Description
Role Purpose
- This role forms part of the Financial and Model Risk Regulatory Policy and Engagement team. The jobholder is expected to lead on analysing the impacts and interpretation of new and existing regulatory Credit Risk requirements (eg Basel 3, IRB Repair) for the Global Risk Analytics (GRA), Capital and Liquidity risk, Pension risk and Finance risk function.
- The individual will also be responsible for providing subject matter expert oversight and challenge of the credit model changes required to comply with the new regulatory requirements, including review of model owner self-assessments and submission to the prudential regulation authority (PRA).
Key Accountabilities
- Provide guidance and opine on regulatory policy
- Regulatory oversight and challenge for credit risk model developments.
- Drafting policy interpretations and opinions owned by GRA, Capital and Liquidity risk, Pension risk and Finance risk.
Customers/Stakeholders
- Global and regional Credit Functions (Wholesale Credit) - Wholesale Credit Risk Senior management team, GRA Regional Heads and regional Policy leads
- Global CMB, Global Banking and Markets
- Finance - Group Regulatory Policy and Regulatory Reporting teams
- Group audit - working with audit managers reviewing risk rating systems
- Regulatory bodies - in particular the Prudential Regulatory Authority supervisory and modelling teams
Experience
- Experience in general or wholesale banking including Commercial Banking, Global Banking & Markets or Wholesale Credit
- Good knowledge of the regulatory landscape particularly relating to credit risk regulations, risk models waivers for IRB or previous experience in a Regulatory Capital policy function
- Relevant working experience in a bank, rating agency, consultancy or advisory firm would be considered
- Experience of dealing with regulators is advantageous.
- Some understanding of statistics and concepts of the risk modelling process would be advantageous