Framework Manager, EMEA Risk Architecture Job
Framework Manager, EMEA Risk Architecture (Job Number: 1312072)
Description
Team Description
The EMEA Data Processing and Control Unit sit within the new EMEA Risk Architecture (ERA) function which is based across London, Manchester Brussels. This team is responsible for the collation, control, validation and reconciliation of all data required in the ERA function in EMEA. The team is also responsible for maintenance and consistency of underlying processes, systems, documentation and policy. The team will interface with the global teams on an on-going basis to ensure where possible consistency in data quality practices is achieved.
EDPCU will play a key role in ensuring the adequacy and control of information, as well as ensuring consistency across the rest of the function which in turn ensured consistency in the EMEA region for stress testing, ICAAP and information. Importantly, all audit files, change control and development of systems will be managed from this team. The team will also run advanced capital analysis on a quarterly basis, such as automated running of economic downturns, quantitative models and sensitivity analysis for the ERA.
The team will be responsible for sourcing underlying quantitative data, as well as monitoring qualitative data quality and regional consolidation of information, such as the stress testing schedules. The team will also be responsible for change management around standard templates and reports
This role reports into the Snr Processing Manager, Risk Architecture, based in Manchester
Role Description
An important aspect of the role is regional consolidation of information, such as Stress testing schedule, committee schedules and will also have the responsibility of change management around standard templates and MI reports.
The role holder would also be responsible for communication and explanation of the overall framework, Stress testing and Capital allocation concepts to a variety of stakeholders and ensuring the adequacy and control of information within EMEA Stress testing framework.
Key skills and responsibilities are as follows: Maintenance of regulatory deliverables through development and monitoring of procedures, checklists and process flows for the ERA organization. Includes managing change request and new developments process. Develop and maintain internal processes against policies and also guidelines available from regulators. Project management of any gaps identified against regulatory guidelines. Perform gap assessments against guidelines of circa 46 Stress Testing Units. Develop and maintain Service level agreements for all areas of the function both internal and external to the team to include data quality, quantification delivery and systems. Preparation of monitoring reports and escalation of any issues. Template control for all internally established information such as stress testing and ICAAP documents, MI and analytics which entails managing the consolidation, request and approval process for the stress testing Scenarios and Model schedules.
The role involves the review of information, but also the design and change control for all templates which may be either system generated or manually maintained. The role holder would be working closely with the Senior Stress Testing Manager and be responsible for managing the adequacy of the underlying stress testing framework for the EMEA region and must have the seniority and communication skill to be able to explain and obtain buy-in for these approaches from executive management, committees and Board members.
The incumbent will be responsible for managing the underlying Stress Testing framework on a day to day basis which provides the infrastructure to allow for smooth execution of the following:
- ST processes as per the agreed quarterly ST calendar,
- Managing Committee schedules and the MI reports,
- Ensuring compliance to processes and policies as documented within the Stress Testing framework
- Managing communication with the wider network of stakeholders within and outside the ERA Team.
The incumbent will be responsible for maintenance of the EMEA stress testing schedules ensuring any updates are included in the consolidated EMEA schedule as well as be reflected in the individual schedules. Stress tests will be produced both on a routine quarterly and ad-hoc basis and the incumbent is responsible to manage the completeness of this documentation which is a key input to regulatory files. Therefore it is required that he/she is a competent data analyst, as well as has the ability to produce high quality qualitative documents.
Qualifications
Key Requirements
The role holder must be highly self motivated and able manage high volumes of workloads and priorities effectively during peak times to the standards and within the boundaries of the EMEA Stress Testing Framework. The role holder will also have the opportunity to participate to the ongoing development of the Framework.
The incumbent must have experience in managing stakeholder relationships across a range of levels. At times, the incumbent will be required to deputize for the Senior Stress Testing Manager as required, reporting into senior level committees and Boards in the areas they are responsible for.
He or she must be adept at organizing workshops and committee meetings, as well as scheduling requirements into existing committees to ensure demonstration of the use of stress testing for the areas they are responsible for as well as maintenance and preparation of audit files for the whole process.
The incumbent will also be responsible for preparing reports to regulatory bodies, and also participation in capital related supervisory reviews, and preparation of materials as requested by regulators, therefore demonstrable experience and awareness of supervisory review processes is vital.
The role holder must be fully conversant with current regulations in relation to advanced measurement approaches for capital assessment and also stress testing across the EU. It would be advantageous to also have a good working knowledge of Pillar 1, liquidity and recovery and resolution requirements. The incumbent, as part of the wider team will be required to undertake analysis of regulations and build remediation plans for recommendations and implementation in-region and it is vital the role holder is able to understand and comply with these as well as input to and work within internal guidelines.
Must have very strong communication skills in particular the ability to explain complex Economic capital concepts to a non-expert audience in easy to-understand language. Must also be able to deal with multiple stakeholder relationships effectively. The role holder will regularly interact with peers, junior staff, senior managers and executives and Board members across the region.
The role holder must also be a proven team player, and be willing to be flexible enough to support the rest of the team when deliverables must be met, as well as being able to support and be aware of wider team deliverables.
Very strong analytical skills, strong project-working skills, (i.e. ability to manage tasks to a schedule), willingness to work long hours when required and ability to work within a team. Must have a good understanding of best practices in Risk Management architecture and framework for Banks and Financial Institutions in Europe. Knowledge of Microsoft Office packages, in particular very strong Excel, documentation and presentation skills are essential.
Direct experience in building Risk and Data Architecture as well as Stress Testing Risk Framework at G-SIFIs or at a Big Four consultancy.
Degree level and / or relevant practical experience in one of the following: Masters in Financial Risk Management, Information Quality, MI or MBA in finance. Professional Financial or Risk Qualification with 5-7 years direct experience.
Primary Location: Manchester, Manchester, GB
Internal Jobcode: 30263
Job: Audit/Compliance/Risk
Organization: Risk-HR06016
Leave a Reply
You must be logged in to post a comment.