Associate, Prudential Policy & Pillar III/Solvency II Associate, Prudential Policy & Pillar III/Solvency  …

Michael Page
in London, England, United Kingdom
Permanent, Full time
Be the first to apply
GBP50000 - GBP59000 per annum
Michael Page
in London, England, United Kingdom
Permanent, Full time
Be the first to apply
GBP50000 - GBP59000 per annum
Associate, Prudential Policy & Pillar III/Solvency II City of London based Banking & Financial Services Prudential Regulatory & Technical Accounting Policy focused role - real breadth across both RB, Corp Bnk & Insurance

Associate, Prudential Policy & Pillar III/Solvency II

City of London based

Banking & Financial Services

  • Highly prestigious bank with UK centric & global appeal - amazing brand value
  • Retention strategy one of the best in industry - rotations, learning opps

Description

Associate, Prudential Policy & Pillar III/Solvency II

City of London based

Prudential Policy team are responsible for designing, negotiating and implementing prudential regulation in order to remove or reduce systemic risks, promote the safety and soundness of the firm and ensure appropriate protection for insurance policyholders. Supports both the Prudential Regulation Committee and Financial Policy Committee in fulfilling their objectives for the firm.

DEPARTMENT:

Questions relating to remuneration, governance, accounting, regulatory reporting, disclosure and audit. Together these policies are directed to ensuring an effective first line of defence that reduces the likelihood of needing to draw on capital to absorb losses.

High profile work on climate disclosures.

Key role in understanding upcoming changes to the framework of bank regulation (eg the implementation of Basel 3.1) by coordinating work on the reporting and disclosure aspects of implementation. And there may be big questions for the team on how we approach reporting and disclosure post-Brexit.

ROLE:

*Analysis: Leading specific workstreams or topics within reporting and disclosure policy, and producing analysis and recommendations to move these workstreams forward. This could involve both international and domestic policy-making, and may cover both policy development and implementation. This will also involve applying accounting knowledge to support the design of reporting or disclosure requirements.
*Communication and Influencing: Drafting complex policy notes and briefings, and presenting recommendations to seniors or relevant Committees. Influencing external contacts, such as firms or members of international working groups, in order to achieve our policy objectives.
*Stakeholder management: Developing and maintaining a network of contacts, including policy experts, legal colleagues, and data users. Seeking input from this internal network to support analytical work and policy notes, and keeping this network up-to-date on the work of the team. Coordinating with internal stakeholders on the processes for implementing changes to reporting requirements.
*Collaboration: Providing support on behalf of the team to policy leads in other areas regarding reporting and disclosure issues related to their policy area.

Profile

Associate, Prudential Policy & Pillar III/Solvency II

*An understanding of the approach to financial regulation, and experience of interpreting or advising on current UK or European regulatory requirements for banks or insurers
*Chartered accountant with experience in banking or insurance accounting

You will also need to demonstrate:
*Excellent communication and influencing skills, both written and verbal. Able to grasp technical details quickly and communicate these clearly to non-experts
*Strong organisational skills, with the ability to balance conflicting deadlines and priorities, including both longer-term and shorter-term deliverables
*Experience building and managing effective working relationships with both internal and external stakeholders, and of developing proposals based on input from stakeholders
*Good analytical skills, and experience of performing qualitative (as opposed to quantitative) analysis

Desirable:
*Familiarity with regulatory reporting or disclosure requirements for a bank or insurer, and experience of providing advice on how to apply these requirements

Job Offer

Associate, Prudential Policy & Pillar III/Solvency II

  • Base from £50,000 to £59,000
  • Excellent company benefits package (market leading - more detail here on application)
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