Prudential Risk Manager

Job Description

IntroductionOur client is a specialist mortgage lender who have ambitious growth plans and looking to strengthen their 2nd line team with an experienced Prudential Risk professional. The Prudential Risk Manager will be responsible for providing specialist challenge,advice and management of the prudential risks (capital, liquidity and market & interest rate risks), credit risks and model risks to the business, seeking to ensure all legislative and regulatory controls are operating effectively.You will be the expert in the second line team in relation to prudential, credit and model risk analysis, and will have regular interaction with senior business stakeholders across all areas of the lender, including the Executive and Board members.This is a fantastic time to join the business, as they head into planning for theur 2023/24 financial year and beyond based on a refined customer-experience strategy, strong capital / liquidity position and exciting pipeline for lending and savings growth!Role responsibilities of the Prudential Risk Manager:

• Assessing the risk profile against its Board-approved risk appetite for Prudential Risks, as well as the effectiveness of mitigating controls and status of actions
• Undertaking second line oversight of MI/regulatory reporting, including the internal processes and controls that are leveraged for regulatory reporting purposes
• Providing formal written periodic review summaries of Prudential Risk oversight for consideration at Executive & delegated Board committees
• Provide SME support and challenge to key risk management tools, such as ICAAP, ILAAP and Recovery Plan / Resolution Pack
• Performing prudential regulatory impact analyses of changes in business structure, new products and regulatory developments
• Responsible for implementation / oversight of the model validation and review framework; perform / oversee 2nd line model validation reviews, to ensure the operation of models is effective
• Ensure that 2nd line model validation skills are developed within the team, to support the ongoing requirement for 2nd line input into the oversight of the risk
• Liaising with Internal Audit to make sure co-ordination across all three lines of defence
• Contributing to the wider Risk team, helping to drive the future strategy and direction of the function by supporting the Head of Risk & Governance

Skills & Experiences required:

• Passionate about providing high levels of service for customers via strong prudential risk management oversight experience
• Tenacity - the technically complex nature of prudential regulation means its important the successful candidate has a proven track record in providing challenge & oversight in the area
• A positive and driven Prudential Risk expert with experience across prudential and credit risk. Experience of model risk management would be an advantage but is not essential
• Strong Risk management experience gained in either SME environments, large corporates or Retail Financial within the Financial Services sector (5yrs+ ideally)

This is a great opportunity for a prudential risk professional who wants to be a big fish in a smaller pond and have a real influence on a lender. They operate a very flexible hybrod working model where office presence is based on need and purpose, noton presenteism.

Keyskills :
LiquidityRisk Management ToolsICAAP