- To review and strengthen the control environment surrounding TCM reporting requirements to ensure the key regulatory calculations are performed in line with regulatory requirements, internal policies and interpretations.
- To develop close working relationship with departments across the Bank (including Financial Reporting, Risk, Front Office and IT) in order to support new business initiatives and regulatory developments.
- Support bank-wide change initiatives and deliver against regulator-driven change
- Analysis and internal communication of new regulatory publications and related requirements from Basel, the UK and Chinese Regulators, including revisions to Basel 3.1
- Coordination and impact assessments of new regulatory updates, as applicable to the Bank
- Communication of regulatory developments to internal stakeholders and management
- Active engagement with the TCM Change and Control function to deliver TCM system changes, arising from regulatory changes
- Assist in delivery of core regulatory change initiatives
- Engagement with industry bodies including AFME, ISDA and UK Finance
- Support to production of formal governance documents (including Pillar 3 Disclosures/ ICAAP/ILAAP/Recovery Plans/Solvent Wind Down Plans)
- Assessment and determination of the regulatory capital, liquidity and large exposures implications of proposed new transactions in consultation with the department head.
- Ongoing review and challenge of all key data attributes and processes that support the calculation and reporting of the firm's capital, liquidity and balance sheet position.
- Assist in the design and delivery of control improvements to TCM reporting processes (including embedding control frameworks and Business Operating Models)
- Ensure policy calls and interpretations are understood by the reporting team, implemented correctly and documented appropriately
- Ensure appropriate documentation of key policies and practices across the TCM space
- Demonstrate review of key policy calls and memos on a periodic basis
- Ensure adequate process documentation for key governance pack production processes and assumptions
- Assist in the New Product and Significant Transactions Review (NPSTR) and Post Implementation Review (PIR) processes across the TCM space and assist in the subsequent implementation of any proposed changes
- Assist in the preparation of internal briefings, executive summaries and presentations for Senior Management and Governance Committees
- Engage with the front office, risk and finance areas to understand the impact of new product and transactions for TCM
- Provide the TCM reporting team with information to support capital planning, stress testing and the formal budgeting processes
- Provide stakeholder with analysis and commentary on changes in capital, funding & liquidity positions
- Provide information for inclusion in Annual Financial Statements, Pillar 3 and ICAAP/ILAAP documents for the year-end reporting cycle
- Qualified accountant, or working towards accounting qualifications
- A background and technical interest in UK/EU Prudential Regulatory topics including Basel 3.1 and CRR/CRD, and a desire to build on this
- Regulatory policy or reporting experience in an investment bank or other relevant experience e.g. consultancy/regulator background
- Wholesale/investment banking product knowledge including derivatives and SFTs.
- Microsoft Office application knowledge (Excel, PowerPoint, Access) would be beneficial
- Prefers working in a controlled environment and operating in accordance with agreed policies and procedures
- Has an affinity for accounting and regulatory concepts
- Is a good communicator and enjoys working collaboratively across a range of stakeholders in a multicultural environment
- Is self-driven and has a natural curiosity and desire to learn
- Is organised and can prioritise and attend to a number of tasks at one given time
- Emphasises great attention to detail
- Has good problem solving/analytical skills
- Wants to fully understand end to end processes and proactive in following up on and resolving any issues
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TCM Policy - London, United Kingdom - ICBC Standard Bank
Description
Summary
Capital Management and Regulatory Reporting Treasury & Capital Management has two key areas: TCM Policy, Planning & Reporting and Corporate Treasury.
TCM Policy, Planning & Reporting has three key activities:
TCM Reporting and Stress Testing is responsible for the calculation and reporting of the Bank's capital and liquidity positions as well as all prudential returns to the Prudential Regulation Authority (PRA) and Bank of England (BoE) covering capital, liquidity, large exposures, leverage, net stable funding ratio (NSFR), asset encumbrance and a range of statistical returns, as well as various internal Management information packs. Governance of all local reporting requirements is exercised via the quarterly RegGov forum.
The function is also responsible for the provision of regulatory information to ICBC Head Office Asset and Liability Management (ALM), Management Information and Risk Management departments in Beijing for their consumption and to support onwards submission of returns to the Chinese regulator (NFRA).
Budgeting, forecasting and stress testing encompasses the monitoring and management of capital supply and demand over the planning horizon, and parameterising and running periodic stress tests to assess the firm's capital and liquidity position under severe but plausible market scenarios.
TCM Control and Change assumes ownership of all capital and liquidity reporting systems with responsibility for Run-the-Bank (RTB) and Change-the-Bank (CTB) change management of these systems.
This includes management and prioritisation of IT resource and release cycles to deliver regulatory driven system changes and accommodate new business activities.
The function also owns and manages the wider control framework within Treasury & Capital Management (TCM), including designing reconciliations, spot check and deep dive reviews, maintenance of Business Operating Model and Control Framework documents, Key Risk/Control Indicator monitoring (KRI/KCI), input into the Risk Control self-assessment process and audit management.
TCM Policy and Business Liaison is responsible for liquidity and capital related regulatory policy adherence for the Group across all pillars, including identifying regulatory changes concerning liquidity and capital, the production of key annual documents including the Internal Capital Adequacy Assessment Process (ICAAP), the Internal Liquidity Adequacy Assessment Process (ILAAP), Recovery and Resolution Plans (RRP) and Solvent Wind Down Plan (SWDP), managing the Contingency Escalation frameworks and supporting the business on capital and liquidity optimisation and business initiatives (at times undertaking cross-Finance co-ordination).
The function represents the Capital Management/Reg Reporting and Treasury teams in new product discussions, advising on the capital and liquidity impacts of new trade types or specific structures and subsequently working with TCM Control and Change and TCM Reporting to ensure the structure is understood and any necessary system enhancements are implemented. It is also responsible for representation of the firm at industry forums.
Job Purpose
This is a key role within the TCM Policy Team, with a focus on assessing regulatory requirements relating to capital, large exposures, leverage, funding and liquidity. The individual will be responsible for liaising with the regulatory reporting team, business areas and the wider Finance and Risk teams, in order to manage the internal lifecycle of regulatory change and implementation with a core focus of ensuring appropriate interpretation, documentation and adoption of regulatory requirements and internal policies. This is a high-profile role in the organisation and will involve participating in frequent detailed discussions with senior individuals within the business and across different departments.
Key strategic objectives of the role are:
Key Responsibilities
Documentation, review and maintenance of policies and interpretation for existing and new regulatory requirements, including
Strengthening the interactions and controls between regulatory policy and reporting
Stakeholder engagement
Preferred Qualifications and Experience
Suitability for the role
The role would suit someone who:
