At a Glance
- Tasks: Prepare and submit regulatory reports to key financial authorities accurately and on time.
- Company: Join a leading bank in London with a strong reputation in the finance sector.
- Benefits: Competitive pay, flexible working arrangements, and opportunities for professional growth.
- Why this job: Make a real impact in the banking industry while enhancing your regulatory expertise.
- Qualifications: 5+ years in regulatory reporting with knowledge of COREP and FINREP required.
- Other info: Dynamic role with potential for career advancement in a supportive environment.
The predicted salary is between 48000 - 72000 £ per year.
Our client, a bank based in London, is hiring a Regulatory Reporting Specialist on a 6-month contract basis.
Responsibilities
- Accurately prepare and submit on a timely basis all regulatory reporting to Bank of England, FCA & PRA using RegData, BEEDS and OSCA.
- Produce & maintain appropriate interpretations, policies & procedures for all regulatory returns.
- Support current regulatory reporting automation process through to completion and maintain the automation process to ensure accuracy of reporting.
- Conduct periodic reviews of in-scope regulatory returns.
- Provide required data for monthly ALCO pack where required.
- Assist with preparation of ILAAP & ICAAP.
- Assist with preparation of the regulatory aspects of the NTN plan & similar working capital condition.
- Develop and maintain control of risk participation sales/purchases, and ensure correct regulatory reporting.
- Provide relevant management information to senior management & the Board.
- Support external and internal audit process.
- Any other work allocated by the Bank.
Qualifications
- Knowledge and understanding of regulatory returns including COREP, FINREP, PRA 110, and underlying rulesets.
- 5+ years of experience in regulatory reporting, preferably capital reporting, in a UK bank.
- Understanding of bank accountancy and finance (IFRS).
- Familiarity with current banking rules, regulations and requirements (ILAAP, ICAAP).
- Experience and knowledge of RegData, VERMEG, Regnology or other regulatory reporting software.
- Strong understanding of data principles and data analysis techniques.
- SQL and VBA coding experience preferred.
Seniority Level: Mid-Senior level
Employment Type: Contract
Industry: Banking
Location: London, England, United Kingdom
Regulatory Reporting Specialist in London employer: Barbara Houghton Associates Limited
Contact Detail:
Barbara Houghton Associates Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory Reporting Specialist in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking sector, especially those who have experience with regulatory reporting. A friendly chat can lead to insider info about job openings or even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of COREP, FINREP, and other regulatory returns. We want you to be able to discuss these topics confidently, showing that you're not just familiar but truly knowledgeable.
✨Tip Number 3
Showcase your skills! If you've got experience with RegData or SQL, make sure to highlight that in conversations. We love seeing candidates who can demonstrate their technical prowess and how it applies to regulatory reporting.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for talented individuals like you to join our team in making regulatory reporting smoother and more efficient.
We think you need these skills to ace Regulatory Reporting Specialist in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Regulatory Reporting Specialist role. Highlight your experience with regulatory returns like COREP and FINREP, and don’t forget to mention any relevant software skills you have, such as RegData or SQL.
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. Mention your 5+ years of experience in regulatory reporting and how you can contribute to the bank’s success.
Showcase Your Technical Skills: Since this role involves data analysis and reporting automation, be sure to showcase your technical skills. If you’ve got experience with VBA coding or data analysis techniques, make that front and centre in your application.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at Barbara Houghton Associates Limited
✨Know Your Regulations
Make sure you brush up on your knowledge of regulatory returns like COREP, FINREP, and PRA 110. Being able to discuss these confidently will show that you’re not just familiar with the terms but understand their implications in a banking context.
✨Showcase Your Experience
With over 5 years of experience in regulatory reporting, be ready to share specific examples from your past roles. Highlight any projects where you improved processes or ensured compliance, especially if you’ve worked with RegData or similar software.
✨Demonstrate Data Savvy
Since data analysis is key for this role, prepare to discuss your experience with SQL and VBA coding. Bring examples of how you've used these skills to enhance reporting accuracy or streamline processes in previous positions.
✨Prepare Questions
Interviews are a two-way street! Prepare thoughtful questions about the bank's current regulatory challenges or their automation processes. This shows your genuine interest in the role and helps you assess if it’s the right fit for you.