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For Companies At a Glance
- Tasks: Support regulatory reporting and ensure compliance while contributing to a fast-growing bank.
- Company: Join Allica Bank, the UK's fastest-growing fintech firm focused on supporting SMEs.
- Benefits: Enjoy flexible working, social activities, private health cover, and generous family policies.
- Why this job: Be part of a dynamic team making a real impact in the financial sector.
- Qualifications: Excel proficiency, a willingness to learn, and a team-oriented mindset are essential.
- Other info: This is an entry-level full-time role with opportunities for growth and development.
The predicted salary is between 28800 - 43200 £ per year.
Join to apply for the Regulatory Reporting Analyst role at Allica Bank.
About Allica Bank
Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.
Role Description
To help develop the regulatory reporting function, ensuring that a first-class service is delivered which monitors, reports on and positively contributes to the overall performance of the business, whilst meeting all best practice, regulatory and statutory requirements regarding regulatory reporting and always promote the company values.
Principle Accountabilities
- Regulatory Reporting BAU
- Monthly Treasury Assets Register to the PRA
- Monthly systemic review report to the PRA
- PRA108 report
- Input to Bank of England reports including Forms BT, ELS, BE, AL and AD
- Help with Wires (regulatory reporting system) data uploads and exports
- Help with data aggregation for various reports including Own Funds, ALMM and any other Adhoc
- Running various month end reports using our databases
- Regulatory Reporting Project Automation
- Understand the data lineage between Allica source system and vendor table requirements
- Competently operate the regulatory software (Wires) and run reports when required
- Perform UAT testing on capital and liquidity reports in Wires against expected outcomes
- Identify errors in the regulatory software outputs and where appropriate escalate with team members or vendor in a timely manner
- Regulatory relationship management and reporting
- Maintain good relations with the regulators regarding all aspects of Regulatory Reporting as and when required
Personal Attributes & Experience
- Excel or equivalent proficiency
- Ability to prioritize various tasks
- Willing to learn and contribute to improvements
- Accounting or similar skills
- Strategically minded but also very hands-on
- Commercially orientated to see things from a whole company perspective
- Team player
- Prepared to challenge in a constructive manner
- ‘Can do’, flexible and solutions orientated
- Committed, hardworking and focused upon delivering results
- Good, clear communicator
- Excited by the opportunity to help create and build a fast-growing bank
Working at Allica Bank
At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers. Our employees are at the heart of everything we do, so our benefits are designed with you in mind:
- Full onboarding support and continued development opportunities
- Options for flexible working
- Regular social activities
- Pension contributions
- Discretionary bonus scheme
- Private health cover
- Life assurance
- Family friendly policies including enhanced Maternity & Paternity leave
Flexible working
We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.
Diversity
We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.
Regulatory Reporting Analyst employer: Allica Bank Limited
Contact Detail:
Allica Bank Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory Reporting Analyst
✨Tip Number 1
Familiarise yourself with the regulatory reporting landscape in the UK, especially focusing on the PRA and Bank of England requirements. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Brush up on your Excel skills, as proficiency in this tool is crucial for the role. Consider taking an online course or practicing advanced functions that are commonly used in financial reporting to showcase your capabilities.
✨Tip Number 3
Network with professionals in the fintech and regulatory reporting sectors. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at Allica Bank.
✨Tip Number 4
Prepare to discuss how you can contribute to a fast-growing bank like Allica. Think about examples from your past experiences where you've demonstrated a 'can do' attitude and how you can apply that mindset to help improve their regulatory reporting function.
We think you need these skills to ace Regulatory Reporting Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Regulatory Reporting Analyst. Familiarise yourself with regulatory reporting requirements and the specific tasks mentioned in the job description.
Tailor Your CV: Customise your CV to highlight relevant skills and experiences that align with the role. Emphasise your proficiency in Excel, any accounting experience, and your ability to manage multiple tasks effectively.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention how your personal attributes, such as being a team player and solutions-oriented, make you a great fit for Allica Bank.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise to make a strong impression.
How to prepare for a job interview at Allica Bank Limited
✨Know Your Regulatory Reporting Basics
Familiarise yourself with the key regulatory reports mentioned in the job description, such as PRA108 and Bank of England forms. Understanding these will show your commitment to the role and help you answer questions confidently.
✨Demonstrate Excel Proficiency
Since Excel skills are crucial for this position, be prepared to discuss your experience with data analysis and reporting. You might even want to mention specific functions or tools you've used that relate to regulatory reporting.
✨Showcase Your Problem-Solving Skills
Be ready to provide examples of how you've identified and resolved issues in previous roles. This is particularly important for a role that involves error identification in regulatory software outputs.
✨Emphasise Team Collaboration
Highlight your ability to work well in a team and maintain good relationships with regulators. Share experiences where you successfully collaborated with others to achieve a common goal, as this aligns with the company's values.
