Job Description

The Risk Manager, Capital and Liquidity, a critical function within the Enterprise Risk team, reporting to the Head of Enterprise Risk, and will have material exposure to senior management up to and including the Board of Directors. The role has one direct report.


The role will support FCE across all of its European markets. Although FCE is primarily regulated by the UK FCA and PRA, in certain markets there are additional local regulatory requirements.


The Enterprise Risk team is predominantly a second-line function (2LOD) within the Lines of Defence model, providing advice to and independent assurance over first-line risk functions, in particular Treasury-related risks and planning activities (funding, capital, liquidity, interest rate, foreign exchange) and model risk. Its stakeholders include Board-level committees, Executive Committees, Risk committees, ALCO, Treasury, Analytics and Finance.

Key competencies:

Regulatory

Demonstrate proven experience of working within a regulated environment Have high-level of understanding of European and UK regulatory environment Demonstrate understanding of the importance of capital and liquidity assessments Banking, Credit and Financial Services Knowledge Retain and continually update industry knowledge Monitor sources of regulatory update information and ability to advise FCE on regulatory impact with regard to new laws and regulations that impact ICAAP, ILAAP and RRP

FCE Business and Controls

Provide challenge and advice on the application of risk and regulatory policies in FCE business units Understand FCE's business including UK and European locations, and the business impact of risk and regulatory policy Be knowledgeable on FCE's full range of products and services and current regulatory and market situation Maintain appropriate documentation of risk policies and procedures Identify FCE areas of risk. Suggest and implement appropriate metrics, monitoring processes and mitigating controls

Advisory

Business advisory experience with particular emphasis on providing risk and regulation focused advice to new projects or product development teams Apply risk and regulatory technical knowledge to advise the business effectively Understanding Business Risks Continually review the Risk Appetite Framework of FCE and ensure the policies and procedures mitigate the risks the business faces Identify business risks to FCE sourced from industry trends and knowledge

Communication and Management

Show ability to manage competing priorities and demands, including conflict resolution Be effective at managing time and priorities effectively Develop meaningful business relationships with FCE business units Demonstrate accountability for self and team Improve the outputs from individuals / teams that you work with Demonstrate proficiency at explaining, advocating and expressing facts and ideas in a variety of settings both orally and in writing

Essential Experience/Skills:

Expertise in banking-risk disciplines: Credit Risk, Market Risk, Operational Risk, Rate Risk Expertise in developing or validating stress testing models via an analytical position Management of business stakeholders and conflicting priorities Data science skills, including the application of data to support, review or challenge business decisions Pragmatic problem-solving capability Strong written and verbal communication skills, including the development and delivery of technical presentations for non-technical audiences, including senior committees Excellent Microsoft Office skills Excellent SAS, Alteryx and/or Excel VBA skills

Additional Information:

This is a UK position and applications will only be accepted from current UK permanent employees (FoB and FCE employees only).

The Company is committed to diversity and equality of opportunity for all and is opposed to any form of less favourable treatment or harassment on the grounds of race, religion or belief, sex, marriage and civil partnership, pregnancy and maternity, age, sexual orientation, gender reassignment or disability

If you are concerned about applying due to disability, please contact us; we're an inclusive team and would like to discuss what adjustments we can make to support your application.

This is a full-time role, however we are keen to encourage applications from applicants who work flexibly including job-share applicants, who would like to work with another job-share applicant to do this role (even if you currently do not have a job-share partner). The Job Share Connect tool allows you to create your profile and then find a job share match.

This position is based in Dunton and it is expected the successful candidate will be able to attend the Dunton office for typically 2 to 3 days a week and remain flexible on the days they are required to attend the office according to business requirements.

Note: Banking and Compliance training including fair treatment of customers is mandatory for all FCE employees. Necessary training will be given to any successful candidates that require it.

Capital Stress Testing (ICAAP)

Design, develop, maintain and perform the Pillar 2A capital (FCE) stress tests in line with the agreed corporate timeline and regulatory expectations. Develop and own ICAAP Pillar 2A models as required, in line with the Model Risk Management policy. Lead the development of Risk-related scenario-based stress testing through qualitative narratives and quantitative assumptions for use in ICAAP Pillar 2B, ILAAP, Recovery Plan and Solvent Exit Analysis. Develop and present Board-level material to ensure ICAAP Pillar 2A models and results are understood, challenged, approved and implemented appropriately. Communicate and raise awareness of the ICAAP to FCE business units to cultivate a risk culture and understanding of issues that impact capital. Participate in cross-functional teams with respect to FCE's strategic initiatives and business projects in order to assess and advise with respect to capital. Assist in the identification and assessment of risks to which the business is exposed, and help maintain and update the risk inventory to support the ICAAP. Provide challenge and 1LOD oversight of the ICAAP document and ICAAP Pillar 2B scenario-based stress testing (owned by Finance) as it pertains to the different. corporate views of FCE, its branches and subsidiaries. Support the development of risk strategy-related policy letters, policy statements and procedures in line with corporate standards and guidelines. Develop and maintain subject-matter expertise in respect to capital at risk and its quantification. Streamline operational processes to realise efficiencies, reduce operational risk and ensure timely delivery of ICAAP results to stakeholders. Support the development of capital stress testing for subsidiaries and branches as required by local regulation.

Liquidity Stress Testing (ILAAP)

Act as 2LOD over liquidity stress testing, modelling and strategy (ILAAP), developing a point of view and Risk opinion on liquidity risk appetites, adequacy, monitoring and reporting. Act as 2LOD for Treasury-related items that support liquidity modelling, including Funding Plan and Liquidity Plan, including performing formal reviews of quantitative methods as guided by the Model Validation Framework.

Recovery and Resolution (RRP)

Lead the development of regulatory Recovery Plan, Solvent Exit Plan/Analysis and Resolution Pack. Support with Treasury the development of the Liquidity Contingency Plan (LCP) and ensure that it is linked to the Recovery Plan. Design and implement LCP/Recovery Plan fire drills for the Executive team and Board in order to demonstrate that the priority, timing, quantification, impact and operational feasibility of LCP options and Recovery actions are practised and understood. Develop, implement and monitor Recovery Plan invocation early warning signs that align to and inform Risk Appetite tolerances.

Prudential Compliance

Represent Risk in the RCC-PM (Regulatory Compliance Committee - Prudential Matters) working group and lead (Risk) or support (Finance, Treasury) initiatives and work streams that ensure compliance with existing and newly proposed prudential regulation. Prepare and deliver information, progress and approval papers to the RCC-PM as required.

Finance Support

Provide support to Finance-led work streams with Risk overlaps, such as pricing, Pillar 3 disclosures, Business Model Overview document, Annual Report and Treasury-led disclosures to investors and rating agencies.

Enterprise Risk Support

* Support other Enterprise Risk activities, including Vehicle Residual Value Risk, Risk Management Framework, Risk Appetite Framework, Model Risk Management and ESG strategy.