FRTB Implementation GSC’s

Key Skills

Data science techniques, Effective communication skills, Financial Risk, KPI, Risk Analytics

Job Description

The Opportunity

As part of the Fundamental Review of the Trading Book regulation, the firm needs to work on a large-scale regulatory application document.

To help facilitate this challenging task, we are looking for an enthusiast candidate willing to make the difference, leveraging breakthrough technologies. The ideal candidate will have a blend of expertise in product coding and in financial markets.

What you’ll do:

Principal Accountabilities: Key activities and decision-making areas Typical KPIs and Targets

• Support the Global head of regulatory and capital implementation.
• Provide guidance and input into the IMA application for submission to the regulator.
• Supervise and provide guidance in the phase of writing application documents such that they are deemed fit for purpose by the stakeholders. The requirements need to be comprehensive and cover all the aspects of the new capital calculation.
• Be able to leverage data science and technology to support the application.
• Supervise and provide guidance in the execution phase making sure that the requirements are fulfilled and that main milestones of deliveries are fulfilled.
• Liaise with stakeholders in Traded Risk such that FRTB deliveries is in line with the expectations from stakeholders.
• Liaise with stakeholders from FRTB Programme such that issues are timely escalated and a path to resolution is found.
• No adverse regulatory or internal audit feedback on the operational readiness stream. Control process is in line with internal and external regulation (PRA, SOx, KPMG, etc.)
• Successful application to the regulators of the new capital model

Customers / Stakeholders

• Market Risk Management and analysts
• Front Office Desks across all asset classes
• Regulatory & Risk Analytics (GRA)
• Independent model review (IMR)
• Global Wholesale Credit & Market Risk
• Group Risk Technology
• Regulatory policy team

Leadership & Teamwork

• Work effectively with Traded Risk, GRA and regulatory finance and FRTB Programme
• Ensure Regional/Global team provides the right level of value and that they support the proposed changes
• Ensure that the stream is integrated into all relevant parts of the Group and that a collegiate approach is taken to solving issues, building businesses, and achieving target returns
• Regular and positive communication through conference calls, meetings, visits
• Build good relationships with the teams that will be in charge with the production of these numbers as well as the consumers of these numbers.

Operational Effectiveness & Control

• Implementation of effective processes & systems supporting risk strategy.
• Ensure that the effectiveness of Internal Control activity is properly monitored
• Early reporting/escalation of risks/issues monthly senior management.
• Improved processes related to approvals, administration, controls & monitoring; tailored risk systems and monitoring of complex activity
• Achievement of Satisfactory or better internal audit classifications

Major Challenges

• Large number of sites, organizational structures and individual markets with varying degrees of activity from highly complex to vanilla in potentially very volatile markets
• Commercial judgment & experience to anticipate & address fast paced changes in market conditions & strategies
• Strong management & motivation skills to actively communicate & build risk awareness across the region
• Tight deadlines for submission