Director, Capital Forecasting in London

Currently we are looking for a Director, Capital Forecasting to our branch in London. This is a key role aligned to the strategic objectives of the Group to improve ROTE and return capital to shareholders. The Director, Capital Forecasting, is responsible for maintaining the Group’s capital forecasting model, reporting and managing key capital ratios and providing insights and recommendations with respect to capital. This role is also critical to ensure compliance with regulatory requirements and to maintain financial stability. The role holder will have the opportunity to lead and engage in numerous high profile, Group-wide capital-related initiatives and activities.

Strategy

• Manage the Group and Solo capital position, ensure compliance with all applicable requirements.
• Provide insight and foresight to key stakeholders, including the PRA.

Business

• Manage the capital forecast model and report capital metrics to senior stakeholders such as the Global Asset and Liability Committee (GALCO), Board Risk Committee (BRC), Group Risk Committee (GCRC) and the Board.
• Drive interlock of capital forecasts between balance sheet, leverage and RWAs.
• Solo lead, and drive Solo forecasting improvements.
• Identify and facilitate execution of RWA and Leverage optimisations.

Key Responsibilities

• Monitor and report the Group and Solo capital ratios (including CET1, Leverage and Double Leverage) against regulatory requirements, internal risk appetite and peers.
• Provide high quality commentary, covering implications, recommendations, risks and opportunities.
• Act as lead for Solo capital forecasting, including Solo ALCO reporting, setting and maintaining Solo capital guardrails, and providing capital SME support to Solo Treasurer.
• Lead and manage the monthly submission of Capital+ to PRA.
• Assist Group Regulatory Reporting in the production of the capital sections of the Pillar 3 and Annual/Interim reports.
• Assist Investor Relations with understanding capital movements and messaging to market.

Provide expertise and recommendations

• Advise and recommend on capital related matters relevant for Group and Solo.
• Contribute to the analysis and communication of the impacts of regulatory changes and related market developments.
• Drive and develop capital subject matter expertise on digital asset ventures.

Engage with Key Stakeholders

• Work collaboratively with stakeholders, including Senior Management, Business, Finance, FP&A, Risk, Regional Treasurers and Stress testing teams to ensure a comprehensive and integrated approach to capital planning.
• Work closely with the Capital Issuance team in Treasury to ensure capital forecasts reflect the evolution of the capital stack e.g. due to issuance, redemptions etc.
• Externally, the role will have direct exposure/input to the PRA via monthly Capital team meetings.

Skills and Experience

• Governance, Regulation and Risk Management.
• Capital Management.
• Finance and Accounting.
• Effective Communications.
• Financial Analysis.
• Knowledge of Organization.

Qualifications

• Relevant degree in Accounting, Finance or Risk Management.
• 5+ years experience in Financial Services industry.
• Experience in Group Treasury and/or Capital Management and/or Risk Weighted Asset calculations; experience with UK/European regulations would be preferred.
• Proficient in MS Excel and Powerpoint.
• Able to construct messages appropriate for senior stakeholders, internally and externally.
• Able to decipher and communicate complex regulatory text.
• Technical ability to build and understand complex excel models.
• Analytical ability to reduce large amounts of data into concise messaging for senior management.
• Strong stakeholder and project management skills.
• Able to work in a dynamic environment and in very fluid situations with tight deadlines.
• Able to coordinate and work with diverse teams across functions and the business, as well as senior management.
• Ability to lead and drive initiatives with a structured and focused approach.

What we offer

• In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.
• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits.
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.