Stress Testing Manager- ICAAP
Overview:
Design and manage individual stress tests that will be conducted by the team, this will allow the whole team to have a wide over view of the business, and contribute towards the overall EMEA stress testing programme.
There are 3 roles that the SSTM will cover 1. Banks UK 2. Small Firms 3.Business Area
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 in EMEA, and the consolidation of these as appropriate in each area and to and EMEA level. This includes all administration involved in the design and approval of schedules, reporting and change management.
Also; 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 TM1 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.
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