REGULATORY REPORTING VP

VP Regulatory Reporting
£100,000 - £135,000 + bonus + benefits
London Docklands

The Company
They are a well known trading and financial services group and part of a global financial services and banking group.

The Role
This is a new role and is responsible for all regulatory reporting issues and deadlines for the companies based in the UK, Ireland and Channel Islands. You will sit on internal committees and project groups and will interact on a regular basis with external parties such as regulators, auditors and industry associations and internally with personnel within finance and treasury, compliance and risk departments, systems, group regulatory and senior entity management with front line regulator liaison. The role will also ensure processes are robust and also be key in the interpretation and anticipation of changes needed regarding continuing development within the regulatory environment. You will also participate (dependant on your arrival date) in the automation of manual processes and ensure the effective use of the new technology platform to obtaining output direct to regulators websites and maximise system functionality to increase the team's efficiency. Apart from managing a small team in London, you will oversee a production team at another UK location reviewing outputs. The role will also include:-
* Analysis and implementation of new regulatory reporting requirements and procedures, i.e. regulator handbook updates, consultation papers. Focus on CRD IV implementation.
* Business advice on regulatory reporting matters.
* Review and give significant input to stress testing and updates for the ICAAP and ILAA, including ad hoc forecasting.
* Oversight of the regulatory reporting process to FSA, CBI and Channel Islands Authority, ensuring accurate and timely reporting: FSA001, FSA002, FSA003, FSA008, FSA018, FSA 047 - 054. COREP, weekly stock brokers report, client money report and the newly introduced FINREP returns for CBI. Also ANLA calculations for Channel Islands Authority.
* Oversight of the daily capital adequacy, liquidity and large exposures calculations MI process. Getting actively involved in reconciliations and variances, including liaison with the business, and reporting on explanations for movements.
* Oversight of internal regulatory MI to group.
* Managing and develop a small team.
* Being a key contact point and relationship manager with the New York business, the banking parent and external auditors on regulatory and other issues as required.

Who they are looking for
To be considered for this role you must:-
* Have a university degree and either be a qualified accountant or qualified by experience with financial services industry experience and;
* Have detailed knowledge and experience of FSA regulatory rules in an investment firm (BIPRU and GENPRU) and;
* Have regulatory systems experience and strong computer skills and a vision of automation and;
* Be highly organised with ability to meet strict deadlines and;
* Be a team player, with ability to motivate and develop staff.

September 25, 2012 • Posted in: General

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