At a Glance
- Tasks: Produce and certify regulatory metrics while ensuring data quality and compliance.
- Company: Join Société Générale, a leading global investment firm committed to innovation and diversity.
- Benefits: Enjoy opportunities for professional growth, community engagement, and a supportive work culture.
- Why this job: Make a real impact in finance while collaborating with diverse teams and enhancing your skills.
- Qualifications: Deep knowledge of UK CRR regulations and strong communication skills required.
- Other info: High autonomy after initial training; perfect for those eager to learn and grow.
The predicted salary is between 43200 - 72000 £ per year.
Responsibilities
Introduction to Role
The UK Finance Division (DFIN) is responsible for:
- Steering the financial and budgetary strategy of SGIL and SG London Branch, including investment and development policies;
- Managing scarce resources (liquidity and capital) and regulatory reporting to the PRA for SGIL;
- Measuring and analyzing the profitability of activities across clients, businesses, and geographies, and resource utilization;
- Certifying accounts, ensuring accounting quality, valuation methods, and compliance with regulations;
- Providing expertise on accounting standards, taxation, resource management, and regulation.
Societe Generale International Ltd (\’SGIL\’) is a Designated Investment Firm, dual regulated by the PRA and FCA, and subject to UK CRR Prudential reporting requirements. This role supports SGIL in the UK. SGIL is a wholly owned subsidiary of SG SA, integrated into the Global Markets Division (\’MARK\’).
Key Purposes of Role
- This role involves producing Prudential Regulatory Metrics under UK CRR, covering Liquidity, Capital, Large Exposures, Leverage, and FINREP reporting.
- Responsible for the production, review, analysis, and certification of prudential metrics, with oversight of reports produced by the Bucharest team.
- Ensuring process accuracy, data quality, and validation before submission.
- Investigating issues, ensuring control frameworks, and providing cross-team coverage for regulatory metrics.
Key Responsibilities
- Production, review, and certification of prudential metrics, including oversight of Bucharest team outputs.
- Maintaining up-to-date process and methodological documentation.
- Addressing data quality issues through governance processes.
- Monitoring metrics against Early Warning Indicators and reporting on Risk Appetite.
- Producing reports for SG Group on Solvency and Liquidity metrics, with validation and certification.
- Handling ad-hoc requests and continuous process improvements, leveraging automation.
- Generating monthly and quarterly reports for coordination with Group.
- Providing inputs for ICAAP, ILAAP, and Recovery & Resolution Planning.
- Collaborating with Asset & Liability and Treasury teams on solvency and liquidity management.
- Supporting regulatory change implementation and project work.
- Performing simulations of new product impacts.
Profile required
- Deep knowledge of UK CRR regulations: Liquidity, Solvency, FINREP.
- Strong skills in balance sheet modeling and linking business products to regulatory metrics.
- Good accounting knowledge.
- Excellent communication skills and team relationship abilities.
- Proficiency in English, with international communication experience.
- High autonomy after an initial learning period.
Why join us
We are committed to diversity and equal opportunity. All qualified applicants are considered regardless of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.
Business insight
At Société Générale, we believe people drive change. We foster an environment of innovation, daring, and action. Join us to grow professionally and make a positive impact. We also support employee involvement in solidarity actions, including volunteering and community engagement.
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Finance Regulatory Reporting Accountant employer: National Association of Mutual Insurance Companies
Contact Detail:
National Association of Mutual Insurance Companies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Regulatory Reporting Accountant
✨Tip Number 1
Familiarise yourself with UK CRR regulations, especially around Liquidity and Solvency. Understanding these regulations will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the finance sector, particularly those who work in regulatory reporting. Engaging with them can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Showcase your analytical skills by discussing any relevant projects or experiences where you've dealt with financial metrics or reporting. This will highlight your capability to handle the responsibilities of the role.
✨Tip Number 4
Prepare for potential technical questions related to balance sheet modelling and regulatory metrics. Being well-prepared will boost your confidence during the interview process.
We think you need these skills to ace Finance Regulatory Reporting Accountant
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Finance Regulatory Reporting Accountant position. Familiarise yourself with UK CRR regulations and the specific metrics involved.
Tailor Your CV: Highlight your relevant experience in regulatory reporting, accounting, and financial analysis. Make sure to emphasise your knowledge of UK CRR regulations and any experience with liquidity and solvency metrics.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and how your skills align with the company's needs. Mention your communication skills and ability to work autonomously, as these are key for this position.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for a role in finance.
How to prepare for a job interview at National Association of Mutual Insurance Companies
✨Know Your Regulations
Make sure you have a deep understanding of UK CRR regulations, especially around Liquidity, Solvency, and FINREP. Be prepared to discuss how these regulations impact financial reporting and decision-making.
✨Showcase Your Analytical Skills
Highlight your experience with balance sheet modelling and linking business products to regulatory metrics. Be ready to provide examples of how you've used these skills in previous roles to improve reporting accuracy.
✨Communicate Effectively
Excellent communication skills are crucial for this role. Practice articulating complex financial concepts clearly and concisely, as you'll need to collaborate with various teams and present findings.
✨Demonstrate Autonomy and Initiative
This position requires high autonomy after an initial learning period. Share examples from your past where you've taken the initiative to solve problems or improve processes without needing constant supervision.