Prudential Risk Manager

We’re looking for an experienced Prudential Risk Manager to join our Risk and Compliance team. Reporting to the Chief Risk Officer, you will play a key role in providing oversight and challenge across credit, prudential, capital, liquidity and climate-related risks, supporting effective decision-making and ensuring the Society maintains a strong risk management framework.

In this role you will:

• Lead the development of the Society’s credit analytics capability, including portfolio credit quality monitoring, loss given default modelling, forward-looking indicators of stress and credit quality, and climate-related analysis of the Society’s mortgage portfolios.
• Prepare and present high-quality prudential risk analysis, assurance findings and recommendations to Executive and Board-level committees, supporting effective oversight, challenge and decision-making.
• Provide independent second-line oversight, review and challenge of first-line risk management activity, ensuring material prudential, credit, liquidity, capital and climate-related risks are appropriately identified, assessed, controlled and reported.
• Provide oversight and challenge relating to ICAAP, ILAAP, Recovery Plan and Resolution Pack, Operational Resilience, Third- Party Risk Management, and key regulatory returns.
• Review risk limits, Early Warning Indicators (EWIs) and Risk Policies in conjunction with first-line owners.
• Act as a senior risk partner to Finance, Treasury, Lending and Operations supporting the embedding of robust prudential risk management across the Society.
• Contribute to the design and prioritisation of the annual Risk and Compliance Plan, identifying areas requiring thematic review, deep-dive assurance or enhanced second-line oversight.
• Undertake agreed second-line reviews and asset book deep dives, preparing reports for Executive and Board-level committees
• Escalate material risks, control weaknesses, risk appetite breaches and emerging prudential concerns to the Chief Risk Officer and relevant governance committees.
• Line manage and develop a direct report.
• Lead the development and delivery of the Society’s Green Agenda, supporting the Society’s goal of becoming a lower-carbon business of the future while maintaining colleague engagement.

To be considered for this role you will:

• Have a background in Credit Risk, Prudential Risk, Finance or Treasury within a regulated financial services environment either in first or second line.
• Have at least 4 years’ relevant prudential risk management experience within a similar regulated organisation.
• Possess a strong understanding of capital, liquidity, funding and balance sheet risk management within financial services.
• Have experience of ICAAP, ILAAP, Operational Resilience, Third-Party Risk Management and wider prudential regulatory requirements.
• Demonstrate a strong understanding of key regulatory expectations for credit and prudential risk, including the PRA Rulebook and supporting policies
• Be able to communicate complex second-line assessments confidently to Board-level audiences and, where required, the PRA.
• Be confident producing committee papers and presenting complex risk information to senior stakeholders.
• Demonstrate knowledge of UK banking regulations and risk management frameworks.
• Possess a strong statistical background with the ability to interpret data and produce reports.
• Have financial modelling skills using Excel.
• Be highly organised with excellent attention to detail and the ability to manage competing priorities.
• Have a keen eye for detail and consistently produce work to a high standard.
• Hold a degree-level qualification in a relevant field or have significant equivalent experience.

Salary:  £55,000-£60,000 p.a. depending on skills, qualification and experience
Location:  Tipton Head Office
Hours:  Full time, 35 hours per week

The Society is able to offer hybrid working, following successful completion of an initial probationary period, you would be able to work 2 to 3 days at home each week.

Why join us at the Tipton?

Located in the heart of the Black Country, here at the Tipton & Coseley Building Society we've created a working environment where employees can pursue worthwhile and rewarding careers, where creativity and productivity are encouraged, recognised and valued.

Our newly refurbished head office is based in the centre of Tipton, with local amenities including a local park and canal suitable for lunch time walks and a local train station connecting to nearby city centres including Wolverhampton and Birmingham.

Being a smaller building society, you will have access to all decision makers. Our open and approachable stance means you will cross paths with senior team members daily and your thoughts, recommendations, and ways of thinking differently will be respected and considered.

Our benefits include:

• 27 days’ annual leave plus public bank holidays
• Staff annual discretionary bonus scheme
• Pension contribution
• Life assurance of 4 x basic salary
• Private Healthcare*
• Permanent Health Insurance
• Health Cash Plan
• Access to internal Mental Health First Aiders
• Access to a Wellbeing hub and Employee assistance programme
• Celebration days
• Volunteering opportunities
• Free parking

*Access may be subject to length of service

Applications

If you would like to apply, please send your full CV with a covering letter indicating your suitability for the role by close of business on Thursday 29th October 2026.

Please note, we may close this vacancy earlier than the advertised closing date if we receive a high volume of applications.

To view our Recruitment Privacy Notice, please click here: https://www.thetipton.co.uk/media/cyddkruq/privacy-notice-recruitment-v6-april-2026.pdf

Tipton & Coseley Building Society is proud to be an equal opportunity employer. We are firmly committed to creating and maintaining a diverse and inclusive workplace in which all employees are valued, respected, safe, supported, and listened to without judgement or prejudice. We celebrate difference and encourage everyone to join us and be themselves at work. Please let us know if you need reasonable adjustments for any part of the recruitment process and we will be happy to assist.