Regulatory Reporting Accountant - 12 month FTC
An opportunity to join the Finance Function as a Regulatory Reporting Accountant has arisen where you will be working in a team, your role will include the preparation of both internal and external regulatory returns for the business.
Key Responsibilities (but not limited to):
Ownership of tasks within daily, monthly & quarterly regulatory reporting required by local regulatory bodies (including UK and where relevant Overseas financial regulators). These tasks will cover both prudential and supervisory reporting, including preparation of Pillar 3 reporting and ILAAP. This individual will also work with the risk team in the preparation of the ICAAP document.
Preparation of the daily regulatory monitoring reports for capital adequacy and liquidity and monitoring against internal and external guidelines, escalating where appropriate.
Investigation of issues and exceptions with other members of the Finance function, Technology, Risk and Operations and any other areas of the Bank.
Analysis of the internal monthly capital, liquidity and other information to ALCO and external monthly, quarterly/semi-annual and annual returns.
The role holder is mandated to review processes for the Regulatory Reporting deliverables in order to identify & implement improvements to improve control and better utilize systems capabilities.
Standardising the documentation for the local regulatory reporting and managing the periodic updates and reviews of the changing regulatory requirements and proposing required changes through preparation of appropriate regulatory reporting policies.
Assisting in the planning, testing and implementation of key systems projects which affect Regulatory Reporting & wider Finance team as required [NB: for new products this will involve understanding the product features and required regulatory data and defining the requirements as part of the New Product Approval (NPA) sign-off].
Provide leave of absence cover for the production of other deliverables within the department as appropriate in order to satisfy internal control framework requirements.
In addition to these functions, employees are required to carry out such other duties as may reasonably be required.
Maintenance of data which is compatible with the automated regulatory reporting system.
Ensuring all financial and non-financial data used for the regulatory returns have been fully reconciled and where appropriate substantiated with other teams (risk and operations).
Ensure complete capture and no duplication in regulatory data
Assist the CFO & Head of Finance or Senior Financial Controller in the production of financial reports and general management information data
Other ad hoc projects assigned by CFO or Head of Finance or Senior financial Controller.
Educated to degree level with a major in finance, economics or accountancy
UK accountancy qualification or part qualification or "qualification by experience"
Good regulatory knowledge including Corep, Liqrep, and Bank of England returns (preferably with experience of WKFS' "OSX".)
Good knowledge of legacy IRR reporting (Capital+)
Experience in a finance department within a commercial/investment bank.
Banking product knowledge, including derivatives & commodities
Good accounting knowledge for general banking products, including commodities