Head of Prudential Risk

City of London

Hybrid (3/2 split)

Permanent

£120,000 - £150,000

cer Financial are working alongside an international bank who are based in the City of London. They are seeking a Head of Prudential Risk to work with them on a permanent basis.

The responsibilities of the Head of Prudential Risk will include:

· Support the Chief Risk Officer (CRO) in providing second line oversight of prudential risks, including capital, liquidity, market (FX and interest rate), strategic, and model risks.

· Provide oversight of Finance and Treasury functions, including reviews of prudential risk management processes, stress testing, hedging strategies, reporting, and operational processes.

· Assist in the development and maintenance of the risk management framework and risk appetite limits for capital, liquidity, market, and model risks.

· Provide challenge and oversight for ILAAP, ICAAP, Recovery and Resolution Plans, and stress testing, and support regulatory engagement.

· Deliver prudential risk reporting to governance committees and actively contribute to ALCO (Asset and Liability Committee).

· Monitor compliance with prudential risk appetite limits and track KRIs, KPIs, and EWIs.

· Review and oversee prudential regulatory reporting.

· Support preparation of the Annual Report & Accounts and Pillar 3 disclosures.

· Conduct prudential regulatory horizon scanning, assess impacts, and coordinate regulatory change initiatives.

· Advise the business on new and emerging prudential regulations and their potential impacts.

· Assess prudential risk implications of transactions, new products, services, jurisdictions, clients, and sectors.

· Support Credit Risk analytics, particularly related to the country risk framework.

· Manage Model Risk Management and Model Validation across the Group.

· Support the CRO in enterprise-wide risk reporting and assessment.

The successful candidate will have:

· Minimum 7 years’ experience in a UK bank, supporting Treasury and prudential risk management, preferably in a second line of defence role.

· International banking and payment services experience is desirable.

· Experience reviewing and contributing to ILAAP, ICAAP, and recovery planning documents.

· Ability to analyse prudential risks, produce written risk assessments, and understand appropriate risk controls.

· Capability to provide second line oversight and challenge on capital, liquidity, market, strategic, and model risks.

· Strong technical and analytical skills in prudential and financial risk.

· Ability to interpret PRA prudential regulations, including those related to capital, liquidity, market risk, and interest rate risk, and understand the PRA Supervisory Framework.

· Detailed knowledge of CRD/CRR regulations and familiarity with Basel and EBA frameworks.

· Understanding of prudential regulatory reporting for liquidity, capital, market risk, and interest rate risk.

· Model risk management experience, including developing model risk frameworks.

· Familiarity with derivatives products, regulatory frameworks, and trading activities.