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This is a hybrid role working 3 days in the office (City of London location) and 2 days working from home.
Role Purpose:
To support the Head of Prudential Risk in the day-to-day monitoring and management of prudential risk.
Responsibilities:
Capital
* Own the Bank's Pillar 2a credit stress testing and write the relevant sections of the ICAAP
* Own the Bank's Pillar 2b credit stress testing to derive the Pillar 2b Credit Risk assumptions
Recovery Planning
* Own the Bank's Recovery Plan models
* Provide assessment of recovery measures and take into account linkages between the Recovery Plan, the ICAAP, and ILAAP
* Ensure compliance with internal / external policies and definitions and adhere to regulatory requirements
Regulatory Developments
* Follow and analyse prudential regulatory developments and comment on proposed changes
Model Risk Management
* Ensure that all Prudential Risk models are compliant with the Model Risk Management Policy
* Organise workshops in line with the Model Risk Management policy to ensure that the Credit Risk models remain fit for purpose
Skills and Experience sought:
* Detailed understanding of liquidity, capital and recovery planning requirements
* Experience in preparing ICAAP, ILAAP, and RRP documents
* Knowledge of LCR, NSFR, and Liquidity Funding Plan
* Good understanding of stress testing processes and approaches
* Ability to analyse banking products, to identify the key risk factors and develop appropriate stress testing parameters
* Good project management skills
* Attention to detail and a high level of accuracy
* Commercially astute with analytical mind and approach
Technical Knowledge sought:
* Familiarity with the PRA capital and liquidity prudential requirements
* Strong organisation and analytical skills with an attention to detail
* Excellent Microsoft Office skills (Word, PowerPoint, Excel)
* Strong data skills i.e. awareness of system databases and data warehouses and the ability to interact with them via SQL, VBA and/or data visualisation and modelling tools (e.g. Pandas, Power BI etc.)
Remuneration and Benefits:
* Competitive Salary and Bonus package
* 26 Days Holiday
* 2 Wellbeing Days
* Contributory Pension
* Life Insurance / Income Protection / Critical Illness cover
* Private Medical Insurance
* Season Ticket Loans
* Excellent career development opportunities and where appropriate sponsorship of a relevant qualification
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