Interim Regulatory Reporting
Challenger Bank based in central London
6 month contract
up to GBP600 per day ltd
1 or 2 days in the office but very flexible on hybrid working
A Challenger Bank in Central London, with significant growth, are hiring a 6 month interim to help support the Regulatory Reporting team. The role works closely with the Head of Regulatory Reporting to produce the returns and help on projects.
You will be part of a motivated, friendly and busy finance to produce the Regulatory Returns as well as automating and enhancing controls and reporting processes. You will champion communication of any regulatory changes and updates and use your knowledge of regulatory reporting requirements including the changes and impact of CRR2.
Accurate and timely delivery all regulatory returns in line with PRA and FCA submission requirements;
Production, analysis and submission of the statistical returns required by the Bank of England, supervisory returns for the PRA and European Banking Authority (FINREP, PRA, BoE and COREP reports);
Returns include COREP, FINREP, LCR, NSFR, ALMM , PRA110, NL form, Loan Assets, FSA017, PRA018, Basis Risk return, Covid19 return and BoE returns;
Assist with the analysis and communication of policy and market developments in regulatory reporting and update senior management of any upcoming changes;
Assist with modelling the impact of new deals;
Performing detailed analysis of the accounting, regulatory capital and liquidity impact of new products;
Maintain and review procedure documentation;
Ensure strong governance is in place around regulatory reporting;
Assist in developing liquidity forecasting capabilities of the banks liquidity metrics;
Assist Risk with the preparation of the ILAAP & ICAAP process;
Ensure good working relationship with regulators; and
Support the company’s growth strategy for Regulatory reporting.
Project & Automation duties
Automating procedures and using the regulatory reporting system;
Responsible for the development of improved controls in the reporting, and process improvement, ensuring efficiency and effectiveness;
Enhancing controls of specific returns; and
Implementation of new regulation or portfolios impacting the Bank.
Skills & Experience
You will be experienced in Regulatory Reporting, ideally from an SME bank and UK retail banking. The main skills needed are:
Experienced in capital and liquidity returns;
Knowledge of CRR2;
Strong excel and able to complete manual returns;
Demonstrate extremely high-standards and driven by accuracy, integrity, controls and governance;
Clear understanding of regulator expectations and able to communicate regulatory information to stakeholders;
Excellent knowledge of current and future regulations;
Ability to work independently and be self-motivated.
Fully qualified Accountant (ACA/ACCA/CA/CIMA)
The role will ideally start immediately or, they can wait for a short period, if you have a 2-4 week notice period.