Prudential Risk Consultant
St. James's Place (SJP) works in partnership to plan, grow and protect our clients’ financial futures. We deliver personalised, face-to-face financial advice to our clients, who trust us to manage their money to reach their goals. We provide this service via the Partnership, a network of qualified, expert advisors. We put financial wellbeing and responsible business choices at the heart of everything we do. We believe in the value of difference and know that diverse teams can help us problem solve and innovate for clients.
We look for people to join SJP to make an impact and to contribute to our culture which is based around long term relationships, doing the right thing, and being the best version of ourselves.
Location: Cirencester Office
Workplace Type: Hybrid
Employment Type: Permanent
Seniority: Mid-Senior Level
This person will support the Head of Investment Entities Risk Oversight and the Head of Prudential Risk to discharge their Risk Management responsibilities in support of the Divisional Director of Group Risk Management and the Group and legal entity CROs.
The role holder will be a key member of the Prudential Risk team, responsible for implementing an effective risk management framework, and assessing capital requirements for regulated entities to ensure that regulatory requirements are met and appropriate management solvency and liquidity buffers are in place. This individual will also be a risk lead for one of the corporate entities and responsible for all relevant entity reporting, and ensuring that the financial resilience of the entity is relayed to the Board and that all material risks are duly considered. This role requires someone with previous relevant risk experience within FS, great interpersonal skills and strong IT/Excel capabilities.
What you’ll be doing:
Support the Head of Investment Entities Risk Oversight with:
- Developing & maintaining solvency assessments.
- Developing & conducting dividend reviews.
- Developing & maintaining entity-level Recovery & Resolution plans in line with regulation.
- Delivering effective Prudential Risk reporting supporting relevant Executive forums and legal entity boards.
- Conducting targeted risk assessments to understand specific, material and financially focused risks, such as liquidity and credit risk.
- Providing Risk Business Partnering as the lead Risk Consultant to an operational or technical area of the business to improve the risk awareness and culture in that division.
- Conducting or supporting Operational Risk Assessments and reverse stress tests.
- Provide Risk input to support external reporting (MIFIDPRU, Financial Reporting, etc.)
Who we’re looking for:
- Ideally qualified/nearly qualified in a technical risk management related qualification.
- Experience in UK FS (ideally wealth management) so familiar with appropriate products, services, operations and regulation.
- Strong understanding of prudential regulation (preferably IFPR) and how different risk drivers can change solvency capital requirements.
- Good understanding of how SJP operates including its products, investment approach, operating model and legal entity structure.
- Technical specialist in risk management with a comprehensive understanding of risk management processes and controls.
- Able to analyse and present complex data in an impactful way.
- Excellent communication skills – able to influence, negotiate and work with senior managers/teams to agree risk exposures and mitigating control activity.
- Able to establish effective collaborative relationships across the SJP business and external organisations.
- Able to identify innovative solutions to complex problems.
What's in it for you?
- Private Medical paid for by Company.
- Meaningful protection benefits with real value, such as 10X life cover, PHI, and critical illness.*
- Non-Contributory Pension – 10% (increasing with length of service up to 15%) with further pension matching.
- Parental leave – 6 months full pay
- 28 days holiday entitlement plus bank holidays (based on full-time equivalent) with the option to buy up to an additional 5 days holiday
*Not applicable to Fixed-Term Contracts (standard uplift applies in lieu of the protection benefits)
Flexible Working
We know that everyone works best in
different ways, at different times and in different environments. We have
introduced a hybrid working policy to provide greater flexibility for part-time
work, job-sharing, remote working, and flexibility on hours. Our people are
encouraged to work in a flexible way that suits their lifestyle, so please ask
the question and start a conversation!
Research tells us that applicants (especially those from underrepresented groups) can be put off from applying for a role if they do not meet all the criteria or have been on an extended career-break. If you think you would be a good match for this role and can demonstrate some transferable experience please apply, regardless of whether you tick every box.
Reasonable Adjustments
We're an
equal opportunities employer and want to ensure our recruitment process is
accessible and inclusive for all, if you require reasonable adjustment(s) at
any stage please let us know by emailing us at [email protected]
What's next?
Our team will be in touch. As a business regulated by the FCA we would advise you to familiarise yourself with the conduct regulations and in particular consumer duty obligations prior to an interview with SJP.
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