Regulatory Policy Manager - United Kingdom - in Newbury

Description

The role holder will lead on regulatoryinterpretation of regulatory requirements for credit risk, includingthe internal ratings based approach (IRB). As well as lead the reviewand response to proposed rulemaking by regulators designed to addressthe changing environment that banks operate within, such as regulatorydevelopments for:

· Climate risk; and

· Artificial intelligence/machine learning (AI/ML).

As a global team, the role holder will be required to work withcolleagues across the globe to understand the implications the ruleswill have on our businesses. Specifically, the role requires closecollaboration with modelling teams, wholesale credit risk managementand the business to provide guidance on policy matters, such asregulatory requirements for model development.

The roleholder will have direct interaction with senior management on policytopics. This role will act as the Second Line of Defence for Wholesaleinternal ratings based (IRB) models to ensure they satisfy regulatoryrequirements.

In this role, you will:

• Review andopine on existing and proposed regulatory policy on wholesale creditrisk.

· Lead the process to develop regulatoryinterpretations and policy opinions, including clearmunication of thelatest external regulatory developments to customers / stakeholders.

· Undertake line by line traceability mapping of regulatoryarticles to interpretations and advise implementation owners on theregulations to facilitatepliant application..

· Ensureconsistent and accuratemunications to our regulators.

• Support the engagement with the Prudential Regulatory Authority andindustry trade bodies on regulatory policy and permissions topics.

Skills:

• Experience in general or wholesalebanking includingmercial Banking, Global Banking & Markets orWholesale Credit Risk.
• Good knowledge of the regulatorylandscape particularly relating to credit risk regulations, IRB riskmodel permissions or previous experience in a Regulatory Capitalpolicy function.
• Relevant working experience in a bank,rating agency, consultancy or advisory firm is desirable.
• Experience of dealing with regulators is advantageous.
• Some understanding of statistics and concepts of the risk modellingprocess would be advantageous
• Ability to lead, manage andsuccessfully deliver within the agreed time scale, in liaison with allrelevant stakeholders: model owners, business, finance, seniormanagement and regulator.
• Excellent written andverbalmunication skills are mandatory.
• Manages self todeliver own work within timelines.
• Flexibility to workwith colleagues and key stakeholders in an international team.
• Influencing skills are required as many resources will not reportto the jobholder.

In ourpany values we aim for equity atall stages of the recruitment process, please let us know if we can doanything to make the process more accessible to you.