Head of Prudential and Financial Risk

Type: Permanent
Location: England - North West
Industry: Financial Services - Banking
Specialism: Risk Oversight
Salary: £80,000 – 100,000 salary plus benefits and Bonus
Date Posted: 22/04/2024
Consultant: Jack Woodlock

One the UK’s leading matched building societies have mandated us exclusively to run the search for a new senior hire to own the financial risk oversight framework and oversee the management of all financial risks across the society. The role will be based in the North of England and report directly to the CRO

Role Description

Delivery and continual improvement of a Financial Risk oversight framework
Review and challenge of key policy documents, such as Treasury Policy, ICAAP, ILAAP, Recovery and Resolution planning on at least an annual basis or when changes are made
Assist with the oversight and challenge of management information utilised in risk reporting
Oversight of the definition, approach, review and challenge of the delivery of liquidity and capital stress testing (including reverse stress testing)
Review and challenge of key financial models, including assumptions, stresses and scenarios used in those models
Review and challenge of Pillar 3 disclosures
Oversight of regulatory reporting, e.g. CoRep, LCR
Review and challenge of the hedging approaches used by the Society
Oversight of the funding plan and all proposed new funding instruments such as Secured Term funding
Provide oversight to financial planning to ensure it is aligned to the Society’s risk appetite, e.g. 3-year plan etc
Ensuring the Society is appropriately informed of changes to the Prudential Regulatory landscape with regard to publications by the PRA, BoE, BCBS and EBA
Participation in projects and prudential programmes relating to financial risk management
Provide support to the business on creating an environment where risk and risk culture is fully understood and embedded
Support the CRO in the leadership of the Risk function

Role Requirements

Senior level experience of Treasury
Senior level experience of capital and capital management
Second line oversight of Financial risks
Solid understanding of balance sheets
Delivery and management of Assurance reviews
Numerate background/degree/qualifications
Skilled in Excel

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Head of Prudential and Financial Risk

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