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Head of Capital & Planning

  • Location: London
  • Salary: £Six Figure Base + excellent benefits
  • Job type: Permanent
  • Job reference: AB/172645
  • Sector: Banking
Job Description

My client is an international retail and corporate bank with a significant presence in the UK. Headquartered in London, they have branches across the UK where they engage in lending to SME business across all sectors.

They have a vacancy for a Head of Capital Planning reporting directly into the UK CFO. The UK entity is a wholly owned subsidiary and, as such, has it's own finance department that has taken on greater responsibility. The role will take full responsibility for capital planning and management for the UK entity and will report directly into the CFO.

 

In this role, you will be required to work both with a high degree of independence, but also with a high level of cooperation within UK Head Office and with Group Finance, Group Risk Control and UK regulator. This is a managerial role and you will be expected to manage and continue building the existing team.

ESSENTIAL DUTIES AND RESPONSIBILITIES: 

The responsibilities include:

  • Developing the processes and capital models for capital planning, reporting and documentation as well as participation in stress testing in the capital adequacy assessment process (ICAAP). 
  • Analysing the UK Bank's capital needs, having a tight collaboration with Group Capital Management and proactively suggesting and implementing measures for optimising capital, but also participating in strategic development of the business aiming to improve the business profitability. 
  • Reviewing new regulatory capital developments, all relevant policies, monitoring any policy gaps and driving initiatives to ensure compliance, analysing impact; 
  • Building out infrastructure to increase efficiency, control and speed of the capital management process. 

The bank is planning to move towards an IRB approach and the head of capital and planning will be a key stakeholder in this project.

 

SKILLS, EXPERIENCE AND QUALIFICATIONS: 

 
The successful applicant should have broad finance knowledge and a deep understanding of capital and capital regulations. The applicant is expected to have worked in the field for several years and may have a background in technical accounting or in other areas of Finance, well versed in standards and regulations. 

Other qualifications include: 
have a strong analytical skills  
have a good knowledge of financial control and analysis
have a good understanding of CRD IV, CRR and Basel III capital regulations
be able to work in an organised yet flexible manner 
have management experience 
have a strong sense of administrative order
have sound knowledge of accounting practices
understanding of liquidity and ALM will be a plus


 

 

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