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Prudential Risk & Reg Consultant - Capital and Liquidity

Posted: 18 Nov 2020 Closes: 18 Dec 2020
London, London Region UK Competitive
Permanent & Full-time -314071244

Job description

A career in our Financial Services Credit Risk practice, within Risk Consulting services, will provide you with the opportunity to help organisations rethink their approach to risk by developing a distinctive strategy and creating capabilities and performance. We play an important part in helping our clients assess, design and develop solutions that not only help them manage risk but also transform risk and complexity into a sustainable advantage.

Our team helps organisations measure and manage the risk associated with borrower, counterparties or other third parties who have a financial or contractual commitment to them. As part of the team, you'll help assess, design, and implement strategic credit risk functions, collection and recovery units as well as leading credit risk management trainings.

About the role

The prudential regulatory regime continues to evolve with developments such as CRDV and 'Basel IV' in addition to the challenges for firms arising from the significant increase in supervisory scrutiny over prudential regulatory reporting (including potential external RWA assurance expectations and Skilled Persons Reports over capital and liquidity). These present 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 challenges and assess the impact of the wider prudential reform agenda whilst meeting 'business as usual' regulatory expectations. In addition, firms and regulators need external parties with the right experience and expertise to provide independent assurance over the capital and liquidity ratios and associated reporting.

We are looking for candidates who have regulatory technical knowledge and experience, including the associated technical rules and guidance, in one of the following:
  • Pillar 1 credit, counterparty credit and / or market risk regulatory capital requirements (standardised and/or model approaches) (including leverage and large exposures). This may also include the associated regulatory reporting (e.g. PRA and COREP returns); or
  • Pillar 1 liquidity including LCR, PRA110 and NSFR. This may also include the associated regulatory reporting (e.g. PRA and COREP returns)

Responsibilities

As a Senior Associate, you'll work as part of a team of with extensive consulting and industry experience, helping our clients solve their complex business issues from strategy, assurance over regulatory reporting, remediation and responding to regulatory developments. Specific responsibilities include but are not limited to:
  • Being a member of teams 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 a new regulatory landscape presents
  • Working on projects relating to various components of Pillar 1 credit, counterparty credit and market risk and/or liquidity requirements including regulatory reporting and associated governance and controls, risk management frameworks, policies and procedures, risk measurement, monitoring and reporting
  • Preparing regulatory analysis and reports
  • Supporting senior team members through the development of marketing and sales activities
  • Relationship building and networking with clients and internally across PwC

Essential skills

The essential skills we are looking for are:
  • Educated to degree level.
  • Strong written and verbal communication skills.
  • Good numerical skills
  • Knowledge and experience of at least one of retail, commercial, wholesale and/or investment banking sectors.
  • At least two to five years' experience in financial services prudential requirements.
  • Good relationship management skills
  • Experience of problem solving and being able to implement and deliver solutions tailored to a client's needs.

The technical skills we are looking for are specific to Pillar 1 capital and liquidity requirements. We need individuals with skills in a combination of the following:
  • Good understanding of the COREP and other PRA prudential regulatory reporting requirements and associated governance and controls frameworks (relating to capital and/or liquidity)
  • Good 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.
  • Good understanding of trading books and market risk requirements and the policies, procedures and strategies to manage this risk.
  • Good understanding of liquidity requirements and the policies, procedures and strategies to manage this risk.
  • Good technical experience and expertise in existing and future regulation in relation to credit, counterparty credit and/or market risk
  • Hands-on experience of IRB, SA-CCR, IMM and VaR
  • An ability to understand, interpret and communicate complex regulation.
  • Experience with systems and controls supporting prudential regulatory requirements.

Risk Assurance

We're a leading provider of trust in the digital world - in the eyes of our people, our clients and our stakeholders. Today's business environment is different. More complex. More connected. Companies not only face new and unknown risks, but also new and untapped opportunities. Our team is at the forefront of this change, join us to be a part of transforming how risk is perceived and capitalised on.
Not the role for you?

Did you know PwC offer flexible contract arrangements as well as contingent work (ie temporary or day rate contracting)?
The skills we look for in future employees

All our people need to demonstrate the skills and behaviours that support us in delivering our business strategy. This is important to the work we do for our business, and our clients. These skills and behaviours make up our global leadership framework, 'The PwC Professional' and are made up of five core attributes; whole leadership, technical capabilities, business acumen, global acumen and relationships.

Learn more here: www.pwc.com/uk/careers/experienced/apply
Diversity

Valuing Difference. Driving Inclusion.

We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool because creating value through diversity is what makes us strong as a business, enabling us to solve important problems and deliver value to our clients. We encourage an inclusive culture where people can be themselves, are valued for their strengths and are empowered to be the best they can be. As an organisation with an increasingly agile workforce, we also support different ways of working offering flexible working arrangements. Learn more here about our work to support an inclusive culture.

www.pwc.com/uk/diversity

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