Kind Consultancy is working with a well-established Challenger Bank which is currently seeking a Head of Prudential Risk to join them in a full-time, permanent role based in their West Midlands offices.

The Head of Prudential Risk will lead the second line Prudential Risk function, with key responsibilities including:

• Reviewing and continuously enhancing the Bank's Prudential Risk Framework and supporting policies, standards and risk appetite measures.
• Ensuring prudential risks are appropriately identified, assessed, monitored and reported across the Bank.
• Providing independent second line oversight and challenge of the Bank's financial and prudential risk profile.
• Ensuring prudential risk management remains aligned to regulatory expectations, industry best practice and the Bank's strategic objectives.
• Leading second line review, challenge and oversight of the ICAAP process.
• Providing independent assessment of capital adequacy, capital planning and capital stress testing activities.
• Ensuring material prudential risks are appropriately considered within capital assessments and stress testing exercises.
• Leading oversight of liquidity risk management and the ILAAP framework.
• Reviewing and challenging liquidity risk methodologies, stress assumptions and contingency liquidity and funding arrangements.
• Assessing the adequacy of liquidity resources relative to business strategy and risk appetite.
• Providing oversight of treasury activities from a prudential risk perspective.
• Owning the second line oversight of Recovery Planning, Resolution and Solvent Exit activities.
• Independently challenging recovery options, recovery indicators, stress scenarios and governance arrangements.
• Ensuring recovery, resolution and solvent exit planning remains consistent with PRA expectations and emerging regulatory requirements
• Ensuring severe but plausible scenarios appropriately test the Bank's financial resilience.
• Assessing the impact of emerging risks, macroeconomic developments and strategic change on capital and liquidity positions.
• Serving as the principal Prudential Risk representative at relevant governance forums including Board Risk Committee, Executive Risk Committee, ALCO, Relevant Incident Management meetings, Recovery Planning Committees and Prudential Working Groups
• Developing high-quality prudential risk reports for Committee audiences.
• Supporting regulatory reviews, information requests, thematic reviews and supervisory engagement with the PRA and FCA.

Our ideal candidate for the Head of Prudential Risk opportunity:

• Has extensive Prudential Risk, Treasury Risk or Capital Management experience within a UK Bank or other regulated Financial Services business.
• Has significant experience of ICAAP, ILAAP, Recovery and Resolution Planning, Capital Planning, Liquidity Risk Management, Stress Testing, Prudential Regulatory Reporting
• Possesses expert-level knowledge of PRA prudential standards and supervisory expectations.
• Has experience of presenting to ALCO, Executive Committees and Board Risk Committees.
• Has a track record of providing effective second line challenge and oversight.
• Has proven leadership and people management experience.
• Demonstrates strong stakeholder management and influencing capability.
• Has experience of supporting PRA supervisory interactions.
• Possesses strong knowledge of Basel/SDDT prudential principles and UK implementation, and of regulatory reporting frameworks including COREP/FINREP and liquidity reporting.
• Holds a Risk, Treasury or finance professional qualification

If you're interested in the Head of Prudential Risk opportunity, you're based in or can commute to the West Midlands and you have the necessary skills, knowledge and experience, please apply with an updated CV today.