The Prudential Risk team focuses on ensuring that the bank remains financially safe, stable, and compliant with prudential regulatory requirements.

As the Prudential Risk Manager, you will support the Group Head of Solvency Risk and Regulatory Reporting oversight on the management of solvency risk and the oversight of the regulatory reporting process including conducting thematic risk reviews across the suite of Prudential regulatory reporting, review of BAU returns and horizon scanning, as well as supporting the solvency analytics, management information, and supporting the Group Internal Capital Adequacy Assessment Process (ICAAP) and Recovery and Restructuring Plan (RRP).

The role can be based from our Wolverhampton or Chatham office with occasional travel between offices, we also operate a hybrid policy.

As Prudential Risk Manager, you will have the opportunity to work closely with the regulatory reporting and finance planning functions to support and enhance existing processes and ensure the Group remain compliant with regulatory expectations and adhere to industry best practice.

Your responsibilities will include:

• Managing the overarching second line regulatory reporting framework for prudential risk, including oversight of the Regulatory Reporting returns, policies and processes
• Support the second line oversight of solvency risk, assisting in the capital reporting process where required including the on-going production and monitoring of solvency risk reporting
• Support the second line oversight of capital planning activities including providing challenge to assumptions in the business as well as conducting sensitivity analysis
• Supporting on the second line oversight of the annual Internal Capital Adequacy Assessment Process (ICAAP) and Recovery and Restructuring Plan (RRP)
• Manage the second line oversight of the Group’s Pillar 3 Disclosures and Resolution reporting
• Support the Group Head of Solvency Risk and Regulatory Reporting Oversight with the maintenance of the risk registers

We offer a base salary between £69,000 - £80,000 dependent on experience and location and a competitive benefits package including:

• Enhanced family-focused benefits
• Hybrid-working
• Annual bonus opportunity

Please use this link to see the fantastic benefits available at OSB: OSB Careers

At OSB Group, we understand how much our people bring to our organisation, which is why we try our best to give back too! Our Purpose is to help our customers, colleagues and communities prosper and we are on a transformation journey to become ‘the bank of the future’.

Our commitment to professional development, flexible working, and employee well-being fosters a dynamic and supportive workplace.

We are looking for talented individuals who have the experience and knowledge set out below:

• Previous experience of the Regulatory Reporting regime for a retail bank is essential, including the understanding of Basel 3.1
• Previous experience in managing risks associated with business assets and liabilities, working in a retail bank, consultancy, or regulator is essential
• Specialist knowledge of the regulatory reporting regime is essential

If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.

Still on the fence? Hear from our team or explore our process: OSB Careers

Shortlisted candidates will go through a personalised recruitment process, that is relevant and conversational – inclusive any individual reasonable support required. We want to bring out the best in you!

Diversity, Equity & Inclusion

Not sure if you meet the spec? Let us decide.

Research tells us that those from marginalised groups feel like they need to meet 100% of the criteria to apply. Here at OSB, we are committed to inclusivity and understand the value different experiences and perspectives can bring, so please don’t feel like you need to check every box to apply for a role internally.

We champion diversity at all levels, with Board-level Diversity Champions tracking our progress. We are proud to be signed up to the Women in Finance Charter to actively support the growth and development of senior women in our sector and are dedicated to treating all our employees and job applicants equally, opposed to discrimination on any grounds.