PwC Hiring for Risk & Controls – Prudential Risk and Regulatory Consultant – Senior Associate at India Full Time

Line of Service

Advisory

Industry/Sector

Not Applicable

Specialism

Business Controls

Management Level

Senior Associate

& Summary

A career within Regulatory Risk and Compliance services, will provide you with the opportunity to help companies rethink their approach to risk and create a sustainable risk advantage. We’re a part of a unique client proposition, assisting our clients develop proper internal controls by leveraging analytics and technology solutions to underpin efficient execution of governance, to optimise their risk and compliance policies and processes, and improve business performance.

To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.

As a Senior Associate, you’ll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this management level include but are not limited to:

• Use feedback and reflection to develop self awareness, personal strengths and address development areas.
• Delegate to others to provide stretch opportunities, coaching them to deliver results.
• Demonstrate critical thinking and the ability to bring order to unstructured problems.
• Use a broad range of tools and techniques to extract insights from current industry or sector trends.
• Review your work and that of others for quality, accuracy and relevance.
• Know how and when to use tools available for a given situation and can explain the reasons for this choice.
• Seek and embrace opportunities which give exposure to different situations, environments and perspectives.
• Use straightforward communication, in a structured way, when influencing and connecting with others.
• Able to read situations and modify behavior to build quality relationships.
• Uphold the firm’s code of ethics and business conduct.

Reporting: Position reports to the [Manager/SM/Director] Key skills and responsibilities:

As a Manager, you’ll work as part of a team with extensive consulting and industry experience, helping our clients solve their complex business issues from strategy, implementation of regulatory change, regulatory gap analysis, remediation of compliance gaps, and responding to regulatory developments.

• Specific responsibilities include but are not limited to:
• Being a member of and leading teams on small and mid-sized engagements – working as part of a project team on client sites and day-to-day liaison with clients
• Identifying the impact of prudential regulatory change and supporting clients to adapt to the challenges a new regulatory landscape presents
• Working on projects relating to various components of Pillar 1 credit including requirements under the standardized approach; IRB implementation and remediation; regulatory gap assessments; annual IRB self-assessments; review, implementation and/or remediation relating to regulatory reporting and associated governance and control frameworks; model risk management frameworks, policies and procedures; risk measurement, monitoring and reporting
• Preparing regulatory analysis and reports
• Supporting senior team members through the development of marketing and sales activities
• Relationship building and networking with clients and internally across PwC
• Providing input to the debate on development and application of regulation and participating in PwC’s Thought Leadership Essential skills:
• Good written, numerical and verbal communication skills
• Knowledge and experience of at least one of retail, commercial, wholesale and/or investment banking sectors
• At least five to seven years’ experience in financial services prudential requirements. Less-experienced candidates will be considered at the Senior Associate level.
• Hands-on experience in relation to IRB – either from an implementation standpoint or in a review capacity
• Strong relationship management skills as well as experience in managing teams.
• Experience of problem solving and being able to implement and deliver solutions tailored to a client’s needs
• The technical skills we are looking for are specific to Pillar 1 credit risk requirements. We need individuals with skills in a combination of the following:
• Good level of understanding of the end-to-end credit life cycle for retail and/or wholesale banks, associated policies, procedures, controls and governance
• Good level of understanding of regulatory requirements for IRB – knowledge of models is not essential but is considered beneficial
• Deep technical experience and expertise in existing and future regulation (i.e. Basel 3.1) in relation to credit risk and IRB
• Understanding of model risk management and model governance in the context of IRB models
• Understanding of the COREP and other PRA prudential regulatory reporting requirements and associated governance and controls frameworks (relating to credit risk), as applicable
• An ability to understand, interpret and communicate complex regulation
• Experience with governance and risk management frameworks and systems and controls supporting prudential regulatory requirements Client management:
• Develop strong working relationships with the client and onshore client teams.
• Maintain excellent rapport and proactive communication with the stakeholders and clients. Operational excellence:
• Suggest ideas on improving engagement productivity, including through the use of technology, and identify opportunities for improving client service.
• Ensure compliance with engagement plans and internal quality & risk management procedures. People related:
• Display teamwork, integrity, and leadership. Work with team members to set goals and responsibilities for specific engagements.
• In addition to being an exceptional individual contributor, manage engagements and relevant teams allocated for the same.
• Foster teamwork and innovation.
• Utilise technology & tools to continually learn and innovate, share knowledge with team members and enhance service delivery.
• Conduct workshops and technical training sessions for team members.
• Be actively involved in team building activity for strong group/team synergy
• Contribute to the learning & development agenda and knowledge harnessing initiatives Qualifications we seek in you:

Minimum qualifications:

• Bachelor’s/Master’s Degree in Commerce / Economics / MBA/ BBA (or) Chartered Accountant
• Experience in retail, wholesale, commercial or investment banking and capital markets
• Experience in identifying control gaps and communicating audit findings and control redesign recommendations to clients
• Understanding of audit concepts and regulations
• Candidates with 4-6 years of relevant experience in similar role, preferably with a “Big 4” or equivalent

Education (if blank, degree and/or field of study not specified)

Degrees/Field of Study required:

Degrees/Field of Study preferred:

Certifications (if blank, certifications not specified)

Required Skills

Optional Skills

Desired Languages (If blank, desired languages not specified)

Travel Requirements

Not Specified

Available for Work Visa Sponsorship?

No

Government Clearance Required?

No

Job Posting End Date

October 31, 2023