Regulatory Specialist (Prudential)

The Team:

The Financial and Regulatory Reporting Team are part of Man Group’s Finance Department and are responsible for calculating and ensuring ongoing compliance with all prudential requirements. We are a team of five people, growing to 6 with this newly created role.

The Role:

Lead the capital and liquidity adequacy and risk assessment processes for Man Group’s UK/EEA entities. This is a highly collaborative role engaging expertise from Finance, financial risk, operational risk, quantitative risk modelling and the investment management and supporting business units.

Your Responsibilities:

• Ensure that the Internal Capital Adequacy and Risk Assessment (or ICARA, for the FCA) and Internal Capital Adequacy Assessment Process (or ICAAP, for the CBI) documents and associated submissions are prepared, reviewed, challenged and approved
• Ongoing maintenance and development of the associated Wind Down plans including testing and identifying business improvements
• Prepare and run the capital and liquidity models (e.g. operational, investment book, credit risk, downside scenarios and wind down), liaising with the subject matter experts to prepare the inputs and be able to explain and challenge the outputs
• Ensure alignment to Man Group’s risk governance and appetite framework and evolving risk profile
• Ensure ICARA and ICAAP documents and processes incorporate new regulatory requirements and expectations and industry/peer best practices
• Manage and run a stakeholder steering committee to enhance and evolve the ICARA and ICAAP processes and models

Your background

• Highly numerate degree
• Experience of working within prudential guidelines is essential
• Experience in the production of an ICARA or ICAAP. Regulator interactions would be a plus
• Advanced excel skills including macro automation. Advanced VBA and Python would be a plus
• Good understanding of risk management practices and modelling techniques, e.g. value-at-risk, statistical distributions, correlation, monte carlo simulation
• Basic understanding of alternative asset management strategies
• Ability to write and present complex content in a clear and concise manner to ensure understanding among a wider/senior audience
• Project management and interpersonal skills to collaborate with all subject-matter-experts and stakeholders and bring together content