Job Description

Basic information

Location

London

Business Line

Audit & Assurance

Date published

23-Apr-2025

Req #

18604
Job description

Connect to your Industry

Our Assurance practice encompasses skills across regulation and finance with a deep analytics capability. We harness these to provide Assurance to those charged with governance, serving the public interest. Working in Assurance means you will have an opportunity to work alongside leading experts, as we help build and enhance trust between businesses and the public, by responding to emerging issues and protecting the public interest. Providing assurance to help businesses become more resilient, agile and better prepared for the future.


To be resilient, businesses must be ready to respond to current and future challenges and opportunities. They are increasingly being required to be more transparent with their reporting, to drive trust and confidence in the market, and protect the wider public interest.


Assurance builds, maintains and develops confidence. We provide independent assurance by assessing the risks and underlying processes, providing conclusions as to which risks are being managed and mitigated in line with the business' appetite for risk. Deloitte's assurance offerings help those charged with governance to understand their business and build trust amongst key stakeholders and regulators.

Connect to your career at Deloitte

Deloitte drives progress. Using our vast range of expertise, we help our clients' become leaders wherever they choose to compete. To do this, we invest in outstanding people. We build teams of future thinkers, with diverse talents and backgrounds, and empower them all to reach for and achieve more.


What brings us all together at Deloitte? It's how we approach the thousands of decisions we make every day. How we behave, our beliefs and our attitudes. In other words: our values. Whatever we do, wherever we are in the world, we

lead the way

,

serve with integrity

,

take care of each other

,

foster inclusion

, and

collaborate for measurable impact

. These five shared values lead every decision we make and action we take, guiding us to deliver impact how and where it matters most.

Connect to your opportunity

The Prudential Regulatory Assurance Team is a national team of regulatory experts covering the provision of Prudential Regulatory Assurance services across several core disciplines including capital, liquidity, regulatory reporting, recovery planning and wind-down, public disclosures, stress testing, credit and market risk frameworks, risk appetite and risk management frameworks and interest rate risk in the banking book.


As a member of the team, we will provide you with ongoing support to allow you to grow as a leading specialist in your field.


We are looking for someone who is interested in learning and working across a variety of subject matter that may change with emerging regulatory frameworks. Our ideal candidate will be happy to work across the financial services sector, including banking, investment management and the payments sector.


The work conducted by our Regulatory Assurance Team is varied and so are the responsibilities of team members. We do not expect candidates to cover all of the below responsibilities however responsibilities may include some of the below:

Working on a portfolio of client engagements simultaneously, managing internal and client stakeholders' expectations Helping clients to anticipate and assess the impact of regulatory change Providing clients with practical and technical advice on specific elements of the prudential regulatory framework applicable to Banks and FCA MIFPRU and other regulated entities, including within the EU under the CRR/CRD regulations Undertaking specialist reviews of core regulatory capital/liquidity/leverage calculations, ICAAP/ILAAP documentation and gap analysis of regulatory compliance Assisting clients in preparing for, and/or addressing follow ups arising from, PRA/FCA/ECB interactions, including SREP/L-SREP themed visits, and in preparing applications for PRA/FCA/ECB authorizations or variations in permissions Benchmarking clients prudential regulatory frameworks compared with peer/industry practice Providing subject matter expertise, advice and recommendations on the above topics to help clients anticipate, assess and respond to regulatory requirements; Developing your critical thinking and other analytical skills in explaining regulatory expectations and their impact for clients, including through: + Reviewing and inputting into the enhancement of policies, procedures and other work products; and
+ Completion of Deloitte reviews.
Engaging and work effectively in a wide range of teams and alongside subject matter experts across Deloitte to provide clients with the expertise to best meet their needs.

Connect to your skills and professional experience

Prudential Regulation is a broad subject matter and therefore we expect that candidates looking to apply for this opportunity will have detailed technical knowledge in one or more areas combined with practical experience in the Prudential Regulatory environment in the financial services industry or the payments sector. This may be from working in another Consulting firm, previously having worked as an Auditor, having been a regulator for financial services firms or having worked in the industry within a regulatory policy, finance, risk, internal audit or regulatory reporting role.


Practical experience in one or more of the following areas is expected:

Liquidity risk management, ILAAP, liquidity regulatory reporting (e.g. NSFR, LCR, PRA110) Regulatory Capital Rules (CRR), Capital management, capital forecasting or ICAAP Regulatory Reporting Stress testing Credit or Market Risk Management Frameworks Risk Appetite and Risk Management Frameworks Interest Rate Risk in the Banking Book Recovery and Resolution Planning or Solvent wind-down Investment Firm Prudential Regime Knowledge of the latest regulatory developments in relation to Basel, CRR3/CRD6, UK PRA (e.g. Basel 3.1) and FCA prudential policy and key current prudential issues facing regulated firms, including the New Prudential Regime for Investment Firms, CRR 2/CRD V and Basel IV E-money and payment services institutions (or adjacent firms such as digital banks/other FinTechs), including but not limited to: the Payment Services Regulations, E-Money Regulations, European Banking Authority Guidelines, and relevant components of the FCA Handbook/Approach Document Governance, risk or other types of operating frameworks;
Our ideal candidate will:


Work effectively in a diverse team within an inclusive team culture where people are recognised for their contribution Have a proven track record in working effectively in a team and managing priorities/deliverables on a range of projects Have an ability to prioritise and manage projects/stakeholders effectively, with experience of the consulting/ audit engagement lifecycle and quality agenda Have an ability to deliver a high-quality service and build client relationships

Connect to your business - Audit & Assurance

We know it's not just about the numbers. Often, we let the technology take care of those. It's about the creative and collective thinking or our people. That's where the true insight is found. We're redefining the future of audit. Come join us.

Audit

Our independent audits help to build trust and confidence, equipping the companies we audit and their stakeholders to make better informed decisions based on meaningful information. By combining the latest audit tools, technologies and procedures to deliver high quality audits, we're able to deliver work we are truly proud of.

Personal independence

Regulation and controls are standard practice in our industry and Deloitte is no exception. These controls provide important legal protection for both you and the firm. We are subject to a number of audit regulations, one of which requires that certain colleagues abide by specific personal independence constraints (e.g., in relation to any financial interests and employment relationships). This can mean that you and your "Immediate Family Members" are not permitted to hold certain financial interests (shares, funds, bonds etc.) with audit clients of the firm, and also prohibitions on certain employment relationships (e.g., you are not permitted to hold a secondary employment role with SEC audit clients of the firm whilst being employed by the firm). The recruitment team will provide further detail as you progress through the recruitment process or you can contact the Independence team upon request.

Connect with your colleagues

"Deloitte is known for its flexible working environment and the support it offers to new parents. As a first-time mother I was a bit nervous joining the team, but the people around me have made it easy for me to manage my career around personal commitments. "


"I assumed the culture would be very corporate, however, I have worked with people who have different personalities and approaches to the way they work. We do have a clear brand, but everyone is encouraged to be themselves."


Alice, Audit and Assurance
"The team I support works with one of Deloitte's biggest clients. To be involved with such an influential client so early in my career is really rewarding; I love it."


Owen, Audit and Assurance
The progression at Deloitte is steady and I've always felt in control of my own career path. You can learn something new here every day which I really enjoy.


Ali, Audit and Assurance

Our hybrid working policy

You'll be based in London with hybrid working.


At Deloitte we understand the importance of balancing your career alongside your home life. That's why we'll support you to work flexibly through our hybrid working policy. Depending on the requirements of your role, you'll have the opportunity to work in your local office, virtual collaboration spaces, client sites and remotely. You'll get the chance to meet face to face when needed, while you collaborate and learn from colleagues, share your experiences, and build the relationships that will fuel your career and prioritise your wellbeing. Please check with your recruiter for the specific working requirements that may apply for your role.

Connect to your return to work opportunity

Are you looking to return to the workplace after an extended career break?


For this role we can offer coaching and support designed for returners to refresh your knowledge and skills, and help your transition back into the workplace after a career break of two years or more. If this is relevant for you, just let your recruiter know when you make your application.

Our commitment to you

Making an impact is more than just what we do: it's why we're here. So we work hard to create an environment where you can experience a purpose you believe in, the freedom to be you, and the capacity to go further than ever before.


We want you. The true you. Your own strengths, perspective and personality. So we're nurturing a culture where everyone belongs, feels supported and heard, and is empowered to make a valuable, personal contribution. You can be sure we'll take your wellbeing seriously, too. Because it's only when you're comfortable and at your best that you can make the kind of impact you, and we, live for.


Your expertise is our capability, so we'll make sure it never stops growing. Whether it's from the complex work you do, or the people you collaborate with, you'll learn every day. Through world-class development, you'll gain invaluable technical and personal skills. Whatever your level, you'll learn how to lead.

Connect to your next step

A career at Deloitte is an opportunity to develop in any direction you choose. Join us and you'll experience a purpose you can believe in and an impact you can see. You'll be free to bring your true self to work every day. And you'll never stop growing, whatever your level.


Discover more reasons to connect with us, our people and purpose-driven culture at deloitte.co.uk/careers


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