Head of Prudential Regulation

Job Category: Technical Specialist / Manager Location: Liverpool, GB, L3 1NW Leeds, GB, LS1 4AP Date: 23 Jan 2025 Rathbones provides individual investment and wealth management services for private clients, charities, trustees and professional partners. We have been trusted for generations to manage and preserve our clients’ wealth. Our tradition of investing and acting responsibly has been with us from the beginning and continues to lead us forward. Our ambition is to be recognised as the UK’s most responsible wealth manager. Job Title: Head of Prudential Regulation Department: Finance Location: Liverpool, Leeds Contract Type: Permanent Reporting to: Sarah Game The Role Leading a newly formed team reporting to the Group Treasurer & ALM Controller that is dedicated to prudential management under both PRA (banking) and FCA (investment firm) basis. Responsible for ensuring the group’s compliance with prudential regulatory requirements across both regulatory capital and liquidity, acting as the subject matter expert in prudential regulation through the provision of advice and guidance to key stakeholders. The role will be responsible for horizon scanning to ensure Rathbones are well informed of current and future regulatory developments. Outcomes of the Role Act as SME for the group on prudential regulation, ensuring interpretation of rules is both correct and appropriately documented by the accountable teams, and establishing an effective horizon scanning process to promote awareness and preparedness for future changes in rules / requirements. Responsible for the regulatory reporting governance framework, building on existing policies in place to drive improved compliance across the group. Co-ordinate the annual ICAAP and ICARA and Recovery & Resolution annual processes and related document updates, driving SME workshops to quantify operation risk exposures etc, lead the completion of stressed scenarios, timelines and updating the document with inputs from key stakeholders. Responsible for ensuring the production of the relevant disclosures, including Pillar 3 disclosure requirements and MIFID PRU 8 disclosure, and for updating prudential narrative in any key literature as required. Oversee management of the FSCS deposit scheme, ensuring SCV files are reconciled and complete, and tests are performed frequently to ensure compliance with submission rules. Responsible for the annual review (or more frequently if required) of risk tolerances, recommending changes where appropriate and ensuring calibration methodology is clear. Act as the main point of contact for the PRA, managing a good relationship and dealing with meeting requests, arranging annual SREP visits, distributing information received across the group and managing queries. Ensuring all interactions, communication and correspondence is managed in a timely and effective manner. Co-ordinate production and analysis of relevant MI for onwards reporting to the Group Treasury & ALM Controller, executive committees, and board. Represent prudential management at the group/RIM ALCO, acting as advisor, setting our balance sheet and capital positions as set out in the standing agenda and according to the committees’ terms of reference. Lead the annual review and update (or more frequently if required) of all policies owned by the prudential management team. Responsible for ensuring all departmental procedures are produced to the required standards of the Finance function. Contribute to the process of maintaining an adequate and efficient regulatory capital position, supporting with the review of capital positions and forecasts. Responsible for continued personal development of the team through the setting of relevant objectives linked to both the groups strategic plan and the developmental needs of individuals to strengthen their skillset. Knowledge, Skills and Experience

A qualified accountant (ACCA / CIMA or equivalent) or qualified treasurer (ACT or equivalent). Completion of the CertBALM Diploma advantageous. Significant knowledge of prudential regulation under UK CRR and IFPR/IFR commensurate with the role, comfortable working with rulebooks, consultation papers policy statements and other similar documents. Regulatory reporting experience with knowledge of the PRA handbook requirements. Experience with regulatory reporting systems. Proven ability to influence and drive changes required to meet regulatory and governance standards. Significant experience in an equivalent role with excellent management experience and ability to encourage personal development. Life at Rathbones We aim to become an employer of choice for the wealth management sector, to achieve this we are working hard to build a diverse, equal, and inclusive workplace that motivates, develops and embraces the strengths of all our colleagues. Being part of Rathbones means you will join a team of passionate professionals in a successful culture that cares for its people. At Rathbones, we provide meaningful work, opportunities, and a voice to all. We are committed to building a team that is made up of diverse skills, experiences and abilities and encourage applications from all backgrounds. We welcome individuals who share our values – those that are passionate about client service, operate with the highest levels of integrity and have a strong results focus.

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