At a Glance
- Tasks: Join our team as a Regulatory Accountant, ensuring timely regulatory report submissions.
- Company: Be part of a dynamic banking environment focused on compliance and integrity.
- Benefits: Enjoy flexible work with 2 days from home each month and competitive pay.
- Why this job: Gain hands-on experience in regulatory reporting while collaborating with finance and risk teams.
- Qualifications: 3-5 years in regulatory reporting; familiarity with COREP, LCR, and relevant regulations required.
- Other info: Ideal for those studying towards a professional accounting qualification like ACCA or CIMA.
The predicted salary is between 28000 - 42000 £ per year.
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Additional Resources Recruitment provided pay range
This range is provided by Additional Resources Recruitment. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.
Base pay range
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Areas | Regulatory Reporting experience, Familiarity with COREP, LCR. NSFR, PRA110 & MLAR. Based | London (West End)
Office Based | 2 days a month from home
Job Summary
We are looking for a talented Regulatory Accountant to join our team, reporting directly to the Regulatory Reporting Manager. This role is crucial in ensuring the accurate and timely submission of regulatory reports in accordance with PRA, FCA, and Basel III requirements.
The ideal candidate will possess strong analytical skills, a deep understanding of prudential regulations, and the ability to collaborate effectively with Finance, Risk, and Compliance teams to support robust regulatory governance.
This position offers the opportunity to gain valuable hands-on experience in regulatory reporting within a dynamic banking environment, while contributing to the integrity and compliance of the bank’s regulatory framework.
Key responsibilities
- Assist with preparation, review and submission of key regulatory returns, including COREP, LCR, NSFR, FSA017, BT, EL, MLAR PRA110, and PRA104 to 108, to FCA, PRA / Bank of England
- Assist in the preparation and validation of COREP returns, including own Funds, Leverage Ratio, Large Exposure and Credit Risk templates.
- Support the production of Liquidity-related reports such as LCR, NSFR, ALMM, PRA110, FSA017, MLAR, BT and EL to FCA, PRA and Bank of England.
- Perform variance analysis and reconciliations between regulatory reports and finance systems.
- Maintain documentation and audit trails to support regulatory submissions.
- Assist in implementing changes arising from new regulatory guidance or updates to reporting templates.
- Liaise with Finance, Risk, and Treasury teams to gather required data and ensure accuracy.
- Support the automation and improvement of existing reporting processes.
- Respond to queries about regulatory reporting and improve procedures to reflect any changes made.
- Keep abreast of regulatory developments and support impact assessment.
- Work on ad hoc projects as directed by the Regulatory Reporting Manager.
KNOWLEDGE & EXPERIENCE REQUIRED
- Familiarity with COREP, LCR. NSFR, PRA110 and MLAR returns.
- 3 to 5 years’ experience in regulatory reporting within banking.
- Strong excel skills; experience with regulatory reporting system WIRES –Whistlebrook.
- Experienced in preparing Liquidity, Capital and BOE returns
- Focus on data integrity, process improvement, and meeting deadlines
- Holds or Studying towards a Professional accounting/ Finance Qualification such as ACCA/ CIMA is preferred
Seniority level
-
Seniority level
Mid-Senior level
Employment type
-
Employment type
Full-time
Job function
-
Job function
Accounting/Auditing
-
Industries
Banking, Investment Banking, and Financial Services
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Regulatory Accountant employer: Additional Resources Recruitment
Contact Detail:
Additional Resources Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory Accountant
✨Tip Number 1
Familiarise yourself with the specific regulatory frameworks mentioned in the job description, such as COREP, LCR, and NSFR. 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 banking 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 StudySmarter.
✨Tip Number 3
Brush up on your Excel skills, especially if you have experience with regulatory reporting systems like WIRES. Being proficient in data analysis and reporting tools will set you apart from other candidates.
✨Tip Number 4
Stay updated on recent changes in regulatory requirements and how they impact reporting processes. This knowledge will not only prepare you for potential interview questions but also show your proactive approach to the role.
We think you need these skills to ace Regulatory Accountant
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and requirements of the Regulatory Accountant position. Familiarise yourself with terms like COREP, LCR, and NSFR, as well as the regulatory frameworks involved.
Tailor Your CV: Customise your CV to highlight relevant experience in regulatory reporting and your familiarity with the required returns. Emphasise your analytical skills and any specific software you have used, such as WIRES – Whistlebrook.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your passion for regulatory accounting. Mention your experience in banking and how it aligns with the job's requirements. Be sure to express your understanding of the importance of compliance and data integrity.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is accurate and clearly presented. A polished application reflects your attention to detail.
How to prepare for a job interview at Additional Resources Recruitment
✨Know Your Regulations
Make sure you have a solid understanding of the key regulations mentioned in the job description, such as COREP, LCR, and NSFR. Be prepared to discuss how your experience aligns with these requirements and any relevant projects you've worked on.
✨Showcase Your Analytical Skills
As a Regulatory Accountant, strong analytical skills are crucial. Prepare examples of how you've performed variance analysis or reconciliations in previous roles. Highlight your ability to interpret complex data and make informed decisions.
✨Demonstrate Collaboration
This role requires effective collaboration with various teams. Think of instances where you've successfully worked with Finance, Risk, or Compliance teams. Be ready to discuss how you facilitated communication and ensured accuracy in regulatory submissions.
✨Stay Updated on Regulatory Changes
Regulatory environments are constantly evolving. Show your commitment to staying informed by discussing recent changes in regulations that could impact the role. This demonstrates your proactive approach and dedication to compliance.