This role is open specifically for people who are looking to work flexibly.
We know everyone’s lives are different and that traditional working patterns may not be quite right for you. Whether you’ve taken a career break, had time out to support family or are looking to balance your career with another passion of yours, we can offer you a flexible contract.
- 4 day week
Upon joining the firm you will have access to various training to give you the opportunity to upskill yourself on our various systems. You’ll also benefit from a programme specifically designed to support flexible workers integrate into the firm and introduce you to other people across our networks.
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 wider market developments. In particular, a number of firms with large mortgage books are likely to be impacted under the Basel IV rules and are therefore considering migrating from the standardised approach to the Internal Ratings Based (‘IRB’) approach. Furthermore, a number of material regulatory changes have been introduced by the European regulators and the Prudential Regulation Authority (‘PRA’) for firms that already have an IRB Permission in place. These developments present challenges for firms both for ongoing compliance, and from a more strategic perspective. Firms need technical and practical advice on regulatory compliance in relation to credit risk, impact analysis of the new regulatory changes, support in adapting to these challenges and assessing the impact of the wider prudential reform agenda whilst meeting ‘business as usual’ regulatory expectations.
We are looking for candidates who have detailed regulatory technical knowledge and experience, including the associated technical rules and guidance, in Pillar 1 credit risk regulatory capital requirements under the standardised and the IRB approaches
As a Senior Manager, 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, implementation of regulatory change, regulatory gap analysis, remediation of any gaps, and responding to regulatory developments.
Specific responsibilities include but are not limited to:
Being a member of and leading 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 including requirements under the standardised approach, IRB implementation and remediation, regulatory gap assessments, annual IRB self-assessments and 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
Providing input to the debate on development and application of regulation and participating in PwC’s Thought Leadership
Educated to degree level or equivalent
Good written, numerical and verbal communication skills.
Knowledge and experience of at least one of retail, commercial, wholesale and/or investment banking sectors.
At least seven to ten years’ experience in financial services prudential requirements. Candidates with lesser experience will be considered at the Manager level.
Hands on experience in relation to IRB – either from an implementation standpoint or in a review capacity
Strong relationship management skills as well as experience in project management and/or managing teams.
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 credit risk requirements. We need individuals with skills in a combination of the following:
Detailed understanding of the end to end credit life cycle for retail and/or wholesale banks, associated policies, procedures, controls and governance.
Hands-on experience of IRB and the Standardised approach
Detailed understanding of regulatory requirements for IRB – knowledge of models is not essential but is considered beneficial.
Deep technical experience and expertise in existing and future regulation in relation to credit risk and IRB
Understanding of model risk management and model governance in the context of IRB models
Understanding of the COREP and other PRA prudential regulatory reporting requirements and associated governance and controls frameworks (relating to credit risk), as applicable
An ability to understand, interpret and communicate complex regulation
Experience with governance and risk management frameworks and systems and controls supporting prudential regulatory requirements