markets.

The role is working as part of the organisation's Financial & Risk - FX Business, a leading, independent source of trusted foreign exchange market insight, electronic trading venues, workflow management, and post-trade and regulatory support. The business is an FCA-regulated company based in the UK, as well as other regulated entities based outside of the UK.

The Prudential Risk Manager will be responsible for the management of prudential risk for the business unit and for other regulated entities within the Trading business as required.

Major Responsibilities / Accountabilities:

  • Driving all aspects of prudential risk management and compliance, ensuring these are embedded within the operating rhythm and decision-making of the business and closely linked with strategy and operations
  • Interpreting prudential and risk financial services regulation applicable within the UK and worldwide and judging how those regulations should be applied
  • Horizon-scanning for regulatory change, assessing the impact of those changes and initiating projects to implement change
  • Engaging internally with F&R Compliance and Government Affairs, and externally with trade bodies, on matters of regulatory change
  • Developing and maintaining policies and procedures to manage risk types identified in SYSC, IFPRU and CRD IV (and any successor regulations)
  • Conducting assessments of compliance with prudential risk and regulatory requirements
  • Carrying out the necessary stress tests and analyses, including reverse stress testing, with the support of the F&R Finance team
  • Producing and maintaining all prudential regulatory documentation as required by regulators e.g. ICAAP, stress tests, reverse stress tests, Recovery & Resolution Plans, liquidity policy and winding down plan
  • Working with the F&R Finance Team to ensure regulatory financial resource and capital adequacy requirements are fulfilled
  • Providing training to the Board and Risk Committee on prudential regulatory requirements e.g. ICAAP
  • Liaising with the F&R Compliance team to report/notify the FCA of any prudential reporting/ breach reporting requirements

Technical /Professional Skills & Competencies:

Essential Skills:

  • UK Regulatory Experience, specifically in relation to prudential regulation
  • Strong communication skills (written and verbal)
  • Highly motivated and pro-active self starter
  • Ability to deal with complexity and show attention to detail
  • Project management skills
  • Good collaborator, able to work effectively across a large organisation
  • Ability to influence
  • Delivery-focused, able to manage multiple deliverables to deadlines

Desired Skills:

  • Experience of the FX/Fixed Income industry gained from working within a regulated firm or a regulator
  • Background in accounting and/or financial regulatory reporting

Education/ Certifications: (Specific degrees and/or certifications required or preferred)

  • Degree level