Prudential Regulation Manager

Job Description

Mazars FS Consulting is experiencing exciting growth and we have various opportunities for talented and high performing individuals to be based in the London office given the opportunities arising from increasing regulatory scrutiny, supervision and demandfor external assurance.At present we are seeking to recruit additional talent to the Prudential and Risk Management Practice within our established Financial Services Consulting business unit. Role The Prudential Regulation offering provides a number of tailored solutions to support our FS clients around the interpretation and implementation of regulations to help them achieve regulatory compliance and manage regulators expectations.We help clientsdevelop and review their key regulatory submissionssuch as their Capital & Liquidity adequacy process documents, Recovery & Resolution plans, and their regulatory submissions. We also support clients on organisational, regulatory or systems transformationinitiatives to help them manage prudential risk.Typical engagements in the Prudential Regulation service area include:Reviewing and refining clients ICAAP, ILAAPs, wind down and recovery plans.Responding to clients queries on the interpretation and implementation of prudential rules.Reviewing COREP, FINREP, PRA 110 and other regulatory returns.Performing skilled persons reviews in line with the PRAs expectations.Review the effectiveness of regulatory change projects.Providing assurance on clients processing of regulatory data.Reviewing firms prudential risk management capabilitiesincluding reviews of relevant policies and procedures; and, how such risks are identified, measured, monitored, measured, and reported.Providing internal audit subject matter expertise.You would be expected to:Contribute to multiple client engagement teams, working with a wide variety of FS clients to deliver high quality professional services.Support business development activities for allocated key accounts or a category of FS clients / prospects.Work as part of small and large sized multi-disciplinary engagement teams to deliver the types of engagements listed above.Gather and analyse information, perform gap analysis, identify areas of improvements and offer value-adding recommendations.Be involved in workshops to resolve client issues, design robust processes / controls and develop an implementation plan.Work with stakeholders within clients organisational structure to implement improvements.Support the Engagement Manager to manage the execution of client engagements by monitoring and reporting on delivery status, identifying and promptly escalating any issues and risks that could impact delivery and providing guidance and quality reviewof others.Support in producing materials to help clients understand the impact of regulatory developments and changing risk practices on their business model, control framework, reporting obligations as well as capital and liquidity requirements.Develop client relationships, grow networks and assist in identifying and converting engagement opportunitiesSupport the development of product offerings and preparation of technical proposals and pitches to clientsAssist in developing and delivering internal and external training materialsMentor, coach and develop junior team members Skills, Knowledge and Experience You will have gained experienceinPrudential regulatory matters, either in industry, another consultancy, or the PRA.Knowledge of, and experience in navigating and interpreting the provisions of the PRA rulebook, supervisory statements and other on-shored EU laws and regulations. This should include one or more of the following:oThe UK and EU prudential regulatory framework, covering existing and forthcoming regulations, specifically, knowledge of the PRA Rulebook, Supervisory Statements, the FCA Handbook and the EU CRRII / CRDVoPreparation or review of Internal Capital Adequacy Assessment Process (ICAAP), in particular Pillar 1 capital requirements, Pillar 2 risks, robustness of stress test scenarios; Internal Liquidity Adequacy Assessment Process (ILAAP), Regulatory Reporting(COREP, FINREP, PRA) and Resolution and Recovery Plan (RRP)Good understanding of the PRAs supervisory modelincluding internal and external risk factors, and risk mitigants.Experience of reviewing regulatory returns, s166 reports, and firms business models. Inclusion and Diversity At Mazars inclusion and diversity are central to our values. We recognise that being an inclusive and diverse organisation makes us stronger as a business.We seek to attract and recruit people who reflect the diverse nature of our clients and communities, regardless of sexual orientation, gender identity, ethnicity, nationality, faith or belief, social background, age and disability. Mazars selects candidatesbased on skills, knowledge, qualifications and experience.