At a Glance
- Tasks: Lead a team in managing regulatory reporting and ensure compliance with financial regulations.
- Company: Join a well-established banking group in London, known for its strong reputation and growth opportunities.
- Benefits: Enjoy a hybrid work environment with flexible hours and clear paths for career advancement.
- Why this job: This role offers managerial exposure and the chance to impact regulatory processes significantly.
- Qualifications: Must have extensive regulatory reporting experience and be a qualified accountant.
- Other info: Regular interaction with key stakeholders and a focus on process improvement.
The predicted salary is between 72000 - 108000 £ per year.
Established Banking group is currently hiring for a Deputy Head of Prudential Regulatory Reporting to join their London team. This role has been created through an internal move with the current incumbent moving into a Reg projects team. This is an ideal opportunity for a regulatory reporting professional who is looking to continue their managerial exposure and will report directly to the Head of Regulatory Reporting.
Responsibilities:
- Direct Line management of 7 FTE
- Oversight for all prudential regulatory returns, including COREP, liquidity and BOE, are ensuring they are submitted accurately and on time
- Review and technically challenge the Regulatory Reporting team and ensure returns are submitted in line with relevant requirements and regulations
- Close interaction with the Regulatory Change team to consolidate, enhance and automate existing regulatory reporting processes.
- Work closely with the Regulatory Policy team to ensure timely identification and implementation of regulatory policy, as well as the Capital Management team to ensure a cohesive link between regulatory reporting and capital management.
- Key role and input to the Horizon Scanning Forum and assumption and interpretation forum including the documentation and implementation of regulatory assumptions and interpretations
- Responsible for accurate and timely production of all internal reports covering month end regulatory metrics against regulatory requirements and risk appetite (including but not limited to SMF briefing papers, Capital Adequacy Committee, ALCO, Board Risk Committee and Board)
- Prepare and manage key capital, leverage, liquidity and other CRD IV disclosures in Interim and Annual Financial Statements, including preparation of key explanatory communications and reconciliations for senior management
Requirements
- Extensive prudential regulatory reporting experience from the Banking industry
- Strong and detailed knowledge of Capital (credit risk), Liquidity and BOE prudential regulations
- Proven experience of managing a small to medium sized team
- Track record in identifying areas of process improvements
- Qualified Accountant (ACA, ACCA or CIMA)
- Strong academic background
- Alteryx experience – desirable but not essential
This is a high profile role across the bank with regular interaction with key stakeholders across Finance, Risk & Treasury. It is therefore essential that you hold excellent interpersonal skills. The bank offers a hybrid flexible environment with 3 days in the office and offers realistic career progression opportunities.
Please note visa sponsorship is not available for this role.
Deputy Head of Prudential Regulatory Reporting employer: Eames Consulting
Contact Detail:
Eames Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Deputy Head of Prudential Regulatory Reporting
✨Tip Number 1
Make sure to highlight your extensive experience in prudential regulatory reporting during networking opportunities. Connect with professionals in the banking industry on platforms like LinkedIn and engage in discussions about regulatory changes and best practices.
✨Tip Number 2
Familiarize yourself with the specific regulatory frameworks mentioned in the job description, such as COREP and liquidity regulations. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 3
Prepare to discuss your management style and experiences in leading teams. Since this role involves direct line management of a team, showcasing your leadership skills and ability to drive process improvements will be crucial.
✨Tip Number 4
Engage with the Regulatory Change team and stay informed about ongoing projects within the bank. Showing that you are proactive and have a good understanding of how regulatory changes impact reporting processes can set you apart from other candidates.
We think you need these skills to ace Deputy Head of Prudential Regulatory Reporting
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your extensive prudential regulatory reporting experience and any relevant qualifications, such as ACA, ACCA, or CIMA. Emphasize your managerial experience and any specific achievements in regulatory reporting.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the banking industry. Discuss your experience with COREP, liquidity, and BOE regulations, and how you can contribute to the team’s success.
Highlight Interpersonal Skills: Given the importance of interpersonal skills in this role, provide examples in your application that demonstrate your ability to interact effectively with key stakeholders across Finance, Risk & Treasury.
Showcase Process Improvement Experience: Mention any past experiences where you identified areas for process improvements in regulatory reporting. This will show your proactive approach and ability to enhance existing processes.
How to prepare for a job interview at Eames Consulting
✨Showcase Your Regulatory Expertise
Make sure to highlight your extensive experience in prudential regulatory reporting. Be prepared to discuss specific regulations like COREP, liquidity, and BOE, and how you've ensured compliance in your previous roles.
✨Demonstrate Leadership Skills
Since this role involves direct line management of a team, share examples of how you've successfully managed teams in the past. Discuss your approach to mentoring and developing team members, as well as how you handle challenges within a team setting.
✨Discuss Process Improvements
Be ready to talk about any process improvements you've implemented in your previous positions. This could include automation of reporting processes or enhancements that led to more accurate submissions. Highlight your problem-solving skills and innovative thinking.
✨Prepare for Stakeholder Interaction
Given the high-profile nature of this role, prepare to discuss your experience interacting with key stakeholders across various departments. Emphasize your interpersonal skills and provide examples of how you've effectively communicated complex regulatory information to non-experts.