Regulatory Capital & Liquidity Pillar 1 Specialist

About the role

The prudential regulatory regime continues to evolve with developments such as CRDV and ‘Basel IV’ in addition to the challenges for firms arising from the significant increase in supervisory scrutiny over prudential regulatory reporting (including potential external RWA assurance expectations and Skilled Persons Reports over capital and liquidity). These present challenges for firms both for ongoing compliance and also from a more strategic perspective. Firms need technical and practical advice on how to adapt to these challenges and assess the impact of the wider prudential reform agenda whilst meeting ‘business as usual’ regulatory expectations. In addition, firms and regulators need external parties with the right experience and expertise to provide independent assurance over the capital and liquidity ratios and associated reporting. 

We are looking for candidates who have detailed regulatory technical knowledge and experience, including the associated technical rules and guidance, in one of the following:

• Pillar 1 credit, counterparty credit and / or market risk regulatory capital requirements (standardised and/or model approaches) (including leverage and large exposures). This may also include the associated regulatory reporting (e.g. PRA and COREP returns); or

• Pillar 1 liquidity including LCR, PRA110 and NSFR. This may also include the associated regulatory reporting (e.g. PRA and COREP returns)

Responsibilities

As a Manager, you’ll work as part of a team of with extensive consulting and industry experience, helping our clients solve their complex business issues from strategy, assurance over regulatory reporting, remediation and responding to regulatory developments. Specific responsibilities include but are not limited to:

• Being a member of and leading teams on large and small engagements - working as part of a project team on 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

• Working on projects relating to various components of Pillar 1 credit, counterparty credit and market risk and/or liquidity requirements including regulatory reporting and associated governance and controls, risk management frameworks, policies and procedures, risk measurement, monitoring and reporting

• Preparing regulatory analysis and reports

• Supporting senior 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

Essential skills

The essential skills we are looking for are:

• Strong written and verbal communication skills.

• Good numerical skills

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

• Significant experience in financial services prudential requirements. Candidates with lesser experience will be considered at the Senior Associate level.

• Strong relationship management skills as well as experience in project management and/or managing small teams/individuals.

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

The technical skills we are looking for are specific to Pillar 1 capital and liquidity requirements. We need individuals with skills in a combination of the following:

• Detailed understanding of the COREP and other PRA prudential regulatory reporting requirements and associated governance and controls frameworks (relating to capital and/or liquidity)

• Detailed understanding of the overall credit and/or counterparty credit risk management lifecycle and associated credit/counterparty credit risk and the policies, procedures and strategies employed to manage this risk.

• Detailed understanding of trading books and market risk requirements and the policies, procedures and strategies to manage this risk.

• Detailed understanding of liquidity requirements and the policies, procedures and strategies to manage this risk.

• Deep technical experience and expertise in existing and future regulation in relation to credit, counterparty credit and/or market risk

• Hands-on experience of IRB, SA-CCR, IMM and VaR

• An ability to understand, interpret and communicate complex regulation.

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

​Experience of working with Tableau, PowerBI, Alteryx or other analysis tools would also be advantageous.

Risk
We’re a leading provider of trust in the digital world - in the eyes of our people, our clients and our stakeholders. Today's business environment is different. More complex. More connected. Companies not only face new and unknown risks, but also new and untapped opportunities. Our team is at the forefront of this change, join us to be a part of transforming how risk is perceived and capitalised on.

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