Role Description
1. Support the CRO in providing second line oversight for the Group’s management of prudential risks; including capital, liquidity, market (fx and interest rate), strategic and model risks
2. 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
3. Support the development and maintenance of the risk management framework and risk appetite limits relating to capital, liquidity market and model risks
4. Provide challenge and oversight regarding the production of ILAAP, ICAAP, Recovery and Resolution Plans, stress testing, and provide support during regulatory interactions
5. Provide second line reporting to relevant governance committees on prudential risk matters. Standing attendee and active contributor at ALCO
6. Monitor adherence to prudential risk appetite limits and other internal/regulatory prudential risk limits, monitoring of KRIs, KPIs and EWIs
7. Review and oversee prudential risk regulatory reporting
8. Support the production of the Annual Report and Accounts and Pillar 3 disclosures
9. Undertake prudential regulatory horizon scanning, conduct impact assessments, engage stakeholders where required to drive regulatory change
10. Report and advise on new and emerging prudential regulation relevant to the bank. Advise business on the potential impact of changing prudential regulation
11. Review and advise on the prudential risk implications of transactions, new products, services, jurisdictions, clients, sectors, countries, etc
12. Support the Credit Risk team and the bank in performing analytics supporting the country risk framework
13. Responsible for Model Risk Management and Model Validation across the Group
14. Support the CRO regarding reporting and assessment of enterprise-wide risks
Role Requirements
15. Significant experience of working within a UK bank supporting Treasury and prudential risk management activities, ideally in a second line capacity
16. Experience of international banking and payment services would be an advantage
17. Experience of reviewing and supporting the development of ILAAP, ICAAP and recovery documents
18. An ability to analyse prudential risks, provide written assessments and understand appropriate risk controls
19. Have an ability to provide second line oversight and able to provide constructive challenge on capital, liquidity, market, strategic and model risks
20. Strong technical and analytical prudential and financial risk skills
21. Understand and able to interpret prudential regulation issued by the PRA relating to capital, liquidity, market risk and interest rate risk. Understand the PRA’s Supervisory Framework, and other regulatory regimes as applicable
22. Must have a detailed understanding of CRD/CRR regulation, and have an awareness and familiarity of Basel and EBA regulatory frameworks
23. Have a familiarity with regulatory reporting requirements relating to prudential risk, including liquidity, capital, market risk and interest rate risk
24. Model risk experience and ability to further develop the Group’s approach to Model Risk Management