Regulatory Policy and Compliance Manager - London, United Kingdom - Goodman Masson

Description

The role holder will lead on regulatory interpretation of regulatory requirements for credit risk, including the internal ratings based approach (IRB).

As well as lead the review and response to proposed rulemaking by regulators designed to address the changing environment that banks operate within, such as regulatory developments for:

• Climate risk; Artificial intelligence/machine learning (AI/ML).

As a global team, the role holder will be required to work with colleagues across the globe to understand the implications the rules will have on our businesses.

Specifically, the role requires close collaboration with modelling teams, wholesale credit risk management and the business to provide guidance on policy matters, such as regulatory requirements for model development.

The role holder will have direct interaction with senior management on policy topics.

This role will act as the Second Line of Defence for Wholesale internal ratings based (IRB) models to ensure they satisfy regulatory requirements.

Review and opine on existing and proposed regulatory policy on wholesale credit risk.

• Lead the process to develop regulatory interpretations and policy opinions, including clear communication of the latest external regulatory developments to customers / stakeholders.
• Undertake line by line traceability mapping of regulatory articles to interpretations and advise implementation owners on the regulations to facilitate compliant application.
• Support the engagement with the Prudential Regulatory Authority and industry trade bodies on regulatory policy and permissions topics.

Experience in general or wholesale banking including Commercial Banking, Global Banking & Markets or Wholesale Credit Risk.

Good knowledge of the regulatory landscape particularly relating to credit risk regulations, IRB risk model permissions or previous experience in a Regulatory Capital policy function.

Relevant working experience in a bank, rating agency, consultancy or advisory firm is desirable.
Some understanding of statistics and concepts of the risk modelling process would be advantageous

Ability to lead, manage and successfully deliver within the agreed time scale, in liaison with all relevant stakeholders: model owners, business, finance, senior management and regulator.