Stress Testing Manager
Join our Enterprise Wide Risk Management function as Wholesale Credit Stress Testing Manager, and you'll interact widely with risk and business colleagues, and develop a big picture view from a unique perspective.
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 newly created role reporting to the Head of Stress Testing Execution, where you will have significant ownership of regulatory and internal stress testing throughout our wholesale credit portfolios. you'll be part of a wider stress testing execution team, and ultimately your work will feed into the banks ICAAP submissions to our regulators. But you'll offer more than simply executing someone elses models, stretching your critical thinking skills to provide insight on how to manage our portfolios most effectively, and playing an influential role in developing wholesale credit stress testing methodologies across our three lines of defence.
Whether youre securing the data you need or feeding back your concerns, you can expect to interact widely with colleagues from a range of functional and business areas, including wider credit risk areas, capital risk, counterparty risk, and front office teams. you'll also monitor the changing requirements of our regulators to make sure we stay fully compliant.
What you'll bring
This is an intellectually testing role, and we expect that you'll have a track record of academic success to at least undergraduate level, although its your career to date which will interest us more.
Were looking for someone from a risk management or banking background, and you'll need a broad understanding of wholesale credit portfolio modeling, and of P&L. Experience working with stress testing models would be valuable, and may prove to be an advantage, but a background in market risk, credit risk, or a career in the front office would all be interesting, and consultancy or experience at a regulator may be suitable. Whatever your working history, you'll need to demonstrate we'll-attuned critical thinking skills, and an ability to look beyond accepted solutions to consider new possibilities.
Technically, while you wont need to be a model developer, you should be a strong Excel user – including proficiency with VBA – and have a good understanding of a statistical analysis package like SAS, as we'll as SQL.
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.
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