Head of Prudential Risk

Crown Agents Bank is a vastly growing and regulated UK bank that connects emerging and frontier markets to the rest of the world, using FX and payments technology. We are transforming the way payments and FX move through emerging markets, reducing friction so that more money gets to those who need it. Emerging markets payments are usually challenging, expensive, unreliable and opaque. Our solutions help fix these pain points. Ultimately, we connect traditionally hard-to-reach regions to global financial infrastructure, giving access to the best prices and the fastest, most reliable settlement.

FX and cross-border payments are often complex and expensive, especially when operating in emerging markets. Crown Agents Bank (CAB) wraps its deep and trusted relationships and strength of network around innovative digital capabilities, and cross-border transaction banking solutions to enable fintech, corporates, governments, development organisations and banks to move money to, from, and across often hard-to-reach markets.

Reporting to the CRO, provide second line oversight on the Group’s management of prudential risks; including capital, liquidity, market (FX and interest rate), strategic and model risks. Support the Group’s compliance with prudential regulatory requirements and assessment/reporting of enterprise wide risks

Role Responsibilities:

• 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
• 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
• Support the development and maintenance of the risk management framework and risk appetite limits relating to capital, liquidity market and model risks
• Provide challenge and oversight regarding the production of ILAAP, ICAAP, Recovery and Resolution Plans, stress testing, and provide support during regulatory interactions.
• Provide second line reporting to relevant governance committees on prudential risk matters.  Standing attendee and active contributor at ALCO
• Monitor adherence to prudential risk appetite limits and other internal/regulatory prudential risk limits, monitoring of KRIs, KPIs and EWIs
• Review and oversee prudential risk regulatory reporting.
• Support the production of the Annual Report and Accounts and Pillar 3 disclosures
• Undertake prudential regulatory horizon scanning, conduct impact assessments, engage stakeholders where required to drive regulatory change.
• Report and advise on new and emerging prudential regulation relevant to the bank. Advise business on the potential impact of changing prudential regulation
• Review and advise on the prudential risk implications of transactions, new products, services, jurisdictions, clients, sectors, countries, etc
• Support the Credit Risk team and the bank in performing analytics supporting the country risk framework
• Responsible for Model Risk Management and Model Validation across the Group
• Support the CRO regarding reporting and assessment of enterprise-wide risks

Not required, but relevant qualifications (e.g. ACT/CFA/CISI) would be an advantage

Experience:

• A minimum of 7 years’ experience of working within a UK bank supporting Treasury and prudential risk management activities, ideally in a second line capacity
• Experience of international banking and payment services would be an advantage
• Experience of reviewing and supporting the development of ILAAP, ICAAP and recovery documents

Skills:

• An ability to analyse prudential risks, provide written assessments and understand appropriate risk controls
• Have an ability to provide second line oversight and able to provide constructive challenge on capital, liquidity, market, strategic and model risks
• Strong technical and analytical prudential and financial risk skills
• 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
• Must have a detailed understanding of CRD/CRR regulation, and have an awareness and familiarity of Basel and EBA regulatory frameworks
• Have a familiarity with regulatory reporting requirements relating to prudential risk, including liquidity, capital, market risk and interest rate risk
• Model risk experience and ability to further develop the Group’s approach to Model Risk Management
• Experience of derivatives products, regulatory frameworks and trading activity

• Hybrid working
• Contributory personal pension plan: - Minimum: Employee 2% and Employer 7%. Employer matches contributions in 1% increments to a maximum of: Employee 5% and Employer 10%
• Life Assurance – 4 times annual salary
• Group Income Protection
• Private Medical Insurance – this may include cover for partner and or children at company cost. Cover includes Optical, Dental and Audiology
• Discretionary Bonus
• Competitive Annual Leave
• 2 Volunteering Days
• Benefit Hub