Global Bank based in the City of London is currently hiring a Capital Reporting New Products Approval Lead. This role has been created through Internal Progression and will be a key face-off for the business, acting as liaison between the BAU reporting teams and the front office, on all new products with the opportunity to progress into other lines business.
Responsibilities:
- Develop and drive the strategy for the Capital team that fits in with the overall regulatory change landscape and aligns to targets under the operational risk framework.
- Driving a team with multiple, diverse and senior stakeholders, obtaining buy in where necessary and effecting improvements to existing policy and processes.
- Review of new products and renewals, across Financial Markets and all other subsidiary businesses
- The role will be a key face-off for the business, acting as liaison between the "business as usual" reporting teams and the front office, on all new products.
- As leader of the Capital side of the team, responsibilities include ensuring the review portfolio is on track with issues highlighted early to Finance management and the Desk, and providing regular communication to the wider reporting teams on pipeline and expected impact on metrics.
- Review of booking model amendments proposed
- Review of significant complex structured transactions
- Review of new payoffs
- Establish and understand technical regulatory capital treatment, with Treasury Policy as needed
- Establish how the Desk proposed booking model achieves required outcomes and agree any changes needed
- Assess impact of proposal on the Bank's metrics and ensure Desk are aware if detrimental in scarce resources or costs and advise the Desk on any economic product changes which could provide more beneficial regulatory capital treatments.
Requirements
- Qualified Accountant - Highly Preferred but not essential
- Prior Capital Reporting Experience from a Banking Environment - Essential
- Experience in the new products approval process within capital - Ideal
- In depth understanding of Capital products and how they impact regulatory metrics, reporting and associated controls.
- Expertise in relation to the regulatory capital calculations, including current and future rules and regulations and how they apply to.
- Financial Markets product expertise, experience of assessing new products for regulatory reporting requirements.
- Expertise in systems and processes used to generate regulatory metrics, particularly with experience in change projects focused process enhancements
This Role involves regular interaction with key stakeholders internally and externally and therefore requires excellent interpersonal and stakeholder management skills. The role offers realistic progression to a Director role in the future and hybrid flexible working environment.
Eames Consulting is acting as an Employment Agency in relation to this vacancy.
