Manager, Specialist Financial Risk, Capital Assessment Team

The Prudential Regulation Authority (PRA), is responsible for the safety and soundness of around 1,500 banks, building societies, credit unions, insurers and major investment firms across the UK. We play a vital role in promoting a resilient financial system that supports households, businesses and the wider economy.

We are looking for an experienced capital specialist to join our Capital Assessment Team (CAT) within the Specialist Supervision Division. The role sits within UK Deposit Takers Supervision, the area of the PRA responsible for supervising UK banks, building societies and credit unions.

This is an opportunity to apply and further develop deep expertise in banking capital, prudential risk and stress testing while working on issues that directly influence regulatory decisions. You will engage with a wide range of firms, from newly authorised banks through to established institutions, assessing their resilience and providing expert advice that helps ensure firms remain financially sound through changing economic conditions.

The role would suit candidates from a range of backgrounds, including prudential supervision, banking, treasury, prudential risk, capital management, regulatory policy, prudential consulting and stress testing.

The Capital Assessment Team (CAT) is a specialist team of around 15 colleagues within UK Deposit Takers Supervision, responsible for assessing capital adequacy across a broad population of small to medium sized UK banks and building societies.

These firms play an important role in supporting households and businesses across the UK. The team's work helps ensure that they hold sufficient financial resources relative to the risks they face and that their capital planning remains robust through changing economic conditions.

The team also contributes to the PRA's understanding of risks and vulnerabilities across the sector through cross-firm analysis, quantitative assessment and analysis of sector-wide vulnerabilities and how firms across the sector may be affected under adverse economic conditions.

A significant proportion of the team's work involves undertaking capital assessments (C-SREPs), including reviews of firms' Internal Capital Adequacy Assessment Processes (ICAAPs) and wider capital planning frameworks. The team's analysis directly informs regulatory capital decisions and on firms' individual regulatory capital requirements for a broad population of small to medium-sized banks and small to medium-sized building societies. The team is also playing a leading role in implementing major prudential reforms, including Basel 3.1 and the Small Domestic Deposit Taker (SDDT or "Strong and Simple") regime.

Alongside this, the team contributes to the PRA's understanding of sector-wide risks and vulnerabilities through cross-firm analysis and assessment of resilience under adverse economic conditions.

The team is playing a leading role in implementing major prudential reforms, including Basel 3.1 and the Small Domestic Deposit Taker (SDDT or "Strong and Simple") regime, providing a unique opportunity to influence how these changes are applied in practice across a large population of UK firms.

The team sits within the Specialist Supervision Division (SSD), a centre of expertise covering key prudential risks including capital, liquidity, credit risk and operational resilience. SSD specialists work closely with supervisors, policymakers and senior decision-makers across the Bank of England.

This role combines technical capital assessment, prudential analysis and engagement with senior stakeholders.

You will:

• Lead reviews of firms' Internal Capital Adequacy Assessment Processes (ICAAPs) and wider capital planning frameworks.
• Assess key risks to firms' capital positions and provide recommendations that inform regulatory capital decisions.
• Deliver both qualitative and quantitative analysis of firms' business models, risk profiles and resilience.
• Engage directly with senior executives and Board members, providing technical challenge and discussing firms' capital positions, risk profiles and resilience plans.
• Produce clear, evidence-based assessments and present findings to senior colleagues and decision-making forums.
• Support the implementation of major prudential policy developments, including Basel 3.1 reforms and other developments affecting banking capital requirements.
• Provide technical input to newly authorised and growing banks as they develop their capital frameworks and…