Pillar 2 Capital Liquidity Manager

About the role

PwC’s Prudential Risk and Regulation team supports clients across a full range of prudential regulatory topics including Pillar 1 and 2 capital and liquidity requirements, recovery and resolution planning and regulatory reporting. Our clients are predominantly banks and broker dealers, ranging in size and complexity from small start-ups to large, complex international groups.

For Pillar 2 we support our clients in meeting Internal Capital Adequacy Assessment Process (ICAAP) and Internal Liquidity Adequacy Assessment Process (ILAAP) regulatory requirements through hands-on delivery support, review and challenge and training of Boards and management teams. We engage directly with and influence some of the most senior individuals at firms, reflecting the importance of the Pillar 2 regime in how firms manage their capital and liquidity adequacy. We provide independent review and challenge of firms’ risk identification, risk assessment, stress testing approaches, and capital and liquidity quantifications and conclusions. We also support management in their preparations for interactions with the UK regulators (Supervisory Review and Evaluation Process (SREP), and Senior Management Function interviews etc.) by providing coaching and mock interviews.

Our team also supports a wide range of financial services firms with their recovery and resolution planning (RRP) work. We support our clients to develop financial, operational and strategic capabilities to comply with emerging and recent RRP policy developments, including the Resolvability Assessment Framework (RAF) and Trading Activity Wind-Down (TWD). We also provide advice on all aspects of RRP documentation, including Recovery Plans, Solvent Wind-Down Plans and resolution reporting templates. Our team also supports clients in testing their RRP arrangements through tabletop fire-drill exercises and simulations for Board and C-suite executives.  

The ICAAP and ILAAP are also key documents to be prepared and submitted by firms seeking authorisation for a banking licence. Our team supports these clients through an often long and complex authorisation process during which they must demonstrate to the UK regulators that they have a legally, operationally and financially viable business model. We help applicants to navigate this process, in particular by providing support and advice on strategy, financial and regulatory modelling, regulatory documentation (ICAAP, ILAAP, Regulatory Business Plan and the Recovery Plan) and regulatory relationship management.  These require expertise from across PwC and we work closely with other PwC teams who support applicants with their governance, IT strategy and operational resilience.

Responsibilities

As a Manager, you’ll work as part of a team of problem solvers with extensive regulatory, advisory and industry experience, helping our clients solve their complex business issues from strategy to execution. Specific responsibilities include but are not limited to:

• Working as part of a team on a variety of large and small engagements

• Liaising directly with clients, including at board and senior management levels, and leading a number of these relationships

• Reviewing, challenging and providing peer and regulatory insights in relation to client-prepared documents, in particular ICAAP, ILAAP and RRP

• Supporting clients with delivery of strategic change programs in response to the RRP regulatory agenda, particularly RAF and TWD

• Drafting materials to support clients through the authorisation process including for example components of the Regulatory Business Plan, ICAAP, ILAAP, Recovery Plan and related policies and procedures

• Balancing multiple concurrent client projects and responding positively to uncertainty and change

• Relationship building and networking with clients and internally across PwC

• Leading and coaching more junior colleagues on both technical and relational components of the role

• Working with the Partners and Directors to help grow the Pillar 2 proposition

Requirements

The essential skills we are looking for are:

• At least one of the following (Candidates with less experience will be considered at the Senior Associate level):

• Strong industry or regulatory experience of ICAAP/ILAAP development, RRP delivery (particularly RAF/TWD) and/or the C-SREP/L-SREP process; or

• Experience of supervision (from industry regulatory affairs, as an advisor or a regulator)

• Good written and verbal communication skills

• Good numerical skills

• Good relationship management skills and experience in managing projects and/or people

• Experience of problem solving

• Strong experience in financial services prudential requirements. 

• An applied understanding of prudential regulatory requirements and expectations applicable to banks and/or broker dealers

Experience of working with Tableau, PowerBI, Alteryx or other analysis tools would also be advantageous but is not essential.

Risk
Risk is all around us and in our complex world, is changing all the time. Our teams bring people from diverse backgrounds together, using their skills and cutting-edge technology, to help solve complex problems. We are pioneers in a world of changing risk and our market leading services build resilient organisations. Join us and together, we can support our clients to rethink risk.

Not the role for you?
Did you know PwC offers flexible career arrangements and contract work? Learn more.

The skills we look for
The PwC Professional is our global framework for defining and encouraging leadership at all levels. Learn more.

The Deal
‘The Deal’, our firmwide Employee Value Proposition’ empowers our people to be the best they can be. Learn more.

Our commitment to you
We’re committed to building a culture that empowers all of our people to thrive and feel a sense of belonging at PwC. Learn more.

Application support
If you’re a person with a disability, if you’re neurodivergent, or if you have a condition that you believe may affect your performance during our selection process, we’ll be happy to make reasonable adjustments to our processes for you. Learn more.