Senior Regulatory Expert

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Job Introduction

The UK Risk department is responsible for risk control within Handelsbanken plc ensuring there is a comprehensive and objective view of all risks in the Bank's business operations, providing independent management assurance to the UK CEO that the business is identifying and managing its risks adequately.

The UK Credit risk team is responsible for Credit and Portfolio Oversight, Credit Risk Modelling, Climate Risk Embedment and IRB implementation. The breadth of the deliverables and the fact that processes, modelling- and analytical capabilities are continuously being developed and improved demands a flexible and collaborative approach from team members to ensure solid team performance in coordination with the business.

This role will work within the IRB project where the goal is to roll out the Internal Ratings Based (IRB) approach to Handelsbanken's portfolios over the next few years.

Main Responsibilities

1. Provide expert knowledge in terms of scope of IRB regulations and support the compilation and drafting of the IRB regulatory application.
2. Perform horizon scanning around IRB regulations and ensure coordination with the relevant stakeholders across the bank for the assessment of any new regulatory requirements.
3. Manage the annual IRB self-assessment process, including coordination and supporting the completion of the IRB regulatory self-assessment, including quality assuring the responses and evidences provided by the relevant stakeholders.
4. Manage and implement the annual IRB self-attestation process for post IRB approval.
5. Track the action plans to remediate identified gaps during the self-assessment process.
6. Provide guidance to different stakeholders on interpretation of regulatory requirements.
7. Produce and maintain IRB specific governance documentation in accordance with internal standards.
8. Design, implement and manage a bank-wide process that assesses and identifies any impacts of changes on the existing IRB models and approach.
9. Coordinate the implementation of the IRB Target Operating Model.

Ideal Candidate

1. Relevant experience working in financial services, including working on IRB regulatory self-assessments. Experience with PRA modular application process is preferred but not a mandatory requirement.
2. Solid understanding of the IRB regulation (CRR, EBA, PRA).
3. Able to convey key interpretations of the regulations in a clear and concise way to less technical stakeholders.
4. Excellent verbal and written communication skills with the ability to analyse, articulate and present complex issues clearly and concisely.
5. Ability to build strong professional relationships at all levels and represent Handelsbanken effectively.
6. Interpersonal skills and the ability to work well with impact with people at all levels.

Company Information

Handelsbanken is a relationship bank with a decentralised way of working, a strong local presence thanks to a nationwide network of branches, and a long-term approach to customer relations. Each Handelsbanken branch operates as a local business enabling it to make decisions at a local level and provide a bespoke service. The focus is always on the need of the individual customer and not on the sale of specific products.

The Bank is deeply committed to embedding good equality and diversity practice into all of our activities. This is so that we are an inclusive, welcoming and inspiring place to work that encourages everyone to apply, regardless of socio-economic background, age, disability, pregnancy and/or parental status, race (including colour, nationality, and ethnic or national origin), veteran status, marital and civil partnership status, religion or belief, sex, gender reassignment or sexual orientation.

Check our Handelsbanken website for further information.

At Handelsbanken, we deeply value our unique culture and values including trust in and respect for each individual. We take pride in nurturing a work environment where people flourish, and where they are empowered to take decisions in their areas of expertise. We take a long term perspective in everything we do and want each employee who joins us to build a long terms successful career with the Bank.

What is in it for you?

1. We have a wide range of learning and development available, empowering and enabling our colleagues to take ownership of their own development.
2. Competitive Salary and an extensive range of benefits is provided, including private medical insurance, income protection and life assurance.
3. A market-leading pension contribution of 15% paid by the bank, which can be invested in a wide range of funds (including ESG and Shariah funds).

Application next steps

Your journey with us begins once you have submitted your application. One of our Handelsbanken recruiters will be reviewing your details and will later organise a phone conversation if you match the role requirements. If there is a mutual fit, we will extend an invitation for you to participate in an interview.

How can we support you to be your best self? Our Talent Acquisition team will be happy to provide support e.g. if you need additional time to prepare for an interview or you have any requirements for any part of the interview/hiring process - just let us know by email uk_talent@careers.handelsbanken.co.uk.