Regulatory Reporting Manager - 12 Mth FTC

Our client is a small to medium European Bank who are looking to hire a Regulatory Reporting Manager for their London Office.

Job Purpose

Manage all aspects of the Bank’s Regulatory Reporting Finance function ensuring compliance with the UK regulations.

Responsibilities & Accountabilities    

• Day-to-day management, training and supervision of the Regulatory Reporting Officer
• Ensuring regulatory reports are completed consistently, accurately and reliably and submitted on a timely basis (COREP, FINREP, BoE, Large Exposures, MLAR, LCR, NSFR).
• Detailed variance analysis, key control totals reconciled, user controls on key manual spreadsheets.
• Maintaining control over system parameters to ensure the uploads into FCA’s/PRA’s REG DATA reporting portal is carried out in a consistent, reliable and timely manner.
• Reporting to senior management covering key metrics including Capital Adequacy, Liquidity, Large Exposures, Group exposures
• Track, interpret and implement changes in the regulatory reporting environment, CRR, Basel 3.1, Small and Simple Framework, SDDT
• Responsible for Bank’s stress testing model on Liquidity, Capital and IRRBB.
• Responsible for preparation of Bank’s Individual Capital Adequacy Assessment Process (ICAAP) and input into the Bank’s Individual Liquidity Adequacy Assessment Process (ILAAP) and RRP.
• Regulatory Automation Project – ensure automation of regulatory reporting through third party vendor and strong controls over any supplementary manual processes.
• Drafting responses to regulator queries
• Monitor market and regulatory developments and rule changes on BoE, UK Finance and AFB websites
• Horizon scanning of prudential regulatory reporting requirements and preparation of papers for management, BARC and Board.
• Supporting the Finance Team and providing cover for the Financial Controller.
• Report risks identified to relevant bodies immediately in writing including suggested counter measures.

The list of duties in the job description should not be regarded as exclusive or exhaustive.

Key Competencies     

Consumer Duty:  All staff must be aware of and understand the FCA’s requirements regarding Consumer Duty (CD) incorporated in the Bank’s Policy and help the Bank to act in good faith towards customers, avoid causing them foreseeable harm, and enable and support them to pursue their financial objectives.

Fraud Prevention:  Policy statement No.18:  All management and staff must be alert to the possibility of fraud, ensuring that no action is undertaken on behalf of the Bank or a customer without a clear understanding of the purpose and background to the transaction.

Attention to Detail:  Ensures that information is correctly processed, and that work complies with relevant internal/external rules, procedures and regulatory requirements.

Teamwork:  Works co-operatively with others; openly exchanging information where appropriate and supporting colleagues to achieve business goals.

Planning and Control:  Achieves departmental goals by establishing priorities and managing time efficiently.

Leading others:  Builds successful and motivated teams who consistently excel in the achievement of business goals. Commits time and effort to coach others in new processes or techniques, providing honest and constructive feedback.

Making good decisions:  Selects the best course of action based on the available information and accepts personal responsibility for the outcome.

Bringing innovation to problem solving:  Continuously improves the business by generating new and practical ways of doing things in order to solve problems and gain competitive advantage.

Adapting to change and uncertainty:  Improves personal effectiveness in response to changes at work by identifying new learning and self- development opportunities that arise from the change and working towards them.

Training and Competence:  Keep up to date with relevant developments in corporate governance, the Banks’ policies, models and Anti-Money Laundering and Counter Terrorism Financing matters by taking annual tests as required.

Complete all mandatory training and internal certification of the Bank

Self-Motivation:  Carry out every task set to the best of your ability, looking for ways to improve performance and standards, setting personal goals at or beyond business expectations.

Making change work:  Help the business to introduce changes to structures, processes, products, and services effectively and efficiently by focusing effort and commitment on making the change work.

Experience / Skills / Knowledge

1. Bachelor’s degree or equivalent preferred.
2. Qualified accountant ACA/ACCA/CIMA
3. Minimum 5 years’ experience in Banking with a good understanding of retail banking products, services and processes and of the customer relationship.
4. Excellent of UK regulatory reporting obligations (EBA, PRA, FCA) and International Financial Reporting Standards (IFRS).
5. Technically proficient with advanced Excel, Banking and Regulatory Systems and knowledge of SQL advantageous.
6. Proven ability of team leadership and people management.
7. Ability to work to tight deadlines, demonstrating an ability to always work carefully and accurately.
8. Excellent numeracy, analytical, interpersonal and communication skills, both written and oral.
9. A flexible “can do” attitude to the team’s work, including a willingness to reprioritise and undertake any of the tasks at short notice.

Individual Conduct Rules:

Rule 1: You must act with integrity.

Rule 2: You must act with due skill, care, and diligence.

Rule 3: You must be open and cooperative with the FCA, the PRA and other regulators.

Rule 4: You must pay due regard to the interests of customers and treat them fairly.

Rule 5: You must observe proper standards of market conduct.

Rule 6: You must act to deliver good outcomes for retail customers.

For further information, please contact: 

Enrico Castagnetti, Wintermann Search & Selection Limited

Mobile:       +44 (0)7711 267500

Email:         enrico@wintermann.co.uk