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A career in our Financial Services Credit Risk practice, within Risk Consulting services, will provide you with the opportunity to help organisations rethink their approach to risk by developing a distinctive strategy and creating capabilities and performance. We play an important part in helping our clients assess, design and develop solutions that not only help them manage risk but also transform risk and complexity into a sustainable advantage.
Our team helps organisations measure and manage the risk associated with borrower, counterparties or other third parties who have a financial or contractual commitment to them. As part of the team, you’ll help assess, design, and implement strategic credit risk functions, collection and recovery units as well as leading credit risk management trainings.

About the role

PwC’s Prudential Risk and Regulation team supports clients across a full range of prudential regulatory topics including Pillar 1 and 2 capital and liquidity requirements, recovery and resolution planning and regulatory reporting. Our clients are predominantly banks, broker dealers and payments firms, ranging in size and complexity from small start-ups to large international groups.

For Pillar 2 we support our clients with their compliance with and optimisation subject to the Internal Capital Adequacy Assessment Process (ICAAP) and Internal Liquidity Adequacy Assessment Process (ILAAP) regulatory requirements. We provide independent review and challenge of firms’ risk identification, risk assessment, stress testing approaches, and capital and liquidity quantifications and conclusions. We also support management in their preparations for interactions with the UK regulators (Supervisory Review and Evaluation Process (SREP), and Senior Management Function interviews etc.) by providing coaching and mock interviews. These engagements provide us with access to some of the most senior individuals within these firms, often including Board members. We also support clients with the preparation of Recovery Plans (RRPs), Solvent Wind Down Plans (SWDPs), Resolvability Assessments and in meeting Minimum Requirement for own funds and Eligible Liabilities (MREL) requirements.

The ICAAP and ILAAP are also key documents to be prepared and submitted by firms seeking authorisation for a banking licence. Our team supports these clients through an often long and complex authorisation process during which they must demonstrate to the UK regulators that they have a legally, operationally and financially viable business model. We help applicants to navigate this process, in particular by providing support and advice on strategy, financial and regulatory modelling, regulatory documentation (ICAAP, ILAAP, Regulatory Business Plan, RRP and SWDP) and regulatory relationship management. We work closely with other PwC teams who support applicants with their governance, IT strategy and operational resilience.

Responsibilities

As a Senior Associate, you’ll work as part of a team of problem solvers with extensive regulatory, advisory and industry experience, helping our clients solve their complex business issues from strategy to execution. Specific responsibilities include but are not limited to

Working as part of a team on a variety of large and small engagements

Liaising directly with clients, including at board and senior management levels

Reviewing, challenging and providing peer and regulatory insights in relation to client-prepared documents, in particular ICAAP and ILAAP

Drafting materials to support clients through the authorisation process including for example components of the Regulatory Business Plan, ICAAP, ILAAP, Recovery Plan, Solvent Wind Down Plan and related policies and procedures

Balancing multiple concurrent client projects and responding positively to uncertainty and change

Relationship building and networking with clients and internally across PwC

Supporting senior team members with the development of marketing and sales activities

Requirements

The essential skills we are looking for are

Educated to at least degree level

Good written and verbal communication skills

Good numerical skills

Experience of problem solving

At least two to five years’ experience in financial services

A general understanding of prudential regulatory requirements and expectations applicable to banks and/or broker dealers

At least one of the following

Industry or regulatory experience of ICAAP/ILAAP/RRP/SWDP development and/or the C-SREP/L-SREP process; or

Experience of the bank authorisation process (from within a new entrant bank, an advisor or a regulator)
A career in our Financial Services Credit Risk practice, within Risk Consulting services, will provide you with the opportunity to help organisations rethink their approach to risk by developing a distinctive strategy and creating capabilities and performance. We play an important part in helping our clients assess, design and develop solutions that not only help them manage risk but also transform risk and complexity into a sustainable advantage.
Our team helps organisations measure and manage the risk associated with borrower, counterparties or other third parties who have a financial or contractual commitment to them. As part of the team, you’ll help assess, design, and implement strategic credit risk functions, collection and recovery units as well as leading credit risk management trainings.

About the role

PwC’s Prudential Risk and Regulation team supports clients across a full range of prudential regulatory topics including Pillar 1 and 2 capital and liquidity requirements, recovery and resolution planning and regulatory reporting. Our clients are predominantly banks, broker dealers and payments firms, ranging in size and complexity from small start-ups to large international groups.

For Pillar 2 we support our clients with their compliance with and optimisation subject to the Internal Capital Adequacy Assessment Process (ICAAP) and Internal Liquidity Adequacy Assessment Process (ILAAP) regulatory requirements. We provide independent review and challenge of firms’ risk identification, risk assessment, stress testing approaches, and capital and liquidity quantifications and conclusions. We also support management in their preparations for interactions with the UK regulators (Supervisory Review and Evaluation Process (SREP), and Senior Management Function interviews etc.) by providing coaching and mock interviews. These engagements provide us with access to some of the most senior individuals within these firms, often including Board members. We also support clients with the preparation of Recovery Plans (RRPs), Solvent Wind Down Plans (SWDPs), Resolvability Assessments and in meeting Minimum Requirement for own funds and Eligible Liabilities (MREL) requirements.

The ICAAP and ILAAP are also key documents to be prepared and submitted by firms seeking authorisation for a banking licence. Our team supports these clients through an often long and complex authorisation process during which they must demonstrate to the UK regulators that they have a legally, operationally and financially viable business model. We help applicants to navigate this process, in particular by providing support and advice on strategy, financial and regulatory modelling, regulatory documentation (ICAAP, ILAAP, Regulatory Business Plan, RRP and SWDP) and regulatory relationship management. We work closely with other PwC teams who support applicants with their governance, IT strategy and operational resilience.

Responsibilities

As a Senior Associate, you’ll work as part of a team of problem solvers with extensive regulatory, advisory and industry experience, helping our clients solve their complex business issues from strategy to execution. Specific responsibilities include but are not limited to

Working as part of a team on a variety of large and small engagements

Liaising directly with clients, including at board and senior management levels

Reviewing, challenging and providing peer and regulatory insights in relation to client-prepared documents, in particular ICAAP and ILAAP

Drafting materials to support clients through the authorisation process including for example components of the Regulatory Business Plan, ICAAP, ILAAP, Recovery Plan, Solvent Wind Down Plan and related policies and procedures

Balancing multiple concurrent client projects and responding positively to uncertainty and change

Relationship building and networking with clients and internally across PwC

Supporting senior team members with the development of marketing and sales activities

Requirements

The essential skills we are looking for are

Educated to at least degree level

Good written and verbal communication skills

Good numerical skills

Experience of problem solving

At least two to five years’ experience in financial services

A general understanding of prudential regulatory requirements and expectations applicable to banks and/or broker dealers

At least one of the following

Industry or regulatory experience of ICAAP/ILAAP/RRP/SWDP development and/or the C-SREP/L-SREP process; or

Experience of the bank authorisation process (from within a new entrant bank, an advisor or a regulator)
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