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- Tasks: Prepare and submit regulatory reports while ensuring compliance with financial regulations.
- Company: Join a leading banking institution in the heart of London.
- Benefits: Competitive salary, hybrid work model, and opportunities for professional growth.
- Other info: Dynamic team environment with a focus on innovation and accuracy.
- Why this job: Make a real impact in the finance sector while developing your skills.
- Qualifications: ACCA, CIMA, or ACA qualified with experience in regulatory reporting.
The predicted salary is between 60000 - 60000 £ per year.
We are seeking a detail-oriented Regulatory Reporting Accountant to join our finance team on a 2-year fixed-term contract. The role is responsible for preparing, analysing, and submitting accurate regulatory reports in compliance with relevant financial regulations and internal policies.
Skills
- Prepare and complete all prudential regulatory reports submitted to the PRA and the Bank of England, ensuring all deadlines are met.
- Improve the quality of regulatory returns by reviewing and analysing the underlying data used in their preparation.
- Ensure that regulatory rules are interpreted accurately and applied consistently across all reports.
- Assist in developing and strengthening the regulatory reporting control framework and environment to support complete and accurate reporting.
Key Responsibilities
- Prepare and submit regulatory returns (including COREP, FINREP, and Bank of England reports) accurately and on time, in line with all regulatory deadlines.
- Enhance and streamline the automation of the regulatory reporting platform (SUADE), ensuring efficient submissions via REGDATA and BEEDS.
- Monitor and assess new and updated regulatory requirements to maintain full compliance with reporting obligations.
- Develop and maintain policies and procedures covering all aspects of regulatory reporting, both statutory and statistical.
- Support the preparation of Pillar 3, ICAAP, and ILAAP documentation in collaboration with the Risk team.
- Assist with regular liquidity and capital monitoring, including the production of management information (MI) and Head Office reporting.
- Perform key controls, including reconciliations between regulatory returns and financial statements, to ensure data completeness and accuracy.
- Collaborate with stakeholders outside the Finance team to deepen understanding of products and their regulatory reporting treatment.
- Comply with internal policies and procedures, keeping line management informed of relevant issues as needed.
- Contribute to the production of monthly and quarterly MI dashboards for submission to governance committees.
Experience and Skills Required
- Ideally qualified in ACCA, CIMA, or ACA.
- Strong working knowledge of PRA/Bank of England regulatory requirements (including COREP, FINREP, and BoE returns), as well as EBA regulations and Q&A updates.
- At least two years’ experience in regulatory reporting.
- Solid data analysis skills, with the ability to assess and ensure data quality.
- Advanced proficiency in MS Office (Excel, Word, and PowerPoint), including the ability to develop technical regulatory calculations and build effective MI dashboards.
- In-depth understanding of validation rules, including their interpretation, definitions, and interactions across regulatory returns.
- Proactive approach to identifying misclassifications and maintaining clean, accurate databases.
- Experience with SUADE software is desirable.
- Strong written and verbal communication skills.
Regulatory Reporting Accountant – Banking – London Mayfair / Hybrid - Job Ref: 26031 employer: Howard Lock Consulting Ltd
Contact Detail:
Howard Lock Consulting Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory Reporting Accountant – Banking – London Mayfair / Hybrid - Job Ref: 26031
✨Tip Number 1
Network like a pro! Reach out to your connections in the banking sector, especially those who work in 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 your knowledge of PRA and Bank of England regulations. We recommend creating a cheat sheet of key terms and concepts to help you shine when discussing your expertise.
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've improved data quality or streamlined reporting processes in previous roles. We love seeing candidates who can demonstrate their impact.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for passionate individuals who want to make a difference in regulatory reporting.
We think you need these skills to ace Regulatory Reporting Accountant – Banking – London Mayfair / Hybrid - Job Ref: 26031
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Regulatory Reporting Accountant role. Highlight your experience with regulatory reports like COREP and FINREP, and don’t forget to mention any relevant qualifications like ACCA or CIMA.
Showcase Your Skills: In your application, emphasise your data analysis skills and proficiency in MS Office. We want to see how you can enhance our regulatory reporting processes, so give examples of how you've done this in the past.
Be Clear and Concise: When writing your cover letter, keep it clear and to the point. Explain why you're a great fit for the role and how your experience aligns with our needs. Remember, we appreciate straightforward communication!
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to track your application status directly!
How to prepare for a job interview at Howard Lock Consulting Ltd
✨Know Your Regulations
Make sure you brush up on the PRA and Bank of England regulatory requirements, especially COREP and FINREP. Being able to discuss these in detail will show that you're not just familiar with the role but also genuinely interested in the regulatory landscape.
✨Showcase Your Data Skills
Prepare examples of how you've used data analysis in your previous roles. Be ready to discuss specific instances where you improved data quality or streamlined reporting processes. This will highlight your analytical skills and your proactive approach.
✨Familiarise Yourself with SUADE
If you have experience with SUADE software, be sure to mention it! If not, do a bit of research on it beforehand. Understanding how it integrates with regulatory reporting can give you an edge and demonstrate your commitment to learning.
✨Communicate Clearly
Practice articulating complex regulatory concepts in simple terms. Strong communication skills are key in this role, so being able to explain your thought process clearly will impress the interviewers and show that you can collaborate effectively with other teams.