At a Glance
- Tasks: Manage and prepare regulatory reports for UK financial authorities, ensuring accuracy and compliance.
- Company: Join a leading financial institution with a commitment to excellence and innovation.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Dynamic team environment with potential for career advancement.
- Why this job: Be at the forefront of financial regulation and make a significant impact in the industry.
- Qualifications: Strong understanding of regulatory reporting and financial compliance.
The predicted salary is between 60000 - 75000 £ per year.
The role holder is primarily responsible for:
- All London Regulatory Reporting requirements to the UK PRA / Bank of England, FCA and CB UAE.
- Maintaining and monitoring an annual tracker of all Reg Reports and tax issued by the UK Finance department.
- Supporting the broader UK Finance goals and segregation of duty requirements as directed by their line manager.
Regulatory reporting encompasses all reporting requirements to:
- PRA (Bank of England)
- FCA
- CB UAE
- ONS
Ensure that all Group and UK Regulatory reporting requirements to all internal and external recipients are both accurate and delivered on time. Manage, maintain and develop UK Regulatory reporting software. Act as an advisor to businesses for new/existing products, processes and business arrangements relating to regulatory reporting compliance whilst ensuring all key information is captured for Regulatory reporting purposes.
Key Accountabilities:
- Preparing/Reviewing all regulatory returns in compliance with the local and Group Central Bank and/or Regulators guidelines ensuring:
- Reports are accurate and submitted no later than the due date.
- Allow adequate time for review and (any) correction prior to submission.
- Returns are fully referenced, reconciled within themselves and to the General Ledger.
- Explanations are provided for any key period on period movements and/or unusual items.
- Respond to any variance questions from UK Regulators.
- Prepare Ad Hoc reports requested from HO associated with CB UAE requests.
The role holder must have the requisite knowledge to meet UK and First Abu Dhabi Bank regulatory reporting requirements. This requires the job holder to:
- Keep up to date with all changes to the UK regulatory reporting environment advising seniors of new requirements with a full impact assessment.
- Perform an ongoing review of all key static data.
- Plan (act as project manager) for all changes to ensure they can be delivered ahead of any new reporting requirement.
- Recommend any training programs, courses etc necessary to ensure responsibilities can be met.
For CASS Reporting, the role holder will support the Accountable CASS Officer (currently CFO) by preparing annual CASS questionnaires for UK Customers.
For Daily SONIA reporting, the role holder will be a member of the reporting team.
Ensuring accuracy of any regulatory static data (BoE codes etc) and W8BNE Form questions associated with new customers.
Specialist Financial & Regulatory Reporting employer: First Abu Dhabi Bank (FAB)
As a leading employer in the financial services sector, our company offers a dynamic work environment that fosters collaboration and innovation. Located in the heart of London, we provide our employees with competitive benefits, ongoing professional development opportunities, and a strong commitment to compliance and operational excellence. Join us to be part of a team that values your expertise and supports your career growth while making a meaningful impact in Trade Finance.
Contact Details:
First Abu Dhabi Bank (FAB) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Specialist Financial & Regulatory Reporting
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We think you need these skills to ace Specialist Financial & Regulatory Reporting
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to First Abu Dhabi Bank (FAB).
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Research and Reflect:Before hitting that 'apply' button on First Abu Dhabi Bank (FAB)'s website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at First Abu Dhabi Bank (FAB)
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with First Abu Dhabi Bank (FAB).
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at First Abu Dhabi Bank (FAB) will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former First Abu Dhabi Bank (FAB) employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
