Head of Prudential Risk

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.