Banking & Capital Markets Prudential Regulation - Managers

A career within Regulatory Risk and Compliance services, will provide you with the opportunity to help companies rethink their approach to risk and create a sustainable risk advantage. We’re a part of a unique client proposition, assisting our clients develop proper internal controls by leveraging analytics and technology solutions to underpin efficient execution of governance, to optimise their risk and compliance policies and processes, and improve business performance.

About the role

PwC’s Prudential Risk and Regulation team supports clients across a full range of prudential regulatory topics including Pillar 1 and 2 capital and liquidity requirements, recovery and resolution planning and regulatory reporting. Our clients are predominantly banks and broker dealers, ranging in size and complexity from small start-ups to large international groups.
For Pillar 2 we support our clients with their compliance with the Internal Capital Adequacy Assessment Process (ICAAP) and Internal Liquidity Adequacy Assessment Process (ILAAP) regulatory requirements. We provide independent review and challenge of firms’ risk identification, risk assessment, stress testing approaches, and capital and liquidity quantifications and conclusions. We also support management in their preparations for interactions with the UK regulators (Supervisory Review and Evaluation Process (SREP), and Senior Management Function interviews etc.) by providing coaching and mock interviews. These engagements provide us with access to some of the most senior individuals within these firms, often including Board members.
The ICAAP and ILAAP are also key documents to be prepared and submitted by firms seeking authorisation for a banking licence. Our team supports these clients through an often long and complex authorisation process during which they must demonstrate to the UK regulators that they have a legally, operationally and financially viable business model. We help applicants to navigate this process, in particular by providing support and advice on strategy, financial and regulatory modelling, regulatory documentation (ICAAP, ILAAP, Regulatory Business Plan and the Recovery Plan) and regulatory relationship management. We work closely with other PwC teams who support applicants with their governance, IT strategy and operational resilience.

Responsibilities

As a Manager, you’ll work as part of a team of problem solvers with extensive regulatory, advisory and industry experience, helping our clients solve their complex business issues from strategy to execution. Specific responsibilities include but are not limited to

Working as part of a team on a variety of large and small engagementsLiaising directly with clients, including at board and senior management levelsReviewing, challenging and providing peer and regulatory insights in relation to client-prepared documents, in particular ICAAP and ILAAPDrafting materials to support clients through the authorisation process including for example components of the Regulatory Business Plan, ICAAP, ILAAP, Recovery Plan and related policies and proceduresBalancing multiple concurrent client projects and responding positively to uncertainty and changeRelationship building and networking with clients and internally across PwCSupporting senior team members with the development of marketing and sales activities

Requirements

The essential skills we are looking for areEducated to at least degree levelGood written and verbal communication skillsGood numerical skillsGood relationship management skills and experience in managing projects and/or peopleExperience of problem solvingAt least five to eight years’ experience in financial servicesAn applied understanding of prudential regulatory requirements and expectations applicable to banks and/or broker dealersAt least one of the following

Industry or regulatory experience of ICAAP/ILAAP development and/or the C-SREP/L-SREP process; orExperience of the bank authorisation process (from within a new entrant bank, an advisor or a regulator)

Location: London
Salary: Competitive
Role closing date: 20th of September, 2019

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.

Not the role for you?

Did you know PwC offer flexible contract arrangements as well as contingent work ( ie temporary or day rate contracting)?

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.

Learn more here www.pwc.com/uk/careers/experienced/apply

Diversity

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, as well as those who reflect the diverse nature of our society. And we aim to encourage a culture where people can be themselves and be valued for their strengths. Creating value through diversity is what makes us strong as a business and as an organisation with an increasingly agile workforce, we're open to flexible working arrangements where appropriate.

Learn more here www.pwc.com/uk/diversity