London | Hybrid Working
£150,000 – £170,000 + Bonus + Benefits
Exec Capital is delighted to be partnering with a leading FCA-authorised investment firm in the search for an exceptional Senior ICARA Manager.
Our client is a well-established and growing London-based investment business operating within the UK financial services sector. As the firm's regulatory obligations continue to evolve, they are seeking a senior prudential risk professional to take ownership of their Internal Capital and Risk Assessment (ICARA) framework and play a key role in ensuring ongoing compliance with the FCA's MIFIDPRU regime.
This is a highly visible role with significant exposure to executive leadership, Board committees, Risk Committees and regulatory stakeholders.
- Key Responsibilities
- Lead the development, maintenance and annual review of the firm's ICARA process and documentation.
- Own the firm's prudential risk framework under MIFIDPRU.
- Coordinate and challenge risk assessments across the business to ensure appropriate identification and mitigation of potential harms.
- Oversee capital adequacy, liquidity adequacy and wind-down planning assessments.
- Monitor Own Funds, Fixed Overheads Requirement (FOR), K-Factor requirements and other prudential metrics.
- Deliver stress testing, reverse stress testing and scenario analysis to support capital planning.
- Prepare high-quality reporting for Executive Committees, Risk Committees and Boards.
- Act as the primary point of contact for prudential regulatory matters and FCA engagement.
- Support regulatory submissions and prudential reporting requirements.
- Work closely with Finance, Risk, Compliance and Operations teams to ensure consistency across governance and risk management frameworks.
- Identify opportunities to improve prudential governance, controls and reporting processes.
- Support internal audits, external reviews and regulatory examinations.
- Monitor developments in FCA prudential regulation and assess implications for the business.
Candidate Profile
We are seeking individuals who can demonstrate:
- Significant experience operating within FCA-regulated investment firms.
- Deep knowledge of MIFIDPRU, ICARA and prudential risk management frameworks.
- Practical experience preparing, reviewing and enhancing ICARA assessments.
- Strong understanding of Own Funds calculations, FOR requirements, K-Factors, concentration risk and liquidity risk.
- Experience presenting complex prudential matters to senior executives and Boards.
- Strong regulatory engagement experience, ideally including interaction with FCA supervisors.
- Exceptional analytical, communication and stakeholder management skills.
- The ability to challenge constructively and operate independently at a senior level.
- Highly Desirable
- Experience within an asset manager, wealth manager, broker-dealer or alternative investment firm.
- Previous involvement in prudential remediation programmes or regulatory change initiatives.
- Experience supporting FCA reviews or supervisory engagements.
- Professional qualifications such as ACA, ACCA, CFA, FRM or equivalent.
- Exposure to enterprise risk management and governance frameworks.
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