Prudential Regulation & Risk Management - JuniorConsultant
6 days ago
London
Forvis\nMazars is a leading global professional services\nnetwork providing audit & assurance, tax, and advisory\nservices. Forvis Mazars in the UK spans 14 offices across the\nnation and has over 3,400 professionals, with 190 partners. We have\na clear purpose and a shared commitment to shape a better\nfuture. You'll join a collaborative and\ninclusive team where you're supported to grow your skills, explore\nnew opportunities, and contribute from day one. You'll work with a\ndiverse client base, develop meaningful connections, and gain\nexperience that extends beyond your local team. Together, we\ngrow,\nbelong and\nimpact. \nOverview of the Team / Business\nUnit The Financial Services (FS)\nConsulting business unit provides a diverse range of risk and\nregulatory compliance services to our clients to help them stay\ncompliant, with the vast web of regulations applicable to the\nindustry. Predominantly clients are banks and insurers but can also\ninclude investment firms and payment institutions. \n We are looking to recruit a talented and high\nperforming individual to join the Prudential Regulation\n& Risk Management Practice within FS Consulting. The\nPrudential Regulation & Risk Management Practice provides\na number of tailored solutions to support our FS clients with their\nrisk management framework, prudential compliance as well as\nmanagement of change and technology initiatives around risk and\nprudential regulations. Typical engagements in\nthe Prudential Regulation & Risk Management Practice\ninclude: • Reviewing and refining\nclients' ICAAP, ILAAP, ICARA, wind down and recovery\nplans., • Responding to clients' queries on the\ninterpretation and implementation of prudential rules.\n, • Reviewing COREP, FINREP, PRA 110, MIF and other\nregulatory returns., • Supporting the\neffectiveness of regulatory change projects.\n, • Supporting assurance on clients' processing of regulatory\ndata., • Supporting the review of firms'\nprudential risk management capabilities – including reviews of\nrelevant policies and procedures; and, how such risks are\nidentified, measured, monitored, measured, and reported.\n You will be involved in\nnon-client activities such as assisting with internal projects and\nresearch initiatives. We currently have a hybrid\nworking model, so as a consultant you will split your time between\nworking from home, visiting the office, client sites when required.\nWith the potential of travel outside of the UK, depending on\ngovernment guidelines. As a\nConsultant, you will be expected to: \n • Work as part of small and large sized\nmulti-disciplinary engagement teams to deliver the types of\nengagements listed above., • Gather and analyse\ninformation, perform gap analysis, identify areas of improvements\nand offer value-adding recommendations., • Draft\nclient-specific conclusions and recommendations based on research\nand project work undertaken., • Support\nEngagement Managers in managing delivery of client engagements.\nThis includes monitoring and reporting on delivery status,\nidentifying and promptly escalating any issues and risks that could\nimpact delivery and providing guidance and quality review of\nothers., • Develop client relationships, grow\nnetworks and assist in identifying and converting engagement\nopportunities., • Support the development of\nproduct offerings and preparation of technical proposals and\npitches to clients., • Support in writing\npublications and producing materials to help others understand the\nimpact of regulatory developments and changing risk management\npractices., • Coach and develop junior team\nmembers.What are we\nlooking for?, • 2-3\nyears' experience of undertaking risk, control or prudential\nreporting responsibilities working either in the FS industry,\nconsulting firm or any of the FS regulators.\n, • Good understanding of products and services within\nCorporate and Investment Banking, Wholesale and Retail Banking,\nInvestment Services., • Experience or knowledge\nof reviewing business processes, governance arrangements, control\nframework, operating structures and supporting IT\ninfrastructures., • Experience or knowledge of\none or more of the following:, • The\nUK prudential regulatory framework, covering existing and\nforthcoming regulations, specifically, knowledge of the PRA\nRulebook, Supervisory Statements, the FCA Handbook and Basel\n3.1., • Preparation or review of Internal Capital\nAdequacy Assessment Process (ICAAP), in particular Pillar 1 capital\nrequirements, Pillar 2 risks, robustness of stress test scenarios;\nInternal Liquidity Adequacy Assessment Process (ILAAP), Internal\nCapital Adequacy and Risk Assessment (ICARA), Regulatory Reporting\n(COREP, FINREP, PRA) and Recovery Plan (RP).\n, • Preparation or review of Internal Capital Adequacy and\nRisk Assessment (ICARA) process and reporting under the Investment\nFirms Prudential Regime (IFPR)., • Good\nunderstanding of the PRA's supervisory model – including internal\nand external risk factors, and risk mitigants.\n, • Knowledge of, and experience in, risk\nmanagement frameworks, processes, controls and practices in banking\nand/or investment firms. This may include responsibility for\nsupporting the implementation of risk management practices or\nsupporting the oversight of risks in a Risk Function\nrole., • Holds a Masters' degree qualification or\nequivalent.Personal\nAttributes, • Ability\nto express ideas with authority and conviction throughout verbal\nand written communication., • Ability to think\ncreatively, generate innovative ideas, challenge the status quo,\nand deliver work effectively., • Ability to act\nas a role model setting high standards of quality.\n, • Project management skills – effective time management,\nhandling conflicting priorities, working well with others in team,\nmanaging projects independently., • Interpersonal\nskills: the ability to build client relationships with a foundation\nof trust and responsibility., • Analytical\nskills: the ability to think critically, research and solve\nproblems., • Ability to multitask and work with\ntight timelines., • Commitment to\nself-development & learning. We seek to attract, develop, and retain\nthe best talent, inclusive of sex, ethnicity, disability,\nsocio-economic background, sexual orientation, gender identity,\nnationality, and faith. We select candidates based on skills,\nknowledge, qualifications, and experience and aim to support\nall our team members to reach their potential.\n At Forvis Mazars, we promote an\nenvironment in which you can grow your skills, belong to a team\nthat values your ideas, and make an impact that\nmatters