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- Tasks: Produce regulatory reports, evaluate controls, and support new reporting systems.
- Company: Join a dynamic bank focused on capital and liquidity management.
- Benefits: Enjoy 25 days leave, hybrid working, private medical insurance, and free gym access.
- Why this job: Kickstart your finance career with hands-on experience in regulatory reporting and a supportive team culture.
- Qualifications: Ideal for recent graduates or those with up to 1 year of experience; strong analytical skills required.
- Other info: A keen interest in financial services and regulation is essential.
The predicted salary is between 28800 - 48000 £ per year.
The role will provide an opportunity for the Regulatory Accountant Executive to gain an insight into regulatory reporting and monitoring activities in dynamic environment and be part of the journey in developing the function as the bank grows.
The Regulatory team consists of Head of Regulatory Reporting and Regulatory Accountant. The team is responsible to manage all aspects of capital and liquidity for the Bank from prudential perspective. The Regulatory Accountant Executive will support in monitoring prudential regulatory ratios and in preparation of reports to Bank of England and PRA.
Role also requires assisting the Bank in involvement in projects, new product assessment and input and testing of the new regulatory reporting system.
The main duties of the role as follows:
· Produce monthly and quarterly regulatory reports accurately and within designated timelines.
· Evaluate, establish, and uphold controls related to regulatory reporting, including data reconciliations, cross-checks, variance analysis, and investigations.
· Coordinate with internal stakeholders to ensure the completeness, timeliness, and accuracy of regulatory and MI data feeds, financial information, and other inputs. Streamline processes for efficiency.
· Support the implementation of a new regulatory reporting system to enhance automation.
· Assist in developing and maintaining proper controls and robust documentation for all regulatory reporting.
· Assist in the execution of new business/product changes and upcoming regulatory modifications.
· Assist the Regulatory Accountant and Head of Regulatory Reporting in producing Pillar 3 disclosure, ICAAP, ILAAP and RRP documents. Including stress testing scenarios.
· Enhance understanding of capital and liquidity reporting requirement documentation, controls and procedures.
· Work closely with other team members of regulatory reporting team.
The role is entry level and would suit candidates recently graduate up to 1 year industry experience. A keen desire to work in financial services is the most important attribute.
Candidates are expected to be / have:
· Analytical and hold strong numerical skills
· Results focused with a positive can-do approach
· Strong communicator with good stakeholder management skills
· Excel proficient
· Keen interest in financial products and finance sector
· Interested in financial regulation and its impacts on regulated businesses
· Articulate and able to share opinions/ develop ideas and opportunities
· Report writing and updating procedures and controls
· 25 days annual leave entitlement plus 8 bank holidays
· Pension scheme, 4% employer contribution
· Private Medical Insurance
· 60-40 Hybrid working after successful probation period
· Training and development
· Free gym access in the building
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Regulatory Accountant Executive employer: iFAST Global Bank Ltd
Contact Detail:
iFAST Global Bank Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory Accountant Executive
✨Tip Number 1
Familiarise yourself with the key regulatory frameworks and reporting requirements relevant to the role. Understanding the basics of capital and liquidity regulations will not only help you in interviews but also demonstrate your genuine interest in the financial services sector.
✨Tip Number 2
Network with professionals in the regulatory accounting field. Attend industry events or join online forums where you can connect with current employees or others in similar roles. This can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your Excel skills, as proficiency in this area is crucial for the role. Consider taking an online course or using tutorials to enhance your data analysis capabilities, which will be beneficial during the job and in your application process.
✨Tip Number 4
Prepare to discuss your analytical skills and how you've applied them in past experiences, even if they are academic. Be ready to share examples of how you've approached problem-solving or data analysis, as this will resonate well with the hiring team.
We think you need these skills to ace Regulatory Accountant Executive
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant skills and experiences that align with the responsibilities of a Regulatory Accountant Executive. Emphasise your analytical abilities, numerical skills, and any experience with financial products or regulations.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the financial services sector. Mention specific aspects of the job description that excite you and how your background makes you a suitable candidate.
Highlight Relevant Projects: If you've worked on any projects related to regulatory reporting, data analysis, or financial controls during your studies or internships, be sure to mention these in your application. This will demonstrate your practical understanding of the field.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for a role in regulatory reporting.
How to prepare for a job interview at iFAST Global Bank Ltd
✨Show Your Analytical Skills
As a Regulatory Accountant Executive, you'll need strong analytical and numerical skills. Be prepared to discuss examples from your studies or any relevant experience where you've demonstrated these abilities, such as analysing data or solving complex problems.
✨Understand Financial Regulations
Familiarise yourself with key financial regulations and their impact on businesses. This will not only show your interest in the field but also help you answer questions about how regulatory changes can affect the bank's operations.
✨Communicate Effectively
Strong communication skills are essential for this role. Practice articulating your thoughts clearly and concisely, especially when discussing technical topics. Be ready to explain complex ideas in simple terms, as you may need to communicate with various stakeholders.
✨Demonstrate a Can-Do Attitude
Employers value a positive, results-focused mindset. During the interview, share instances where you've tackled challenges with enthusiasm and determination, showcasing your ability to adapt and contribute positively to the team.
