Regulatory Reporting AVP/VP
Our client is a tier 1 bank, seeking several senior and mid- level hires within their Regulatory Reporting team.
Main Purpose:
- Key role that is part of the strategy to strengthen regulatory expertise in Finance, and as part of this a strong management layer within the regulatory reporting team
- To manage the production of Group prudential returns, focusing on RWA data, monitoring compliance with prudential requirements to facilitate the best use of capital capacity.
- In addition to production tasks, taking responsibility for system and process improvements for the team
- Provide input into the on-going project teams working in the regulatory space
- To respond to supervisory initiatives and change.
- The role entails working in a matrix environment
Accountabilities:
- Regulatory Reporting: Producing Capital Adequacy and related returns together with supporting analytical material as agreed. Operate an effective review and challenge to ensure the data is fit for purpose with strong focus on governance, best in class quality combined with the need to work to tight deadlines. Also, Producing Capital Adequacy information to be included in Results Announcement, Annual Report and Pillar 3 report
- Responding to Supervisory Change and ad-hoc requests
- Systems and Process: Provide business input for regulatory aspects of systems changes, especially in light of COREP implementation. Also, Liaise with stakeholders to ensure any potential process change impact is identified and adequately managed
Qualifications:
- Experience within Regulatory Reporting within a large Financial Services organisation
- Proven Management Experience (not essential, but preferred)
- Strong Communication, both written and verbal
- Proven track record building relationships with senior stakeholders
- Exceptional Core technical knowledge within Regulatory space
- Qualified accountant with regulatory reporting experience
- Strong knowledge of the PRA Capital Adequacy regime
- Broad knowledge of banking business and products
The successful candidate will address several key issues over the next 12-24 months, including:
- Impact of Basel III on the reporting of risk, both internally and externally.
- Continued development of reporting functionality to better anticipate the needs of the recipients.
- Support the introduction of new methods for capturing and retaining data used within the reporting processes.
- Continued training and development of all team members.
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