Financial Risk Manager

ROLE OVERVIEW

Our client are seeking a dynamic and commercially astute Financial Risk Business Partner/Manager to lead and maintain the firm's ICARA process, ensuring robust financial risk management and capital adequacy planning. This role bridges finance, risk, and regulatory strategy; playing a pivotal part in safeguarding the firm's resilience and regulatory compliance.

This is a hybrid role with the expectation to work in the office 2 days each week.

KEY RESPONSIBILITIES

ICARA Ownership & Oversight:

• Lead the end-to-end ICARA process, including scenario analysis, stress testing, and capital planning.
• Ensure alignment with regulatory expectations under the Investment Firms Prudential Regime (IFPR).
• Collaborate with senior stakeholders to assess material harms and mitigation strategies.
• Maintain documentation and evidence to support ICARA conclusions and regulatory submissions.

Financial Risk Management:

• Identify, assess, and monitor financial risks including liquidity, credit, market, and operational risks.
• Partner with Finance teams to embed risk-aware decision making across the business.
• Develop and maintain financial risk dashboards and reporting tools.

Business Partnering:

• Act as a trusted advisor to senior management, providing insights on financial resilience and risk appetite.
• Support strategic initiatives with financial risk analysis and capital impact assessments.
• Facilitate cross-functional collaboration between Finance, Risk & Compliance.

Governance & Reporting:

• Prepare and present risk and ICARA-related reports to Risk Committees and Boards.
• Ensure timely and accurate regulatory submissions and responses to supervisory queries.
• Contribute to the development and refinement of the firm's Risk Management Framework.

SKILLS & EXPERIENCE

Essential:

• Strong understanding of ICARA, IFPR, and UK regulatory capital frameworks.
• Proven experience in financial risk management within a regulated financial institution.
• Excellent analytical, modelling, and scenario planning skills.
• Ability to communicate complex risk concepts to non-technical stakeholders.

Desirable:

• Professional qualification (e.g., ACA, CFA, FRM).
• Experience with ICAAP/ICARA in investment firms or asset managers.
• Familiarity with enterprise risk management tools and methodologies.

Personal Attributes:

• Strategic thinker with a hands-on approach.
• High integrity and attention to detail.
• Strong interpersonal and influencing skills.
• Proactive, resilient, and adaptable in a fast-paced environment.