Manager, Recovery & Resolution Planning

jobs.jerseyeveningpost.com-job boards; Neath, Swansea; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading financial services provider in the UK is seeking a Manager for Recovery and Resolution Planning. This full-time position involves preparing critical documents and performing impact analyses to ensure compliance with regulations. The successful candidate will collaborate with various business units and engage with the South African Reserve Bank to implement key regulatory strategies. Opportunities for professional growth and skill development abound in this dynamic environment.

Benefits

Opportunities for professional growth

Collaborative environment

Qualifications

• 5 to 7 years of experience in banking accounting, financial reporting, controlling, risk management, or regulatory reporting.
• 3 to 4 years of risk management experience in the financial services industry with understanding of BASEL requirements.
• Self-motivated with the ability to work independently.

Responsibilities

• Prepare documents for Recovery and Resolution Planning and perform impact analyses.
• Develop and maintain the Integrated Recovery Plan for SBSA and subsidiaries.
• Engage with senior leaders to draft recovery plans for financial difficulties.

Skills

Analytical skills

Communication skills

Organizational skills

Attention to detail

Ability to multi-task

Education

First degree in Business Commerce, Finance, Accounting, or Law

Postgraduate degree preferred

Job description

Our client is seeking a Manager for Recovery and Resolution Planning to provide subject matter expertise and guidance focused on assessing the potential financial impact of new and emerging regulations affecting the Financial Services industry. The role will involve identifying and delivering appropriate initiatives to fulfil the overall objectives and mandate of the function, with a specific focus on Recovery and Resolution Planning. The successful candidate will ensure that the business response to high-impact regulations is comprehensive, and that high-priority group initiatives are properly identified and managed. This full-time position demands collaboration across various business units to prepare crucial documents related to Recovery and Resolution Planning, while also performing impact analysis on relevant positions. The position involves substantial interaction with stakeholders, including the South African Reserve Bank, to facilitate compliance with regulatory requirements. The role also encompasses continuous assessment of recovery options under different stress scenarios, as well as the development and maintenance of integrated recovery plans.

Job Duties

• Prepare documents on Recovery and Resolution Planning (RRP) and perform impact analyses where appropriate.
• Develop, enhance, and maintain the Integrated Recovery Plan (IRP) for SBSA and other subsidiaries.
• Challenge the robustness of Recovery Plans and ensure adherence and completeness.
• Identify credible recovery options under various scenarios addressing capital shortfalls and liquidity pressures.
• Support the development of subsidiary Recovery Plans and monitor their status through the IRP Monitoring dashboard.
• Prepare for RRP Work Group, Group RRP Committee, and SARB meetings to facilitate informed decision-making.
• Monitor developments on Recovery and Resolution Planning set by international standard-setting bodies.
• Provide guidance to the SBG leaders on identifying options to recover financial strength under severe stress.
• Conduct international benchmarking on Recovery and Resolution Planning to improve response capabilities.
• Engage with the South African Reserve Bank to understand regulatory requirements and provide guidance.
• Assist in adopting and implementing Resolution Planning regulations across SBG and subsidiaries.
• Drive the submission of necessary information to the Resolution Authority as part of the Resolution Plans.
• Collaborate with senior leaders to draft recovery plans for possible financial difficulties.

Job Requirements

• First degree in Business Commerce, Finance, Accounting, or Law is required; Postgraduate degree preferred.
• 5 to 7 years of experience in banking accounting, financial reporting, controlling, risk management, or regulatory reporting is essential.
• 3 to 4 years of risk management experience within the financial services industry; a thorough understanding of BASEL requirements is required.
• Exceptional analytical skills and the ability to communicate effectively across various functions and levels.
• Strong organisational skills, attention to detail, and multi-tasking abilities.
• Self-motivated with the capability to work independently and manage stress efficiently.

What You’ll Love

This role provides a fantastic opportunity to contribute meaningfully to maintaining the financial resilience of the organisation. You will thrive in a collaborative environment, engaging with various stakeholders, and be at the forefront of implementing key regulatory strategies. Opportunities for professional growth and skill development are abundant within the organisation, which values innovation and compliance in the financial services sector.