Job Description
The Royal Bank of Scotland Group has an international presence in banking and the pride we take in pursuing excellence and innovation is matched by the dedication we show to our employees and their development- Background
The objective of the Non-Core Division is to achieve the fastest practicable exit from businesses, locations and asset pools which are no longer considered core to the continuing RBS Group consistent with: 1- Maximising shareholder value through - Optimising the timing and method of exit
- Effective portfolio management, reducing capital committed, funding requirements and the cost base of the RBS Group associated with the Non-Core businesses-
2- Protecting the Core RBS franchise through - Freeing Core business management to focus on the continuing business of the Group
- Preserving Core client relationships with linkages to the Non-Core Businesses
Purpose of the role · Overall responsibility for the risk profile associated with the assets held within the NCD International Businesses and Portfolios business unit which are designated as International Businesses in Europe, plus other assets and portfolios as specifically directed- · Covers responsibility for Risk in Lombard, IF and GTS, European GBM and Retail+Commercial exit businesses, and leadership/direct management of the risk teams supporting these activities · Manage country risk exposures within Non Core & APS division including definition of appropriate divisional risk and control frameworks · In conjunction with the business areas of International Businesses and Portfolios responsible for the business areas within scope as defined above - NCD work to preserve asset value through effective risk management and stewardship across credit, market, operational and regulatory risk management- This will include ensuring that suitable risk frameworks are established and operating to ensure risk exposures are identified, assessed, managed and mitigated within overall risk appetite parameters- It will also involve engagement in sale and disposal discussions and assessment of the risk impact of strategic options available for this portfolios The successful candidate will:- - Process Credit Events of Structured trades; liaise with Middle Office and Legal to ensure settlement of events-
- Deal with ad-hoc client query pertaining to day-to-day maintenance of Structured Trades-
- Act as a point contact for Rating Agencies for all questions pertaining to Note ratings-
- Calculate, maintain and augment collateral posting requirements for Notes containing ratings downgrade triggers-
- Assist and liaise with Middle Office to ensure operational and economic risk are managed and minimised-
The Individual
Ideally possessing a strong numerate degree you will also have a:-
- Good understanding of typical credit products and mechanics-
- Good understanding of Credit Event settlement-
- Reasonable ability to review documentation for key economic data and typical obligations and requirements of the swap counterparty-
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