At a Glance
- Tasks: Lead regulatory reporting and ensure compliance with financial regulations in a dynamic banking environment.
- Company: A highly successful global wholesale bank based in Central London.
- Benefits: Competitive pay, hybrid working model, and a supportive team culture.
- Other info: Join a stable organisation with excellent career growth opportunities.
- Why this job: Make a significant impact on regulatory compliance and drive innovative reporting solutions.
- Qualifications: Fully-qualified accountant with strong banking experience and knowledge of UK regulations.
We are now recruiting for a 3-month contract position for a Senior Regulatory Reporting Manager for a highly successful global wholesale bank based in Central London (with hybrid/mixed model working). The CFO has built a solid Finance function with a good team culture and work environment. The bank is well capitalised with a healthy balance sheet and the organisation is stable, professional and well-run.
The Senior Regulatory Reporting Manager is responsible for the accurate, compliant, and timely delivery of the Bank’s prudential and financial regulatory reporting. This role is responsible for interpreting detailed compliance requirements, maintaining the regulatory policy framework, and keeping the technical manual up to date across all jurisdictions.
As a subject matter expert, the incumbent will ensure rigorous control frameworks are adhered to, drive the implementation and design of the Bank’s new automated regulatory reporting platform, and provide critical data to support liquidity and capital risk management (ICAAP/ILAAP).
The regulatory scope spans the Prudential Regulation Authority (PRA), the Bank of England (BoE), the Financial Conduct Authority (FCA) and the European Banking Authority (EBA), and the local regulator via the Group Head Office.
Profile / Search Criteria:- Ideally a Fully-Qualified (ACA / ACCA / CIMA) accountant / finance professional
- Strong knowledge of commercial banking products including treasury products and at least 5 years of banking experience
- Strong accounting knowledge including UK GAAP and IFRS
- Working knowledge of IFRS 9
- Extensive knowledge of Basel/CRD IV rules and implementation protocols for UK regulations including CRR2
- Knowledge of the new regulations and returns relevant to credit institutions, e.g., Basel 3.1
- Regulatory Return Preparation & Submission: Assume complete responsibility for preparing and submitting regulatory reports/returns on an accurate and timely basis across all relevant regimes.
- Data Analysis & Classification: Extract, analyse, and interpret complex data from core banking and derivative platforms. This includes determining the regulatory treatment and classification of commercial banking products and complex derivatives (e.g., Interest Rate Swaps, Cross-Currency Swaps, Forward FX, Asset-Backed Securities, and Repos).
- Accounting Alignment: Ensure all reporting aligns with UK GAAP and International Financial Reporting Standards (IFRS).
- Data Quality & Reconciliation: Implement adjustments for errors or reclassifications, ensure key control totals are fully reconciled to the General Ledger, and provide detailed variance commentary for significant movements.
- Portal Management: Manage system parameters to ensure seamless, controlled data uploads into the FCA/PRA RegData portal, as well as local platforms for Group Finance.
- Regulator Liaison: Act as a primary point of contact to directly manage and resolve technical queries raised by external regulatory bodies.
- Daily Monitoring & Senior Management Advisory: Maintain continuous daily monitoring of key regulatory metrics, including Capital Adequacy, Liquidity Coverage Ratios (LCR), Net Stable Funding Ratios (NSFR), and Large Exposures.
- Risk Reporting: Deliver critical control and compliance limit information to Treasury and Senior Management on a daily, weekly, and monthly basis.
- Business Partnering: Collaborate directly with Business Heads to assess the regulatory capital and liquidity impacts of significant balance sheet movements.
- Data Governance, Controls, & System Architecture: Maintain strict quality control and data lineage over the reporting base, ensuring data from the London entity aligns flawlessly with the general ledger.
- System Implementation: Play a leading role in the design, configuration, parameter maintenance, and implementation of the Bank’s new regulatory reporting solution.
- Audit Trail: Initiate systems specification updates, streamline data workflows, and maintain a pristine audit trail of all manual adjustments and system enhancements.
- Strategic Project Delivery: Lead the regulatory reporting workstreams for business-critical change projects, including Basel 3.1 / Basel IV Implementation, Automated Regulatory Reporting (ARR) system transition, Loans and Collateral (L&C) system enhancements, and regulatory adjustments for specialised product streams (e.g., Expat Banking).
Senior Regulatory Reporting Manager (3-month contract) - Global Wholesale Banking Group - £450 - ... in London employer: LH Partners
Join a highly successful global wholesale bank in Central London, where you will thrive in a stable and professional environment that prioritises team culture and employee well-being. With a strong focus on compliance and innovation, this role offers the opportunity to lead critical regulatory reporting initiatives while benefiting from a hybrid working model and robust career development prospects. Experience a workplace that values expertise and fosters growth, making it an excellent choice for finance professionals seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Regulatory Reporting Manager (3-month contract) - Global Wholesale Banking Group - £450 - ... in London
✨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 UK GAAP, IFRS, and Basel regulations. We want you to be the go-to expert in the room, so practice explaining complex concepts in simple terms.
✨Tip Number 3
Showcase your experience with automated reporting systems. If you've worked on similar projects, share those stories during interviews. It’ll highlight your hands-on expertise and make you stand out!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Senior Regulatory Reporting Manager (3-month contract) - Global Wholesale Banking Group - £450 - ... in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Regulatory Reporting Manager role. Highlight your experience with regulatory reporting and compliance, especially in relation to UK GAAP and IFRS. We want to see how your skills match 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 the responsibilities outlined in the job description, like your knowledge of Basel rules or your experience with automated reporting systems.
Showcase Your Technical Skills:Since this role involves a lot of data analysis and system management, make sure to showcase your technical skills. Talk about any relevant software or tools you've used in previous roles, especially those related to regulatory reporting and data governance.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, we love seeing applications come directly from our site!
How to prepare for a job interview at LH Partners
✨Know Your Regulations
Make sure you brush up on the latest regulations, especially Basel 3.1 and CRD IV rules. Being able to discuss these in detail will show that you're not just familiar with the requirements but also understand their implications for the bank's operations.
✨Showcase Your Technical Skills
Prepare to talk about your experience with regulatory reporting platforms and data analysis tools. Highlight any specific projects where you've implemented or improved reporting systems, as this will demonstrate your hands-on expertise in the area.
✨Be a Team Player
Since this role involves collaboration with various departments, be ready to share examples of how you've successfully partnered with others in previous roles. Emphasising your ability to work within a team will resonate well with the bank's culture.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific regulatory challenges or data discrepancies. Practising your responses to these scenarios will help you articulate your problem-solving skills and your approach to maintaining compliance.
