Senior Manager, Prudential Risk

Job Title

Senior Manager, Prudential Risk

Job Description

About IG Group

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 bar is high – bring a curious and forward-thinking mindset and we'll give you the platform to define what comes next.

Join us at IG – the future gets built here.

About the Opportunity

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.

Key Responsibilities

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.

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.
• 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.

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.

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.

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.
• 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.

Leadership Success Profile

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.

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.

Why IG Group?

Technical Depth & Regulatory Relevance: Own a genuinely complex prudential risk remit at a regulated FTSE 100 firm, with direct FCA engagement and high visibility across Risk and Finance leadership.

Strategic Consequence: Your capital analysis and ICARA outputs feed directly into Board-level decisions on capital deployment and regulatory standing — a role where analytical quality has real business impact.

Evolving Regulatory Landscape: Engage with a fast-moving prudential agenda including MIFIDPRU embedding, operational resilience capital requirements, and emerging FCA supervisory priorities.

Collaborative Environment: Work alongside a strong Risk and Finance community in a business that values rigour , pragmatism, and continuous improvement in equal measure.

Competitive Rewards: A competitive package including salary, performance-related bonus, and a comprehensive benefits suite within a dynamic, growth-oriented global business.

The perks

It really is more than a job. We’ll recognize your talent and make sure that you can still have a life – at work, and outside of it. Networks, committees, awards, sports and social clubs, mentorships, volunteering opportunities, extra time off… the list goes on.

• 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).

• Number of openings
• 1