Regulatory Remediation Consultants

Regulatory Remediation Consultant

The ideal candidate has Senior VP director experience in audit within credit market liquidity or model risk to look at forbearance framework.

Ideal profiles we are seeking are of experienced regulatory remediation consultants with combined expertise across credit/model risk and treasury, in addition to having risk governance, and controls assurance/testing background to support independent review and challenge of closure documents and sustainable validation of regulatory remediation.

This role sits within the Strategic Remediation Control Office, which leads the Transformation and Remediation. The Office leads US oversight of programs which contribute to the uplift of the Firm's capabilities across multiple lines of defense working in partnership with global Businesses, Risk, Compliance, Technology and Audit. The team ensures alignment of the portfolio of projects remains within groupwide strategic priorities and are successfully implemented to achieve the intended benefit and outcomes.

For this role, the Independent Review and Challenge team is looking for experienced professionals with expertise in supervision and regulation as well as risk and controls to join our high impact and growing team. This is a unique opportunity to be at the heart of the Bank's Transformation and remediation efforts, with exposure to senior management.

• Provide effective review and challenge for critical regulatory remediation deliverables across the Bank including regulatory responses, remediation plans and outcomes, regulatory remediation program, and regional and global key deliverables in the areas of financial risk (credit, market, and liquidity risk) and model risk management

• Perform critical analysis and independent review and challenge of bank's regulatory responses and remediation initiatives in order to identify critical gaps in advance of formal submission to regulators

• Act as an advisor and provide guidance to business, finance and risk management functions relating to regulatory responses, remediation plans, and implementation of regulatory remediation programs

• Ensure that regulatory remediation programs clearly articulate risk reduction and demonstrate enhanced control environment with evidence of design and operational effectiveness

• Responsible for active stakeholder engagement by ensuring close collaboration with key stakeholders across the Bank

• Improve comprehensiveness and completeness of the Bank's regulatory responses, remediation programs, and global key deliverables by providing constructive and holistic feedback, identifying weaknesses and limitations, and escalating critical issues where necessary

• Team player with the ability to contribute to Bank's critical regulatory initiatives in a timely manner

Skills You'll Need

• Extensive experience in financial services industry or consulting firm (e.g., risk and controls, audit, regulatory remediation/quality assurance, etc.) or regulatory agencies as a bank examiner (e.g., FRB, OCC, Federal Deposit Insurance Corporation)

• Significant experience in reviewing and challenging regulatory responses, remediation action plans, and closure documentation

• Significant experience in interpreting regulatory rules and regulations (e.g., SR letters, FFIEC, European Banking Authority, and PRA guidelines particularly in the areas of market, liquidity and credit risk management, regulatory capital and model risk management.)

• Ability to identify risks and issues and escalate timely and effectively

• Strong interpersonal and communication skills (both verbal and written) with an ability to present and effectively articulate your view to senior management

• Critical and analytical thinker with attention to detail

• Strong conflict management skills

• Comfortable challenging ideas, communicating technical intricacies in transparent and concise manner and working in a global and dynamic environment