Stress Testing Manager, Structured Credit (8 months)

• This is an opportunity to live our purpose by helping us support the people, families and customers that we serve to thrive, even in the most stressed market conditions
• You’ll be making sure that our stress testing activities are well governed and guided by clear, well-detailed processes, analytics, policies and methodologies
• It’s your chance to make an important impact through your work and gain unique experience that will elevate your professional profile
• We're offering this role for a period of eight months

What you'll do

As a Stress Testing Manager on Structured Credit assets, you’ll steer and shape our stress testing activities by making sure that the processes and tools we have in place are effectively and exhaustively identifying and quantifying material risks to our organisation.

One of the key areas where you’ll add value through your work is our Internal Capital Adequacy Assessment Process (ICAAP). Completed on an annual basis, you’ll be designing, documenting and coordinating this process and managing its delivery to provide a point-in-time assessment of our exposures and risks at the end of each financial year, together with a forward-looking stress capital assessment.

Day to day, you'll be:

• Driving regulatory framework changes and embedding robust governance and controls to continuously enhance our ICAAP capability
• Engaging with local regulators to build a deep understanding of the review and evaluation process, and making sure our own process addresses these factors
• Liaising with our Corporate Strategy and Finance teams to identify and evaluate recovery options based on the outcome of stress tests
• Scrutinising, validating and challenging the outputs of ICAAP on Structured Credit assets and producing financial analysis ahead of its approval by the board and submission to the PRA
• Clearly and concisely explaining the results of bank-wide stress testing activities in communication packs for the board, various committees and senior stakeholders

The skills you'll need

This role calls for an experienced risk management professional, and you’ll demonstrate this through your broad knowledge of various cross-risk disciplines, principles, and methodologies. You'll bring a deep appreciation of our operating environment too, honed through your experience working in a large financial services organisation, local regulator, or consulting firm.

You’ll also need:

• Knowledge of various risk models, economic capital, and stress testing concepts and methodologies on Structured Credit such as Securitisation and Covered bonds
• Experience of executing stress testing analytics to Structured Credit assets and effective risk control frameworks
• A good understanding of regulatory capital requirements, Assets Models and assessment practices
• Knowledge of various technologies used in a banking environments such as AWS and Python
• Stakeholder management experience
• Excellent communication and collaboration skills