Prudential Regulation - Senior Manager - Banking & Capital Markets
Who we are looking for
The world of Risk and Regulation is changing, join us on the journey and be part of creating a new and relevant financial services industry. Our Financial Services Risk and Regulation (FSRR) team is made up of 50 partners and 800 professional staff and our number and capabilities are expanding every day.
The FSRR division is looking to expand its leading prudential regulatory business and we are looking for candidates at the Senior Manager level with banking sector experience.
About the role
The prudential regulatory regime continues to involve with developments such as CRDV and ‘Basel IV’ and Brexit creating continued demands on the Regulatory, Risk and Finance teams in banks and investment firms. This, coupled with increased supervisory scrutiny over ongoing compliance (e.g. Skilled Persons Reports and the Senior Managers Regime) has presented challenges for firms both for ongoing compliance and also from a more strategic perspective. Firms need technical and practical advice on how to adapt to these changes and assess the impact of the wider prudential reform agenda whilst meet ‘business as usual’ regulatory expectations.
We are looking for candidates who have regulatory technical expertise and experience in one or a combination of credit, counterparty credit and market risk regulatory capital requirements including the advanced approaches (e.g. IRB, IMM and VaR) and liquidity risk regulatory requirements.
• Being a member of a team on large and small engagements - working as part of a project team on client sites and day-to-day liaison with clients.
• Identifying the impact of prudential regulatory change and supporting clients to adapt to the challenges the new regulatory landscape presents, e.g. changes to standardised approach for credit risk (‘SA-CR’), Internal Ratings Based (‘IRB’) approach, standardised approach for counterparty credit risk (‘SA-CCR’), FRTB and NSFR
• Leading and working on projects relating to various components of credit /counterparty credit risk, market risk and/or liquidity risk including governance and controls, risk management framework, policies and procedures, risk measurement, monitoring and reporting.
• Preparing regulatory analysis and reports
• Leading/supporting reviews of clients’ compliance with credit, counterparty credit, market risk and/liquidity requirements, including regulatory reporting (COREP).
• Supporting senior team members through the development of marketing and sales activities and continuous client contact programmes with senior client staff.
• Relationship building and networking with clients and internally across PwC.
• Providing input to the debate on development and application of regulation, participating in PwC’s Thought Leadership.
Educated to degree level.
Knowledge and experience of at least one of retail, commercial, wholesale and/or investment banking sector, including a strong understanding of risk and capital management processes and procedures; and/or liquidity risk management and reporting.
At least eight to ten years’ experience in financial services in either credit, counterparty credit, market or liquidity risk. Candidates with lesser experience will be considered at the Manager level.
Strong relationship management skills are essential as well as experience in project management.
Experience of problem solving and being able to implement and deliver solutions tailored to a client’s needs.
Strong written and verbal communication skills.
The technical skills we are looking for are specific to credit, counterparty credit, market and/or liquidity risk. We need individuals with skills in a combination of the following areas:
Detailed understanding of the overall credit and/or counterparty credit risk management lifecycle and associated credit/counterparty credit risk and the policies, procedures and strategies employed to manage this risk.
Detailed understanding of trading books and market risk requirements and the policies, procedures and strategies to manage this risk.
Deep technical experience and expertise in existing and future regulation in relation to credit, counterparty credit, market and/or liquidity risk
Detailed understanding of liquidity risk management and the policies, procedures and strategies to mitigate this risk
An ability to understand, interpret and communicate complex regulation.
Experience with governance and risk management frameworks and systems and controls supporting prudential regulatory requirements.
Hands-on experience of IRB, SA-CCR, IMM and VaR
Practical experience of the application of the credit, counterparty credit, market and/or liquidity risk rules
Good understanding of credit and market risk modelling, stress testing and IFRS 9