Prudential Regulation & Risk Management - Assistant Manager
hace 5 días
London
Forvis Mazars is a leading global professional services network providing audit & assurance, tax, and advisory services. Forvis Mazars in the UK spans 14 offices across the nation and has over 3,400 professionals, with 190 partners. We have a clear purpose and a shared commitment to shape a better future. You'll join a collaborative and inclusive team where you're supported to grow your skills, explore new opportunities, and contribute from day one. You'll work with a diverse client base, develop meaningful connections, and gain experience that extends beyond your local team. Together, we grow, belong and impact. The Financial Services (FS) Consulting business unit provides a diverse range of risk and regulatory compliance services to our clients to help them stay compliant, with the vast web of regulations applicable to the industry. Predominantly clients are banks and insurers but can also include investment firms and payment institutions. We are looking to recruit a talented and high performing individual to join the Prudential Regulation & Risk Management Practice within FS Consulting. The Prudential Regulation & Risk Management Practice provides a number of tailored solutions to support our FS clients with their risk management framework, prudential compliance as well as management of change and technology initiatives around risk and prudential regulations. Typical engagements in the Prudential Regulation & Risk Management Practice include: • Reviewing and refining clients' ICAAP, ILAAP, ICARA, wind down and recovery plans., • Responding to clients' queries on the interpretation and implementation of prudential rules., • Reviewing COREP, FINREP, PRA 110, MIF and other regulatory returns., • Supporting the effectiveness of regulatory change projects., • Supporting assurance on clients' processing of regulatory data., • Supporting the review of firms' prudential risk management capabilities – including reviews of relevant policies and procedures; and, how such risks are identified, measured, monitored, measured, and reported. You will be involved in non-client activities such as assisting with internal projects and research initiatives. We currently have a hybrid working model, so as a consultant you will split your time between working from home, visiting the office, client sites when required. With the potential of travel outside of the UK, depending on government guidelines. As a Consultant, you will be expected to: • Work as part of small and large sized multi-disciplinary engagement teams to deliver the types of engagements listed above., • Gather and analyse information, perform gap analysis, identify areas of improvements and offer value-adding recommendations., • Draft client-specific conclusions and recommendations based on research and project work undertaken, • Support Engagement Managers in managing delivery of client engagements. This includes monitoring and reporting on delivery status, identifying and promptly escalating any issues and risks that could impact delivery and providing guidance and quality review of others, • Develop client relationships, grow networks and assist in identifying and converting engagement opportunities, • Support the development of product offerings and preparation of technical proposals and pitches to clients, • Support in writing publications and producing materials to help others understand the impact of regulatory developments and changing risk management practices, • Coach and develop junior team members, • Minimum 4 years' experience of undertaking risk, control or prudential reporting responsibilities working either in the FS industry, consulting firm or any of the FS regulators., • Good understanding of products and services within Corporate and Investment Banking, Wholesale and Retail Banking, Investment Services., • Experience or knowledge of reviewing business processes, governance arrangements, control framework, operating structures and supporting IT infrastructures., • Experience or knowledge of one or more of the following:, • The UK prudential regulatory framework, covering existing and forthcoming regulations, specifically, knowledge of the PRA Rulebook, Supervisory Statements, the FCA Handbook and Basel 3.1., • Preparation or review of Internal Capital Adequacy Assessment Process (ICAAP), in particular Pillar 1 capital requirements, Pillar 2 risks, robustness of stress test scenarios; Internal Liquidity Adequacy Assessment Process (ILAAP), Internal Capital Adequacy and Risk Assessment (ICARA), Regulatory Reporting (COREP, FINREP, PRA) and Recovery Plan (RP)., • Preparation or review of Internal Capital Adequacy and Risk Assessment (ICARA) process and reporting under the Investment Firms Prudential Regime (IFPR)., • Good understanding of the PRA's supervisory model – including internal and external risk factors, and risk mitigants., • Knowledge of, and experience in, risk management frameworks, processes, controls and practices in banking and/or investment firms. This may include responsibility for supporting the implementation of risk management practices or supporting the oversight of risks in a Risk Function role., • Holds a Masters' degree qualification or equivalent., • Ability to express ideas with authority and conviction throughout verbal and written communication., • Ability to think creatively, generate innovative ideas, challenge the status quo, and deliver work effectively., • Ability to act as a role model setting high standards of quality., • Project management skills – effective time management, handling conflicting priorities, working well with others in team, managing projects independently., • Interpersonal skills: the ability to build client relationships with a foundation of trust and responsibility., • Analytical skills: the ability to think critically, research and solve problems., • Ability to multitask and work with tight timelines., • Commitment to self-development & learning. We seek to attract, develop, and retain the best talent, inclusive of sex, ethnicity, disability, socio-economic background, sexual orientation, gender identity, nationality, and faith. We select candidates based on skills, knowledge, qualifications, and experience and aim to support all our team members to reach their potential. At Forvis Mazars, we promote an environment in which you can grow your skills, belong to a team that values your ideas, and make an impact that matters.
