7 days ago
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.
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 engagements
Liaising directly with clients, including at board and senior management levels
Reviewing, challenging and providing peer and regulatory insights in relation to client-prepared documents, in particular ICAAP and ILAAP
Drafting 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 procedures
Balancing multiple concurrent client projects and responding positively to uncertainty and change
Relationship building and networking with clients and internally across PwC
Supporting senior team members with the development of marketing and sales activities
The essential skills we are looking for are
Educated to at least degree level
Good written and verbal communication skills
Good numerical skills
Good relationship management skills and experience in managing projects and/or people
Experience of problem solving
At least five to eight years’ experience in financial services
An applied understanding of prudential regulatory requirements and expectations applicable to banks and/or broker dealers
At least one of the following
Industry or regulatory experience of ICAAP/ILAAP development and/or the C-SREP/L-SREP process; or
Experience of the bank authorisation process (from within a new entrant bank, an advisor or a regulator)