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The role sits within the Risk Regulatory Oversight and Coordination team. The aim of the team is to ensure that the firm complies with all applicable regulatory requirements so that it can maintain its IMM permissions within Counterparty Credit Risk (CCR). The purpose of the role is to lead the oversight and governance of these IMM requirements, working with Risk colleagues to develop strong relationships with regulators and provide effective challenge over regulatory deliverables.
Job Responsibility:
Advising on Regulations
owning the interpretation of specific parts of the Prudential Rulebook, and escalation for queries relating to prudential regulatory compliance
Communication of key Regulatory themes to senior Risk management
Management of internal governance for adherence to regulatory permissions through oversight of Risk owned Permissions and maintenance of a central Permissions library
Coordination, review and challenge of the Model and Rating System Applications/Notifications
Drives delivery of certain Risk-led regulatory deliverables, providing robust review and challenge of constituent parts provided by internal stakeholders
Provision of comprehensive, accurate and consistent information to Regulatory supervision teams, supporting Risk in providing transparent communication with regulators via face to face meetings, regulatory letters or applications
and tracking and delivering commitments to regulators
Requirements:
Expert knowledge of counterparty credit risk models and risk management, including related prudential regulations, i.e. knowledge of PRA regulated institution with IMM model approval
Detailed experience in interpreting regulatory requirements, articulation of rule compliance and ability to review and challenge associated regulatory processes
Strong numerical skills and ability to clearly articulate technical subjects within counterparty credit risk
Delivery focused - highly organised and proactive individual with strong attention to detail and ability to manage multiple complex projects and deliver within tight timeframes
Nice to have:
Excellent written and verbal communication skills and ability to engage with internal and external stakeholders at multiple levels and work effectively both individually and as part of a team
Strong judgement and problem-solving skills
Strong control mindset, with a good understanding of the importance of a robust governance and control structure, and what that means for an investment bank Counterparty Credit Risk function
Good software skills including proficiency in the use of MS applications and SharePoint
What we offer:
Hybrid working
Wellness Suite including a well-equipped gym and exercise studios, and provides personal training sessions and massage therapy
Supporting active commuters (cycle hire and parking areas, showering and changing facilities)