At a Glance
- Tasks: Produce regulatory reports and support ongoing projects in a fast-paced banking environment.
- Company: Join a rapidly growing bank focused on regulatory excellence and financial integrity.
- Benefits: Enjoy competitive salary, bonuses, and opportunities for professional development.
- Why this job: Be part of a dynamic team making a real impact in the finance sector.
- Qualifications: Experience in a regulated environment is essential; accounting qualification preferred but not mandatory.
- Other info: Contact Harry Coleman at Trace Recruitment for more details.
The predicted salary is between 60000 - 84000 £ per year.
We’re seeking an experienced Regulatory Reporting Accountant to bolster our clients regulatory reporting function. This role involves the production of regulatory reporting, including financial regulatory returns and regulatory capital guidance. You’ll work closely with stakeholders, the Head of Reg and other teams within the Finance function. The Bank is experiencing rapid growth, so in addition to playing a key role in producing reports, you will be expected to roll up your sleeves and get involved in ongoing project and process improvement work.
Key duties:
- Deliver the production of regulatory reporting to the PRA and FCA requirements, including COREP, FINREP, LCR, NSFR, ALMM, PRA110
- Develop yourself as a subject matter expert for all things regulatory reporting
- Responsible for NL form, Loan Assets, FSA017, PRA018, Basis Risk return, Covid19 return and BoE returns
- Support to Treasury and Risk in the monitoring of liquidity through enhanced MI
- Enhance the governance and control framework through improved documentation of policies, procedures, interpretations and key assumptions
- Assist in preparing the Pillar III disclosures
- Assist in performing detailed analysis of the accounting, regulatory capital and liquidity impact of new products
Experience Needed:
- Previous experience in a regulated environment is key
- Ideally, be a fully qualified accountant although not 100% essential
- Knowledge of current regulations and what their objectives are in relation to the bank
- Experience of developing and writing corporate documents such as ILAAP / ICAAP documents
Salaries are in the region of £75,000 - £95,000 dependant on experience + bonus & benefits.
For more information, please get in touch with Harry Coleman at Trace Recruitment.
Regulatory Reporting Accountant employer: Trace – Expert Accountancy Recruitment
Contact Detail:
Trace – Expert Accountancy Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory Reporting Accountant
✨Tip Number 1
Familiarise yourself with the specific regulatory frameworks that the role requires, such as PRA and FCA guidelines. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the regulatory reporting field. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities within their organisations.
✨Tip Number 3
Showcase your analytical skills by preparing examples of how you've improved processes or contributed to project work in previous roles. Be ready to discuss these experiences during interviews to highlight your proactive approach.
✨Tip Number 4
Stay updated on the latest trends and changes in regulatory reporting. Subscribing to industry newsletters or following relevant thought leaders on social media can give you an edge in discussions during the interview process.
We think you need these skills to ace Regulatory Reporting Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in regulatory reporting and any relevant qualifications. Emphasise your familiarity with PRA and FCA requirements, as well as your ability to produce financial regulatory returns.
Craft a Compelling Cover Letter: In your cover letter, explain why you are the perfect fit for the Regulatory Reporting Accountant role. Mention specific experiences that demonstrate your expertise in regulatory reporting and your ability to work collaboratively with stakeholders.
Showcase Relevant Experience: When detailing your previous roles, focus on your experience in a regulated environment. Highlight any projects where you contributed to process improvements or developed corporate documents like ILAAP or ICAAP.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial for a role involving regulatory compliance.
How to prepare for a job interview at Trace – Expert Accountancy Recruitment
✨Know Your Regulations
Make sure you have a solid understanding of the current regulations relevant to the role, such as COREP, FINREP, and LCR. Being able to discuss these in detail will show your expertise and readiness for the position.
✨Demonstrate Your Analytical Skills
Prepare to showcase your analytical abilities by discussing past experiences where you've performed detailed analysis of accounting or regulatory capital. Use specific examples to illustrate how your insights contributed to decision-making.
✨Showcase Your Project Involvement
Since the role involves ongoing project and process improvement work, be ready to talk about any relevant projects you've been involved in. Highlight your contributions and the outcomes to demonstrate your proactive approach.
✨Prepare Questions for Stakeholders
Think of insightful questions to ask about the team dynamics and how the regulatory reporting function interacts with other departments. This shows your interest in collaboration and understanding the bigger picture within the bank.