Risk Manager, ICAAP and Risk Policy recruitment
DEPARTMENT OVERVIEW
The Risk Capital team (London) has regional responsibility for meeting European regulatory requirements with respect to risk based capital management, ICAAP (Internal Capital Adequacy Assessment Process), Stress Scenario Testing and Recovery and Resolution Planning for RBC’s European platform. This includes:
• Oversight, project management, co-ordination and delivery of the ICAAPs for RBC’s European banking group including interaction with internal and external stakeholders regarding all elements of the ICAAPs.
• Development and deployment of robust capital adequacy stress testing and reverse stress testing frameworks and analyses.
• Assisting in the development and implementation of policies and processes to meet emerging regulatory requirement on capital and risk management.
• Providing value-added reporting and management information to senior executive committees to facilitate monitoring of risk and capital levels and to support active decision making in this regard.
• Monitoring and advising on Economic capital deployment across risk types and business lines; Quantification and aggregation of Economic capital profile accompanied with analysis pertaining to risk profile changes; and updates and enhancements to local Economic capital approaches as required.
• Co-ordinating and delivering Resolution and Recovery Planning (RRP) analysis and report for the European banking group.
• On-going review and analysis of best options for RBC Europe to adhere to new regulatory standards around regulatory capital, capital management and liqudiity management.
Monitoring regulatory pronouncements from regulatory bodies such as BCBS, CEBS and FSA to ensure that RBC is well-placed to respond to changing regulatory requirements.
PRIMARY RESPONSIBILITIES
The role holder will be reponsible for managing the end to end process relating to the delivery of RBC Europe Limited (RBCEL) ICAAP and developing and maintaining risk capital related policies. This will involve:
• Project managing, co-ordinatiing and delivering the RBCEL ICAAP and associated supporting documents.
• Making continual and proactive improvements to ICAAP analyses and disclosures to ensure that these remain fit for purpose and aligned with changing regulatory requirements and expectations.
• Co-ordination and delivery of additional disclosures and information required for FSA SREP visits.
• Drafting and maintaining RBCEL risk policies relating to risk governance, risk appetite and capital management.
Being the point of contact for any queries relating to RBCEL ICAAP and risk capital policies.
PRIMARY RESPONSIBILITIES
The role holder will be reponsible for managing the end to end process relating to the delivery of RBC Europe Limited (RBCEL) ICAAP and developing and maintaining risk capital related policies. This will involve:
• Project managing, co-ordinatiing and delivering the RBCEL ICAAP and associated supporting documents.
• Making continual and proactive improvements to ICAAP analyses and disclosures to ensure that these remain fit for purpose and aligned with changing regulatory requirements and expectations.
• Co-ordination and delivery of additional disclosures and information required for FSA SREP visits.
• Drafting and maintaining RBCEL risk policies relating to risk governance, risk appetite and capital management.
Being the point of contact for any queries relating to RBCEL ICAAP and risk capital policies
COMPETENCIES
Behavioural
• Highly self-motivated, self-starter
• Proactive, delivery-oriented attitude
• Well organised with excellent time management skills and ability to prioritise
• Team player with strong communication, influencing and interpersonal skills
• Good attention to detail
Technical
• Numerate
• Ability to produce clear, concise and well-written documents and excellent verbal presentation skillls.