Senior Manager of Prudential Risk, IG Group
+ Performance-related bonus
3+ days a week in office
The UK's No.1 trading provider
Be an early applicant
The UK's No.1 trading provider
1001+ employees
Be an early applicant
+ Performance-related bonus
3+ days a week in office
1001+ employees
Company mission
We challenge anything that holds investors back.
Role
Who you are
- 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
- 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
What the job involves
- This is a technically demanding, high-visibility role at the core of IG's second line of defence
- As Senior Manager, Prudential Risk, you will be IG's in-house expert on capital adequacy and prudential regulation — owning the ICARA process end-to-end and ensuring IG's regulatory submissions to the FCA meet the highest standards of rigour
- Working in close partnership with Finance and the wider Risk function, you will translate complex regulatory requirements into well-governed capital planning processes
- This is a role for a rare combination: quantitative capability, regulatory fluency, and the credibility to engage confidently with the FCA, senior management, and Board-level committees
- 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
- 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
- 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
- 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
- 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
- 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
- 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
Salary benchmarks
Our take
Founded in 1974 by Stuart Wheeler as a UK-based spread betting company for gold, IG Group, abbreviated from Investors Gold Index, was initially set up to allow people to speculate and trade on the price change of gold without owning physical gold. And in the year 2000, it was listed on the London Stock Exchange and its gradual evolution into the world of fintech began.
By 2011, the company had played a part in numerous international buyouts before narrowing its focus down to financial wagers. During the latter half of that decade, IG shut down its binary options trading platform and focused instead on building an investment portfolio with partner BlackRock Investments, all whilst maintaining its Forex and CFD trading processes. Since then, it has become a fast-paced market leader in the investment space.
In recent years, IG Group has developed major platforms for various trading actions and has grown profit and revenue significantly. Alongside this it has acquired a number of companies, including tastytrade and Freetrade, and launched its own crypto product, making it the first UK-listed company to launch crypto trading to retail investors. This further proves how much of a staple IG Group is in the world of financial trading.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
5% employee growth in 12 months
Company
Company values
- Think big
- Deliver at pace
- Raise the bar
- Lead and inspire
- Champion the client
Company HQ
City of London, London, UK
Articles
Leadership
Breon Corcoran
(Group CEO)Joined IG Group as CEO in January 2024. Prior to this, they were the CEO of WorldRemit and a Non-Executive Director at Tilney Group.
Diversity, Equity & Inclusion at IG Group
- 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.
Share this job
View 10 more jobs at IG Group