Senior Manager, Prudential Risk

Description

IG is a FTSE 100 fintech operating across five continents, serving over 1.3m customers and handling billions of dollars in transactions – built on scale, trust, and proof. We didn't pivot to innovation; it's how we've always operated. What that means for the people who work here is real: genuinely complex problems to solve, the technology and resources to tackle them properly, and the kind of scope that's rare in established businesses.

The perks

• Competitive salary

• Flexible Benefits Package on top of your salary (12%)

• Private medical cover for you and your family

• Life insurance

• Contribution to gym memberships

• 25 Days holiday, with 1 additional day off to celebrate your Birthday & 2 additional days off a year for voluntary work (28 in total)

• The option to buy or sell holiday days

• Unlimited access to the LinkedIn Learning Platform

• A comprehensive global and local onboarding process

• Employee-led LGBTQ+, Women’s, Black and Parents & Carers networks with an annual budget for organising events & projects that foster an open, diverse and inclusive culture

• Option to participate and create ESG initiatives based on IG Brighter Future Fund

• Enhanced primary (maternity), secondary (paternity), and shared parental pay and leave, as well as a range of support and benefits for parents

• Study package to support completion of the CGI qualification (if part qualified).

ICARA Process Execution

• Own and execute IG's Internal Capital Adequacy and Risk Assessment (ICARA) process end-to-end, coordinating risk assessments, wind-down analysis, and capital and liquidity adequacy assessments across the Group.

• Design and run stress testing programmes that credibly challenge IG's capital position under a range of macroeconomic, market, and idiosyncratic scenarios.

• Produce the ICARA document to a standard that withstands FCA scrutiny, incorporating clear narrative, robust quantitative analysis, and well-evidenced conclusions.

• Drive continuous improvement of the ICARA methodology, embedding lessons from regulatory feedback and evolving best practice.

Professional Experience

• Significant experience in prudential risk, capital management, or a related quantitative risk discipline within financial services, gained in a second-line, regulatory, or specialist advisory capacity.

• Deep, hands-on knowledge of MIFIDPRU and the ICARA process, including capital adequacy assessment, wind-down analysis, and stress testing.

• Proven track record of developing and maintaining capital models and quantitative risk methodologies, with strong model governance practices.

• Experience preparing regulatory submissions and engaging directly with the FCA or PRA on prudential matters.

• Demonstrated ability to partner with Finance on capital planning and forecasting processes.

• A relevant professional qualification (e.g. CFA, FRM, ACA, or equivalent) is advantageous but not essential.

About IG Group

• Maintain model documentation to the standard required for internal governance and regulatory review, ensuring assumptions, limitations, and calibration are clearly articulated.

• Monitor MIFIDPRU developments and FCA thematic reviews, assessing implications for IG's capital models and ensuring methodologies remain current.

Key Deliverables & Outcomes

• An ICARA process and document that is robust, well-governed, and consistently meets FCA expectations.

• Capital models and quantitative methodologies that are credible, well-documented, and subject to appropriate governance.

• Regulatory submissions of the highest quality, produced on time and to standard.

• A stress testing programme that provides genuine insight into IG's capital resilience across a range of scenarios.

Skills & Attributes

• Quantitatively strong — comfortable building and stress-testing models, interpreting outputs critically, and communicating uncertainty with appropriate nuance.

• Regulatory fluency — able to navigate complex rulebooks and translate technical requirements into clear, practical guidance for a business audience.

• Precise communicator — produces written work of the quality required for regulatory submission and Board-level consumption.

• Commercially aware — understands business drivers and calibrates capital assessments to reflect real-world constraints and strategic priorities.

• Collaborative and influential — builds trusted cross-functional relationships, particularly with Finance, and operates effectively without direct authority.

• Follows IG's five performance principles: Lead and Inspire, Think Big, Champion the Client, Deliver at Pace, and Raise the Bar.

Regulatory Submissions & Engagement

• Prepare regulatory submissions and associated documentation for FCA requirements, including ICARA submissions, regulatory returns, and responses to supervisory requests.

• Act as subject matter expert during regulatory examinations and thematic reviews, presenting IG's capital assessment approach with clarity and authority.

• Draft IG's responses to FCA consultations relevant to prudential regulation, identifying practical implications and setting out well-reasoned positions.

• Maintain current knowledge of MIFIDPRU, CRD/CRR developments, and FCA supervisory priorities, translating requirements into actionable internal guidance.

• Strong, trusted relationships with Finance enabling integrated and forward-looking capital planning.

• Clear, actionable capital adequacy MI that supports informed decision-making at committee and Board level.

Capital Planning & Finance Partnership

• Partner closely with Finance on capital planning, forecasting, and ongoing monitoring, ensuring risk and finance perspectives are well integrated in IG's capital management process.

• Produce regular capital adequacy MI for Risk Committee and Board, providing clear analysis of headroom, sensitivities, and emerging risks to the capital position.

• Support strategic initiatives and M&A activity by providing capital impact assessments and scenario modelling as required.

• Contribute to wind-down planning and recovery analysis, ensuring capital and liquidity adequacy under stress is well-evidenced and clearly documented.

Capital Modelling & Quantitative Methodology

• Develop and maintain IG's capital models, covering Pillar 1 own funds requirements, Pillar 2 add-ons, and operational risk capital quantification.

• Build and refine quantitative risk methodologies, including scenario analysis frameworks, tail loss modelling, and sensitivity analysis tools.