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Prudential Risk Oversight Consultant (FTC)
Tandem
Manchester, UK
GBP 130k-130k / year
Posted on May 1, 2025
Job Title: Prudential Risk Oversight Consultant (FTC)
Working Pattern: Fixed-Term Contract, approximately November 2024 to June 2025. We’re open to considering a 6 or 9 month arrangement for the right candidate. Standard working hours are Monday to Friday, 36.25 hours per week, though we’re happy to discuss part-time arrangements such as a 3 or 4 day working week.
Salary: Up to £130,000 per annum (full-time equivalent), pro-rated based on the agreed contract duration and working hours
Location: Flexible – Embrace fully UK remote or hybrid work from any of our vibrant UK offices in London, Cardiff, Durham or Blackpool.
At Tandem, we're not just a bank; we're a movement for positive change. If you're an experience Prudential Risk Oversight Consultant, ready to make an impact, we've got a space with your name on it!
The main purpose of the role is to provide a maternity cover within the second line of defence Prudential Risk team, with a focus on ICAAP, ILAAP and Assurance activities.
We are Tandem - Where impact meets innovation
Tandem is the UK's greener digital bank on a bold quest to revolutionise the way we save, borrow, spend, and share – all while nurturing our planet, our people and our customers. As one of Europe’s fastest growing digital banks, our values of being Brave, Enterprising, Simple, and Together (BEST) ensure our 500-strong team collaborate to drive a brighter, greener future.
Your team: Collaborators in change
Tandem is proud to offer a workplace with diverse experiences, perspectives, and backgrounds which leads to a unique company culture for our people and a better experience for our customers.
We are seeking a highly skilled Prudential Risk Oversight Consultant to join our Second Line Risk & Compliance Function, supporting the Director of Prudential Risk in a 3-person specialist team. This role offers a unique opportunity to influence the Bank’s approach to key prudential risk areas, including capital, liquidity, funding, IRRBB, wholesale credit risk, climate risk, and regulatory reporting.
You will be expected to bring deep subject matter expertise, operate with a high degree of autonomy, and work proactively across teams including Finance, Treasury, and Credit Risk, providing robust second line oversight and technical challenge.
What you will be working on:
- ICAAP & ILAAP: Support the coordination, development, and second line oversight of the Bank’s ICAAP and ILAAP, including contributions to scenario design, stress testing, and capital planning.
- Prudential Risk Oversight: Ensure key prudential risks are effectively identified, measured, monitored, and mitigated in line with regulatory expectations, internal policies, and best practice.
- Advisory & Methodology: Provide technical guidance on prudential risk methodologies, contribute to policy and framework development, and support risk appetite articulation and regulatory interpretations.
- Deep-Dive Reviews: Design and lead thematic assurance and independent reviews on key prudential topics.
- Horizon Scanning: Monitor external developments, including regulatory, macroeconomic, and market trends, and assess their potential impact on the Bank’s prudential risk profile.
- Governance & Reporting: Contribute to Risk Committee and senior management reporting, including enhancement and standardisation of prudential risk MI.
- Cross-Functional Collaboration: Support wider risk initiatives and transformation projects across the Risk & Compliance Function.
About You
Essential Experience & Skills
- Experience of prudential risk experience in banking, consulting, or regulation (e.g., PRA).
- Strong working knowledge of UK prudential regulation (PRA Rulebook, UK CRR, PRA SSs).
- Proven experience in ICAAP development or oversight, with a particular focus on Pillar 2A Credit Risk and Pillar 2B.
- Strong stakeholder management and communication skills – able to explain technical risk concepts to senior and non-technical audiences.
- Comfortable providing credible challenge and advice at all levels of the organisation.
- Strong organisational skills; able to work independently and manage multiple deadlines.
Desirable Skills & Experience
- Prior experience conducting independent assurance reviews as an external party or within second or third line functions.
- Understanding of PRA/FCA regulatory reporting processes (e.g., COREP, LCR, PRA110).
- Experience in ILAAP oversight and liquidity risk management frameworks.
- Exposure to project management, ideally within regulatory change or transformation programmes.
- Proficiency in Excel and/or SQL for data analysis and model review.
- Familiarity with banking products offered by specialist / growing UK banks, including secured and unsecured retail lending.
Rewards that reflect your value, what’s in it for you?
At Tandem, your hard work is rewarded in many ways, and we have an enhanced employee benefits package on offer from your very first day with us. The benefits outlined below are based on a full-time position and will be prorated accordingly to reflect the terms of the fixed-term contract.
- 25 days annual leave plus 8 days Bank Holiday
- An additional day off for a ‘celebration day’ including, but not limited to, birthdays, weddings, religious holidays, graduations etc
- Buy or sell up to 5 days holiday a year
- Salary sacrifice Pension contribution*, 4% employee contributions matched with 4% Tandem contribution (*Subject to salary eligibility)
- Smart Tech scheme (buy goods with 0% interest)
- Tandem Hub for treats, cash back and discounts on UK retailers
- 2 days per year paid volunteering
- Free cereal, snacks and drinks in all offices
- Quarterly team social budgets
Ready to make your mark?
Apply now and let's pave the way to a greener world, together. Our approach to DE&I is reflected in our hiring process so please let us know if you require any reasonable adjustments.
Sourcing Model
Recruitment at Tandem works primarily on a direct sourcing model and does not accept resumes from recruitment agencies which are not on the preferred supplier list. We are not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company. You can find our Applicant Privacy Policy on our Careers page.
Tandem is an equal opportunity employer and are committed to meeting our responsibilities under the Equality Act (2010). We respect the diverse experience and talents that every individual brings to our Company, and we are determined to ensure that no applicant or employee receives less favourable treatment on the grounds of gender, age, disability, religion, belief, sexual orientation, marital status, or race, or is disadvantaged by conditions or requirements which cannot be shown to be justifiable.
Please be aware that background checking (including credit, criminal records and CIFAS Internal Fraud Database Checks) form part of our recruitment process. We will adhere to our duties under the Rehabilitation of Offenders Act 1974. #INDSJ