Prudential Risk Consultant

3 days ago


Cirencester, United Kingdom St. James's Place Full time

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 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

Working as a key member of the Prudential Risk team, you’ll support the Head of Investment Entities Risk Oversight and the Head of Prudential Risk (and the wider Group Risk Management team) to discharge their Risk management responsibilities.

You’ll be 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.

The role will also support the wider business in enabling SJP to take informed risk-based decisions and to operate within the Group Risk Appetite.

**What you’ll be doing**:
Support the Head of Investment Entities Risk Oversight in:

- Developing & maintaining solvency assessments for legal entities SJP Investment Administration (SJPIA) and SJP Unit Trust Group (SJPUTG).
- Developing & conducting dividend reviews for the Group, SJPIA and SJPUTG.
- Developing & maintaining SJPIA’s Recovery & Resolution plan 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.
- Supporting prudential risk activities such as the above for the Group, and other legal entities beyond SJPIA and SJPUTG, as required.
- Providing Risk Business Partnering as the lead Risk Consultant to an operational or technical area of the business such as the Investment Management division, to improve the risk awareness and culture in that division. This includes providing appropriate challenge to Senior Managers, Risk Owners and Managers on the effectiveness of the risk management in their area of responsibility (including their adherence to the Board risk appetite).
- Conducting or supporting Operational Risk Assessments and reverse stress tests.
- Contribute specialist technical knowledge and business awareness, where consulted, on the development, within the Group Risk Team, of other strategic priorities.
- Provide Risk input to support external reporting (MIFIDPRU, Financial Reporting, etc.)

**Who we’re looking for**:

- Experience gained from within the banking or insurance industry.
- You’ll have a strong understanding of prudential regulation (preferably IFPR) and how different risk drivers can change solvency capital requirements.
- You’ll be a technical specialist in Risk Management and in quantifying risk with a comprehensive understanding of risk management processes and controls.
- GARP’s Financial Risk Management qualification or another relevant technical qualification desirable.
- Excellent communication skills with the ability to be able to influence, negotiate and work with senior managers and their teams - to agree on key risk exposures and mitigating control activity.
- In-depth analytical skills will be required to define problems and develop innovative solutions.
- Professional and calm approach with the ability to establish effective collaborative relations with internal departments and external organisations.

**What's in it for you?**
- Private Medical - up to family cover paid for by Company
- via BUPA. No excess for claims.*
- 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 th



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