Regulatory Capital and Liquidity Pillar 2 Specialist

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Job description

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, complex 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 engage directly with some of the most senior individuals at firms, often including Board members, reflecting the importance of the Pillar 2 regime in how firms manage their capital and liquidity and meet regulatory expectations. 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.

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. These require expertise from across PwC and 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 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, ILAAP and RRP

• 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

Requirements

The essential skills we are looking for are:

• 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

• Solid experience in financial services prudential requirements. Candidates with lesser experience will be considered at the Senior Associate level

• 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)

Experience of working with Tableau, PowerBI, Alteryx or other analysis tools would also be advantageous but are not essential.

Risk
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.

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The Deal
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Diversity
Valuing Difference. Driving Inclusion.

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 because creating value through diversity is what makes us strong as a business, enabling us to solve important problems and deliver value to our clients. We encourage an inclusive culture where people can be themselves, are valued for their strengths and are empowered to be the best they can be. As an organisation with an increasingly agile workforce, we also support different ways of working offering flexible working arrangements. Learn more here about our work to support an inclusive culture.