Join us as an Internal Capital Adequacy Assessment Process (ICAAP) Core Bank Manager
We're looking for someone to help us with the delivery of our internal capital adequacy assessment process (ICAAP) and oversee subsidiary and legal entity capital assessments
You'll have a tangible input into the bank's capital strategy, influencing both the regulators assessment of capital, and also the internal calibration of capital planning targets
This is an opportunity to take on a role that'll bring a competitive edge to your career profile as you solve new problems and create smarter solutions in an innovative environment
What you'll do
The daily responsibilities of this role will include the design and execution of the ICAAP through the review, challenge and validation of submissions by the relevant stakeholders across the bank. You'll drive analytical support in risk quantification under pillar 2A and pillar 2B capital assessments and aggregation at our organisation and legal entity level, while managing pillar 2A technical reviews before consolidating the results. You'll be coordinating pillar 2B capital assessments and buffer calculations, making sure that results are appropriately critiqued and included in ICAAP. You'll also consolidate and edit ICAAP documents while following up with ICAAP stakeholders after the documents' review.
In addition, you'll be supporting the design, driving the delivery and preparing the documentation for the ICAAPs in line with emerging best practices. We'll also look to you to manage the framework processes and make sure that the tools necessary to identify and control material risks are in place to inform the capital plans and strategic planning. You'll be driving regulatory framework changes relating to ICAAPs, and working closely with senior management to introduce methodologies for key specialisms.
Furthermore, you'll be responsible for:
Building productive relationships with all ICAAP stakeholders and supporting the head of the team's interactions with Risk, Finance and other business and franchise representatives
Preparing ICAAP communication packs for the board and other stakeholders to drive delivery, documentation and the challenge of methodologies, assumptions, outcomes and implications
Monitoring the progress of the ICAAP project plan, key program milestones and deliverables, and the tracking and resolution of risks and issues
Continuous maintenance of the bank's capital requirements, both regulatory and internal, with awareness of capital drivers from a variety of perspectives
Periodic recalibration of internal capital risk appetites, limits and planning targets
Collaboration with broader balance sheet management, treasury and key stakeholder teams to deliver holistic approach to wider treasury strategic initiatives and areas of focus such as capital, funding, liquidity and similar
The skills you'll need
We're looking for someone with a successful track record of project delivery, including the ability to work flexibly, adapt to changes in priorities, and manage project deadlines. This will require good organisational skills including the ability to manage large quantities of complex quantitative and qualitative information. Excellent written skills will also be needed to consolidate and edit ICAAP documents.
It'll be beneficial if you have experience in capital or management within a large financial institution or with a local regulator or consulting firm, with knowledge of risk practices and systems and business management, as will be an understanding of capital regulations and their impact on ICAAP methodologies and businesses, risk concepts and principles and risk methodologies across all asset classes. Knowledge of stress testing methodologies that are necessary to produce results will be ideal.
You'll also need:
Experience of effectively engaging with stakeholders across all risk disciplines, including senior executives and risk subject matter experts and in finance and treasury functions
Report writing and presentation skills with experience of producing quality documents for senior executives and senior committees
The ability to simplify complex and conflicting tasks and policy positions, making sure that these are effectively managed and communicated
