Prudential Regulation & Risk Management - Junior Consultant

Forvis Mazars is a leading global professional services network providing audit & assurance, tax, and advisory services. Forvis Mazars in the UK spans 14 offices across the nation and has over 3,400 professionals, with 190 partners. We have a clear purpose and a shared commitment to shape a better future. You'll join a collaborative and inclusive team where you're supported to grow your skills, explore new opportunities, and contribute from day one.

You'll work with a diverse client base, develop meaningful connections, and gain experience that extends beyond your local team. Together, we grow , belong and impact . Overview of the Team / Business Unit The Financial Services (FS) Consulting business unit provides a diverse range of risk and regulatory compliance services to our clients to help them stay compliant, with the vast web of regulations applicable to the industry.

Predominantly clients are banks and insurers but can also include investment firms and payment institutions. We are looking to recruit a talented and high performing individual to join the Prudential Regulation &Risk Management Practice within FS Consulting. The Prudential Regulation &Risk Management Practice provides a number of tailored solutions to support our FS clients with their risk management framework, prudential compliance as well as management of change and technology initiatives around risk and prudential regulations.

Typical engagements in the Prudential Regulation & Risk Management Practice include:
Reviewing and refining clients' ICAAP, ILAAP, ICARA, wind down and recovery plans. Responding to clients' queries on the interpretation and implementation of prudential rules. Reviewing COREP, FINREP, PRA 110, MIF and other regulatory returns. Supporting the effectiveness of regulatory change projects. Supporting assurance on clients' processing of regulatory data. Supporting the review of firms' prudential risk management capabilities including reviews of relevant policies and procedures;

and, how such risks are identified, measured, monitored, measured, and reported. Providing internal audit subject matter expertise. Role & Responsibilities The role of a Consultant is to support the team in delivering projects. This means assisting in all aspects of the project lifecycle; from the sales or business development' process, to project planning, execution of fieldwork and preparation of deliverables including actively contributing to final recommendations.

You will be involved in non-client activities such as assisting with internal projects and research initiatives. We currently have a hybrid working model, so as a consultant you will split your time between working from home, visiting the office, client sites when required. With the potential of travel outside of the UK, depending on government guidelines. As a Consultant, you will be expected to:
Work as part of small and large sized multi-disciplinary engagement teams to deliver the types of engagements listed above. Gather and analyse information, perform gap analysis, identify areas of improvements and offer value-adding recommendations. Draft client-specific conclusions and recommendations based on research and project work undertaken. Support Engagement Managers in managing delivery of client engagements. This includes monitoring and reporting on delivery status, identifying and promptly escalating any issues and risks that could impact delivery and providing guidance and quality review of others.

Develop client relationships, grow networks and assist in identifying and converting engagement opportunities. Support the development of product offerings and preparation of technical proposals and pitches to clients. Support in writing publications and producing materials to help others understand the impact of regulatory developments and changing risk management practices. Coach and develop junior team members. What are we looking for?

2-3 years' experience of undertaking risk, control or prudential reporting responsibilities working either in the FS industry, consulting firm or any of the FS regulators. Good understanding of products and services within Corporate and Investment Banking, Wholesale and Retail Banking, Investment Services. Experience or knowledge of reviewing business processes, governance arrangements, control framework, operating structures and supporting IT infrastructures. Experience or knowledge of one or more of the following:
The UK prudential regulatory framework, covering existing and forthcoming regulations, specifically, knowledge of the PRA Rulebook, Supervisory Statements, the FCA Handbook and Basel 3.1. Preparation or review of Internal Capital Adequacy Assessment Process (ICAAP), in particular Pillar 1 capital requirements, Pillar 2 risks, robustness of stress test scenarios;
Internal Liquidity Adequacy Assessment Process (ILAAP), Internal Capital Adequacy and Risk Assessment (ICARA), Regulatory Reporting (COREP, FINREP, PRA) and Recovery Plan (RP).…