IRB Application Lead

Job Description

An excellent opportunity has arisen for an IRB Application Lead within a leading UK challenger Bank.The role-holder will provide internal subject matter expertise, technical and regulatory insight to the Programme Director and ensure that material issues are escalated to SteerCo and other relevant committees. The role-holder will need to engage and influencesenior management to achieve the desired outcomes.A key consideration for the role will be to deliver compliance within agreed timelines while appreciating the need for pragmatism.You will report into the Director, who will be your line manager and responsible for things like performance review meetings, 1-1s and development conversations.The role of IRB Application Lead is really important to us. You will be responsible for:

• Completing all self-assessments, working across the Modelling, Validation, Data, Technology and Business teams
• Supporting Model adoption to ensure Use Test requirements are met
• Preparing Programme update packs for senior forums such as ERC, BRC & Board
• Preparing high quality material for PRA engagement sessions, ensuring tracking and timely follow-up on queries raised by the regulators
• Designing training packs to build senior management awareness and understanding of the Programme and its impacts
• Working with external suppliers, responding to challenge and feedback to enhance the application
• Providing required technical & regulatory insight to the Programme Director and ensure that materials issues are escalated to SteerCo
• Lead a team of three people, managing their performance through 121s and support their ongoing development
• Attendance and presentation to senior Committees as required
• Support the production of training and stakeholder materials
• Ensure documentation of processes are produced and maintained as required
• Support the Risk teams to undertake ad-hoc activities related to the role as directed by line management
• Ensure the required level of knowledge transfer to the team to provide continuity and enable ongoing regulatory engagement
• Actively promote the risk culture through the business
• Ensure effective contribution to the team and colleagues
• Provide feedback to first line on regulatory matters where experience and insight held by the job holder is relevant

Key Requirements:

• Significant risk management experience across a breadth of areas and a strong grasp of prudential regulatory requirements across core Modelling areas and Pillars (gained through experience in a similar role/area within Financial Services)
• Excellent understanding of IRB regulatory requirements (CRR/ CRD IV and associated SS, ITS, RTS and Guidelines) with ability to provide pragmatic, but compliant, implementation guidance
• Exposure to different types of models and modelling techniques used by financial institutions e.g. IRB, stress testing, ICAAP, IFRS9
• A good understanding of the stress testing process in financial institutions covering the requirements of different regulatory bodies (e.g. EBA / PRA)
• Experience providing constructive challenge and oversight to peers, colleagues and senior/executive management
• Excellent verbal and written communication skills including demonstrated ability to communicate complex concepts to technical and non-technical audiences
• Ability to perform reviews of regulatory and other external papers on capital/models-related topics and provide a succinct summary of key messages and impacts for senior audiences
• Proven decision-making capabilities, understanding the need for escalation where relevant