DM - Risk Consultant

Job Title - Risk Consultant – Deputy Manager

Overall Job Purpose

To provide detailed knowledge and support to one or more of the regulatory guidance, liaison, assurance, business continuity, information risk, operational risk, financial risk, Reporting/MI and change processes within the organisation centre in UK

Accountabilities/Responsibilities

The following roles and responsibilities will be assigned to the role as appropriate depending on the needs of the Risk function.

- To maintain up to date knowledge on new regulations ensure Prudential is compliant with new and existing regulations, spotting improvement needs and analysing where change is required

- To provide education and support embedding on existing regulatory rules and relevant regulatory development and business standards to the business and Risk

- To develop understanding and experience of the principles and practices of risk management.

- To promote the formulation and provision of effective and efficient guidance to appropriate staff within business areas.

- To create and develop strong relationships with peers across the business

- To support influencing at senior management and Exec level to ensure the right regulatory outcomes through ongoing and regular contact with the business and strong relationships

- To have a good understanding of the business needs by meeting regularly with staff in business areas to ensure Prudential meets its regulatory requirements effectively

- To have a good understanding of our Regulators needs by meeting regularly with them to ensure Prudential meets its regulatory requirements effectively

- To challenge the business in its approach to risk identification, quantification, mitigation and management

- To support the Head of Regulatory Liaison in maintaining an open, continuous and constructive relationship with the FSA and other Regulators, including the provision of support where appropriate to regulatory inspections and visits

- To work closely with the business to decide where key regulatory issues might impact most to ensure full awareness across the business.

- To promote and actively assist with the embedding regulatory compliance into business practices /operational business decisions within the organisation;

- To provide specific guidance or advice on matters of regulation for example HMRC/TPR/DWP/PPF/FAS/FSA/ICO

- To support assurance reviews as and when required, ensuring accuracy, maintenance and tracking of documentation and activity

- To input to the presentation of MI or other information to the Executive, senior managers and committees.

- To work as directed on projects, initiatives and incidents, managing Risk input as required

- To support the delivery challenging interviews in support of the assurance process and conduct appropriate close-out meetings

- To participate in and support the development of skills and expertise across the Risk function and wider business

- To contribute to the continuous improvement of methodology across risk

- To support the Risk objective of recruiting and retaining high quality people by taking accountability for the development of people within the team or across the wider pool of risk resources

- To provide education to promote a positive compliance culture and to ensure that Risk staff are kept up-to-date with regulatory matters regardless of domain

- To promote a positive risk and control culture within Risk and across the business, balancing commercial considerations with regulatory ones

- To work flexibly in support of the wider Risk agenda

- Compliance – To ensure that you understand and adhere to Prudential’s Code of Conduct and, where appropriate, comply with all relevant regulatory policies. This includes completion of any mandatory training requirements.

- Financial Controls – Ensure all expenditure commitments (Travel claim settlements etc) and all payments are properly authorised, controlled and monitored, in accordance with UK delegated authority requirements. The responsibilities of expenditure authorisers are documented in the company policy.

- To participate in the Performance Management Process ensuring that all personal process milestones and deliverables are met.

- To demonstrate a positive risk, compliance and control culture through the identification, assessment, monitoring and management of risks and issues within the business area, alongside ensuring timely and appropriate resolution of control weaknesses, actions and failures that arise.

1. Candidate should have around 5-7 years of exp in risk management

2. Should have exposure to various risk domains - regulatory risk, governance, assurance, financial risk, operational risk, etc. So the profiles should have expertise in two / three areas in Risk.

3. Travel – Need based