Regulatory Reporting Accountant

£45000 - £55000 per annum
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SIMON TAYLOR

Purpose
The regulatory landscape in banking is constantly evolving and regulatory skills are increasingly in demand. This role offers a perfect opportunity for a fully qualified or part-qualified Accountant with previous regulatory reporting experience to further their experience and build a finance career in a dynamic and global banking institution.


The role will involve producing regulatory reports both to external regulators and internally to HO or senior management. User acceptance testing to automate the production of regulatory returns in OSX reporting tool and to assist in bedding down the regulatory reporting processes, in particular to assist with any upgrades or modifications to OSX applications. This may be driven in particular by new regulations or business activities through the expansion of trading and banking activities. It may also be driven by the evolution of a branch as well as a subsidiary in London.

Responsibilities

  • Ownership of tasks within daily, monthly & quarterly regulatory reporting required by local regulatory bodies (including UK and where relevant Overseas financial regulators or Head Office). These tasks will cover both prudential and supervisory reporting (COREP & LIQREP), including FINREP and Bank of England statistical returns.
  • The role will also cover preparation of Pillar 3 reporting and ILAAP. This individual will also have an opportunity to 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 assist the Regulatory Reporting Accountant and Senior Financial Controller in reviewing processes for the Regulatory Reporting deliverables in order to implement improvements to improve control and better utilize systems capabilities.
  • Ensure updated standard operating procedures documentation for the local regulatory reporting is maintained and also assist in completing periodic updates and where appropriate 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].
  • Assist the CFO & Head of Finance or Senior Financial Controller in the production of regulatory, financial reports and general management information data


Skills

  • Educated to degree level with a major in finance, economics or accountancy
  • UK accountancy qualification or part qualification
  • 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 regulatory reporting within a commercial/investment bank.
  • Banking product knowledge, including derivatives & commodities
  • Essential to demonstrate ability to work within a small team and take on ad-hoc tasks and activities.

McGregor Boyall is an equal opportunity employer and do not discriminate on any grounds.

 

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