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- Tasks: Lead regulatory reporting and controls framework in a dynamic banking environment.
- Company: Join a UK-regulated bank focused on innovative regulatory solutions.
- Benefits: Hybrid work model, competitive pay, and potential for contract extension.
- Why this job: Make a real impact by rebuilding essential regulatory frameworks and driving change.
- Qualifications: Strong experience in regulatory reporting and credit risk management required.
- Other info: Fast-paced role with opportunities to automate processes and collaborate with senior stakeholders.
The predicted salary is between 60000 - 84000 £ per year.
We are looking for an experienced Regulatory Reporting / Controls Framework Lead to join a hands-on pilot in a UK-regulated banking environment. The focus is on PRA principle-based requirements (initially across counterparty credit risk / traded risk) and turning them into a practical, defensible set of controls, governance and reporting, following issues identified in the current set-up.
London (Hybrid) | Start: early March | Initial pilot: approx. 2 months (likely extension) | IR35 / engagement model: TBC
This is a delivery role. You will need to be the person who can sit with Risk/Finance/Controls stakeholders, work through what the PRA expects versus what the bank actually has, and rebuild a framework that stands up. There is also a longer-term aim to automate parts of the approach, but this role is about getting the foundations right.
Key Responsibilities- Interpret PRA principle-based expectations and supervisory requirements
- Convert regulatory principles into clear controls, ownership and governance
- Map controls to existing processes, data sources and evidence
- Identify gaps and agree remediation actions where things don’t stack up
- Build and document a regulatory reporting / controls framework
- Work directly with senior stakeholders across Risk, Finance, Credit and Controls
- Produce practical outputs (mapping, evidence packs, reporting approach) that can support future automation
- Strong experience delivering regulatory reporting / regulatory change in UK banking or consulting
- Good exposure to PRA-style, principle-based regulation
- Proven track record rebuilding controls and reporting frameworks (you must be hands-on)
- Background in credit risk / wholesale risk / traded risk / counterparty credit risk
- Comfortable working at pace in a slightly ambiguous pilot set-up
- Able to work hybrid in London (on-site presence required)
- Available to start early March
- This isn’t a pure Business Analyst role
- This isn’t a junior reporting analyst position
- This isn’t an AI/data scientist role (AI enablement is a separate workstream)
Regulatory Reporting Lead (PRA / Credit Risk) Contract in City of London employer: Essential Consulting
Contact Detail:
Essential Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory Reporting Lead (PRA / Credit Risk) Contract in City of 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 a referral.
✨Tip Number 2
Prepare for interviews by brushing up on PRA principles and recent regulatory changes. We recommend creating a cheat sheet of key topics to discuss, so you can confidently showcase your expertise during the interview.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website! We’ve got a streamlined process that makes it easy for you to submit your application. Plus, it shows you’re serious about joining our team and helps us keep track of your application.
We think you need these skills to ace Regulatory Reporting Lead (PRA / Credit Risk) Contract in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the job description. Highlight your experience in regulatory reporting and controls frameworks, especially in a UK banking context. We want to see how your skills align with 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 the perfect fit for this role. Mention specific experiences that relate to PRA principles and how you've tackled similar challenges in the past.
Showcase Your Hands-On Experience: Since this is a delivery role, we need to see your hands-on experience. Be sure to include examples of how you've rebuilt controls and reporting frameworks in previous roles. We love practical outputs, so don’t hold back!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you get all the updates directly from us. Plus, it’s super easy!
How to prepare for a job interview at Essential Consulting
✨Know Your Regulatory Stuff
Make sure you brush up on PRA principles and the specific regulatory requirements relevant to the role. Being able to discuss how these principles translate into practical controls will show that you’re not just familiar with the theory, but can apply it in a real-world banking environment.
✨Showcase Your Hands-On Experience
Prepare examples from your past roles where you've rebuilt controls or reporting frameworks. Be ready to discuss the challenges you faced and how you overcame them. This will demonstrate your ability to deliver in a hands-on capacity, which is crucial for this position.
✨Engage with Stakeholders
Think about how you would approach working with Risk, Finance, and Controls stakeholders. Prepare to discuss strategies for effective communication and collaboration, as this role requires you to bridge gaps between different teams and ensure everyone is aligned.
✨Be Ready for Ambiguity
Since this is a pilot role, there may be some uncertainty. Prepare to talk about how you handle ambiguous situations and your approach to problem-solving. Highlight any experiences where you successfully navigated similar environments, as this will reassure them of your adaptability.
