At a Glance
- Tasks: Prepare and deliver regulatory reports while collaborating with cross-functional teams.
- Company: Leading financial institution in London with a focus on regulatory reporting.
- Benefits: Gain valuable experience, work with experts, and enhance your professional skills.
- Other info: Opportunity to build relationships with key stakeholders and develop your career.
- Why this job: Join a dynamic team and make a real impact in the finance sector.
- Qualifications: Knowledge of regulatory frameworks and relevant accounting qualifications are essential.
The predicted salary is between 55000 - 65000 £ per year.
A leading financial institution in London is seeking a Regulatory Reporting Accountant to join their Finance team, specialising in regulatory reporting. This role offers you the opportunity to work closely with experienced professionals and contribute to the production and delivery of key regulatory returns at both Bank and Consolidated levels.
What you'll do:
- Prepare and deliver regulatory reports at both Bank-only and Consolidated levels using data collected from core banking systems and group company sources according to the regulatory timetable.
- Contribute to the production and review of regulatory KPIs for presentation to management and relevant committees, ensuring accuracy and timeliness.
- Support the process of embedding new products into the regulatory reporting framework by collaborating with cross-functional teams including IT, Risk, Treasury, Credit, and Mortgage Operations.
- Control and maintain the regulatory software solution, ensuring bespoke rules are clearly documented and that automated reporting remains robust.
- Produce daily dashboards covering liquidity coverage ratios (LCR), capital ratios, large exposures, as well as weekly PRA110 LMM reports for internal stakeholders.
- Ensure compliance with Consumer Duty regulations by acting in good faith towards customers, avoiding foreseeable harm, and enabling clients to pursue their financial objectives.
- Maintain effective relationships with key stakeholders across the business to ensure timely communication of process changes required for accurate regulatory reporting.
- Present regulatory returns to senior management for review and challenge, demonstrating transparency and openness throughout the process.
- Perform source data reconciliations, resolve identified breaks promptly, and maintain key control checks across all returns to uphold operational integrity.
- Document, maintain, and adhere to operational processes related to regulatory reporting software while ensuring compliance with internal control standards.
What you bring:
- Appropriate knowledge of requirements instituted through CRR (Capital Requirements Regulation), PRA rulebook, Bank of England guidelines, and Basel 3.1 frameworks is essential for success in this role.
- Relevant accounting experience or qualifications such as CIMA or IFQ are required alongside proven expertise in regulatory reporting within financial services.
- Experience responding professionally to regulator enquiries as well as senior management requests demonstrates your ability to communicate complex information clearly.
- Ability to liaise effectively with stakeholders across IT departments and Risk functions ensures smooth integration of new products into reporting processes.
- Solid understanding of accounting principles combined with strong balance sheet knowledge enables you to produce accurate financial reports under tight deadlines.
- Familiarity with Regnology (formerly Vermeg) regulatory reporting application is advantageous but not mandatory; willingness to learn new systems is important.
- Excellent communication skills allow you to build dependable relationships internally with peers and externally with regulators such as PRA or Bank of England.
What's next:
Apply today by clicking on the link provided.
Regulatory Reporting Accountant in London employer: Robert Walters
As a leading financial institution in London, we pride ourselves on fostering a collaborative and dynamic work environment where Regulatory Reporting Accountants can thrive. Our commitment to employee growth is evident through continuous professional development opportunities and the chance to work alongside seasoned experts in the field. With a focus on innovation and compliance, we offer a unique advantage of being at the forefront of regulatory changes, ensuring that our team members are well-equipped to navigate the complexities of the financial landscape.
StudySmarter Expert Advice🤫
We think this is how you could land Regulatory Reporting Accountant in London
✨Tip Number 1
Network like a pro! Reach out to professionals in the finance sector, especially those who work in regulatory reporting. Use platforms like LinkedIn to connect and engage with them; you never know who might have a lead on your dream job!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of CRR, PRA rules, and Basel frameworks. We recommend creating a cheat sheet of key concepts and examples from your experience that demonstrate your expertise in regulatory reporting.
✨Tip Number 3
Showcase your communication skills! During interviews, be ready to explain complex regulatory concepts in simple terms. This will highlight your ability to liaise effectively with stakeholders, which is crucial for this role.
✨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 Regulatory Reporting Accountant in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Regulatory Reporting Accountant role. Highlight your relevant experience and skills that match the job description, especially your knowledge of CRR and regulatory reporting.
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 demonstrate your ability to handle regulatory reports and work with cross-functional teams.
Showcase Your Communication Skills:Since communication is key in this role, make sure to highlight your ability to present complex information clearly. Share examples of how you've effectively liaised with stakeholders or responded to regulator enquiries in the past.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets the attention it deserves. Plus, it shows us you’re serious about joining our team!
How to prepare for a job interview at Robert Walters
✨Know Your Regulations
Make sure you brush up on the Capital Requirements Regulation (CRR), PRA rulebook, and Basel 3.1 frameworks. Being able to discuss these regulations confidently will show that you understand the core of the role and can hit the ground running.
✨Showcase Your Reporting Skills
Prepare examples of your previous regulatory reporting experience. Be ready to discuss how you've handled tight deadlines and ensured accuracy in your reports. This will demonstrate your ability to manage the responsibilities of the role effectively.
✨Communicate Clearly
Practice explaining complex financial concepts in simple terms. You’ll need to present regulatory returns to senior management, so being able to communicate clearly and effectively is key. Think about how you can make your points concise and impactful.
✨Build Relationships
Highlight your experience in liaising with cross-functional teams. Discuss how you've collaborated with IT, Risk, and other departments to integrate new products into reporting processes. This shows you’re a team player who values effective communication and collaboration.
