Consulting, FS, Risk & Regulations - Senior Associate/Manager (UAE/KSA)

Business Unit Description

Why PwC

Established in the region for over 40 years, PwC Middle East employs over 6,000 people across 12 countries: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, Qatar, Saudi Arabia, Palestine and the United Arab Emirates. Complementing our depth of industry expertise and breadth of skills is our sound knowledge of local business environments across the Middle East region. Our tailored solutions help our clients meet the challenges and opportunities of doing business in the Middle East market, and beyond.

BU Description

The Financial Services Consulting team at an unspecified company offers a comprehensive range of services to clients in the banking and financial services industry. The team assists clients with strategy and revenue growth by developing business plans, optimizing revenue generation, and analyzing product portfolios. They also provide operational excellence services such as organizational restructuring, corporate governance development, performance management, and cost optimization. Additionally, the team offers risk consulting services including risk appetite definition, framework development, and risk reviews. They also assist with technology enablement through system selections and implementation program management, as well as analytics.

Job Summary

The Risk and Regulatory Consulting team provides advisory services in the area of risk and regulatory matters. The work we do includes providing regulatory advice, assessing the state of compliance with regulatory requirements, and formulating recommendations for processes and controls to better comply with industry/market practices, regulatory requirements and regulators’ expectations. We also provide benchmarking for financial institutions. Our focus areas are Regulatory compliance for banking regulations, Data Governance & Quality advisory, Risk-Finance alignment.

• Collaborate with engagement team members to advise  financial services clients such as asset managers, banks, or insurance companies on areas relating to risk, regulation, data, and compliance
• Assist in development and implementation of new risk and regulatory strategies, policies, and capabilities
• Support financial services clients in their journey to comply with  international and local regulations
• Support financial services clients in their operational and cultural transformation in areas such as Data Governance, Enterprise Risk Management, Risk and Finance Alignment, Board Governance etc.
• Contribute to the maintenance of high quality client relationships by producing exceptional deliverables for clients
• Conduct review and analysis of credit risk, BCBS 239, operational risk, including providing coaching to junior staff on engagements
• Demonstrate ability to apply judgement, initiative and lateral thought to problem-solving
• Supporting Engagement managers  in the development of the Risk team.

Roles & Responsibilities

You'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this management level include but are not limited to:

• Use feedback and reflection to develop self awareness, personal strengths and address development areas.
• Delegate to others to provide stretch opportunities, coaching them to deliver results.
• Understanding credit risk, market risk, counterparty credit risk.
• Risk modelling - credit risk models, stress testing, application scorecards, behaviour scorecards, credit rating models.
• Risk management framework, policies, procedures, processes
• Demonstrate critical thinking and the ability to bring order to unstructured problems.
• Use a broad range of tools and techniques to extract insights from current industry or sector trends.
• Review your work and that of others for quality, accuracy and relevance.
• Know how and when to use tools available for a given situation and can explain the reasons for this choice.
• Seek and embrace opportunities which give exposure to different situations, environments and perspectives.
• Use straightforward communication, in a structured way, when influencing and connecting with others.
• Able to read situations and modify behavior to build quality relationships.
• Uphold the firm's code of ethics and business conduct.

Skills and Competencies

• Experience in the following domains:

1. Risk Modeling and Validation - IFRS 9 models, scorecards, rating models
2. Credit Risk/Market Risk
3. Regulatory Advisory - Basel III/IV, Stress Testing, RRP 
4. Asset Liability Management related advisory experience
5. Digital Banks 
6. Developing models using Machine Learning
7. Climate Risk (Preferable but not mandatory)

• Good presentation skills, both oral and written
• Team player who works effectively under pressure and have the ability to multi-task and prioritise workload and with good working knowledge of Microsoft Office Suite
• Familiarity of the key strategic business drivers, regulatory constraints and operational process requirements across financial services is a plus
• Good interpersonal and organisational skills

Educational Qualifications & Certifications

Education: Bachelor’s degree in Finance, Business, and Economics, Technology or other related major required.
Years of Experience: 3-7 years of experience in the Financial Services field. In depth previous experience with Risk & Regulations.
Previous experience within the Middle East is a plus, particularly towards the latter part of the career.