Regulatory Reporting – Capital Adequacy – Large Exposure recruitment
Prerequisite:
Experience in all the following...
-FSA Capital Adequacy and Large Exposure Regime
-Preparing prudential returns
-Experience in all aspects of RWA and Capital Structure Rules
-Experience in being the “go to” person and team mentor on all issues including regulations and accounting/reporting requirements
-Consistent and relevant background in regulatory reporting
Responsibilities:
-Produce Group and Solo-Consolidated prudential returns for the FSA on a quarterly reporting cycle
-Covers 20+ FSA reports offering the individual the opportunity to focus on all aspects of capital and large exposure reporting for a bank that has substantial coverage of the FSA reporting environment
-Main focus on the key regulatory returns, namely Capital Adequacy and Large exposures requiring understanding of all aspects of the RWA and capital structure rules
-Particular focus on credit risk, market risk, operational risk and securitisation returns.
-Develop a change strategy for the Regulatory area - in addition to production tasks, taking responsibility for system and process improvements for the team
-Respond to supervisory initiatives and change - responsibilities are split between regulatory production and change
-Key role to build up FSA regulatory knowledge in Central Finance. Part of strategy to develop a very strong management layer within the FSA team
-Co-ordinate resources from other areas of the Group,plan and manage the timetable of data collection, consolidation and review to ensure that FSA deadlines are met.
-Review and challenge data, understand Group position and drivers of movements in reported numbers, generate and follow up on queries.
-Given responsibility for ownership of returns from production of numbers through to senior management signoff
-Responsibility for FSA reports highlighted above in conjunction with two further AD's. Split of returns subject to change offering full coverage of regulatory experience.
-Significant interaction with a number of different departments throughout the bank, namely business Regulatory teams, Financial Reporting. Group Risk, Treasury.
-Development of Regulatory department change strategy - reviewing future rule changes to determine impact on regulatory reporting
-Work on ad-hoc data requests from regulators such as Basel III QIS exercises, EBA stress testing,
-Involvement with projects to ensure that changes resulting from the regulatory changes are correctly implemented.
-Current significant projects include Basel III, Common Reporting, and implementation of new Regulatory Reporting system
-Develop process efficiencies to enable efficient and productive analysis of data
-Develop regulatory reporting system to enhance understanding of reported data
-Work with stakeholders to ensure that transfer of data and knowledge works effectively
The successful candidate will ideally be a qualified accountant, but a QBE will also be considered.
If you feel you have the relevant experience for this role or if you have any questions, please apply via Efinancial directly or email me your CV. (Jmazzeo@MayfordJames.com) Executive Consultant 0207 292 3999