Allegis Global Solutions is the exclusive Contingent HR services provider for one of the world’s leading banks.
At Allegis Global Solutions we’re proud to be the leader in global talent solutions. We draw upon decades of industry expertise to develop innovative tools, products, processes and strategies focused on outcome. Moreover, we’re incredibly proud to have built a culture that empowers our people to make their mark while making deep connections that will last a lifetime. With our passion and culture for talent, we are truly transforming the way the World acquires talent.
Our Client is one of the world's most international banks with over 1,100 branches, offices and outlets in 67 countries. They operate in some of the world's most dynamic markets and have been for over 150 years. More than 90 per cent of their income and profits are derived from Asia, Africa and the Middle East. Their brand promise, Here for good, underlines their distinctive approach.
JOB SUMMARY
Lead the development of new Recovery and Resolution operational cost process within the Group Stress Testing team, to support the Group’s Valuation in Resolution (ViR) Valuation 3 and Operational Continuity in Resolution (OCiR) capability. The role will be responsible for establishing strong process interlinkages between the two resolution barriers that fulfil the regulatory requirements of both resolution barriers. This requires a deep understanding of the BoE’s resolution requirements, particularly section 166, and good project management skills to drive complex changes spanning across various business and technology teams. The job entails understanding the bank’s operational process and translating analysis and processes to financial modelling outputs. It offers a unique opportunity to learn about the operations and financials of the bank and to deliver insights that influence strategy and financial planning.
Strategy
- Develop the strategic requirements for Recovery & Resolution cost-related processes, and work with OCiR and Finance stakeholders to establish strong process interlinkages and translating it to financial outputs.
- Ensure that the established processes are robust, fulfils the resolution timelines and both OCiR’s and ViR’s regulatory requirements and objective. All requirements should be effectively implemented and tested.
- Embed the processes into BAU and deliver insights from scenario modelling that inform the Group’s restructuring strategies, recovery plan and corporate plan, including combined capital and liquidity stresses.
Processes
1. Section 166 – Business engagement and process establishment
o Engage business and COOs to translate the bank’s operational considerations into financial forecast.
o Develop an analytics or modelling tool to translate operational considerations into the bank’s cost
o Provide support to the design and co-ordination of all stakeholders on the methodology and process, and embed into BAU processes and playbook. Ensure that the right participants have been engaged
o Lead all the implementation activities, including training and communications, and ensure all necessary post-implementation support activities are performed, including BAU transition and handover.
o Create transparency and relevant analyses around the outcome of the exercises.
2. RRP Cost calculator system development
o Understand how the SAC Cost Calculator works and the impact of OCiR on the financial forecast.
o Provide requirements based on the established process and integrate it into the SAC cost calculator.
o Ensure that all post-implementation activities, including UAT are performed.
3. Project Management
o Strong stakeholder management skills to drive complex changes spanning across various business, COOs and technology teams.
o Provide business analysis, process design, change management and data management expertise to undertake the end-to-end delivery of all projects/initiatives.
o Maintain strong project management disciplines.
o Ensure all analysis, design and change management artefacts produced by the team meet the required quality standards.
o Provide oversight/support to the design and co-ordination of all business testing activities and the right participants have been engaged.
o Lead all the implementation activities, including training and communications.
o Ensure all necessary post-implementation support activities are performed, including BAU transition / handover.
EXPERIENCE
- The ideal candidate would have 10+ years of financial institutions experience in Finance, Operations and/or project management.
- An ability to think both strategically and analytically and apply these skills to the project.
- The individual should have a good understanding of banking products, systems and processes within the bank.
- Highly refined interpersonal and stakeholder communications skills as well as ability to extract and present key messages effectively.
- A “Team player” approach is critical.
- Able to work under pressure and meet tight deadlines while delivering quality output to senior management.
