Lead for Stress Testing and Prudential Risk

3 weeks ago


London, Greater London, United Kingdom Wise Full time

The role of Lead for Stress Testing & Prudential Risk at Wise is crucial for the organization. You will play a key role in comprehensively understanding and quantifying all major risks, while also overseeing capital and liquidity management. Your responsibilities will include the proactive identification of emerging risks, effective capital and liquidity management, and ensuring a balance between regulatory obligations, profit maximization, and resilience during challenging situations.

  • Establish and direct a second-line, Group-level function for stress testing and prudential risk management
  • Execute data-driven and methodologically sound stress testing initiatives across all financial and non-financial risks
  • Co-manage the execution of Group-level ICARA, ILAAP, WDP, and RST; assess and challenge regional ICARAs/ILAAPs
  • Work collaboratively with key stakeholders to improve risk taxonomy and controls for real-time stress testing
  • Provide counsel to ALCO and its subcommittees regarding potential risks and strategic initiatives
  • Recruit, nurture, and lead the Stress Testing and Prudential Risk Management team

Qualifications

  • Practical experience in stress testing and the calculation of capital and liquidity requirements
  • Familiarity with regulatory standards and industry best practices
  • Significant experience in stress testing and/or prudential risk management within the financial services sector
  • Knowledge of banking regulations in leading markets
  • Innovative and practical approach to risk management
  • Exceptional leadership, communication, and stakeholder engagement skills
  • Proven ability to drive change and provide strategic insights
  • Degree in finance, economics, or related disciplines


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