Risk Regulation & Analysis
The Risk Regulation Analysis team aims to ensure: we inform Division of all material Prudential regulatory events; we maintain an effective, collaborative relationship with the regulator; and we enable improved portfolio capital efficiency.
Reporting to a Senior Manager the candidate will be a key member of a team of highly motivated colleagues in the delivery of a wide range of complex roles. You will have the opportunity to be involved in the following key areas :
RWA review and oversight
You will be actively involved in the management of the RWA review, oversight and planning processes within the Division. Liaising closely with Business Units and Divisional Finance, Risk, Regulation, and Modelling teams you will have the opportunity to influence and shape the Divisional understanding, strategy, systems and controls in the management of RWA and capital including :
- Review of the outputs of Divisional planning processes, challenging the assumptions used and the figures produced,
- Provision of advice to Business Units on RWA calculations at both a transactional and portfolio level,
- Ensuring the Business Units undertake suitable reviews of data quality and establish adequate action plans to address any issues,
- Ensuring that proper processes and policies exist around RWA calculation in the Division,
- Managing the submission, and where appropriate, preparing reports to Senior Management on recommendations for improvements to the control and management of capital,
Regulatory Policy and interpretation
Support the Senior Manager and become a point of reference for individual transaction and portfolio advice related to capital consumption. As part of this you will :
- Develop and propose interpretations on risk regulation issues, particularly including FSA, EU and Basel consultations.
- Manage the Regulatory Interpretation Notification process and respond effectively to prudential credit risk compliance issues.
- Review new product/transaction proposals as appropriate to ensure prudential credit risk compliance.
- Co-ordinate the responses to FSA information requests in a timely manner
Capital Optimisation
You will support the management and oversight of Optimisation initiatives including:
- Identification and quantification of opportunities to reduce capital,
- Liaising with Business Units to manage and deliver capital savings,
Skills/experience:
Ideally the successful candidate will already possess knowledge of the process, control, and reporting of RWA and capital within their former heritage, and have some understanding of Divisional and Group policies which we operate within, although this is not essential.
The candidate will also have a broad understanding of the Prudential sourcebook for Banks, Building Societies and Investment Firms (BIPRU). An understanding of the regulatory approach to Credit Risk Management would also be an advantage as would Change Management skills.
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