Regulatory Reporting Associate recruitment
Department overview:
Regulatory Reporting is a key component of the Finance Department, which has an excellent reputation within the bank and externally. We pride ourselves on our professionalism within a Department with a culture that encourages dynamism and flexibility.
Senior management takes a hands-on approach within the department, and is keen to reward hard work, enthusiasm and success. A willingness to constantly question established processes, and strive for improvements is actively encouraged, leading to an ever changing and exciting environment. Nomura presents a unique opportunity to learn and gain experience of a broad range of products and business lines within a supportive setting and surrounded by skilled professionals.
The Reporting team is based onshore and offshore, the majority of daily reporting and a significant proportion of monthly reporting is performed by the Regulatory Reporting team based in Mumbai.
Role/principal accountabilities:
The role is in the Regulatory Control department of Nomura's UK Finance Division, taking responsibility for running daily, weekly and monthly processes which underpin external and internal regulatory reporting for the European consolidation group (including the main broker dealer, Nomura International plc). It will include working with colleagues in both London and Mumbai.
The role involves running both daily weekly and monthly capital and liquidity reporting processes. This will cover both current reporting processes and the implementation of new processes in respect of developments such as;
• CoRep
• Model Waivers
• Basel III
• Changes to liquidity reporting
• Implementation of new strategic reporting platform
The individual will be expected to ensure the control environment is robust and that key control processes are performed and reviewed and resulting action taken where required.
The role will also require the individual to manage the ongoing development of processes as new requirements come in to place.
The reporting produced by this team is extremely high profile and therefore will provide the candidate considerable access to people within the team and across departments.
Capital Adequacy
The candidate will be required to run and validate daily, weekly and monthly reporting processes, and develop sufficient experience and understanding of the reporting processes to be able to respond to ad-hoc queries and coordinate more complex ad-hoc queries effectively and validate results from the processes they run.
On the job training will be provided and individual will be expected to be a self starter and able to leverage training material and knowledge of individuals within the team.
Liquidity
Liquidity reporting is produced daily for internal monitoring purposes and submitted to FSA on a weekly basis. The candidate will be involved in the daily production process supported by team members in Mumbai. Due to the nature of liquidity reporting the candidate will be required to have well developed analytical skills and attention to detail.
3 key objectives critical to success of the role:
• Ability to work to high degree of accuracy with logical and structured approach
• Ability to self review, identify issues and investigate / escalate appropriately
• Flexibility and the ability to keep pace with ever changing International and UK regulatory capital rules, and resulting change to business processes
Qualifications required:
ACA ACCA, CIMA or equivalent
Skills and experience required
• Ideally newly qualified from big four accountancy firm with financial sector audit experience
- Alternatively Regulatory Reporting production experience in an investment bank running PRR or CRR capital calculations
- Experience of process and control design and implementation
- Strong communication skills (written and verbal)
- Conversant with investment banking systems and data management techniques
- Results focussed in a pressurised environment with tight reporting deadlines.
- Organised and methodical with attention to detail
• Regulatory Reporting software experience - e.g. SECAM, FRS, STB, AXIOM
Right to Work
The UK Government have taken steps to reduce net migration to the UK by limiting the number of overseas workers from outside the EEA coming to the UK for employment. Please note that whilst we are able to consider applications from overseas workers from outside the EEA ( who require a Tier 2 (General) visa) we can only employ them if we can provide evidence that there are no other suitable candidates for this vacancy from inside the EEA.