Regulatory Reporting Accountant
Location:
London
Salary:
£65,000 - £75,000
Sector:
Banking
About the Role:
Are you ready to make a significant impact in a dynamic and growing financial environment? Our client is seeking a talented and driven Regulatory Reporting Accountant to join their expanding finance team. Reporting directly to the Head of Treasury & Regulatory Reporting, you will play a pivotal role in shaping and enhancing their regulatory reporting functions. This is a unique opportunity to develop your expertise and work closely with senior management, including the CFO and CRO, while contributing to the automation and accuracy of their financial systems.
Key Responsibilities:
Treasury Management:
- Oversee daily cash management activities, ensuring efficient fund utilization and maintaining liquidity levels.
- Prepare and distribute ALCO packs, ensuring timely delivery and accurate minute capturing.
- Generate ad-hoc treasury Management Information (MI) reports for daily monitoring and ALCO meetings.
- Collaborate with Finance, Treasury, Risk, and key stakeholders to support capital and liquidity management.
- Assist in implementing a Treasury Management System (TMS), documenting business processes, conducting user acceptance testing, and managing BAU activities.
Regulatory Reporting:
- Prepare and submit regulatory returns (PRA, FCA, BOE) ensuring accuracy and compliance with regulations.
- Maintain working files for return preparation and monitor the regulatory timetable for timely submissions.
- Work closely with Finance, Treasury, and Risk to support capital and liquidity planning and reporting.
- Develop and operate the regulatory reporting system (OneSumX) effectively.
- Document procedures and assumptions for the Regulatory function.
- Assist with reviews by second line and internal auditors, implementing recommendations as needed.
- Conduct monthly horizon scanning for regulatory changes, assessing impacts, and communicating them appropriately.
- Interface with Regulators and Internal Audit to address queries and data requests.
Year-End Reporting:
- Assist in reviewing disclosures in Annual Accounts impacting capital and liquidity.
- Aid the publication of the Bank's Pillar 3 disclosures.
Prudential Documentation:
- Contribute to refreshing ICAAP, ILAAP, Recovery & Resolution plans, and Exit plans annually.
- Assist in producing ICAAP, ILAAP, stress testing, and cashflow modelling.
Key Skills and Experience:
- Accounting or CFA qualification (other relevant qualifications considered).
- Strong Excel skills with advanced proficiency.
- Excellent data analytical, problem-solving skills, and attention to detail.
- Knowledge of UK financial markets and regulations.
- Minimum 2 years of experience in prudential regulatory reporting for a regulated Retail Bank or Building Society.
- Some experience with Bank Treasury/Cashflow management (nice to have).
- Excellent written and verbal communication skills.
- Strong interpersonal skills and the ability to work effectively with minimal supervision.
- Willingness to challenge and improve processes and procedures.
- Ability to create an open environment and inspire contributions from others.
Why Join?
- Be a part of a pioneering team in a fast-growing financial institution.
- Gain significant exposure to senior management and key stakeholders.
- Develop your expertise and become a Subject Matter Expert (SME) in regulatory reporting.
- Work in a challenging, varied, and rewarding environment