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Prudential Compliance Manager

  • Location

    City of London, London

  • Sector:

    Operations & Middle Office

  • Job type:


  • Salary:

    £50000 - £60000 per annum

  • Contact:

    Scott Duerden

  • Contact email:

  • Job ref:


  • Published:

    3 months ago

Our client, a City based Challenger Bank have additional headcount, to recruit a new Prudential Compliance Manager. The role reports to the Head of Financial Risk Management (FRM) and is responsible for maintaining the record of correspondence with the Prudential regulators (PRA, Bank of England, and Resolution Directorate), horizon scanning for new and modified prudential regulation/regulatory insights and as needed, liaising with the PRA.

The role will provide primary triage and assessment of impacts and threats to our client's activities arising from new prudential regulation. The role holder will also manage the process of preparing consultation/discussion responses and where relevant to prudential matters, waiver applications. The individual will be a member of the Risk & Compliance management team.

Key responsibilities will include;

  • To populate the horizon scanning spreadsheet, incorporating requests made through the Prudential Compliance mailbox, through horizon scanning across key prudential regulatory sites (e.g., Bank of England publications), and those arising from the Regulatory digests.
  • Provide summaries of key regulation for senior stakeholders as part of ad hoc briefings and regular ALCO and group reporting - providing in-house consultancy on the regulations.
  • Track the progress of new and emerging prudential regulation within the regulatory tracker and to represent the information pictorially within PowerPoint, for onward submission to the Asset & Liability Committee (ALCO), and potentially the Board Risk Committee (BRC). To become the go-to person to understand how changes are being managed internally.
  • To prepare monthly and quarterly reporting of new and emerging regulations along with briefing notes for more significant pieces of regulation; presenting to ALCO and senior committees as needed.
  • Support the Head of FRM with data analysis to understand the impacts of new regulation and market movements and assist with model validation activities.
  • To document process and approaches used in the 2nd line for providing oversight of prudential compliance.
  • To further strengthen knowledge on key prudential regulatory areas to gain a deeper understanding of Treasury and prudential topics including, Hedging, Capital and Liquidity & Funding risk management.
  • To deputise for the Head of FRM when necessary.
  • To be a champion of good writing practice and 'story telling' through an excellent application of the written word and focused use of data and analysis.

To be considered for this position, ideal candidates must have the following experience and skills;

  • At least 5 years' experience gained in the finance industry.
  • Educated to degree level or similar/representative qualification ideally with a with a post graduate compliance qualification
  • Knowledge of post Brexit transition/Basel implementation regulatory changes
  • Previous work with the regulator or in a prudential compliance role
  • Good knowledge of capital or liquidity
  • Experience of building spreadsheets to track progress/activities
  • First class knowledge of prudential regulation gained in either a first line (e.g. Treasury or Finance) or second line role.
  • Excellent and proven written communication skills
  • Highly proficient in the use of Word, Excel and Powerpoint
  • Strong demonstrable administrative skills
  • Effective time management with a proven ability to deliver on time
  • Self-starter with a hands-on approach, with self-confidence to both ask the dumb questions and admit to when things go wrong
  • An ability and desire to absorb knowledge through an innate curiosity
  • Exemplary web research capabilities
  • Good understanding of a balance and ALM
  • While not required initially the role will develop into one in which people management skills will be necessary.

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