Prudential Risk and Regulation - Manager
- Central London
- Permanent
- Full-time
- Reviewing and refining clients' ICAAP, ILAAPs, ICARA's, wind down and recovery plans.
- Responding to clients' queries on the interpretation and implementation of prudential rules.
- Reviewing COREP, FINREP, PRA 110 and other regulatory returns.
- Performing skilled persons reviews in line with the PRA's expectations.
- Reviewing the effectiveness of regulatory change projects.
- Providing assurance on clients' processing of regulatory data.
- Reviewing firms' prudential risk management capabilities - including reviews of relevant policies and procedures; and, how such risks are identified, measured, monitored, measured, and reported.
- Providing internal audit subject matter expertise.
- Lead multiple client engagement teams, working with a wide variety of FS clients to deliver high quality professional services.
- Support with business development activities for allocated key accounts or a category of FS clients / prospects.
- Work as part of small and large sized multi-disciplinary engagement teams to deliver the types of engagements listed above.
- Gather and analyse information, perform gap analysis, identify areas of improvements and offer value-adding recommendations.
- Lead workshops to resolve client issues, design robust processes / controls and develop an implementation plan.
- Work with stakeholders within clients' organisational structure to implement improvements.
- Manage the execution of client engagements by monitoring and reporting on delivery status, identifying and managing any issues and risks that could impact delivery, and providing guidance and quality review of others.
- Produce materials to help clients understand the impact of regulatory developments and changing risk practices on their business model, control framework, reporting obligations as well as capital and liquidity requirements.
- Support the development of client relationships and networks, and assist in identifying and converting engagement opportunities.
- Develop proposals and pitches to clients.
- Assisting in developing and delivering internal and external training materials.
- Mentoring, coaching and developing junior team members.
- You will have gained significant experience in Prudential regulatory matters and risk management practices, either in industry, another consultancy, and/or the Prudential Regulation Authority (PRA) or the Financial Conduct Authority (FCA).
- Knowledge of, and experience in navigating and interpreting the provisions of the PRA rulebook or FCA Handbook and supervisory statements. This should include one or more of the following:
- The UK prudential regulatory framework, covering existing and forthcoming regulations, specifically, knowledge of the PRA Rulebook, Supervisory Statements, the FCA Handbook and Basel 3.1.
- Preparation or review of Internal Capital Adequacy Assessment Process (ICAAP), in particular Pillar 1 capital requirements, Pillar 2 risks, robustness of stress test scenarios; Internal Liquidity Adequacy Assessment Process (ILAAP), Internal Capital Adequacy and Risk Assessment (ICARA), Regulatory Reporting (COREP, FINREP, PRA) and Recovery Plan (RP).
- Preparation or review of Internal Capital Adequacy and Risk Assessment (ICARA) process and reporting under the Investment Firms Prudential Regime (IFPR).
- Good understanding of the PRA's supervisory model - including internal and external risk factors, and risk mitigants.
- Experience of reviewing regulatory returns, s166 reports, and firms' business models.
- Knowledge of, and experience in, risk management frameworks, processes, controls and practices in banking and/or investment firms. This may include responsibility for implementing risk management practices or overseeing risks in a Risk Function role.