Who we are looking for
We are currently looking for a Manager to join our Financial Services Regulatory Insights (FSRI) team. The role is to support our banking clients in navigating regulatory change, with a focus on prudential regulation.
The role will provide an opportunity to develop your technical knowledge across a range of topics and your wider industry knowledge, to support a broad range of clients across the banking and investment firms' markets. It offers a unique mix of client work, market profile activities, regulatory engagement and proposition incubation and would provide a valuable cycle of experience for anyone looking to progress in the firm.Who we are
FSRI acts as the 'engine room' of our FS risk and regulatory practice, supporting client teams in areas of risk and regulatory expertise, often acting as deep subject matter specialists.
We track new developments that will affect our clients, and engage with a wide range of stakeholders including regulators in the UK, EU and supranationally. We focus on emerging trends in risk and regulation, seeking to develop early points of view and thought leadership. We take a forward-looking view to new risk and regulatory issues, develop a deep understanding of the potential implications and use these insights to engage with clients and our client teams.
Through these activities we develop the relationships, knowledge and skills to help clients with the important challenges they face. We work with a broad range of teams XLoS to support our clients, bringing a deep understanding of clients' business and operational models, as well as the wider issues affecting their businesses and the industry.
Our team includes experts who cover asset and wealth management, banking and capital markets and insurance. The team includes risk, regulatory, legal and compliance professionals from a wide range of backgrounds including people from industry, auditors, lawyers, economists, industry bodies and policy makers and regulators. Who we are looking for
With the current pace of innovation, the impact of COVID and Brexit, climate change and the wider ESG agenda, we are entering a period of unprecedented regulatory change. We are looking for ambitious and driven individuals with a strong background in regulation, who are looking to enhance their regulatory knowledge to be at the forefront of this change.
The FSRI team has a key role to play in ensuring that PwC is known in the market as the best in class risk and regulatory practice, in interacting with players in the UK, EU and global financial services industry and in supporting the services we offer to our clients. Requirements
- Supporting clients and client delivery teams with industry and technical expertise on prudential matters for banks and investment firms
- Occasionally acting as subject matter expert on engagements
- Undertaking horizon scanning activities and identifying potential new opportunities for the firm
- Contributing to the work of FSRI focusing on new regulatory developments, wider themes and regulators' policymaking, supervisory and enforcement activities
- Producing written analysis and information including internal briefings, client publications, marketing materials, website content, press releases, etc.
- Conducting technical research, training, speaking at client events, responding to consultation papers from relevant regulatory bodies etc.
- Providing input to the debate on development and application of policy, participating in developing Thought Leadership
- Engaging with regulators and policy makers on areas of expertise, and supporting the activity of FSRI's wider regulatory relations team.
The ideal candidate would have demonstrable experience in banking prudential regulation, with particular focus on CRR/ CRD IV, CRR II/ CRD V and Basel IV, EBA standards and the PRA's approach to prudential supervision. The candidate should be able to identify how risk and regulatory challenges will impact clients, as well as an awareness of the wider issues affecting this sector. Previous regulatory experience, including an understanding of policy making and supervisory priorities is key.
The following skills are required for this role:
- Deep technical grounding in banking prudential issues, especially capital and/or liquidity related, with expertise in risk weighted capital requirements, leverage ratio, LCR, NSFR and related areas such as TLAC included in Basel/CRD and EBA standards
- Knowledge of the banking sector, including the typical business and operational models of clients in this sector
- Broad knowledge of UK and EU regulatory and supervisory structure, the regulatory development process for financial services and the current EU regulatory agenda
- Experience of advising on PRA principles, rules and regulatory processes
- Excellent technical, delivery and communication skills including using social media and other technology
- Strong organisational and interpersonal skills
- Ability to prioritise tasks and meet deadlines
- Ability to make new contacts, build strong relationships with clients and regulators, listen to and understand client needs
- Desire and ability to interpret regulatory changes into new opportunities to assist clients, drawing on wider geopolitical, technological and demographic issues.
- Experience working with a UK or equivalent overseas regulator.
- Knowledge of the investment firms' sector is a plus.
We're a leading provider of trust in the digital world - in the eyes of our people, our clients and our stakeholders. Today's business environment is different. More complex. More connected. Companies not only face new and unknown risks, but also new and untapped opportunities. Our team is at the forefront of this change, join us to be a part of transforming how risk is perceived and capitalised on.Not the role for you?
Did you know PwC offer flexible contract arrangements as well as contingent work (ie temporary or day rate contracting)?The skills we look for in future employees
All our people need to demonstrate the skills and behaviours that support us in delivering our business strategy. This is important to the work we do for our business, and our clients. These skills and behaviours make up our global leadership framework, 'The PwC Professional' and are made up of five core attributes; whole leadership, technical capabilities, business acumen, global acumen and relationships.
Learn more here: www.pwc.com/uk/careers/experienced/applyThe Deal
We want all of our people to feel empowered to be the best that they can be, which is why we have 'The Deal'.
Find out more about our firmwide Employee Value Proposition: https://www.pwc.co.uk/careers/about-us/the-new-deal.htmlDiversity
Valuing Difference. Driving Inclusion.
We work in a changing world which offers great opportunities for people with diverse backgrounds and experiences. We seek to attract and employ the best people from the widest talent pool because creating value through diversity is what makes us strong as a business, enabling us to solve important problems and deliver value to our clients. We encourage an inclusive culture where people can be themselves, are valued for their strengths and are empowered to be the best they can be. As an organisation with an increasingly agile workforce, we also support different ways of working offering flexible working arrangements. Learn more here about our work to support an inclusive culture.