Senior Associate - CoE - Banking & Capital Markets Infrastructure
Who we are looking for
We are looking for a talented Senior Associate to join our Financial Services Risk and Regulation (FSRR) Centre of Excellence (CoE). The role will provide an opportunity to develop your technical knowledge across a range of topics, and support a broad range of clients across the wholesale banks, capital markets and market infrastructure providers.
Who we are
About the FSRR
In the fast evolving world of financial services regulation, organisations need support and advice in how to deal with and manage regulatory change. The FSRR practice works with our clients to provide high quality advice and assurance to the financial sector. We help clients to anticipate and understand regulatory and policy change and make the necessary changes and adjustments to their business to manage this change. Where it is too late to prevent failure, we work with our clients to investigate the source of the problem, deal with the impacts and help to establish controls to support compliance going forward.
Joining our FSRR Centre of Excellence
The CoE is a growing part of our business. Our role is to support both clients directly and other FSRR client teams in our areas of regulatory expertise, often acting as deep subject matter specialists. Our team includes experts who cover asset management, banking and capital markets and insurance. The team includes risk, regulatory, legal and compliance professionals from a wide range of backgrounds including people from industry, auditors, lawyers, economists, industry bodies and policy makers and regulators.
Our focus is forward looking. We track new developments that will affect our clients, and engage with a wide range of stakeholders including regulators in the UK, EU and supranationally. We focus on emerging trends in risk and regulation, seeking to develop early points of view and thought leadership. We do this by developing relationships, knowledge and skills to help clients with the challenges they face.
As part of the FSRR, we have significant growth plans and are looking for ambitious and dedicated professional advisers to help us deliver on these plans. In line with our growth strategy and our long term plans in investing in financial services, we are seeking to supplement the existing team with new talent at the Senior Associate level.
With the help of this new talent, our aim is to continue to build a team that is known in the market as the best in class risk and regulatory consulting team, interacting with the major players in the UK, EU and global financial services industry and playing a key role in the services we offer to our clients.
Technical and client:
Monitoring and reporting on clearing, wholesale banking and capital markets regulatory developments (including but not limited to Central Counterparties Recovery and Resolution, EMIR I/II, SFTR, MIFID II, benchmark reform etc.)
Supporting clients and client delivery teams with industry and technical expertise on wholesale banking, capital markets and central clearing conduct matters
Acting as subject matter expert (SME) on large and small engagements, often simultaneously
Develop expertise in other agreed technical areas, to build SME knowledge
Help to identify client and industry impacts of regulatory developments
Provide perspective and context on regulatory developments and technical issues, contribute to development of thought leadership
Manage CoE regulatory tracking activity with colleagues as appropriate.
Producing written analysis and information including client publications, marketing materials, website content, training materials, etc.
Contributing to technical research, training, responses to consultation papers from relevant regulatory bodies etc.
Providing input to the debate on development and application of policy, participating in PwC’s Thought Leadership
Help to maintain and develop PwC’s relationships with key trade association, regulatory and financial market infrastructure stakeholders.
The following skills are required for this role:
Deep technical grounding in wholesale banking, capital markets and market infrastructure risk and regulatory issues. Suitable topics include: CCR&R, EMIR, SFTR, CSDR, benchmarks, to a lesser extent MiFID II.
Knowledge of the sector, including the structures and operations of firms, the use of outsource and infrastructure providers
Experience with FCA principles, rules and regulatory processes
Excellent technical, delivery and communication skills
Strong organisational and interpersonal skills
Ability to prioritise tasks
Ability to make new contacts, build strong relationships with clients and regulators, listen to and understand client needs and interpret this into new opportunities to assist them
Experience working with a UK or equivalent overseas regulator.
The ideal candidate would have demonstrable experience in wholesale banking issues. Previous experience is likely to have been in firm or in a policy/supervisory department at one of the regulators. Alternatively, the candidate may have gained his or her experience from working in an industry body, government department, law firm or consulting firm.