Application Deadline: Friday 9th May 2025

Hybrid Working Pattern - 3 days in Office & 2 WFH

About us

Cynergy Bank is the UK’s human digital bank serving the needs of ‘scale up’ or medium sized and fast-growing SMEs; professionals; high net worth and mass affluent individuals, in essence those market segments that still value human service enabled by great technology.

We recognise that professional and personal lives often overlap and our mission is to help empower our customers to achieve their ambitions by serving all their interdependent banking needs. We provide a comprehensive range of digitally enabled products and services to meet the property finance, business and commercial banking, private banking and personal savings needs of our customers.

Our human and digital model transforms banking for customers who still value a face-to-face relationship that is enabled by the latest digital technology.

We partner with firms such as Google Cloud, Cigniti and Slalom as we continue to innovate in the human digital space.

Cynergy Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Eligible deposits with Cynergy Bank plc are protected by the UK Financial Services Compensation Scheme.

For more information on Cynergy Bank visit www.cynergybank.co.uk

Company Benefits

• Competitive Salary and Company Bonus
• Competitive holiday allowance plus bank holidays
• Option to purchase an additional 10 days holiday
• Pension contribution and Life Assurance
• Income Protection Scheme and Season Ticket Loan
• Electric Car Scheme and Money Coach (After Probation)

The Role:

The Senior Prudential Risk Analyst/Prudential Risk Analyst is responsible for providing advanced risk oversight and analysis to support the Head of Prudential Risk Oversight in monitoring and challenging the Treasury and Financial Risk Management functions.

This role is critical in ensuring that the organisation maintains a strong prudential risk management framework and adheres to regulatory requirements, thereby safeguarding its financial stability and reputation.

Responsibilities:

• Monitor the organisation's risk profile ensuring that it remains fit-for-purpose for the current risk profile and strategy.
• Contribute to the development and implementation of prudential risk policies and procedures.
• Assist team members and bank-wide, providing technical guidance on risk analysis and regulatory requirements.
• Conduct analysis and 2LOD review of liquidity, capital, credit, model and also assist with market risk oversight, providing independent assessments and challenge to the first line of defence (1LOD – principally Treasury ALM).
• Assist in the analysis of liquidity, capital, and market risks, providing independent assessments of risk exposures.
• Support the development, validation and maintenance of Risk Models and metrics - including the alignment of 1LOD activities to control and policy.
• Lead the review and/or preparation of risk reports for senior management and regulatory bodies where required.
• Contribute to the preparation of risk reports and regulatory submissions primarily through oversight and challenge.
• Assist with Risk inputs to, and challenge of, the ICAAP, ILAAP, RP and other prudential regulatory documents.
• Monitor compliance with prudential risk policies and procedures.
• Collaborate with the first line of defence to gather data and information for risk assessments.
• Assist with input and challenge for prudential MI for Committees (eg ALCO, CRC)
• Review of IRRBB assumptions and their application in the ALM system.
• Assist in the second line review, development, check and challenge process for all relevant prudential regulatory returns (COREP, LCR, FSA017, FSA015 etc).
• Review, completion and maintenance of relevant second line controls in the risk system, including review of any prudential risk incidents.
• Review of prudential risk regulatory publications to assist with impact analysis and implementation. 2LOD support and input for (Prudential) Regulatory change and project deliverables (eg SDDT, Basel 3.1 etc).

Essential Knowledge & Experience:

• Advanced degree in Finance, Risk Management, Economics, or a related field.
• Professional qualifications such as CFA, FRM, or PRM highly desirable.
• Experience (pref 2.5+ years) in prudential risk management, preferably within a financial services or banking/building society environment (direct applicability).
• Credit Risk first and/or second line capabilities (eg PD, LGD, economic regression etc) highly desirable.
• Strong knowledge of PRA and EBA prudential regulations and risk management frameworks, and the linkage between prudential risks (eg Liquidity, Capital, IRRBB, credit).
• Excellent technical, data analytics and problem-solving skills, with the ability to interpret complex data and develop actionable insights (eg Excel, VBA, Python)
• Proven leadership and team management experience.
• Strong written communication and presentation skills, with the ability to engage and influence senior stakeholders.

All employees must:

• Actively promote and practise the Bank’s Guiding Principles
• Understand and adhere to the Bank’s policies and procedures with particular reference to:
• PRA Rulebook
• Conduct Rules and Professional Standards Policy
• Consumer Duty
• Information Security and Data Protection Act 2018 (GDPR)
• Fair Treatment of Customers
• Risk management and reporting of risk management incidents
• Regulatory compliance prevention of financial crime
• Disaster recovery and business continuity
• Support Bank wide Forums as required or identified
• Cooperate with and help colleagues across our business, performing other reasonable tasks as may be required from time to time