Stress Testing Stdf Data Lead Manager

Business Unit: Group Finance, Stress TestingSalary range: circa GBP65,000 - GBP75,000 DOE+ red-hot benefitsLocation: Remote, UK FlexibleContract type: Permanent

Live for the weekday. Live a life more Virgin.Our Team

The Data Delivery Consolidation team (DDC) are responsible for the preparation, review / challenge and submission of a range of the Stress Testing Data Framework (STDF) templates and Basis of Preparation documents. This includes the ownership of Net Interest Income and Credit Risk actuals templates, and oversight of other templates (for Actuals and Projections) that are prepared and submitted by SMEs across the bank under the guidance of the DDC team.

The team are the guardians of the quality of the submission - responsible for the mandatory reconciliation and validation process and ensuring that our additional controls are successfully executed and can be evidenced to Risk/Audit and senior governance. We're also the first point of contact for the PRA for STDF data queries and are responsible for setting out and tracking timetables for stress test execution and delivery, running regular working groups, and acting as a central point of contact for questions on interpretations/ instructions for the stress test.

What you'll be doing

• Making sure stakeholders understand the STDF requirements, interpretations are consistent, and the templates are completed to the required standard. Being a point of contact for STDF related queries.
• Ensuring the timely and accurate delivery of all STDF template submissions to the PRA. Some templates are directly owned by the Team so you'll be required to play an active role in preparing the data and liaising with other parts of the bank. Other templates, owned by others, are reviewed and challenged by the DCC team to ensure they meet the standards for submission to the PRA.
• Executing our suite of data controls to ensure that the submissions meet regulatory expectations. This includes running our automated validation and reconciliation tool, working with others to understand all reconciling items / validation overrides and then justifying them to senior management for sign off prior to submission. It also includes running our suite of additional non-mandatory reconciliation checks and trend/outlier analysis.
• Leading and managing the process for stakeholder approval of templates, including responding to queries from stakeholders including 1st & 2nd line of defence colleagues involved in the internal review process.
• Analysing the data submissions - ensuring reconciliations pass to understand what the data is telling us, identifying trends, and arrears for potential focus.
• Investigating and responding to queries from the PRA on the data submissions.
• Own the annual review of our STDF exemptions and manual interpretations, ensuring they're completed to the requisite standard. This includes leading the review and implementation of any templates as part of the PRA's three yearly STDF review.
• Working with the technology team to maintain our automated solution for Credit Risk Actuals and identify further opportunities for automation of other templates and associated controls. This involves identifying process weaknesses and limitations, working with stakeholders to document requirements and liaising with technology teams to oversee the development of automated solutions for reporting. This may also involve some performing testing (primarily user acceptance testing) on any output.We need you to have

• Significant experience of regulatory reporting spanning any of the following STDF/FINREP/COREP within Financial Services.
• A proven strong quantitative background, with outstanding Excel skills.
• A head for numbers and data as you solve complex problems with a beady eye for detail.
• Proficient in communicating complex instructions clearly, particularly to colleagues with varying levels of technical knowledge.
• First class organisation skills with the ability to create plans, track activity, using judgment to escalate issues as required to ensure timelines are met.
• Experience of building strong relationships and fostering teamwork as you collaborate with colleagues across Finance, Risk, Treasury, Commercial and Technology.

It's a bonus if you have but not essential

• A degree in a data orientated field such as STEM
• Competency in a programming language (ideally R or SAS)
• Experience in dealing with the Prudential Regulation Authority.

Red Hot Rewards

• Generous holidays - 38.5 days annual leave (including bank holidays and prorated if Part-Time) plus the option to buy more
• Up to five extra paid well-being days per year
• 20 weeks paid, gender-neutral family leave (52 weeks in total) for expectant parents and those looking to adopt
• Market-leading pension
• Free private medical cover, income protection and life assurance
• Flexible benefits include Cycle to Work, wellness and health assessments, and critical illness
• Ability to work anywhere in the UK (where the role allows)

And there's no waiting around, you'll enjoy these benefits from day one.

Feeling insatiably curious about this role? Apply as soon as you can. If we're lucky to receive a lot of interest, we may close the advert early and would hate you to miss out.

We're all about helping you Live a Life More Virgin, so happy to talk flexible working with you.

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