SRT Risk and Controls Specialist

We are looking for someone with strong experience in Significant Risk Transfer (SRT) and synthetic securitisation to help strengthen the way these transactions are assessed, controlled and monitored. The role will sit across a number of teams and will play an important part in making sure transactions are structured and managed in line with regulatory expectations, internal risk appetite and capital treatment requirements.

This is a hands-on role that will involve working closely with Structuring, Treasury, Risk, Finance and Regulatory Reporting to close control gaps, support remediation activity and help embed sustainable BAU processes.

Key Accountabilities

• Using your technical knowledge of SRT requirements to support transactions, particularly where banks are originating synthetic securitisations.
  
• Reviewing or carrying out commensurate risk transfer assessments and considering whether the capital relief achieved is appropriate to the credit risk transferred.
  
• Applying risk appetite to deal approval, ongoing monitoring and escalation decisions.
  
• Supporting engagement with regulators on complex SRT transactions, including preparing submissions and responding to supervisory challenge.
  
• Helping to design and embed controls as part of a remediation programme, making sure regulatory requirements and findings are translated into practical controls across deal approval, monitoring, capital calculations and reporting.
  
• Defining clear control ownership and ensuring there is appropriate evidence to demonstrate operating effectiveness.
  
• Supporting the remediation of assurance findings and control testing activity.
  
• Working with detailed transaction and collateral data to support senior management decision-making and portfolio risk analysis.
  
• Supporting stress testing analysis and the modelling of stressed collateral assumptions.
  
• Contributing to enhancements in stress testing so that it aligns with updated Bank Risk Appetite for SRT.
  
• Tracing transactions and underlying exposures through to capital calculations and regulatory reporting.
  
• Helping to strengthen controls around data completeness, pool-to-source reconciliations, manual adjustments and exceptions.
  
• Working across teams to resolve gaps and ensure controls can be operated and evidenced effectively by BAU owners.
  

Skills/experience:

• Strong technical understanding of SRT requirements and synthetic securitisation structures.
  
• Experience performing or reviewing commensurate risk transfer assessments.
  
• Experience applying risk appetite in a transaction approval and monitoring environment.
  
• Experience engaging with regulators on complex transactions and managing supervisory challenge.
  
• Experience designing and embedding controls within a remediation programme.
  
• Experience remediating assurance findings or testing controls would be helpful.
  
• Good quantitative and deal-modelling skills are desirable.
  
• Comfort working with granular transaction, collateral and capital data.
  
• Good understanding of regulatory reporting and capital calculation processes.
  
• Strong stakeholder management skills and the ability to work across multiple teams.