Risk Strategy – Global Stress Testing Programme


Risk Strategy – Global Stress Testing Programme

Job Title: Risk Strategy – Global Stress Testing Programme
Contract Type: Temporary
Location: London
Salary: £600 - £700
Start Date: ASAP
Reference: PW728263
Contact Name: Phillip Wood
Contact Email:
Job Published: January 27, 2017 18:54

Job Description

Change Delivery drives transformation projects and programmes from inception through to benefits realisation. In this case, the Global Stress Testing Programme is a change programme delivering ambitious improvements to stress testing practices which is driven by an increase in demand and complexity for stress tests from both internal customers and regulators, including the PRA Firm Data Submission Framework “FDSF”, US CCAR and others.

This role is to collate and develop detailed Business Requirements (all requirements including non-functional) from across the ‘non-FDSF’ areas of scope which include:

  • End to end, front to back to support the Operating Model that has been developed
  • Across all risk types, Credit, ALM, CCR, MR, SF, Operational Risk, Pension Risk
  • A new right-shored stress testing utility

The Business Analyst EWST will be responsible for:

  • Eliciting requirements using interviews, document analysis, requirements workshops, surveys, business process descriptions, diagrams, use cases, user stories, business analysis, task and workflow analysis
  • Articulate good quality Requirements articulation to industry best practice standards
  • Requirements Traceability
  • Requirements Management including change control
  • Good handoff between Requirements and Development Teams
  • Good preparation for Functional and User Acceptance testing including the definition, planning, preparation, execution, reporting and leading of these key test phases

Impact on the Business

  • Deliver high quality, detailed business requirement and process design documentation using standard templates and natural language
  • Takes ownership and ensures risks, issues and interdependencies are managed with support of the Workstream Lead where needed
  • Ensure the use of standard methods / tools to deliver solutions that fit within the wider business architecture for processes, data, roles, metrics, etc
  • Continually seeks ways of improving work processes.  Interfaces with all levels of management to identify, develop and implement initiatives to improve departmental efficiency, customer care and expense control

Stakeholder Management

  • Build trusting relationships with internal customers by consistently delivering value add consultancy services and delivery that exceeds expectations and positions or sustained success
  • Be knowledgeable about business drivers and customers, the businesses of competitors, and emerging trends in the industry landscape
  • Proactively interact with its delivery partners (Service and Software Delivery) to understand current state and go forward opportunities 

Leadership & Teamwork

  • Collaborate with other Change Delivery teams to ensure commonality and consistency of solutions, especially with RBWM, ALCM, Risk Strategy and SWD teams
  • Facilitate workshops with business and technology partners to develop suitable solutions
  • Contribute to creating a new Change Delivery culture by leading team with the highest possible standards
  • Collaborate with other regional/local Change Delivery teams to ensure commonality of approach and consistency of solutions  

Operational Effectiveness & Control

  • Maintain and ensure due observance of Internal Control Standards and Group Compliance Policy, including the timely implementation of recommendations made by internal / external auditors and external regulators
  • Develop and deploy standardised operational processes globaly such that these processes can be readily migrated to low cost GR centres where we can leverage the group’s global economies
  • Ensure that assignments / projects are delivered using the appropriate technologies and tools including Group standards
  • Contribute to enhancing Change Delivery methods, tools and standards
Management of Risk

The jobholder will ensure the fair treatment of our customers is at the heart of everything we do, both personally and as an organisation. This will be achieved by consistently displaying the behaviours required to support the Best Place to Bank principles of Make Better Products, Sell Them Properly and Keep Them Sold.

The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.

This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring.

Also by addressing any areas of concern in conjunction with line management and/or the appropriate department.

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