VP
A known leader in the banking industry and with a recently restructured Investment Banking arm now seek a VP level Regulatory Capital Expert to join the team who provide technical advice on the liquidity, capital requirements and intra-group exposure aspects of the regulatory prudential regime.
Regulatory Advisory provides advice at all levels within the firm including the senior executive, and faces off to the FSA on matters of prudential policy. This involves acting as representative on FSA and trade association standing groups. Whilst advice is primarily transaction related, a significant part of the Regulatory Capital Advisory role involves the development of regulatory prudential policies to support the firms interpretation of the rules. Whilst the team is not responsible for leading lobbying efforts, it is responsible for providing guidance and interpretation on the application of new rules, such as the CRD4 (Basel III).
The team is part of the Capital Management Balance Sheet Management Team within Treasury.
As the VP of Regulatory Capital Advisory you will be responsible for providing advice on all aspects of the current and CRD4 capital and large exposures framework. The role will require:
? Proactively support the Front Office on all aspects of prudential capital and large exposure requirements;
? Support broader capital efficiency initiatives (ensuring compliance with FSA requirements);
? Support Finance and Risk staff providing regulatory advice and training where necessary;
? Proactively support senior management and front office in analysing new business areas, products and deals in order to seek capital-efficient approaches;
? Support business areas through providing advice on FSA approach when they are in contact with the FSA (through FSA visits etc); and
? Where appropriate, liaise with FSA on prudential capital issues.
Key deliverables of the role:
? Serve as a subject matter expert on regulatory capital matters for the purpose of engaging with Group regulatory developments workstreams, including the Basel 3 Programme to develop and maintain the divisional ?house view? with respect to the capital regulation and to provide support to Group lobbying efforts;
? Provision of appropriate independent and commercial advice to the business ensuring compliance with all relevant prudential regulatory requirement (individual areas and senior exec);
? Be a technical expert on aspects relevant to responsibilities;
? Drive initiatives that support the business in achieving its objectives (both regulatory and commercial);
? Central policy setting and advisory role for prudential regulatory matters;
? Manage key stakeholder relationships with Group areas; and
? Maintain a positive relationship with FSA, ensuring the firm operates in accordance with the regulatory framework and meets all of its deadlines.
To be the successful VP Regulatory Capital Advisory you will offer previous involvement in:
? Sound knowledge of FSA rules and principles relating to the regulatory capital and large exposures regime;
? Knowledge of Investment Banking products and an ability to apply practically the FSA prudential rules and principles to such products;
? Understanding of the FSA approach to the supervision of firms in relation to regulatory prudential requirements;
? Understanding of the broader regulatory environment and its impact on firms; and
? Commercial acumen, including an understanding of key business drivers and their impact on regulatory requirements
Supplementary Experience:
? Technical knowledge of other aspects of the prudential regulatory regime, including the rules on capital requirements and large exposures;
? Experience of Non-UK prudential regulatory regimes; and
? An accounting or legal background is useful but not essential
If you are interested in this opportunity, or wish to discuss your career options within the world of regulation, please get in contact with Scott Nye at Goodman Masson.Goodman Masson is acting as an Employment Agency in relation to this vacancy.
Goodman Masson is an equal opportunities employer.
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