Credit Risk Pillar 1 Regulatory Capital Senior Associate

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 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.

Responsibilities

As a Senior Associate, 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. Your role will involve:

• Working on projects relating to various components of Pillar 1 credit including requirements under the standardised approach, IRB implementation and remediation, regulatory gap assessments, annual IRB self-assessments and 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

• Developing your broader leadership and business acumen skills 

Essential skills

The essential skills we are looking for are:

• Good written and verbal communication skills.

• Good numerical skills

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

• Good relationship management skills 

• 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 credit risk requirements. We need individuals with skills in one or a combination of the following:

• The end-to-end credit life cycle for retail and/or wholesale banks, associated policies, procedures, controls and governance

• Regulatory requirements for IRB – knowledge of models is not essential but is considered beneficial

• 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

• An ability to understand, interpret and communicate complex regulation

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

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.

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Application support
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