Prudential Risk Manager
Not disclosed
Salary
Not disclosed by employer
£56,500
Going rate
Skilled Worker going rate
This role likely qualifies for a Skilled Worker visa
SOC 2440 (85% match) is an eligible occupation, with a going rate of £56,500, and Michael Page is a licensed sponsor. That is our reading of the rules. Whether they issue a Certificate of Sponsorship is still their call.
This could also be SOC 1131 (Financial managers and directors, Role manages prudential risk frameworks in a bank). We read the code off the advert, so it is our best guess, not the employer's.
About the role
As a Prudential Risk Manager in Challenger Banking, you'll oversee and manage risk frameworks (specifically ICAAP, RRP) to ensure regulatory compliance and operational efficiency. Your role will focus on identifying, assessing, and mitigating risks to support the organisation's financial stability and strategic goals.
Client Details
Growth Challenger Bank with Business Lending lines across Mortgages, Loans, Savings, Online Payments with expanding product lines. To embark on Consumer Lending further in next phase. City of London based hq.
Enjoyed recent tranche of new funding to boost growth and keep present management team in place for long term.
Description
Prudential Risk Manager
- Maintain and enhance the prudential risk framework to ensure compliance with regulatory requirements - own ICAAP and RRP.
- Access constantly to C-Suite level, so excellent communications skills.
- Monitor and assess the organisation's risk exposures, offering actionable insights for mitigation (e.g. some horizon scanning/basel 3.1).
- Prepare and deliver comprehensive reports for senior stakeholders and regulatory bodies.
- Collaborate with various departments to ensure alignment with risk management policies (e.g. help with ILAAP - not essential to have owned before).
- Conduct stress testing and scenario analysis to evaluate potential impacts on the organisation.
- Stay updated on regulatory changes and provide recommendations for necessary adjustments.
- Support the development of risk training materials for internal teams.
- Lead or contribute to risk-related projects and initiatives as required.
Profile
A successful Prudential Risk Manager should have:
- Strong knowledge of prudential regulations and risk management practices in a Small to Mid sized Bank/Challenger/Disruptor OR may come from Big 4/Top 20 Practice with Prudential Assurance/Consulting for similar clients.
Job Offer
- Competitive salary ranging from £80,000 to £90,000, dependent on the level of experience.
- Generous Benefits Package and enhanced maternity/paternity leave.
- Competitive bonus scheme.
- 3x days a week in City of London office, 2x days a week working from home flexibly.
- Permanent position in a top Challenger Bank.
If you're interested in this role, apply now.
People are at the heart of Michael Page. We are committed to creating an inclusive environment. As an inclusive recruiter we welcome applications from people of all backgrounds, identities and experiences. If you require any adjustments or accommodations during the recruitment process, we'll work with you to ensure you can perform at your best.
* ICAAP and RRP - must
* Ilaap - nice to have
* Accounting Qualification or equivalent Risk - nice to have
* Great comms - must
* Coming from SME Bank, Challenger, Disruptor OR from Practice, Prudential Assurance/Consulting, with similar clients
This description is the source posting as it read when we added it. We are not affiliated with Michael Page, so check their own site for the current details.
Where this offer sits in the market
SOC 2440 · UK · ONS ASHE 2025 · ~271k in sampleSimilar sponsored roles
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About sponsorship for this role
Does this job guarantee visa sponsorship?
Not necessarily. Michael Page holds a sponsor licence, but sponsorship for a specific hire is always the employer's decision. Be upfront in your application that you'll require it.
What salary is needed for this role to be eligible?
The offer must clear both the general threshold and the SOC 2440 going rate of £56,500. New-entrant and shortage discounts can lower it.