As an Executive Director of Recovery & Resolution Planning within our firm, you will act as the primary authority on US Recovery & Resolution (R&R) planning requirements. Your responsibilities will include offering strategic guidance, interpreting rules, and supporting the firm's advocacy efforts in relation to R&R planning and Total Loss Absorbing Capital (TLAC). You will also lead a team tasked with maintaining the firm's R&R capabilities testing and assurance contingency actions frameworks, and supervising the execution of central R&R testing and assurance activities.
Job Responsibilities
- Maintain a deep level of expertise on rule requirements and supervisory expectations for TLAC and R&R planning, particularly as they evolve with market events
- Work with the RRP team, corporate functions and Lines of Business (LoBs) to help drive advances in the Firm’s R&R planning processes that are aligned with supervisory expectations
- Represent the Firm’s advocacy position on TLAC and key R&R related matters with policy makers and trade associations
- Maintain and oversee documentation and ongoing application of the Firm’s testing and assurance framework covering it’s US R&R capabilities
- Maintain and oversee ongoing application of the Firm’s framework for identifying, quantifying and testing a comprehensive list of contingency actions
- Plan and execute on the firm’s centrally managed R&R testing program
- Represent the Firm with supervisors in their reviews of the firm’s capital management framework and recovery and resolution plans
- Develop the Firm’s approach to addressing new Resolution requirements for its Insured Depository Institution
Required qualifications, capabilities and skills
- 10+ years of experience working with US regulations in the financial services sector
- Deep expertise in US Resolution and/or Recovery planning requirements
- Policy Advocacy with US Regulatory Agencies, or work experience in a US Regulatory Agency
- Experience with managing significant projects at a globally active financial institutions
- Team management experience
Preferred qualifications, capabilities and skills
- Broad expertise across the US prudential regulations