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- Tasks: Prepare and submit regulatory reports while ensuring compliance with UK regulations.
- Company: Join BBVA, a global leader in finance with over 160 years of history.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Why this job: Make a real impact in financial integrity and strategic planning.
- Qualifications: 3-5 years in regulatory reporting and a degree in finance or related field.
- Other info: Opportunity for career growth in a diverse, multidisciplinary team.
The predicted salary is between 36000 - 60000 £ per year.
BBVA is a global company with more than 160 years of history that operates in more than 25 countries where we serve more than 80 million customers. We are more than 121,000 professionals working in multidisciplinary teams with profiles as diverse as financiers, legal experts, data scientists, developers, engineers and designers.
The Finance team at BBVA London is a high-impact, multidisciplinary unit responsible for the financial integrity, strategic planning, and regulatory reporting compliance of the UK branch. We act as a critical partner to the business, ensuring that our Corporate & Investment Banking (CIB) operations—including Global Markets, Global Transactional Banking and Investment Banking & Finance teams—are supported by robust financial frameworks.
Working in the London Finance team involves a dynamic mix of local branch management and integration with BBVA's global headquarters in Madrid. The team’s scope includes:
- Financial & Management Reporting: Delivering accurate monthly, quarterly, and annual financial statements.
- Regulatory Reporting Compliance: Managing the relationship with UK regulators (PRA/FCA), ensuring the branch meets all reporting requirements.
- Business Partnering: Collaborating closely with Front Office teams (e.g., IB&F and GTB) to analyze profitability and performance metrics.
- Tax & Treasury Oversight: Ensuring the UK tax strategy is executed with integrity while monitoring the branch's liquidity position and balance sheet health.
- Strategic Planning: Leading the budgeting and forecasting processes to align the London branch's growth with the wider BBVA Group's strategic goals.
Key Responsibilities:
- Regulatory Reporting (80% Focus): Preparation & Submission: Take primary responsibility for the accurate and timely preparation and submission of a significant portfolio of BoE and PRA/FCA regulatory returns, including but not limited to: Statistical Returns: BT (Balance Sheet), EL (Eligible Liabilities), AD (Deposits), AL (Lending), CC (Country Analysis Claims), CL (Country Analysis Liabilities), BE (Sectoral Detail), PL (Profit & Loss), BG (Non-resident transactions by geography). Financial & Capital Returns: MLAR, FINREP P&L, PSD001, PSD007. Deposit Protection: Single Customer View (SCV) files.
- Data Sourcing & Integrity: Work closely with the IT and Operations teams to ensure the underlying source data for all returns is complete, accurate, and consistent with accounting records.
- Validation & Control: Perform rigorous validation checks, variance analysis, and reconciliations to ensure compliance with reporting instructions (e.g., PRA Rulebook, BoE Data Items).
- Change Implementation: Monitor and assess the impact of new and evolving regulatory reporting requirements (e.g., changes to BoE/PRA templates, IFRS updates) and contribute to their successful implementation.
- Management Information & Analysis (20% Focus): ALCO Reporting: Assist in the preparation of high-quality Management Information (MI) packs for the Asset and Liability Committee (ALCO), focusing on liquidity, interest rate risk, and balance sheet movements.
- Management Committee Reporting: Contribute to the preparation of MI for the London Management Committee (LMC), providing clear and concise commentary on key financial metrics, regulatory compliance, and performance against budget.
- Regulatory and Compliance Committee: Provide reporting updates to the Committee.
- Ad-hoc Analysis: Provide analytical support for various financial and regulatory projects as required by senior management.
Required Skills and Experience:
- Essential Experience (3-5 Years): Minimum of 3 years of direct experience in Regulatory Reporting within a UK regulated financial institution (ideally a Branch or Investment Bank).
- Proven hands-on experience in preparing and submitting a substantial number of the listed returns (BT, EL, AD, AL, CC, CL, PL, MLAR, FINREP).
- Solid understanding of the PRA Rulebook, EBA reporting standards, and BoE statistical reporting requirements.
- Strong knowledge of Core Banking Products (Loans, Deposits, Interbank activity).
- Demonstrable experience in using Regulatory Reporting software (Wolters Kluwer / FRS / OneSumX / Regpro / RiskPro).
- Advanced Excel skills (Pivot Tables, VLOOKUPs, data manipulation).
- Advanced Microsoft Access skills.
Qualifications:
- A degree in Finance, Accounting, Economics, or a related quantitative field.
- Part-Qualified or Qualified Accountant (ACA, ACCA, CIMA) or equivalent relevant professional qualification is highly desirable.
Core Competencies:
- Attention to Detail: Meticulous approach to data preparation and validation, recognising the critical nature of regulatory submissions.
- Analytical Thinking: Ability to investigate and resolve complex data and reporting issues.
- Communication: Excellent verbal and written communication skills, capable of explaining complex regulatory concepts clearly to both finance and non-finance stakeholders.
- Teamwork & Proactivity: Highly motivated, proactive, and capable of working independently while contributing effectively to a team environment.
Desirable Experience:
- Branch-Specific Knowledge (ideal but not essential): Previous experience working within a UK Branch of a Foreign Overseas Bank, with an understanding of the specific reporting nuances for branches vs. subsidiaries.
- System Implementation: Experience in a system migration or upgrading regulatory reporting software (e.g., moving from manual Excel processes to a vendor solution).
- RegTech Curiosity: Familiarity with the BoE's Transforming Data Collection (TDC) initiative and how it impacts future statistical reporting.
Please note that priority will be given to candidates who are eligible to work in the UK.
Regulatory Reporting Specialist in London employer: BBVA Group
Contact Detail:
BBVA Group 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 folks in your industry on LinkedIn, especially those already working at BBVA. A friendly message can go a long way in getting your foot in the door.
✨Tip Number 2
Prepare for interviews by researching BBVA's recent projects and regulatory changes. Show us you’re not just another candidate; demonstrate your knowledge and passion for the role!
✨Tip Number 3
Practice your answers to common interview questions, but keep it natural. We want to see your personality shine through, so don’t sound too rehearsed!
✨Tip Number 4
Apply directly through our website! It’s the best way to ensure your application gets seen. Plus, you’ll be joining our Talent Community for future opportunities that match your profile.
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 relevant experience in regulatory reporting and any specific returns you've worked on. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a great fit. Don't forget to mention your understanding of the PRA Rulebook and your analytical skills.
Showcase Your Technical Skills: Since this role requires advanced Excel and Access skills, make sure to highlight your proficiency in these areas. If you've used any regulatory reporting software, give us the details! We love seeing candidates who are tech-savvy.
Apply Through Our Website: We encourage you to apply through our website for the best chance of being noticed. It’s super easy, and you'll be joining our Talent Community for future opportunities too. Don’t miss out!
How to prepare for a job interview at BBVA Group
✨Know Your Regulations
Make sure you brush up on the PRA Rulebook and EBA reporting standards. Being able to discuss specific regulatory returns like BT, EL, and MLAR will show that you’re not just familiar with the requirements but also ready to tackle them head-on.
✨Showcase Your Analytical Skills
Prepare examples of how you've used your analytical skills in previous roles. Whether it’s performing variance analysis or validating data integrity, having concrete examples will demonstrate your capability to handle complex reporting issues.
✨Communicate Clearly
Practice explaining complex financial concepts in simple terms. You might be asked to communicate with both finance and non-finance stakeholders, so being able to articulate your thoughts clearly is key to making a good impression.
✨Be Proactive and Team-Oriented
Highlight instances where you’ve taken initiative or worked effectively within a team. The Finance team at BBVA values collaboration, so showing that you can contribute positively to a team environment will set you apart.
