Job Description
Our client are seeking a dynamic and commercially astute Prudential Risk Manager to lead and maintain
the firm’s ICARA process, ensuring robust financial risk management and capital adequacy planning.
This role bridges finance, risk, and regulatory strategy; playing a pivotal part in safeguarding the firm’s
resilience and regulatory compliance.
This is a hybrid role with the expectation to work in the office 2 days each week.
KEY RESPONSIBILITIES
ICARA Ownership & Oversight:
- Lead the end-to-end ICARA process, including scenario analysis, stress testing, and capital planning.
- Ensure alignment with regulatory expectations under the Investment Firms Prudential Regime (IFPR).
- Collaborate with senior stakeholders to assess material harms and mitigation strategies.
- Maintain documentation and evidence to support ICARA conclusions and regulatory submissions.
Financial Risk Management:
- Identify, assess, and monitor financial risks including liquidity, credit, market, and operational risks.
- Partner with Finance teams to embed risk-aware decision making across the business.
- Develop and maintain financial risk dashboards and reporting tools.
Business Partnering:
- Act as a trusted advisor to senior management, providing insights on financial resilience and risk appetite.
- Support strategic initiatives with financial risk analysis and capital impact assessments.
- Facilitate cross-functional collaboration between Finance, Risk & Compliance.
Governance & Reporting:
- Prepare and present risk and ICARA-related reports to Risk Committees and Boards.
- Ensure timely and accurate regulatory submissions and responses to supervisory queries.
- Contribute to the development and refinement of the firm’s Risk Management Framework.
SKILLS & EXPERIENCE
Essential:
- Strong understanding of ICARA, IFPR, and UK regulatory capital frameworks.
- Proven experience in financial risk management within a regulated financial institution.
- Excellent analytical, modelling, and scenario planning skills.
- Ability to communicate complex risk concepts to non-technical stakeholders.
Desirable:
- Professional qualification (e.g., ACA, CFA, FRM).
- Experience with ICAAP/ICARA in investment firms or asset managers.
- Familiarity with enterprise risk management tools and methodologies.
Personal Attributes:
- Strategic thinker with a hands-on approach.
- High integrity and attention to detail.
- Strong interpersonal and influencing skills.
- Proactive, resilient, and adaptable in a fast-paced environment.