Job Description

TCM Manager

About the Job

Capital Management and Reg Reporting has four key activities:-

Capital Reporting and Stress Testing is responsible for the calculation and reporting of the Bank's capital position as well as all prudential returns to the PRA and Bank of England covering capital, large exposures and leverage, as well as various internal MI packs (ALCO, Treasury & Capital Management (TCM)/GM meetings and inputs into various Board papers). Governance of all local reporting requirements is exercised via the quarterly RegGov forum.


Budgeting, forecasting and stress testing encompasses the monitoring and management of capital supply and demand over the planning horizon, and parameterising and running periodic stress tests to assess the firm's capital position under severe but plausible market scenarios.


The team also takes ownership of key annual documents including ICAAP, RRP and Solvent Exit Analysis, and manages the Contingency Escalation frameworks, with input into the Business Contingency Management team for that framework.


Liquidity and Head Office Reporting is responsible for the calculation and reporting of the Bank's liquidity position as well as all prudential returns to the PRA and Bank of England covering, liquidity, NSFR and asset encumbrance as well as various internal MI packs (ALCO, TCM/GM meetings and inputs into various Board papers).


Governance of all local reporting requirements is exercised via the quarterly RegGov forum.


The function is also responsible for the provision of regulatory information to ICBC Head Office ALM, MID and Risk Management departments in Beijing for their consumption and to support onwards submission of returns to the National Financial Regulatory Administration (NFRA).


TCM Control and Change assumes ownership of all capital and liquidity reporting systems with responsibility for RTB and CTB change management of these systems. This includes management and prioritisation of IT resource and release cycles to deliver regulatory driven system changes and accommodate new business activities (i.e. NPSTAC support). The term "TCM" refers to "Treasury and Capital Management", as the team supports Corporate Treasury also.


The function also owns and manages the wider control framework within TCM, including designing and performing reconciliations, maintenance of Business Operating Model and Control Framework documents, Key Risk/Control Indicator monitoring (KRI/KCI), input into the RCSA process and audit management.


TCM Policy and Business Liaison is responsible for liquidity and capital related regulatory policy adherence for the Group across all pillars, including identifying regulatory changes concerning liquidity and capital, ensuring a strong link between policy and practice, and supporting the business on capital and liquidity optimisation and business initiatives (at times undertaking cross-Finance co-ordination).


The team takes the project management lead in relation to the issuance and redemption of capital instruments, including preparation of PRA approval and notification documentation.


The function represents Capital Management and Reg Reporting in NPSTAC discussions, advising on the capital and liquidity impacts of new trade types or specific structures and subsequently working with the other teams that make up Capital Management and Reg Reporting to ensure that the structure is understood and any necessary system enhancements are implemented. It is also responsible for representation of the firm at industry forums.

What you'll be doing

This is a key role within the TCM Reporting team, with a focus on the calculation, analysis and reporting of the firm's capital, large exposures and leverage position for use by internal and external stakeholders.


Key strategic objectives are:


Management and motivation of junior staff (often on a graduate scheme) All key regulatory calculations performed in line with regulatory rulebook Delivery of regulatory information within the firm that is timely, accurate and relevant to the needs of business and management Completion of regulatory returns to the PRA and NAFR in line with requirements, supported by robust review processes Ongoing review and challenge of all key data attributes and processes that support the calculation and reporting of the firm's capital, large exposures and leverage position, both retrospective and forward-looking Close working relationship with departments across the Bank (including Financial Reporting, Risk, Front Office and IT) to support new business initiatives and regulatory developments Review and strengthen the control environment surrounding TCM reporting requirements Ability to support bank-wide change initiatives and deliver against regulator-driven change
Key Responsibilities


Assist in the timely and accurate completion and submission of all capital returns and provision of management information, including:


Motivating other team members to complete key processes, and review of output Regulatory Capital and Large Exposures (LE) calculations, including daily reports to business and management, and quarterly to ICBC Head Office Quarterly Common Reporting (COREP) returns to the PRA covering Own Funds, Risk Weighted Assets, Large Exposures, and Leverage Production of management reports to governance committees such as the Asset & Liability Committee and the Board Risk Management Committee Assist in the design and delivery of control improvements to TCM reporting processes (including embedding control frameworks and Business Operating Models) Key involvement in TCM RCSA (Risk Control Self Assessment) process and Key Control Metric monitoring Active engagement with the Finance IT function to deliver TCM system changes Play key role in delivery of core regulatory change initiatives
Responsible for the delivery of:


Detailed analysis and commentary on changes in capital positions Executive summaries and presentations for Senior Management Presentations on results in the Senior Management review meetings Information for inclusion in Annual Financial Statements, Pillar 3 and ICAAP documents for the year-end reporting cycle Testing of ongoing system changes
Controls and efficiency


Support the reconciliation of capital data to the general ledger as part of the month end process to validate regulatory returns Actively work to reduce the number of manual adjustments and work collaboratively with other teams to avoid duplication of work and bring about efficiencies Identify areas in the procedures which can be improved so as to provide time savings and / or an enhanced control environment. Improvements may relate to spreadsheets and procedures or changes to calculation engines and reporting systems. Assist in the subsequent implementation of the proposed changes

What you'll need to be successful:

Preferred Qualifications and Experience


Degree educated with strong academic background Qualified in CIMA, ACA or ACCA In depth knowledge of PRA capital requirements for banks and investment firms, including RWAs and COREP returns Previous experience working in Financial Services Financial instrument knowledge particularly commodities and the trading book Microsoft Office application knowledge (Excel, PowerPoint, Access)
Suitabiliy for the role


The role would suit someone who:


Interacts with and manages people well Prefers a day to day role with a set schedule and relatively stable workload Prefers working in a controlled environment and operating in accordance with agreed policies and procedures Has an affinity for accounting concepts Is a good communicator and enjoys working collaboratively across a range of stakeholders in a multicultural environment Is self-driven and has a natural curiosity and desire to learn Is organised and can prioritise and attend to a number of tasks at one given time Emphasises great attention to detail Has good problem solving/analytical skills Wants to understand end-to-end processes and be proactive in following up on and resolving any issues

Why should you join us?

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We're headquartered in London, with operations in Shanghai, Singapore and New York.


We're a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.


Our vison statement, "Be Yourself, Succeed Together" underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we're growing other employee network groups, including for women and neurodiversity.


We're committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

What's in it for you?

Financial market-based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance. Hybrid working the option to work remotely up to two days per week, depending on the role. Family - 6 months fully paid maternity leave and enhanced shared parental leave. Coaching for family leave returners and access to emergency care via My Family Care. Miscarriage and menopause policies. Wellbeing - private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange and an Employee Assistance Programme. Community paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners. Development a suite of opportunities to build the skills you need to excel in your role
If you're excited about becoming part of our team, get in touch. We'd love to hear from you!


ICBCS has appointed Robert Walters Outsourcing (RWO) to manage its recruitment process and Preferred Supplier List (PSL). Unsolicited CVs sent directly to ICBCS or its staff from non-PSL agencies will not be accepted and no fees will be paid for such submissions.