Trading Wind Down

2 weeks ago

Chennai, India Covenant Consultants Full time

Job Description


Purpose of the role


As a Trading Wind Down (TWD) SME, you will be part of the Models Centre of

Excellence team which would be responsible for the execution and governance of models for the

PRAs Trading Wind Down programme and work with a wide set of stakeholders across Finance,

Treasury, Risk, Cost, amongst others.

Accountabilities

Development and evaluation of potential resolution strategies for distressed entities, and

analysis of the financial implications and potential impact of each strategy. .

Development and maintenance of recovery and resolution plans for the bank's business units

and entities, and assessment of critical functions and dependencies to ensure continuity of

essential services in case of distress. .

Analysis of financial data and assessment of the viability of distressed entities to evaluate

the financial strength, capital position, and liquidity risks faced by distressed entities. .

Recovery: Oversee Financial Crisis Management Framework (jointly with

Treasury); maintain Group Recovery Plan. .

Resolution: Maintain resolution capabilities across the Group and its Material Legal Entities;

coordinate and deliver regulatory and public disclosures (UK and Europe). .

RRP controls and governance: Ensure appropriate assurance processes to ensure compliance

with regulatory requirements and expectations. .

Valuation in Resolution capabilities: Ensure appropriate valuation capabilities are

maintained, including models, methodologies, processes and documentation, including

process to onboard an external valuer if necessary. .

Holistic testing of resolvability capabilities: decision-making and governance processes

across 10 workstreams tested with Boards, Ex Cos and senior AEs. .

Support business stakeholders across the group, including SMRs, in meeting global

regulatory requirements against multi-year agendas. .

Communication with regulators to provide timely updates on the bank's recovery and

resolution activities. .

Assistant Vice President Expectations

To advise and influence decision making, contribute to policy development and take

responsibility for operational effectiveness. Collaborate closely with other functions/

business divisions.

Lead a team performing complex tasks, using well developed professional knowledge and

skills to deliver on work that impacts the whole business function. Set objectives and coach

employees in pursuit of those objectives, appraisal of performance relative to objectives and

determination of reward outcomes

If the position has leadership responsibilities, People Leaders are expected to demonstrate a

clear set of leadership behaviours to create an environment for colleagues to thrive and

deliver to a consistently excellent standard. The four LEAD behaviours are: L Listen and

be authentic, E Energise and inspire, A Align across the enterprise, D Develop others.

OR for an individual contributor, they will lead collaborative assignments and guide team

members through structured assignments, identify the need for the inclusion of other areas of

specialisation to complete assignments. They will identify new directions for assignments

and/ or projects, identifying a combination of cross functional methodologies or practices to

meet required outcomes.

Consult on complex issues; providing advice to People Leaders to support the resolution of

escalated issues.

Identify ways to mitigate risk and developing new policies/procedures in support of the

control and governance agenda.

Take ownership for managing risk and strengthening controls in relation to the work done.

Perform work that is closely related to that of other areas, which requires understanding of

how areas coordinate and contribute to the achievement of the objectives of the organisation

sub-function.

Collaborate with other areas of work, for business aligned support areas to keep up to speed

with business activity and the business strategy.

Engage in complex analysis of data from multiple sources of information, internal and

external sources such as procedures and practises (in other areas, teams, companies, etc).to

solve problems creatively and effectively.

Communicate complex information. 'Complex' information could include sensitive

information or information that is difficult to communicate because of its content or its

audience.

Influence or convince stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Values of Respect, Integrity, Service,

Excellence and Stewardship our moral compass, helping us do what we believe is right. They will

also be expected to demonstrate the Mindset to Empower, Challenge and Drive the

operating manual for how we behave.

Join us as an AVP -Trade Wind Down, where you'll spearhead the evolution of our

digital landscape, driving innovation and excellence. You'll harness cutting-edge technology to

revolutionist our digital offerings, ensuring unapparelled customer experiences.

You may be assessed on the key critical skills relevant for success in role, such as experience with

execution and governance of models for the PRAs Trading Wind Down programme, as well as job-

specific skill sets.

To be successful as a AVP - Trade Wind Down, you should be able to,

Basic/ Essential Qualifications:

Support model owners in drafting and updating model documentation, performing model

monitoring, execution of controls, addressing queries from the model validation team, and

ensuring compliance with standards pertaining to both, model risk management and the

Trading Wind Down programme

Ensure an effective review and challenge process for model methodologies and model

outputs

Lead and coordinate TWD execution activities such as dry-runs, periodic simulations and

on-demand runs mandated by the Regulator. Ensure compliance with time-bound SLAs on

model runs during live cycles

Interacting with multiple Subject Matter Experts across the Front Office, Finance, Treasury,

Risk and Product Controls Valuations as part of BAU deliverables and regulatory requests

Coordinate project management aspects of TWD, such as tracking delivery, providing

management updates, running governance forums and supporting regulatory submissions

Desirable skillsets/ good to have:

The ideal candidate will have a sound understanding of financial markets & instruments

Experience in ownership of finance or risk models, robust analytical and problem-solving

skills.

The ability to build relationships with a large set of stakeholders across multiple areas.

This role will be based out of (Chennai)

For additional details regarding submission eligibility and payment terms, please refer to your

contract. Only submissions from agencies with current service contracts in place will be considered.

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