You have the opportunity to lead the Credit Risk Requirements Setting team which sets the requirements for the calculation of the credit risk metrics and for several other Credit Risk Life Cycle topics. You will be responsible for the Credit Risk Forward Program (CRFP) which is leading the drafting of requirements documentation on a wide range of topics. In light of arrears in requirements setting as well as a rapidly changing regulatory landscape, the CRFP acts as a catalyst for this change. A project lead will have the day-to-day responsibilities for managing the CRFP
As Team Lead of the Credit Risk Requirements Setting team, you will be responsible for the remediation of ECB obligations, the development of principles, calculation standards and data requirements for the RWA calculation, COREP exposure classes, rating assignment, connected clients, group support, credit risk reporting, etc. The activity of the team relies on strong knowledge of the CRD/CRR/CoRep/FinRep and other areas of related regulation, in particular from the perspective of further specifying the implications of the CRR in precise requirements. For more complex discussion, the team is able to reach out to regulatory expertise based on precisely articulated questions. A key aspect of the requirement setting is to further define data attributes that are already broadly defined in the Bank’s Policies and Standards.
The Credit Risk Requirements Setting team is operating in a challenging environment of fast pace developments to improve the current situation and to prepare for future regulations. As the team lead, the team will be looking for your guidance and vision on the implementation of the credit risk regulatory requirements across the Credit Risk Life Cycle, the future development of the credit risk regulations and the set-up of the related requirements. You will represent the team in several meeting-cycles with senior management and bank-wide projects. At the same time you will be organizing the team to become a pro-active center for credit risk requirements setting that provides sufficient countervailing power to the other departments. In your discussions with policy experts, the business teams and the IT implementation teams, you will have to find a balance between several interest in the bank that relate to the specific regulatory topics you are working on. The topics the team is working on are defined in work packages, and the way of working is a semi-sprint based approach.