Subject Matter Expert (SME) – Counterparty Credit Risk, Basel III recruitment
Overview:
A key responsibility of the Counterparty Capital Management (CCM) team is to forge strong partnerships with multiple functions and business areas across the Group (primarily focused on the IB) to successfully assess, analyse and manage the delivery of regulatory driven change related to Counterparty Credit Risk (CCR).
The roles require two subject matter experts and two business analysts to interpret regulatory changes impacting on Counterparty Credit Risk (CCR) exposure to OTC derivatives, repo and exchange traded derivatives transactions and translate them into requirements. Topics currently under immense scrutiny include the processes around Expected Positive Exposure and Credit Value Adjustments, collateral management, wrong way risk mitigation and stress testing.
The roles also encompass an understanding of the counterparty credit capital composition that is required to support the international entities and an assessment in relation to their risks by supporting the impact studies requested by senior management and/or regulators.
The successful candidates will join a global team within Risk Control Operations (reporting to the Head of Exposure Management RWA) and will gain significant exposure to all aspects of the Credit and Market Risk environment while being a key part of one of the bank’s strategic projects.
The SMEs for the CCM will be expected to:
- Understand the Basel / UK BIPRU rules relating to counterparty credit risk
- Provide input as SME into counterparty capital initiatives throughout the project life cycle
- Be the requirements Subject Matter Expert, managing and resolving questions arising from the development team, test team, clients and management.
- Deliver of high quality to analysis with recommendations to senior management
- Partner closely with the multiple areas within Group Risk and Front Office to drive out, document and assist in implementing the business requirements relating to the regulatory rules
- Structuring their governance, organisational architecture and target operating models
- Supporting the design of end-to-end risk management and control frameworks that are compliant with regulatory requirements, strategies, appetite, methodologies and policies
Experience:
- CCR and collateral management processes, designing and implementation of risks frameworks regarding improved measurement and control of CCR, CVA programs, management of wrong way risk, eligible collateral valuation, etc.
- IMM implementation at a global bank
- Basel III (or CRD IV) regulatory reforms impacting credit risk in financial institutions
Desirable Requirements:
- CFA (Chartered Financial Analyst). Candidate or full member