Head of Prudential Risk & Compliance


London, GB
  • Job Type: Full-Time
  • Function: Legal
  • Post Date: 01/02/2021
  • Website: cashplus.com
  • Company Address:

About Cashplus

Provider of banking services. The company's banking services offers prepaid card and current account, provides approval once verified, instant account number and sort codes which are ready rto use and requires no credit check to open accounts, enabling users to get banking services at a click or a tap.

Job Description

The specialist bank for UK small business is looking for a Head of Credit Risk

Based in London with remote working opportunities


Who we are;

Cashplus is a leading specialist UK digital challenger to banks. A true fintech pioneer, we offer faster, smarter, simpler banking services for the entrepreneurs, independent businesses and consumers that power the UK economy, yet are too often overlooked by high street banks. Since 2005, we’ve created easier ways for more than 1.6m customers to pay, bank and borrow through our user-friendly digital platform.



Working here;

If you enjoy being collaborative, hands-on and have an entrepreneurial spirit you’ll love it here. We’re offering the excitement, scope and stimulation of an innovative fintech with the security of joining an established, sustainable and profitable business.


Our business goals are to;

  • Become a bank that Customers Love,
  • Develop Brilliant, Sustainable Products, and;
  • Earn an Outstanding Reputation


The role is;

Responsible for firm-wide oversight of and leading the strategy for Prudential Risk and Compliance, from a second line perspective. You will take a lead role on PRA Regulatory Affairs, including preparation for PRA visits and information requests. Your responsibilities will include the following;

  • Leading on the firm-wide Prudential Risk and Compliance strategy and oversight from a second line perspective. This includes responsibility for Prudential regulation horizon scanning; prudential risk thematic assessments; and leading and embedding the Prudential Risk and Compliance Working Group.
  • Maintaining and managing a 'business partner' relationship with the first line, which includes overseeing, challenging and adding value to matters related to Prudential Risk and Compliance. As part of the relationship you will also be promoting a culture of proactive SMF/ExCo owner raising of risk and compliance matters (together with root causes and mitigating actions) to the relevant Groups/Committees.
  • Leading and driving the PRA Regulatory Affairs strategy, including interfacing with the PRA as required, included being interviewed as the subject matter expert on prudential risk and compliance matters (for example during a C-SREP visit); and ensuring a positive regulatory relationship.
  • Owning the review/oversight/further development of the relevant Enterprise Risk Management Framework risk registers as well as production of MI and reports for the Executive and Risk Committees for Prudential Risk and Compliance matters. This includes reports on matters such as prudential compliance horizon scanning; prudential risk macro-environment; regulatory affairs; and firm-wide improvements, controls and gaps.
  • Attending the Credit Committee and ALCO (both of which report to the Risk Committee); as well as relevant Working Groups and report key findings to the CRO and the wider Risk& Compliance function.
  • Liaise with the second line Operational Risk and Credit risk areas/colleagues to assess the financial and operational resilience of (and related MI and risk appetites for) the firm holistically.
  • Undertaking Prudential Risk related thematic risk assessment e.g. on Treasury/ALCO matters.
  • Deputising for the CRO as and when needed.
  • Presenting work to the Risk Committee on prudential risk and compliance as relevant.
  • Managing and reporting both to the CRO and Chair of Risk Committee any conflicts of interest arising from the day to day considerations on prudential risk and compliance matters.
  • Responsibility for second line review of the ICAAP, ILAAP and RRP.
  • Supervising the review prudential returns (including COREP/FINPER by the Senior Prudential Compliance Officer. These returns are completed and submitted to the regulator by the first line Finance function.
  • Helping the Operational Risk and Credit Risk areas identify, analyse and embed prudential requirements as relevant, including for Operational Resilience and Model Governance.
  • Leading the development of the Financial Risk from Climate Change Framework and ensuring (in conjunction with the Head of Credit Risk) that it is in line with regulatory expectations and industry practise.
  • Owning the ‘Prudential Compliance’ risk register and helping with the review and further development of other relevant Enterprise Risk Management Framework risk registers.
  • Lead on industry consultations undertaken by UK Finance as relevant.

You’ll love it here if;

  • You’re dynamic and proactive individual and love being the expert in your field
  • Like working in a collaborative environment, whilst taking ownership of our Prudential Risk function
  • Play a crucial role in helping us become a specialist bank within the SME space


You’ll need to have;

  • Deep subject matter expertise on prudential risk and compliance matters, especially on Capital and Prudential Regulation, gained in a retail (or equivalent) banking environment or working for a regulatory authority or a consultancy firm.
  • Experience of interfacing with regulatory bodies as well as presenting to Board/Executive level committees.
  • Been operating independently to a ‘Head of’ standard.


Things you’ll develop with us;

  • Extensive experience working closely with Senior Stakeholders across the business on our journey to becoming a bank
  • Commercial awareness and understanding of the SME banking market and fintech space


In return you’ll enjoy;

  • Competitive basic salary
  • 7.5% of salary in cash allowing you the flexibility to decide your own benefits (or simply take the cash)
  • 26 days’ holiday increasing each year of service to 33 days
  • Ability to buy and sell a further 5 days holiday each year
  • Flexible working
  • Great location by Borough Market and London Bridge
  • 4 x Life Assurance
  • Pension salary sacrifice
  • Family friendly policies
  • Regular social activities and team events
  • Season Ticket Loans
  • Cycle to work facilities
  • Charity Volunteering day

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Disclaimer: Local Candidates Only
This company does NOT accept candidates from outside recruiting firms. Agency contacts are not welcome.