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