Financial Services Senior Manager (Banking)

Title: Manager - FS Centre of Excellence - Wholesale banking and securities/derivatives markets
Location: London
Salary: Competitive with benefits
Flexible Working Options: PwC is open to flexible working arrangements where appropriate

Financial Services Risk and Regulation

We are currently looking for an experienced Senior Manager to join our Financial Services Risk and Regulatory Centre of Excellence, part of our broad Financial Services Risk and Regulation (FSRR) practice.

FSRR

In the fast evolving world of financial services regulation, organisations need support and advice in how to deal with and manage regulatory change. The FSRR practice works with our clients to provide high quality advice and assurance to the financial sector. We help clients to anticipate and understand regulatory and policy change and make the necessary changes and adjustments to their business to manage this change. Where it is too late to prevent failure, we work with our clients to investigate the source of the problem, deal with the impacts and help to establish controls to support compliance going forward.

Joining our FSRR Centre of Excellence

The Centre of Excellence is a growing part of our business.  Our role is to support both clients directly and other FSRR client teams in our areas of regulatory expertise, often acting as deep subject matter specialists.  Our team includes experts who cover asset management, banking and capital markets and insurance. The team includes risk, regulatory, legal and compliance professionals from a wide range of backgrounds including people from industry, auditors, lawyers, economists, industry bodies and policy makers and former regulators.

Our focus is forward looking.  We track new developments that will affect our clients, and engage with a wide range of stakeholders including regulators in the UK, EU and supranational.  We focus on emerging trends in risk and regulation, seeking to develop early points of view and thought leadership. We do this by developing relationships, knowledge and skills to help clients with the challenges they face.

Who we are looking for

As part of the FSRR, we have significant growth plans and are looking for ambitious and dedicated professional advisers to help us deliver on these plans. In line with our growth strategy and our long term plans in investing in financial services, we are seeking to supplement the existing team with new talent at Senior Manager level.

With the help of this new talent, our aim is to continue to build a team that is known in the market as the best in class risk and regulatory consulting team, interacting with the major players in the UK, EU and global financial services industry and playing a key role in the services we offer to our clients.

Conduct, Culture and the Customer

Responsibilities

Supporting clients and client delivery teams with industry and technical expertise on conduct of business matters

Acting as subject matter expert on large and small engagements, often simultaneously

Guiding the work of the conduct of business team within the Centre of Excellence

Producing written analysis and information including client publications, marketing materials, website content, training materials, etc.

Leading with technical research, training, responses to consultation papers from relevant regulatory bodies etc.

Providing input to the debate on development and application of policy, participating in developing Thought Leadership

Skills required

The ideal candidate would have demonstrable experience in wholesale banking, particularly the sell-side, and securities and derivatives markets, with particular focus on MiFID and MiFID II. Previous experience is likely to have been in a compliance function or in a policy/supervisory department at one of the regulators. Alternatively, the candidate may have gained his or her experience from working in an industry body, government department, law firm or consulting firm.

The following skills are required for this role:

Essential skills:

Deep technical grounding in wholesale banking issues, such as best execution, MiFID, MiFID II/MiFIR, MAD/MAR, elements of EMIR, equity and FX markets.

Strong knowledge of the role and operations of financial markets, trading venues and banking operations, functions and structures

Knowledge of the commodities markets would be helpful

Broad knowledge of UK and EU regulatory and supervisory structure, the regulatory development process for financial services and the current EU regulatory agenda

Experience with FCA/PRA principles, rules and regulatory processes in relation to banking conduct

Excellent technical, delivery and communication skills

Strong organisational and interpersonal skills

Ability to prioritise tasks and delegate effectively

Ability to make new contacts, build strong relationships with clients and regulators, listen to and understand client needs and interpret this into new opportunities to assist them

Appetite to take on people management activities, such as coaching and development of other more junior team members.