FSA Regulatory Reporting Specialist recruitment

Job Purpose:

Due to an increase in responsibility in the wider regulatory team as a result of the significant regulatory change being implemented over the next 18 months, an opportunity has arisen for an individual to manage the existing Capital Supply team.

Key stakeholders within this role include other Group functions such as Treasury, Risk and Financial Reporting as well as business financial and regulatory teams.

Key output is to produce components of the group prudential returns for the FSA, monitoring compliance with prudential requirements and limits. To facilitate the best use of capital capacity by sharing knowledge with other parts of the Bank.

The successful applicant will bring experience of working in a FSA regulatory reporting team with a track record demonstrating understanding of the requirements and experience of managing a team.

Key Responsibilities:

Reporting - 70%

Personal Attributes:

Technical Skills Knowledge

• Has strong core technical / systems knowledge

• Track record of managing a team within a regulatory reporting environment

• Understanding of the FSA regime covering capital adequacy and large exposures

• Has the relevant qualifications or professional accreditation

• Understands legal and company regulations and standards

• Keeps up to date with professional developments

• Shows broad business knowledge and business literacy

Decision Making

• Identifies key info / data needed to support decisions

• Spots patterns in data, and recognises reasons and implications

• Balances own intuition, supported by evidence

• Seeks ideas from a range of stakeholders

• Anticipates potential barriers and objections in advance

Quality, High Standards Controls

• Meets quality, speed and cost standards, even in times of change

• Gets things consistently right first time, takes pride in their work

• Pays attention to detail; ties up loose ends, sticks to relevant procedures

• Challenges previously acceptable standards

• Assists with the documentation of processes

• Regularly check standards and correct errors

• Assist with co-ordinating resources from other areas of the Bank, planning and managing the timetable of data collection, consolidation and review to ensure that FSA deadlines are met – failure to comply would result in a public fine with consequent reputational damage.

• Produce Regulatory returns (focusing on Capital Reporting, Large Exposures, Balance Sheet and Profit Loss Reporting) together with supporting analytical material as agreed. There is a strong focus on quality and a need to work to tight deadlines.

• Aid with production of Capital Adequacy information to be included in Results Announcement and Annual Report

• Review and challenge data, generate and follow up on queries.

• Produce supporting schedules to facilitate the management review process

Systems and Process - 30%

• Provide assistance to businesses with systems issues and change requests for all relevant aspects of Hyperion.

• Maintain and develop models that generate the FSA Returns. This will include ensuring that group policy on model risk and use of large complex spreadsheets are followed.

•  Change processes as Business and Supervisory requirements evolve, maintain process maps and procedures manual in accordance with Group Controls/Compliance requirements.

• Maintain relevant documentation for Sarbanes Oxley process.

• Provide support to Capital Demand team on Hyperion queries and development of any models required.