Analyst - Stress Testing - Risk & Control - Bank

Role : Stress Testing Risk & Control Analyst

ST25/ST26 Business Function : Enterprise Risk Management

Reports to : Head of Stress Testing Control Management

Business Division : Enterprise Wide

Purpose of the role :

Reporting to the Head of Stress Testing Control Management, the Stress Testing Risk & Control Analyst is responsible for :

- Working in close collaboration with SMEs and Heads Of Stress Testing to build and implement effective end-to-end processes, governance & controls covering the full Stress Testing process, including controls assessment for data, assumptions, models, processes, reports and documentation.

- Supporting the embedding of a Stress Testing Centre of Excellence (COE) and driving the delivery of stress testing capability improvement initiatives.

- Management of work packages in the support of Regulatory framework changes relating to Stress Testing, ICAAP & Capital Analytics, working closely with Business and Senior Management to ensure fit for purposes design, clear roles & responsibilities, production of plans and management of communications amongst stakeholders.

- Interaction with key senior internal and external stakeholders to ensure that stress testing outcomes are justifiable and represent a consistent link to the banks strategy

Deliverables :

- This role reports directly to the Head of Stress Testing Control Management and is an Appointed level appointment.

- The role will include exposure to multiple franchises / businesses within the Bank and be involved in the processes that are used across all functional areas to generate forward looking projections.

Responsibilities include :

- Support the development of the risk mapping of each of the stress testing processes and controls

- Support the generation of control analytics used to review reasonableness

- Maintenance of control log for stress testing exercises

- Assist with controls and stress testing MI

- Identifying risk in the processes and the support with mapping appropriate controls

- Develop the understanding between work-streams of the key data and review interactions to avoid inconsistency and error in the projections

- Active team work with fellow colleagues to deliver effectively and efficiently on the agreed strategic plan

- Maintenance of control evidence to share-point

Critical People Standards required for the role :

Build Trust - I communicate openly and positively. I use my skills and knowledge to earn trust and build relationships with my colleagues and customers.

Focus on Customers - I understand the impact of my role and I take responsibility for making sure that everything I do will support or benefit our customers.

Enable others to succeed - I work with my colleagues to set clear direction and deliver individual and organisation-wide success.

Collaborate with others - I look for opportunities to work with colleagues and across teams to deliver the best solutions for our customers and the Bank.

Act with integrity - I act honestly, ethically and reliably, and I use our values to guide the way I do things.

Deliver lasting results - I consistently deliver high quality work that supports our long term goals. I always look for and try out ways to improve things.

Learn and adapt - I believe learning and development can help me. I am confident and positive about dealing with change and challenge.

Other Significant Role Requirements :

- Contribute to best practice dissemination through appropriate communication both within stress testing and the wider Bank.

- Promote the image of stress testing

Scope of Role :

The Stress Testing P&C Analyst may be expected to interface with the following stakeholders or parties :

- Senior Risk, Finance and Treasury stakeholders

- Franchise businesses

- Risk Governance

- Risk Transformation

- Internal Audit

Technical Knowledge :

Essential :

- Good financial analysis skills and good understanding of risk issues

- Strong experience of working in Regulatory Reporting / Stress testing / Risk Reporting

- Strong experience of automating data and producing relevant MI

- Good understanding of the Enterprise Wide Risk (credit risk/Operational Risk & Market Risk) processes

- Good understanding of data collection/analysis/sampling techniques and trend analysis

- Good technical skills including MS Excel, Power-point and Word. VBA and SAS would be preferable but not essential

People Management : N/A

Financial Management : N/A

Risk Management :

2nd Line of Defence :

- Actively consider the inherent, material risks of the business/ organisation. They should analyse the risk profile and seek confirmation that the risks are being appropriately identified. Assessed and mitigated to the desirable level (Risk Appetite).

- Establish and deploy robust risk and control frameworks which meet the strategic needs of the group, including communication, training and awareness.

- Provide Expert support and advice to the business on risk management. This includes interpreting and complying with the risk policy standards and risk management framework.

- Conduct suitable assurance to ensure 1st line compliance with policies/ responsibilities.

- Provide senior executive with relevant management information and reports, escalate concerns where appropriate.

Conduct Risk :

To be accountable for ensuring you understand, uphold and promote the Conduct risk standard pillars :

- Employee Conduct

- Corporate Conduct

- Market Conduct

- Conduct towards our customers

Operating Disciplines and Controls : Establish and maintain operations, controls, risk assessments and assurance programmes, monitoring of risk and controls to identify, assess and manage any material risks which may arise.

Risk Culture : Set the tone from the top by promoting appropriate business and risk aware behaviours and requiring compliance with all statutory and regulatory requirements and banks Group policies

Business Continuity : Ensure adequate Business Continuity plans are maintained and tested for Risk Substantiation and wider Enterprise Risk Management team.