Credit Risk Pillar 1 Regulatory Capital Manager
Employer Location London, United Kingdom Salary Competitive Closing date 31 May 2025 View more categoriesView less categories Sector Salary band Contract type Hours Where will they be working You need to or to save a job.
Job Details
About the role:
1. 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.
2. The prudential regulatory credit risk requirements have, and continue to be, subject to significant reforms including Basel, the changes to the IRB requirements and the model risk management requirements. These developments have, and continue to, present challenges for firms both for ongoing compliance, and from a more strategic perspective. Firms need technical and practical advice and support on regulatory compliance, impact analysis and implementation including technology solutions, in addressing these challenges whilst meeting business-as-usual regulatory expectations.
3. We are looking for candidates who have 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 technical knowledge of both the current requirements and future Basel 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 their complex business issues from strategy, implementation of regulatory change, technology enablement and transformation of regulatory processes,, regulatory gap analysis, remediation of compliance gaps, and responding to regulatory developments.
4. Being a member of, and leading teams on both large, complex and small engagements - working as part of a project team (where required at client sites) and day-to-day liaison with clients
5. Identifying the impact of prudential regulatory change and supporting clients to adapt to the challenges a new regulatory landscape presents
6. Supporting on the development of new technology and transformation solutions to calculate, optimise, implement and monitor the credit risk regulatory requirements
7. Working on Pillar 1 credit risk projects including requirements under the current and Basel standardised and IRB approaches including implementation, technology solutions, remediation, regulatory gap assessments, annual IRB self-assessments and regulatory reporting
8. Preparing regulatory analysis and reports
9. Supporting team members through the development of marketing and sales activities
10. Relationship building and networking with clients and internally across PwC
11. Providing input to the debate on development and application of regulation and participating in PwC's Thought Leadership
This role is for you if:
12. Strong written, numerical and verbal communication skills
13. Knowledge and experience of at least one of retail, commercial, wholesale and/or investment banking sectors
14. Experience of problem solving and being able to implement and deliver solutions tailored to a client's needs
15. Able to understand, interpret and communicate complex regulation
16. The technical skills we are looking for are specific to Pillar 1 credit risk requirements
We need individuals with skills in a combination of the following:
17. Strong understanding of the end-to-end credit life cycle for retail and/or wholesale banks, associated policies, procedures, controls and governance
18. Strong understanding of regulatory requirements for IRB - knowledge of models is not essential but is considered beneficial
19. Deep technical experience and expertise in existing and future regulation ( Basel in relation to credit risk and IRB
20. Understanding of model risk management and model governance in the context of IRB models
21. Understanding of the COREP and other PRA prudential regulatory reporting requirements and associated governance and controls frameworks (relating to credit risk), as applicable
22. Experience with governance and risk management frameworks and systems and controls supporting prudential regulatory requirements
23. Experience with regulatory transformation and/ore regulatory change and implementation programmes
What you'll receive from us:
No matter where you may be in your career or personal life, our benefits are designed to add value and support, recognising and rewarding you fairly for your contributions.
We offer a range of benefits including empowered flexibility and a working week split between office, home and client site; private medical cover and 24/7 access to a qualified virtual GP; six volunteering days a year and much more.
Company
In order to be the leading professional services firm it's important we have the right values, culture and behaviours embedded throughout our organisation, so our work reflects our purpose and we can successfully deliver our strategy.
Our set the expectations for the way we interact with each other, our clients, and in the communities in which we operate. These values, and the behaviours that they require from us, are relevant to all our people regardless of grade.
They support a culture that empowers our people to be the best they can be, through challenging experiences and encouraging our people to speak up to make the firm a better place. We want all our people to understand and embrace the culture and personally feel part of the legacy this will create for our future employees.
We’re a hugely diverse business, bound together by our purpose - to build trust in society and solve important problems for our clients and the communities in which we operate. We believe we can make the biggest impact when our purpose is embedded within everything we do.
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