Stress Testing Change Manager
Stress Testing Change Manager - Global Custody Management
Leading Global Custodian is seeking a Stress Testing Change Manager to support a group wide initiative.
The opportunity will assist and form part of the Senior Management team responsible for driving and embedding the Stress Testing process across all group regions and will sit within the Stress Testing Operations within Group Risk Architecture.
This area will manage an end to end stress testing and ICAAP process for business and legal entities across key global markets including EMEA.
A key attribute underpinning the team will be consistency of approaches through using internal validation and controls processes, consistent templates, systems and methodology.
Stress Testing framework will span UK Banks, Small Firms and core business areas.
Role Description
The Function of the jobs are to:
*Design and manage individual stress tests that will be conducted by the team,
*Allow the whole team to have a wide over view of the business,
*Contribute towards the overall EU Stress Testing programme.
*Ad-hoc stress testing will be undertaken to allow stress testing and Pillar 2 Capital implications to be factored into decision making processes on a timely basis.
*Quarterly stress testing will be undertaken on a routine basis including pillar 2 quantitative models and bespoke qualitative and quantitative stress tests identified in the stress testing schedules.
*The core remit is to ensure appropriate coverage and frequency of stress testing is undertaken to satisfy the requirements of management, Boards and regulators.
*Coverage will include Pillar 2/ICAAP, business stress testing, recovery and resolution stress testing, reverse stress testing and orderly wind down.
*The Core responsibilities will include; Maintenance of stress testing schedules for each stress testing unit.
*Scenario workshop management which includes organising workshops, obtaining approval for participants, research and analysis in approval of scenario definition document submission at appropriate senior governing forums, preparation of prompt materials for workshops, leading workshops with subject matter experts in the business and preparation of detailed scenario documentation.
*All scenarios unless they have robust justification must show pre and post mitigated results, and an action list of any items requiring follow up from post mitigation management actions must be maintained.
Manage Operation risk AMA scenario process.
Processing financial stress testing through the Risk System.
Document production and management for all areas related to ICAAP and stress testing.
These will be prepared on a consistent basis across the region, allowing for regional regulatory variations as required.
Ad hoc and quarterly ST process documents.
Annual ICAAP documents production and collation of information from across the region for maintenance of ICAAP files.
Production of regular management information to a sufficient degree ensuring full ownership and understanding is achieved.
Other responsibilities include; Training staff across EMEA and manage the stress testing committee governance process.
The incumbent will also be responsible for managing relationships with local regulatory bodies, both in terms of written communications and also management of capital related supervisory reviews, therefore demonstrable experience of managing relationships with regulatory bodies is vital.
Key Requirements
The incumbent will be responsible for, and must have demonstrable experience and knowledge of the following disciplines:
Advanced Modeling Techniques for Credit, Market, Operational and Concentration Risk
Data quality management, data analysis and reconciliation processes
Forecasting economic and regulatory capital
Maintenance and use of automated stress testing tools
The incumbent will be responsible for managing the process for regulatory capital and stress testing for allocated key areas of the 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 must be highly self-motivated and able to manage high volumes of workloads and priorities effectively during peak times to the standards and within the boundaries of the Stress Testing Framework. The incumbent will also have the opportunity to participate to the ongoing development of the Framework.
The incumbent must be fully conversant with current regulations in relation to advanced measurement approaches for capital requirements 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.
Strong analytical ability, management skills, interpersonal skills and communication skills.
Risk management, statistics, the regulatory environment, credit and corporate policies, and reserve accounting.
Must have strong working knowledge and proven expertise of advanced quantitative modelling approaches for ICAAP/Pillar 2 in Europe.
This role will have man-management responsibility so must be able to manage a small team as well
Must be Degree level and / or relevant practical experience in one of the following: MIS, Statistics, and Information Quality.
Chartered accountant or Risk Management qualification. and must have 10 years relevant experience
Preferably, prior knowledge or experience of Cognos TM1, Credit Risk Data warehousing, Advanced modelling techniques (Credit, operational and Market risks), EU, FSA and NBB supervisory approaches
Please apply early to avoid disappointment -
www.badenochandclark.com - Let's find the career that connects with your life.Badenoch Clark is acting as an Employment Business in relation to this vacancy. Badenoch Clark is an Equal Opportunity Employer and a registered Disability Symbol User.
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