At a Glance
- Tasks: Prepare and submit regulatory reports while ensuring compliance with UK regulations.
- Company: Join BBVA London, a dynamic finance team in a global banking environment.
- Benefits: Competitive salary, professional development, and opportunities for career growth.
- Other info: Exciting role with a mix of local and global responsibilities.
- Why this job: Make an impact in regulatory reporting and collaborate with diverse teams.
- Qualifications: 3-5 years in regulatory reporting and a degree in Finance or related field.
The predicted salary is between 54450 - 66550 £ per year.
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
- 1. Regulatory Reporting (80% Focus)
- Preparation & Submission: Take primary responsibility for the accurate and timely preparation and submission of a significant portfolio of Bo E 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).
- 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, Bo E Data Items).
- Change
Implementation: Monitor and assess the impact of new and evolving regulatory reporting requirements (e. g., changes to Bo E/PRA templates, IFRS updates) and contribute to their successful implementation.
- 2. 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 Bo E statistical reporting requirements.
- Strong knowledge of Core Banking Products (Loans, Deposits, Interbank activity).
- Demonstrable experience in using Regulatory Reporting software (Wolters Kluwer / FRS / One Sum X / Regpro / Risk Pro).
- 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.
Regulatory Reporting Specialist in London employer: Bbva Sa
BBVA is an exceptional employer that fosters a dynamic and inclusive work culture, where over 121,000 professionals collaborate across diverse teams in London. As a Market Risk Analyst in the GMRU team, you will benefit from extensive employee growth opportunities, cutting-edge technology, and a commitment to work-life balance, all while contributing to innovative financial solutions that support sustainable development. Join us to be part of a pioneering organisation that values your contributions and encourages you to shape the future of banking.
StudySmarter Expert Advice🤫
We think this is how you could land Regulatory Reporting Specialist in London
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We think you need these skills to ace Regulatory Reporting Specialist in London
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