Credit Risk Pillar 1 Regulatory Capital Manager

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 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.

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 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 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.

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

Identifying the impact of prudential regulatory change and supporting clients to adapt to the challenges a new regulatory landscape presents

Supporting on the development of new technology and transformation solutions to calculate, optimise, implement and monitor the credit risk regulatory requirements

Working on Pillar 1 credit risk projects including requirements under the 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 through the development of marketing and sales activities

Relationship building and networking with clients and internally across PwC

Providing input to the debate on development and application of regulation and participating in PwC’s Thought Leadership

This role is for you if :

Strong written, numerical and verbal communication skills

Knowledge and experience of at least one of retail, commercial, wholesale and / or investment banking sectors

Experience of problem solving and being able to implement and deliver solutions tailored to a client’s needs

Able to understand, interpret and communicate complex regulation

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 :

Strong understanding of the end-to-end credit life cycle for retail and / or wholesale banks, associated policies, procedures, controls and governance

Strong understanding of regulatory requirements for IRB – knowledge of models is not essential but is considered beneficial

Deep technical experience and expertise in existing and future regulation (i.e. Basel 3.1) in relation to credit risk and IRB

Understanding of model risk management and model governance in the context of IRB models

Understanding of the COREP and other PRA prudential regulatory reporting requirements and associated governance and controls frameworks (relating to credit risk), as applicable

Experience with governance and risk management frameworks and systems and controls supporting prudential regulatory requirements

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 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.