We want to hear from you if you have practical experience in ICAAP submissions at a UK bank, and can offer a huge amount of exposure and visibility at one of Europes largest and most complex financial services institutions.
Enterprise Wide Risk Management (EWRM) deals with risks that manifest themselves at the aggregate level of the bank. So we take a strategic, bank-wide view of risk management.
We manage areas like capital and liquidity risk, which are entity driven (rather than pure credit, market or operational risk views), as we'll as risk appetite and policy framework which apply across the bank globally. We also own the end-to-end risk management framework, how it fits together, and work on its adoption and consistent application across the bank. This makes us a key area in delivering security to both customers and shareholders.
What you'll do
This is a critical role with responsibility to project manage and deliver our bank wide and UK legal entity ICAAP submissions to the Prudential Regulation Authority (PRA). Preparing each submission is a major endeavour taking approximately nine months of work, and your work will have a great deal of exposure at senior levels of the business.
you'll review and PRAs documentation on ICAAP submissions, becoming an acknowledged subject matter expert and liaising with contemporaries from other banks to discuss requirements and best practices. you'll work closely with a huge variety of stakeholders from across the bank and its UK subsidiaries, including stress testing teams, risk and capital assessment, Finance and Treasury to bring together the submissions you need to complete your. But you'll also have to be able to understand when those submissions seem wrong – as a result of weakenesses in the models used, for example – and challenge their integrity.
Working with the Head of ICAAP, you'll also successfully develop and implement an ICAAP policy at both bank and, where needed, at subsidiary level.
What you'll bring
you'll need practical experience as we'll as theory to carry out this role, so were looking for someone with prior experience of submitting ICAAPs at a major bank. You should understand the regulations, and have a good existing understanding of current and developing best practice. Wed also be interested if your background includes experience at a regulator.
This is numerate and highly analytical work, so you'll also need to be educated in a numerate discipline to at least undergraduate level, and should also hold a relevant professional qualification, such as CFA, chartered accountancy, or Institute of Risk Management.
you'll have to be highly persuasive to get the information you need at the right time, so you should be able to demonstrate how youve influenced a wide range of senior stakeholders to succeed in your priorities. you'll also need to be able to simplify complex and conflicting tasks and policy positions, effectively managing and communicating them.
As a Financial Services organisation we comply with and support the requirements set by our Regulator, the Financial Conduct Authority (FCA), which are designed to protect our customers. This role falls under Conduct Rules of the Individual Accountability Regime (IAR) and is subject to pre-employment screening. This means if your application is successful, you’ll need to satisfy some important background checks before you can start working with us. These will include a full credit check, a criminal record check, residency and right to work checks.
How we'll reward you
In return, we offer a competitive salary plus 30% cash and benefit funding programme that can be tailored to suit your individual needs. In addition, we provide a wide selection of exclusive lifestyle offers, development and learning programmes, services and support designed to help you manage and balance your work/life priorities. For more information on our benefits, please visit our website.
At RBS, we want everyone to feel welcome. That’s why we want you to know that we'll work with you to make the application process as smooth as possible. So please just let us know if you need any adjustments or support – we'll do whatever we can to help.
If we offer you a job, we’ll discuss with you how we can help set you up for success, including by making adjustments to your working environment if required.
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At RBS, we are focused on becoming the UK’s number one bank for customer service, trust and advocacy by 2020. We are simplifying our business, concentrating on the areas where we can lead the market, and placing our customers at the heart of everything we do.