Location
London

Hours
Full Time

Salary
Negotiable

About the Role
Our Risk teams develop comprehensive processes to monitor, assess, and manage the risk of expected and unexpected events that may adversely impact the firm. Risk professionals execute critical day-to-day risk management activities, lead projects, and contribute to the ongoing advancement of a robust risk management program. Effective coordination with executive management, business units, control departments, and technology is critical for success.

Capital Risk, part of the firm’s second line of defense reporting to the Chief Risk Officer (CRO), assesses the firm’s capital management framework, regulatory capital policies, and related interpretations. This includes independent review and challenge of capital ratio targets, planned capital actions, regulatory capital calculations, analysis of documentation, independent testing, and assessment of calculation appropriateness and alignment with regulatory capital rules.

Key responsibilities include understanding capital regulations (e.g., PRA Basel 3.1, US capital rules), monitoring and challenging the impact of regulatory capital rules and risk appetite, assessing capital regulation impacts on transactions and new products, validating regulatory capital requirement approaches and calculations, and communicating sophisticated regulatory capital matters to senior managers, businesses, and regulators.

Experience
Minimum of 3 years of experience at the PRA, European regulator, or a bank with IRB/IMM/IMA approach permission.
Strong attention to detail, intellectual curiosity, and commitment to excellence.
Strong organizational skills with the ability to manage a constantly evolving inflow of projects and priorities.
Effective oral and written communication skills.
Ability to conduct research, analyze technical regulatory papers, and identify relevant issues.
Understanding of banking organizations and financial products, with a focus on regulatory capital implications.

About you
Team player who maintains mutual support within a high-profile team.
Self-motivated, proactive, and willing to take on additional responsibilities.
Ability to independently manage issues and get involved as necessary.

Qualifications
Strong knowledge of capital regulations and regulatory capital frameworks.
Ability to analyze new trades and business proposals with a focus on regulatory capital impact.