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Credit Risk Pillar 1 Regulatory Capital Manager, London
Client: PwC
Location: London, United Kingdom
Job Category: Finance
EU work permit required: Yes
Job Reference: 2bf8c39b6f47
Job Views: 8
Posted: 28.04.2025
Expiry Date: 12.06.2025
Job Description:
The role:
* We are part of a large credit risk advisory and assurance team within our market-leading Financial Services - Banking Financial Risk team. Our growth is underpinned by a strong market demand for credit risk management and transformation, regulatory compliance, and model risk management services.
* The prudential regulatory credit risk requirements have, and continue to be, subject to significant reforms including Basel 3.1, the changes to the IRB requirements, and the model risk management requirements. These developments present challenges for firms both for ongoing compliance and strategic adaptation. Firms need technical and practical advice and support on regulatory compliance, impact analysis, and implementation, including technology solutions, to address these challenges while meeting business-as-usual regulatory expectations.
* We are looking for candidates with detailed regulatory technical knowledge and experience, including the associated technical rules and guidance, in Pillar 1 credit risk regulatory capital requirements under the Standardised and the IRB approaches. This includes knowledge of current and future Basel 3.1 requirements.
What your days will look like:
* As a Manager, you’ll work as part of a team with extensive consulting and industry experience, helping our clients solve complex business issues from strategy, implementation of regulatory change, technology enablement, transformation of regulatory processes, regulatory gap analysis, remediation, and responding to regulatory developments.
* Leading teams on both large and small engagements—working at client sites and liaising with clients regularly.
* Identifying the impact of prudential regulatory change and supporting clients to adapt to the new regulatory landscape.
* Supporting the development of new technology and transformation solutions to calculate, optimize, implement, and monitor credit risk regulatory requirements.
* Working on Pillar 1 credit risk projects, including requirements under current and Basel 3.1 standardised and IRB approaches, including implementation, technology solutions, remediation, regulatory gap assessments, annual IRB self-assessments, and regulatory reporting.
* Preparing regulatory analysis and reports.
* Supporting team members in marketing and sales activities.
* Building relationships and networking with clients and internally across PwC.
* Contributing to debates on regulation development and application, and participating in PwC’s Thought Leadership.
This role is for you if:
* You have strong written, numerical, and verbal communication skills.
* You have knowledge and experience in at least one of retail, commercial, wholesale, or investment banking sectors.
* You have problem-solving skills and can implement solutions tailored to client needs.
* You can understand, interpret, and communicate complex regulation.
* Your technical skills are specific to Pillar 1 credit risk requirements.
We need individuals with skills in a combination of the following:
* Strong understanding of the end-to-end credit lifecycle for retail and/or wholesale banks, including policies, procedures, controls, and governance.
* Understanding of regulatory requirements for IRB—knowledge of models is beneficial but not essential.
* Deep technical expertise in existing and future regulation (e.g., Basel 3.1) related to credit risk and IRB.
* Understanding of model risk management and governance in IRB models.
* Knowledge of COREP and other PRA prudential regulatory reporting requirements related to credit risk.
* Experience with governance, risk management frameworks, systems, and controls supporting prudential regulatory requirements.
* Experience with regulatory transformation, change, and implementation programs.
What you’ll receive from us:
Our benefits are designed to add value and support, recognizing and rewarding your contributions fairly. They include flexible working arrangements, private medical cover, access to a virtual GP, volunteering days, and more.
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