Company
Royal Bank of ScotlandLocation
UK-LondonRemuneration
CompetativePosition Type
PermanentEmployment type
Full timeUpdated
07-Nov-2013eFC Ref no
1304210
Basil III Stress Testing Manager
The RBS Group Risk Capital Management
(RCM) function is the stress testing function that sits within RBS Group
Firm Wide Risk. RCM is responsible for the design, enhancement and
implementation of the RBS Group Stress Testing framework across all
Divisions and Businesses. The team is also involved in the execution of
Stress Testing across all Divisions and Business, both for internal and
external requirements.
Group Risk is an independent function responsible for ensuring there is an appropriate risk governance framework on a Group wide and divisional basis, and that day-to-day risks are managed effectively within this framework. The management of risk is a fundamental activity which underpins the Group's reputation, performance and future success. Our specialist teams are; Credit Risk, Market and Insurance Risk, Regulatory and Operational Risk, and Risk Infrastructure and Analytics.
Credit Risk is responsible for managing credit risks and recommending risk appetite for RBS within an effective credit risk framework. The credit risk framework is the collective term for the governance structures, policy standards, control processes and infrastructure established to support the management of credit risk.
• Enhancing the Group's Stress Testing & Reverse Stress Testing methodology.
• Developing the linkage of Stress Testing to the Risk Appetite and Economic Capital frameworks.
• Supporting the linkage of Stress Testing to Portfolio Analytics to enhance strategic decision making and the risk management framework.
• Contributing to the Group and Legal Entity Reverse Stress Testing, including vulnerability analysis of key potential risks impacting the firm and it's balance sheet, quantification of reverse stress scenarios and documentation & presentation of results to Senior Management.
• Supporting firm-wide stress testing and ensuring it accurately presents results for the required scenario. This would entail conducting and assessing stress losses and Risk Weighted Assets & management actions across credit, market and operational risk.
• Undertake comprehensive analysis throughout the firm-wide stress testing cycle, and hold early discussions with relevant SMEs, on specific features of each stress scenario and its outcomes. The jobholder will be required to connect the inputs, scenario and results, and support and the preparation and delivery of a firm-wide stress test to Senior Management.
• As required, support other regulatory reporting requests from the FSA, EBA, Fed, US-SEC etc, and ensure consistency of inputs and results to stress testin and existing regulatory reporting deliveries.
• Close interaction and communication with Group and Business functions across risk, treasury and finance.
We are looking for someone who can demonstrate the following:
• Considerable professional experience in risk management in a Banking or Financial Services environment with a focus on the Basil II/III framework. Ideally you will come from a Stress Testing background, but we may also be able to consider candidates who have focused on credit risk modelling
• Strong quantitative background
• A high level understanding of a banking institution P&L, balance sheet, and capital management topics
• Experience in producing high quality documentation output
• Strong communication skills and experience of presenting quantitative topics
In return, we offer an excellent employee salary and 30% cash and benefit funding programme which can be tailored to suit your individual needs. In addition to financial benefits, we offer a wide selection of exclusive lifestyle offers, development and learning programmes, services and support designed to help you manage and balance your own work-life priorities.
Please note as part of our referencing process credit checks will be undertaken.
Group Risk is an independent function responsible for ensuring there is an appropriate risk governance framework on a Group wide and divisional basis, and that day-to-day risks are managed effectively within this framework. The management of risk is a fundamental activity which underpins the Group's reputation, performance and future success. Our specialist teams are; Credit Risk, Market and Insurance Risk, Regulatory and Operational Risk, and Risk Infrastructure and Analytics.
Credit Risk is responsible for managing credit risks and recommending risk appetite for RBS within an effective credit risk framework. The credit risk framework is the collective term for the governance structures, policy standards, control processes and infrastructure established to support the management of credit risk.
• Enhancing the Group's Stress Testing & Reverse Stress Testing methodology.
• Developing the linkage of Stress Testing to the Risk Appetite and Economic Capital frameworks.
• Supporting the linkage of Stress Testing to Portfolio Analytics to enhance strategic decision making and the risk management framework.
• Contributing to the Group and Legal Entity Reverse Stress Testing, including vulnerability analysis of key potential risks impacting the firm and it's balance sheet, quantification of reverse stress scenarios and documentation & presentation of results to Senior Management.
• Supporting firm-wide stress testing and ensuring it accurately presents results for the required scenario. This would entail conducting and assessing stress losses and Risk Weighted Assets & management actions across credit, market and operational risk.
• Undertake comprehensive analysis throughout the firm-wide stress testing cycle, and hold early discussions with relevant SMEs, on specific features of each stress scenario and its outcomes. The jobholder will be required to connect the inputs, scenario and results, and support and the preparation and delivery of a firm-wide stress test to Senior Management.
• As required, support other regulatory reporting requests from the FSA, EBA, Fed, US-SEC etc, and ensure consistency of inputs and results to stress testin and existing regulatory reporting deliveries.
• Close interaction and communication with Group and Business functions across risk, treasury and finance.
We are looking for someone who can demonstrate the following:
• Considerable professional experience in risk management in a Banking or Financial Services environment with a focus on the Basil II/III framework. Ideally you will come from a Stress Testing background, but we may also be able to consider candidates who have focused on credit risk modelling
• Strong quantitative background
• A high level understanding of a banking institution P&L, balance sheet, and capital management topics
• Experience in producing high quality documentation output
• Strong communication skills and experience of presenting quantitative topics
In return, we offer an excellent employee salary and 30% cash and benefit funding programme which can be tailored to suit your individual needs. In addition to financial benefits, we offer a wide selection of exclusive lifestyle offers, development and learning programmes, services and support designed to help you manage and balance your own work-life priorities.
Please note as part of our referencing process credit checks will be undertaken.
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