Description
Division & Department Profile
The EMEA Risk Management Division is responsible for the independent identification, analysis, reporting and escalation of all market, credit and operational risk exposures arising from UK Group business activities, acting independently of business management and providing an effective challenge process.
As part of the Risk Division, the Portfolio Management, Stress & Capital Department is responsible for computing, assessing, stressing and managing the portfolio of risk and related capital, as well as leading the Division's contribution to enterprise-wide programs depending on risk or risk capital.
Position Description
The Department is seeking a Risk Professional to join its Capital team. This team is responsible for market risk and CVA regulatory capital, risk oversight for PRA-regulated legal entities and regulatory disclosures, providing expertise in financial regulatory matters and compliance with the regulatory framework.
Primary job responsibilities:
Implement new regulatory capital rules for the PRA regulated legal entities in Europe such as Fundamental Review of Trading Book, new Regulatory Technical Standards.
Shape and represent market risk in major Regulatory Project such as Solvent Wind Down.
Deliver ongoing capital assessment projects such as Pillar 2A risk charge, working with desk level risk managers and portfolio risk managers on identifying and quantifying material risks not adequately captured within the Pillar 1 capital framework.
Investigating large variance in risk and respond to production issues.
Qualifications and Skills Required:
Strong academic background, including an advanced degree or equivalent in a quantitative discipline.
Excellent quantitative and investigative skills are critical to understanding VaR and regulatory capital processes and conducting analysis to draw conclusions
Project management expertise
Prior experience in dealing with Regulatory Capital.
In-depth knowledge of financial products is important, including IR and EQ related products and an understanding of risk management concepts such as Value-at-Risk (VaR), Stressed-Value-at-Risk (Stressed VaR) and the risk representation of portfolios.
Strong verbal and written communication skills and ability to develop good working relationships
Proficiency in Excel and SQL; working knowledge of VBA modelling is advantageous.