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Stress Testing Senior Manager - Risk Modelling Services


Pricewaterhousecoopers LLP
Location: London
Job type: Permanent
Category: Office Manager Jobs
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About the role

As a Stress Testing Senior Manager, you’ll provide risk solutions to our top tier banking clients. In this newly created role, your specialist offering will be stress testing, including work focused on the forthcoming implementation of IFRS 9. You’ll work on stress balance sheets and capital optimization, as well as quantitative advisory services, including quantitative analysis for banking audits.
As a Senior Manager, you'll lead engagement teams. You'll be responsible for managing, coaching and developing your team members. You'll work closely with the leadership team and will be responsible for client liaison and relationship management.

Responsibilities

* Developing and validating stress testing models across risk, finance and treasury disciplines
* Designing stress testing & capital analytics frameworks
* Developing and maintaining quantitative & qualitative methodologies to cover various regulatory capital, stress testing & economic capital requirements for banks
* Designing and parametrising economic scenarios (including IFRS9 scenario generation) for assessing Bank’s business model vulnerabilities (P&L and B/S), risk profile and capital requirements.
* Utilising stress testing the design, assessment and strategies for capital management and balance sheet optimisation.
* Preparation for regulatory submissions & approvals e.g., stress testing basis of preps
* Interaction with stakeholders including risk managers, traders, model validation, internal audit, Regulators
* Maintaining an up-to-date view of regulatory and industry developments in relation to capital, stress testing, risk modelling, sharing this with the wider team and maintaining leading edge best practice in work performed

Essential skills and experience

* Educated to degree level (or equivalent) in numerical subject
* Previous experience of working within Banking organisations, or from a professional services background, covering credit risk, stress testing, treasury risk, model validation, risk management, or other relevant field
* Understanding of Bank’s P&L and balance sheets, as well as capital & financial planning functions
* Knowledge of at least one of the following: VBA, SAS, Matlab, C++, R, Python
* Experience in leading, coaching and developing teams. Experience in client liaison and relationship management
* Good knowledge of banking models in one of the following areas: IRB Models, Stress Testing Econometric Models, Economic Capital
* Familiar with recent Regulatory developments e.g. BoE / ECB / EBA Stress Testing, ICAAP, MREL, FRTB
* Exceptional communication skills, with emphasis on communicating technical complexity to both technical and non-technical audiences

Desirable skills

* Further qualification (such as MSc, PhD or professional qualification) in relevant subject/area, e.g mathematical finance, Econometrics or technical research involving maths or numerics

Location
London

Assurance

Assurance is a dynamic place to be right now, and the variety of opportunities on offer is unprecedented. It’s work that really does matter. It matters for businesses, governments and society at large. Our team provides confidence on the most complex decisions companies have to take and this provides a wealth of opportunities to everyone who joins us and works with us.

The skills we look for in future employees

All our people need to demonstrate the skills and behaviours that support us in delivering our business strategy. This is important to the work we do for our business, and our clients. These skills and behaviours make up our global leadership framework, ‘The PwC Professional’ and are made up of five core attributes; whole leadership, technical capabilities, business acumen, global acumen and relationships.

Learn more here javascript:void(0);

Diversity

We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool, as well as those who reflect the diverse nature of our society. And we aim to encourage a culture where people can be themselves and be valued for their strengths. Creating value through diversity is what makes us strong as a business and as an organisation with an increasingly agile workforce, we're open to flexible working arrangements where appropriate.
About the role

As a Stress Testing Senior Manager, you’ll provide risk solutions to our top tier banking clients. In this newly created role, your specialist offering will be stress testing, including work focused on the forthcoming implementation of IFRS 9. You’ll work on stress balance sheets and capital optimization, as well as quantitative advisory services, including quantitative analysis for banking audits.
As a Senior Manager, you'll lead engagement teams. You'll be responsible for managing, coaching and developing your team members. You'll work closely with the leadership team and will be responsible for client liaison and relationship management.

Responsibilities

* Developing and validating stress testing models across risk, finance and treasury disciplines
* Designing stress testing & capital analytics frameworks
* Developing and maintaining quantitative & qualitative methodologies to cover various regulatory capital, stress testing & economic capital requirements for banks
* Designing and parametrising economic scenarios (including IFRS9 scenario generation) for assessing Bank’s business model vulnerabilities (P&L and B/S), risk profile and capital requirements.
* Utilising stress testing the design, assessment and strategies for capital management and balance sheet optimisation.
* Preparation for regulatory submissions & approvals e.g., stress testing basis of preps
* Interaction with stakeholders including risk managers, traders, model validation, internal audit, Regulators
* Maintaining an up-to-date view of regulatory and industry developments in relation to capital, stress testing, risk modelling, sharing this with the wider team and maintaining leading edge best practice in work performed

Essential skills and experience

* Educated to degree level (or equivalent) in numerical subject
* Previous experience of working within Banking organisations, or from a professional services background, covering credit risk, stress testing, treasury risk, model validation, risk management, or other relevant field
* Understanding of Bank’s P&L and balance sheets, as well as capital & financial planning functions
* Knowledge of at least one of the following: VBA, SAS, Matlab, C++, R, Python
* Experience in leading, coaching and developing teams. Experience in client liaison and relationship management
* Good knowledge of banking models in one of the following areas: IRB Models, Stress Testing Econometric Models, Economic Capital
* Familiar with recent Regulatory developments e.g. BoE / ECB / EBA Stress Testing, ICAAP, MREL, FRTB
* Exceptional communication skills, with emphasis on communicating technical complexity to both technical and non-technical audiences

Desirable skills

* Further qualification (such as MSc, PhD or professional qualification) in relevant subject/area, e.g mathematical finance, Econometrics or technical research involving maths or numerics

Location
London

Assurance

Assurance is a dynamic place to be right now, and the variety of opportunities on offer is unprecedented. It’s work that really does matter. It matters for businesses, governments and society at large. Our team provides confidence on the most complex decisions companies have to take and this provides a wealth of opportunities to everyone who joins us and works with us.

The skills we look for in future employees

All our people need to demonstrate the skills and behaviours that support us in delivering our business strategy. This is important to the work we do for our business, and our clients. These skills and behaviours make up our global leadership framework, ‘The PwC Professional’ and are made up of five core attributes; whole leadership, technical capabilities, business acumen, global acumen and relationships.

Learn more here javascript:void(0);

Diversity

We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool, as well as those who reflect the diverse nature of our society. And we aim to encourage a culture where people can be themselves and be valued for their strengths. Creating value through diversity is what makes us strong as a business and as an organisation with an increasingly agile workforce, we're open to flexible working arrangements where appropriate.
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