Senior Manager, Group Capital Regulatory Reporting

• Client: world-leading investment bank
• Duration: 6 months with possible extension
• Pay rate: negotiable (daily rate, PAYE Inside IR35)
• Location: Central London

The Group Capital Regulatory Reporting (GCRR) team is responsible for the control and delivery of the Group’s key prudential supervisory reporting and disclosure for Capital, Large Exposures and Leverage, including: COREP, Pillar 3, GSIBs and QIS. The team is based in London and supported by teams in India, Poland and Singapore. The team also plays a key support and liaison role for country regulatory reporting/balance sheet management teams, global functions (such as Risk, Compliance, ITO and Treasury), Investor Relations and is a key contact for the Bank of England. The team also acts as a centre of subject matter for the business, change functions and Financial Planning and Analytics, advising senior management and supporting external stakeholders including the PRA. They also work closely with the Group Financial Reporting team and are key stakeholders in the quarterly disclosure process.

The GCRR team designs and operates the control framework, identify and raise change requests for Finance Change to action and perform user acceptance testing. They also support regulatory liaison where necessary, including ad hoc internal and external requests.

This role of Senior Manager reports to the Head of Capital & Leverage Reporting covering various aspects of BAU Capital reporting, including the Credit Risk, Counterparty Risk, Securitisations parts of the COREP reporting of RWAs.

Strategy

• Develop and drive the strategy for the GCRR team that fits in with the overall regulatory capital landscape and aligns to targets under the operational risk framework.
• Driving a team with multiple, diverse and senior stakeholders, obtaining buy in where necessary and effecting improvements to existing policy and processes.
• Work towards closer integration with other global and group regulatory reporting teams to deliver a best in class and sustainable regulatory reporting utility for the future.

Business

• Understanding of the Group’s businesses and products and how they impact regulatory capital metrics, reporting and associated controls.
• Expertise in relation to the regulatory capital calculations (particularly capital supply, credit risk including counterparty credit risk (standardised and models), standardised operational risk RWA, reporting and disclosure) including current and future rules and regulations and how they apply to the bank.
• Expertise in systems and processes used to generate regulatory capital metrics.
• Interpretation and guidance to business units on PRA rules under Basel 3.1 and Taxonomy changes.

Processes

• Responsible for controlling and delivering the Group Capital Regulatory Reporting process covering COREP Own funds, Securitisation, Leverage, Large exposures, Pillar 3, G-SIB, QIS and associated reporting and disclosure.
• Timely submission of GCRR processes covering COREP own funds, large exposures, Pillar 2, G-SIB and associated reporting, and disclosure.
• Development and maintenance of controls and the control environment.
• Extensive use of Excel and SQL for data extraction and analysis.
• Review key variances, trends and commentaries for EAD and RWAs.
• Maintain a list of system/process/data issues and contribute to Capital Data Quality Forum.
• Take the lead on Moody’s Risk Authority and Axiom User Acceptance Testing & Signoffs for system updates and new software releases.
• Assist with ad-hoc queries relating to capital and regulatory reporting.
• Contribute to the bank’s responses on Discussion and Consultation papers and Technical Standards on regulatory developments and changes from the Basel Committee, PRA and others.
• Design or amend and implement suitable controls across the suite of regulatory capital metrics reported by Financial Regulatory Reporting.
• Ensure a full understanding of the risk and control environment in area of responsibility to identify control gaps in the end-to-end regulatory reporting process within Finance.

People and Talent

• Lead a team (direct and matrix) of highly skilled individuals at all levels and across the key locations of London and India, by example to build the appropriate culture and values, focusing on engagement and retention.
• Set objectives for direct reports (and in collaboration with Global Business Services for matrix reports) and provide regular feedback with regards to those objectives and ensure the team benefits from ongoing training and development in relation to their roles.
• Responsibility to review team structure in relation to the relevant objectives and internal/external environment. Risk

Management

• Design, implement and monitor robust governance and controls over regulatory reporting to ensure the complete, accurate and timely reporting of the reporting deliverables. This is achieved through the Operational Risk framework and any other methods as appropriate.

Governance

• Responsible for design and execution of BAU control framework including relevant policies and standards, and monitoring of controls.

Change Leadership

• The team deliver product ownership for key mandatory capital regulatory changes including Basel 3.1 (“Basel 4”) and changes brought about by remediation programmes (Data Quality, BCBS239, remediation of s166 report findings etc.). Project management and business analysis support sits in the GCFO Change team, with GCRR performing a Product owner role, delivering subject matter expertise, business requirements for mandatory changes and supporting testing of solutions.

Qualifications

• Qualified accountant 10+ years regulatory capital reporting or regulatory capital project experience in major UK banks. Experience of PRA/FCA enforcement and S166 audit desirable.