Head of Department, Risk Architecture – Risk Specialists Division, FSA recruitment
Within the PBU, the Risk Specialists Division (RSD) provides analytical expertise across all risk disciplines to inform the regulation of financial services firms.
Our technical capacity covers the full spectrum of credit and market risks, structured finance, asset and liability management, operational and insurance risks, as well as capital management, governance, integration risk management and IT and data security.
The Risk Architecture Department forms part of RSD and primarily delivers analytics and stress-testing to the wider division, firm supervisors and other FSA stakeholders. Reporting to the Division’s Director, you’ll be responsible for providing robust leadership and strategic direction to the Quantitative Modelling Team (QMT), a team of highly qualified and experienced financial engineers. Importantly, you’ll also oversee our Analytics and Risk Technology Project (ART) which will define, develop and implement the technical solution for bank capital stress testing.
As a member of the FSA Senior Leadership team, you’ll also have the exceptional opportunity to help deliver the changes required by our ongoing Regulatory Reform Programme, while ensuring that the Division continues to work effectively.
This will require you to have excellent leadership and stakeholder management skills, as well as a knowledge of project management. Importantly, you will need to develop a strong understanding of PRA supervisory objectives and processes, to ensure that the analytic tools developed and implemented by the Risk Architecture Department are well designed to support them, and provide key supervisory insights to its users.
In addition you will play a key role in facilitating the change in business process that the industrialisation of stress testing capabilities will allow.
Likely to be PhD-educated (in a finance or maths discipline), you’ll have an impressive background in financial analytics including derivatives. It is essential that you have a deep understanding of risk data across trading and banking products and counterparties, and a very strong experience in risk measurement across retail credit, wholesale credit, market and counterparty risks. It is desirable that you have solid software programming skills and applied experience in financial engineering (including C++ and Java).
It would also be valuable to have a solid understanding of IT applications including database management, data warehousing, IT Infrastructure etc.
To find out more and apply please click on the “Apply Online” button
Closing date 6th May 2012.