Regulatory Policy Manager

Goodman Masson; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a regulatory expert to lead the interpretation of credit risk regulations. In this role, you will engage with senior management and collaborate with global teams to ensure compliance with evolving regulatory standards. Your expertise in wholesale banking and regulatory policy will be crucial as you navigate the complexities of credit risk management. This position offers a unique opportunity to influence policy and work with stakeholders across the organization, making it an exciting challenge for those passionate about the financial sector.

Qualifications

• Experience in wholesale banking and credit risk regulations is essential.
• Strong communication and project management skills required.

Responsibilities

• Lead regulatory interpretation of credit risk requirements.
• Collaborate with global teams on policy matters.
• Ensure compliance with regulatory requirements.

Skills

Experience in general or wholesale banking

Knowledge of credit risk regulations

Experience in regulatory capital policy

Experience dealing with regulators

Understanding of risk modelling process

Excellent written and verbal communication

Ability to lead and manage projects

Flexibility to work in an international team

Influencing skills

Job description

Responsibilities:

Role Purpose

The role holder will lead on regulatory interpretation of regulatory requirements for credit risk, including the internal ratings based approach (IRB). As well as lead the review and response to proposed rulemaking by regulators designed to address the changing environment that banks operate within, such as regulatory developments for:

• Basel 3.1;
• Climate risk;
• Artificial intelligence/machine learning (AI/ML).

As a global team, the role holder will be required to work with colleagues across the globe to understand the implications the rules will have on our businesses. Specifically, the role requires close collaboration with modelling teams, wholesale credit risk management and the business to provide guidance on policy matters, such as regulatory requirements for model development.

The role holder will have direct interaction with senior management on policy topics. This role will act as the Second Line of Defence for Wholesale internal ratings based (IRB) models to ensure they satisfy regulatory requirements.

In this role, you will:

• Review and opine on existing and proposed regulatory policy on wholesale credit risk.
• Lead the process to develop regulatory interpretations and policy opinions, including clear communication of the latest external regulatory developments to customers / stakeholders.
• Undertake line by line traceability mapping of regulatory articles to interpretations and advise implementation owners on the regulations to facilitate compliant application.
• Ensure consistent and accurate communications to our regulators.
• Support the engagement with the Prudential Regulatory Authority and industry trade bodies on regulatory policy and permissions topics.

Skills:

• Experience in general or wholesale banking including Commercial Banking, Global Banking & Markets or Wholesale Credit Risk.
• Good knowledge of the regulatory landscape particularly relating to credit risk regulations, IRB risk model permissions or previous experience in a Regulatory Capital policy function.
• Relevant working experience in a bank, rating agency, consultancy or advisory firm is desirable.
• Experience of dealing with regulators is advantageous.
• Some understanding of statistics and concepts of the risk modelling process would be advantageous.
• Ability to lead, manage and successfully deliver within the agreed time scale, in liaison with all relevant stakeholders: model owners, business, finance, senior management and regulator.
• Excellent written and verbal communication skills are mandatory.
• Manages self to deliver own work within timelines.
• Flexibility to work with colleagues and key stakeholders in an international team.
• Influencing skills are required as many resources will not report to the jobholder.

If interested please apply. Alternatively, email [e-mail]

In our company values we aim for equity at all stages of the recruitment process, please let us know if we can do anything to make the process more accessible to you.