Head of Prudential Risk - ILAAP & ICAAP - Banking

Head of Prudential Risk - ILAAP & ICAAP - Banking

Excellent opportunity opens for a Head of Prudential Risk to join a growing Bank in a senior second line leadership role, providing independent oversight across the prudential risk framework. Reporting to the CRO, you will play a key role in ensuring the bank maintains a robust approach to capital, liquidity, market and model risk management while supporting engagement with regulators and senior stakeholders.

This role offers the opportunity to:

• Act as a trusted adviser to senior management, Treasury and Finance on complex prudential risk matters.
• Lead independent oversight of capital, liquidity, market and model risk management activities.
• Shape and enhance the bank's prudential risk framework and risk appetite.
• Influence strategic decision-making through robust challenge, analysis and risk insight.
• Drive the bank's approach to prudential regulation, regulatory change and governance.
• Engage directly with senior committees and regulatory stakeholders on key prudential topics.

Main Responsibilities:

• Provide second line oversight and challenge across capital, liquidity, market, treasury and model risk.
• Lead independent review and challenge of the ICAAP and ILAAP, including stress testing and capital and liquidity planning.
• Oversee the bank's Capital Risk framework and ensure effective monitoring against risk appetite and regulatory expectations.
• Review and challenge prudential regulatory reporting and disclosures.
• Provide oversight of Interest Rate Risk in the Banking Book (IRRBB), FX risk and derivatives-related exposures.
• Maintain oversight of model risk governance, validation and ongoing monitoring activities.
• Evaluate prudential implications of new products, strategic initiatives and material transactions.
• Support Recovery Planning and Solvent Wind-Down preparedness.
• Monitor emerging regulatory developments and provide pragmatic interpretation and guidance to the business.
• Deliver high-quality reporting and risk insights to senior management and governance committees.

Key Requirements

• Significant prudential risk experience gained within a UK-regulated wholesale, corporate or international banking environment.
• Strong expertise in Capital Risk, ICAAP, Liquidity Risk and ILAAP from a second line risk perspective.
• Deep understanding of UK prudential regulations, including CRR/CRD and broader Basel frameworks.
• Experience overseeing regulatory reporting, stress testing and recovery planning processes.
• Knowledge of IRRBB, FX risk, derivatives and Treasury-related risk management.
• Exposure to model risk management and validation frameworks.
• Strong stakeholder management skills with the ability to influence and challenge at Executive and Board level.
• Excellent analytical, communication and regulatory interpretation capabilities.

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