PwC

Prudential Risk and Regulatory Consultant, Part time 4 days per week

Recruiter
PwC
Location
London (Greater)
Salary
Competitive
Posted
13 Mar 2021
Closes
12 Apr 2021
Contract Type
Permanent

This role is open specifically for people who are looking to work flexibly.

We know everyone’s lives are different and that traditional working patterns may not be quite right for you. Whether you’ve taken a career break, had time out to support family or are looking to balance your career with another passion of yours, we can offer you a flexible contract.

 

  • 4 day week

Upon joining the firm you will have access to various training to give you the opportunity to upskill yourself on our various systems. You’ll also benefit from a programme specifically designed to support flexible workers integrate into the firm and introduce you to other people across our networks.

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 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:

  • Educated to degree level or equivalent
  • Good written, numerical and verbal communication skills.
  • Knowledge and experience of at least one of retail, commercial, wholesale and/or investment banking sectors.
  • At least four to seven years’ 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.

Risk Assurance

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.

The skills we look for in future employees

All our people need to demonstrate the skills and behaviours that support us in delivering our business strategy. This is important to the work we do for our business, and our clients. These skills and behaviours make up our global leadership framework, ‘The PwC Professional’ and are made up of five core attributes; whole leadership, technical capabilities, business acumen, global acumen and relationships.

Diversity

Valuing Difference. Driving Inclusion.

We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool because creating value through diversity is what makes us strong as a business, enabling us to solve important problems and deliver value to our clients. We encourage an inclusive culture where people can be themselves, are valued for their strengths and are empowered to be the best they can be. As an organisation with an increasingly agile workforce, we also support different ways of working offering flexible working arrangements.

For further information and to submit your application please click 'Apply'.

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