Stress Testing Role - Wholesale Banking

Wholesale stress Testing

Purpose of the role :

Reporting to the Head of Stress Testing Execution, the Wholesale Credit Risk Stress Testing Manager is responsible for :

- Supporting the execution of budgetary and strategic planning cycle stress testing and regulatory stress tests (PRA, EBA etc.)

- Delivering Stress Testing Execution across all functions and disciplines as required, including Retail, CCR, PBIL, Secularization, with primary focus on Wholesale.

- Independent monitoring and control function for stress testing output across The Banks Group.

- Operating within the Group Policy Standard for the Stress Testing Policy Standard as part of identify and managing our Firm Wide Risk.

- Interacting with the Business to improve their understanding of their roles and responsibilities in terms of Stress Testing

- Support the Head of Stress Testing Execution to embed the Stress Testing Centre of Excellences (COE)

- Provide support in setting the agenda for the Group's firm-wide stress testing and portfolio analytics activities.

- Driving Regulatory framework changes relating to Stress Testing; working closely with Business and Senior Management to ensure fit for purposes methodologies for key portfolios of interest.

- Work in close collaboration with regulators to determine wholesale stress test requirements to meet prescribed methodologies and model requirements; act as point of contact with regulatory supervisory teams for Stress Testing Execution.

Deliverables :

- Delivering the execution of budgetary and strategic planning cycle stress testing and regulatory stress tests (PRA, EBA etc.)

- 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.

- Connect the inputs, scenario and results, and support with the preparation and delivery of a firm-wide stress test to the Head of Stress Test Execution.

- Supporting firm-wide stress testing and ensuring it accurately presents results for the required scenario, including conducting and assessing stress losses and Risk Weighted Assets & management actions across wholesale credit, market and operational risk.

- Determine model requirements to deliver prescribed stress tests; In collaboration with wholesale stress test model development team requirements.

- Participate in dialogue across three lines of defence on stress methodologies, results and evidence deliverables for wholesale credit.

- Support the delivery of challenge and results communications packs to banks Board and various senior Risk and Business stakeholders.

- Work with businesses and SMEs to drive consistency of methodology and assumptions across wholesale.

- As required, support other regulatory reporting requests from the FSA, EBA, Fed, US-SEC etc, and ensure consistency of inputs and results to stress testing and existing regulatory reporting deliveries.

Experience/ Qualifications :

Essential :

- 4+ years professional experience in risk management or in a Banking environment

- 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

- Posses significant knowledge of stress testing, and cross-risk disciplines (Market Risk, Operational Risk, etc.)

- A good understanding of external regulations and their impact on stress test methodologies and business portfolios

- Strong experience of wholesale credit portfolio modelling in major banks or rating agencies

- Hold a degree in quantitative discipline

Desirable :

- Good understanding of the Basel II/III framework

- Experience in establishing, tracking and meeting of project management objectives

- A broad understanding of accounting treatments

- Additional qualifications such as PhD, MBA, CFA, FRM or ACA (and equivalents)

Other Significant Role Requirements :

- A good understanding of stress testing, credit risk, market risk, and its processes.

- Understanding of banks stress testing infrastructure

- Good analytical problem solving skills in a banking, financial markets or consulting environment.

- Strong verbal and written communication skills, with an ability to explain analytical issues and synthesize complex analyses in a form that is appropriate for management interactions

Scope of Role :

The Wholesale Credit Risk Stress Testing Manager will interface with the following stakeholders or parties (Internal or External) :

- Head of Enterprise Wide Risk Management and other EWRM Heads

- Head of Stress Testing & Risk Capital

- Heads of Risk

- Risk Functional Heads

- Functional Leads (SMEs) in GIA, Finance & Treasury

Technical Knowledge :

- Significant experience in determining and undertaking stress testing concepts

- Experience of risk management within complex business functions

- Experience in the adaption and embedding of capital analytics and communicating capital outcomes to stakeholders

- 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.