At a Glance
- Tasks: Manage regulatory reporting and ensure compliance with PRA and Bank of England standards.
- Company: Join a leading bank in the heart of London with a focus on innovation.
- Benefits: Hybrid working model, competitive salary, and opportunities for professional growth.
- Other info: Collaborative team culture with excellent career advancement opportunities.
- Why this job: Make a real impact in financial regulation while developing your skills in a dynamic environment.
- Qualifications: Experience in prudential regulatory reporting and strong Excel skills required.
The predicted salary is between 60000 - 75000 £ per year.
Hybrid Working: 3 days onsite, 2 from home
Location: City of London
Contract Type: Permanent
This role is a 6‑month fixed term contract role. Reporting to the Head of Prudential Regulatory Reporting, the Prudential Regulatory Reporting Manager is responsible for accurate, timely and complete regulatory and statistical reporting to the PRA and the Bank of England.
Key Responsibilities
- Supports the Head of Prudential Regulatory Reporting in all matters related to the management of the BACB balance sheet in respect of capital, funding and liquidity.
- Ensures that BACB adheres to and understands all regulatory rules, understands the related implications and keeps up to date with any regulatory changes.
- Provides support into the Finance change programme, such as for the implementation of Basel 3.1, collaborating with other areas in Finance.
Key Work Outputs and Accountabilities
- Prepare and submit a full range of prudential and statistical reports to the PRA and BoE in a timely manner and to a high level of accuracy in accordance with the regulatory reporting timetable, enabling sufficient time for review and challenge.
- Ensure that all relevant prudential and statistical regulatory governance, policies, frameworks, procedures, checklists, etc. are up to date, detailed and effectively documented.
- Ensure that adequate controls are in place for the preparation of prudential and statistical regulatory reports, reviewing the work prepared by other members of the Prudential Regulation Reporting Team.
- Ensure up‑to‑date procedures are in place to evidence that all prudential and statistical regulatory reports are reconciled to the Bank’s books and records and are accompanied by relevant MI and a documented clear audit trail.
- Work with the Head of Prudential Policy and Assurance to understand upcoming regulatory changes and ensure that the Prudential Regulatory Reporting Team is equipped to implement these either through change initiatives or larger projects and programmes.
- Ensure that the Prudential Regulation Team, systems and processes are prepared to implement changes in template reporting and taxonomies.
- Escalate immediately to the Head of Prudential Regulatory Reporting, Head of Prudential Regulation, Deputy CFO and CFO any concerns related to actual or projected capital, funding and liquidity shortfall.
- Build and maintain good relationships with internal stakeholders, in particular the Risk, Treasury, Operations and Business areas.
- Ensure that new products or Bank‑wide projects and initiatives are analysed for prudential and statistical regulatory reporting implications, are embedded in the Bank’s accounting systems and that any software implementations are project managed effectively.
- Support the wider Regulatory Reporting Team and review their work, where required.
- Prepare MI as required for senior management.
- Undertake ad‑hoc projects as requested by the Head of Prudential Regulatory Reporting, Head of Prudential Regulation, Deputy CFO or CFO.
- Deputises for the Head of Prudential Regulatory Reporting, as required.
Required Qualifications and Experience
- Proven expertise in prudential regulatory reporting experience within a Bank.
- Professional accounting qualification is not essential but desirable.
- Advanced Excel skills with the ability to map data and create meaningful reconciliations and MI.
- Effective communication and interpersonal skills, in particular the ability to tailor to senior management and other stakeholders.
- Strong organisational skills with the ability to ensure efficiency whilst balancing priorities.
- Proactive and adaptable, with the ability to design and implement new processes and controls in response to evolving systems and regulatory requirements.
- Strong controls background.
Prudential Regulatory Reporting Manager - FTC (6 months) employer: BACB
Contact Detail:
BACB Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Prudential Regulatory Reporting Manager - FTC (6 months)
✨Tip Number 1
Network like a pro! Reach out to people in your industry on LinkedIn or at events. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. Tailor your answers to show how your skills match their needs, especially in regulatory reporting.
✨Tip Number 3
Practice common interview questions with a friend or in front of a mirror. The more comfortable you are, the better you’ll perform when it counts!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing familiar faces!
We think you need these skills to ace Prudential Regulatory Reporting Manager - FTC (6 months)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Prudential Regulatory Reporting Manager. Highlight your experience in regulatory reporting and any relevant skills that match the job description. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of your past experiences that relate to the key responsibilities mentioned in the job description. We love a good story!
Showcase Your Skills: Don’t forget to highlight your advanced Excel skills and your ability to manage data effectively. If you've implemented new processes or controls before, let us know! We’re looking for proactive individuals who can adapt to changing regulations.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of it. Plus, it shows you’re keen on joining our team at StudySmarter!
How to prepare for a job interview at BACB
✨Know Your Regulations
Make sure you brush up on the latest regulatory requirements, especially those related to the PRA and Bank of England. Being able to discuss recent changes and their implications will show that you're proactive and well-informed.
✨Showcase Your Excel Skills
Since advanced Excel skills are crucial for this role, be prepared to discuss specific examples of how you've used Excel to create reconciliations or manage data. If possible, bring along a portfolio of your work to demonstrate your capabilities.
✨Build Relationships
Highlight your experience in collaborating with various teams, such as Risk and Treasury. Be ready to share examples of how you've successfully built relationships and communicated effectively with stakeholders at different levels.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities, particularly around capital, funding, and liquidity shortfalls. Think of scenarios where you've had to implement new processes or controls and be ready to explain your thought process and outcomes.