FS R&R Financial Risk – Financial Risk Transformation, Manager
PwC
**Specialty/Competency:** Financial Risk
**Industry/Sector:** Banking and Capital Markets
**Time Type:** Full time
**Travel Requirements:** Up to 60%
A career within Financial Risk and Regulatory services, will provide you with the opportunity to help business leaders embed a proactive and dynamic risk management capability and mind set into their corporate business practices. From strategy through to implementation, we help put in place people, processes and technology so they can leverage financial risk management to identify new opportunities and pursue success as smoothly, systematically and sustainably as possible in the face of changing markets, technologies and competition.
To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.
As a Manager, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this management level include but are not limited to:
+ Develop new skills outside of comfort zone.
+ Act to resolve issues which prevent the team working effectively.
+ Coach others, recognise their strengths, and encourage them to take ownership of their personal development.
+ Analyse complex ideas or proposals and build a range of meaningful recommendations.
+ Use multiple sources of information including broader stakeholder views to develop solutions and recommendations.
+ Address sub-standard work or work that does not meet firm's/client's expectations.
+ Use data and insights to inform conclusions and support decision-making.
+ Develop a point of view on key global trends, and how they impact clients.
+ Manage a variety of viewpoints to build consensus and create positive outcomes for all parties.
+ Simplify complex messages, highlighting and summarising key points.
+ Uphold the firm's code of ethics and business conduct.
As a Manager of the Risk & Regulatory Advisory team, you will serve as a Subject Matter Expert and advise financial institutions on a broad range of credit risk management topics with a keen focus on wholesale loan transformation initiatives for First and Second Line of Defense, including the following: wholesale banking including lending and trading products and processes; governance policy, standards, and procedure assessment and development; Target Operating Model design, build and implementation; Risk data management, data governance; quality analysis and remediation. You will work on a team evaluating, designing, and implementing wholesale banking risk strategies to support our clients in effectively addressing key market challenges.
**Job Requirements and Preferences** :
**Basic Qualifications** :
**Minimum Degree Required** :
Bachelor Degree
**Minimum Years of Experience** :
6 year(s)
**Preferred Qualifications** :
**Degree Preferred** :
Master Degree
**Preferred Fields of Study** :
Business Administration/Management, Information Systems Management, Information Technology, Computer Science, Financial Mathematics, Mathematics, Accounting & Finance, Finance, Financial Markets, Economics and Finance, Quantitative Finance, Banking and Finance, Economics, Business Analytics, Mathematical Statistics, Statistics, Applied Mathematics
**Preferred Knowledge/Skills** :
Demonstrates extensive abilities and/or a proven record of success in how to lead or facilitate relevant project/program management or client consultations in the areas of credit-related activities and risk management, emphasizing a combination of the following areas:
+ Leveraging know-how of commercial and retail lending (e.g. auto, credit card, mortgage, syndicated, committed and uncommitted bilateral, CRE, ABS), and the lending cycle or Counterparty credit and trading activities involving derivatives and securities financial transactions;
+ Experience with risk reporting (e.g. Single Name Exposure, Enterprise Concentration Risk Management, State of Risk) and BCBS 239 principles;
+ Design and deliver effective solutions to transform banks’ banking and trading book related risk reporting processes;
+ Work with cross-functional teams to analyze, modify and build/assess process workflows & controls in the Risk Reporting to enable effective management and accuracy of Risk data from various Risk stripes;
+ Conduct current state assessment, gap analysis and Target Operating Model design, build, and implementation pertaining to Risk reporting related processes;
+ Ability to assess Risk management policies, procedures and standards and develop/update them as needed;
+ Perform regulatory remediation work (e.g. MRA/MRIA remediation) and prepare documentation to evidence compliance with regulatory findings;
+ Develop data requirements and associated metrics to resolve data quality issues;
+ Identify data quality issues and performing root-cause analysis, remediation on the issues; and,
+ General understanding of Internal Audit and Quality Assurance processes and expectations.
Demonstrate extensive abilities and/or a proven record of success in each of the following areas:
+ Designing and implementing process improvement solutions, leveraging PC applications including MS Office (Word, Excel, Access, PowerPoint);
+ Identifying and addressing client needs. Prepare, coordinate, and deliver complex written and verbal materials to clients, senior management or (e.g., PPT presentations, summary reports/ memos, oral presentations);
+ Supervising teams to create an atmosphere of trust, seeking diverse views to encourage improvement and innovation, and coaching staff, including providing timely meaningful written and verbal feedback;
+ Identifying and addressing client needs by building and maintaining trust (e.g., client relationship management);
+ Considering cross-cultural differences, seek diverse views to encourage improvement and innovation, and fostering a global mindset for the team. Experience in working with and managing on-shore and off-shore teams;
+ Communicating project goals and objectives, project status and deliverables, build consensus and present standard industry practices/point of view effectively. Keep leadership informed of progress and issues; and,
+ Detail-oriented, organized, and able to multitask to meet deadlines under pressure.
Learn more about how we work: https://pwc.to/how-we-work
PwC does not intend to hire experienced or entry level job seekers who will need, now or in the future, PwC sponsorship through the H-1B lottery, except as set forth within the following policy: https://pwc.to/H-1B-Lottery-Policy.
All qualified applicants will receive consideration for employment at PwC without regard to race; creed; color; religion; national origin; sex; age; disability; sexual orientation; gender identity or expression; genetic predisposition or carrier status; veteran, marital, or citizenship status; or any other status protected by law. PwC is proud to be an affirmative action and equal opportunity employer.
The salary range for this position is: $100,000 - $232,000, plus individuals may be eligible for an annual discretionary bonus. Actual compensation within the range will be dependent upon the individual's skills, experience, qualifications and location, and applicable employment laws. PwC offers a wide range of benefits, including medical, dental, vision, 401k, holiday pay, vacation and more. To view our benefits at a glance, please visit the following link: https://pwc.to/benefits-at-a-glance
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