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- Tasks: Join us to produce essential regulatory reports and improve financial processes.
- Company: Be part of a rapidly growing bank focused on regulatory excellence.
- Benefits: Enjoy competitive salary, bonuses, and opportunities for professional growth.
- Why this job: Make an impact in a dynamic environment while developing your expertise in regulatory reporting.
- Qualifications: Experience in regulated environments is key; accounting qualifications are a plus.
- Other info: Collaborate with various teams and enhance governance frameworks.
The predicted salary is between 70000 - 85000 £ per year.
Job Description
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.
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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
Familiarize yourself with the specific regulatory reporting requirements such as COREP, FINREP, and LCR. Understanding these frameworks 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. Engaging with others who have experience in this area can provide valuable insights and potentially lead to referrals or recommendations.
✨Tip Number 3
Stay updated on the latest changes in financial regulations and their implications for banks. This knowledge will position you as a subject matter expert and show that you are proactive about your professional development.
✨Tip Number 4
Be prepared to discuss your experience with process improvement initiatives. Highlighting your ability to enhance governance and control frameworks will set you apart from other candidates.
We think you need these skills to ace Regulatory Reporting Accountant
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly understand the responsibilities and requirements of the Regulatory Reporting Accountant position. Familiarize yourself with terms like COREP, FINREP, and LCR, as well as the regulatory bodies involved.
Tailor Your CV: Customize your CV to highlight relevant experience in regulatory reporting and accounting. Emphasize any previous roles in regulated environments and your familiarity with financial regulations.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your expertise in regulatory reporting. Mention specific projects or achievements that demonstrate your ability to produce accurate reports and improve processes.
Highlight Continuous Improvement: In your application, emphasize your willingness to engage in ongoing project and process improvement work. Provide examples of how you've contributed to enhancing governance and control frameworks in past roles.
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 impacts. Use specific examples to illustrate your problem-solving skills.
✨Engage with Stakeholders
Since this role involves working closely with various stakeholders, be ready to talk about your experience in collaborating with different teams. Highlight how you’ve effectively communicated and built relationships in previous roles.
✨Show Initiative in Process Improvement
The job requires involvement in ongoing project and process improvement work. Be prepared to discuss any initiatives you've led or contributed to that enhanced efficiency or governance in your previous positions.
