Manager - Basel 3.1

Basel 3.1 – Manager
Rate: Umbrella: £963.24
Location: Hybrid - London – 2 day a week
Duration – 8 to 9 months with the possibility of extensions
Role Summary:
Our client are currently recruiting for someone to join their GRPA team with a key focus on Based 3 Reforms. The role will be critical to the analysis and interpretation of the wide-reaching Basel III reforms and the legislation to implement those changes. The role will cover a full range of risk types and will be responsible for driving forward all GRPA Basel III Reform deliverables. This includes driving the firm’s associated advocacy as regulators finalise requirements and delivering policy interpretations for implementing changes arising from Basel III. The role holder will also be required to advise on the regulatory policy requirements applicable to Basel III Reform quantitative impact studies and associated capital management forecasting.
The GRPA function ensures timely review and notification of new developments in prudential policy regulation which impact the calculations of RWAs, leverage ratio, and capital resources, as well as any related regulatory reporting impacts, and provides policy support as part of advocacy and implementation efforts. The successful candidate will also support such activity, including the review of transactions and new products from a regulatory policy perspective. As part of the GRPA team, the successful candidate will also form part of certain global subject matter expert (‘SME’) teams, which provide expert technical regulatory support.
Key Responsible
• Track new policy developments and formulate the Group’s regulatory policies accordingly, providing detailed practical guidance, distributed to a wide range of stakeholders;
• Produce and review regulatory opinions on complex transactions and new products to ensure compliance with Group and local regulatory policies;
• Provide technical support and guidance to both functions and businesses;
• Provide technical support on the implementation of new regulatory requirements;
• Facilitate the Group’s response to future regulatory developments, specifically the implementation of the final Basel III reforms, and influence the external development of regulatory policy by writing responses to new standards, proposed rules, and discussion papers.
Knowledge and Experience:
• Strong working knowledge of the prudential rules related to the calculation of regulatory capital, RWA - both banking and trading book, leverage ratio, and capital resources (including Basel standards, PRA and EU regulatory rules related to each of these areas);
• Excellent communication skills, both written and verbal;
• Strong problem solving skills;
• Strong control mind-set with the ability to support other control functions who are responsible for ensuring the regulatory capital requirements are followed;
• A proven ability to work and thrive across a multi-location team;
• Professional approach and presentation, ability to manage a wide range of stakeholders including senior management
• A good understanding of the regulatory treatment of a broad range of financial products, particularly those related to Global Banking and Markets, would also be desirable;
• Ability to act as an advisor and challenger to business lines and other control functions on all aspects of regulatory policy;
• Ability to formulate and articulate defensible interpretations of ambiguous rule text; and
• Ability to prioritise competing deliverables for a broad range of stakeholders.
Please note, in the event of a high volume of applications for this role, we will not be able to respond to each individual applicant. Unfortunately, if you have not been contacted within 7 days we will not be progressing with your application. Thank you for your understanding.