Recovery and Resolution Planning Manager

  • Location: London, England, United Kingdom
  • Salary: competitive
  • Job Type: Full time

This is a new high profile role with responsibility for the EMEA Recovery & Resolution Program. Based in Finance, the Recovery & Resolution Planning Manager will work with stakeholders across the organization to develop high quality Recovery and Resolution plans that comply with all relevant rules and regulations that are fully aligned with regional ICAAPs and ILAAPs. The successful candidate will have an opportunity to gain a holistic understanding of Northern Trust’s legal structure, business activities, and governance across the region.

The key responsibilities of the role include: 

1.  Regulatory developments

Responsible for monitoring BRRD and related regulations in the EMEA region to ensure compliance with rules and regulations relevant entities

Assist with the analysis of other areas of prudential regulation across UK, Luxembourg, Saudi Arabia, Guernsey and Ireland

Play a pivotal role in the regulatory developments tracking process and providing succinct analysis of relevant regulatory developments to Management

2.  Recovery planning for NT’S European Bank entity

Overall responsibility for the production and annual refresh of the recovery plan.

Review and update the governance and invocation procedures for the plan

Review, update and develop the financial indicators incorporated into the indicator framework 

Analysis of Critical Economic Functions

Review and update of the entity’s recovery option suite  

Review and update scenario analysis (idiosyncratic/systemic & combined)

Liaise with partners from the business to identify and evaluate any disposal options

Lead and manage a periodic test and walkthrough of the plan with Senior Management

Incorporate any changes recommended by local regulators

3.  Group Resolution plan

Review and update content within the material EMEA entity chapters  that form part of the US Group Resolution plan

Assist in other Resolution plan work streams if required by the US Resolution Team

4.  UK Resolution pack 

Work with the business partners and corporate functions to refresh the Resolution pack for material entities in the UK

5.  EMEA ICAAPs & ILAAPs

Provide support throughout the production cycle for UK and other EMEA ICAAPs, working with business managers, risk and other areas of the organization as required.  This work will comprise elements of financial modelling, regulatory interpretation, scenario creation and analysis.

London, England, United Kingdom London England GB