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- Tasks: Prepare and finalise regulatory reports for the PRA and Bank of England.
- Company: Join an international bank in the vibrant West End of London.
- Benefits: Competitive salary, flexible working, and a supportive team environment.
- Other info: Dynamic role with opportunities for professional growth and development.
- Why this job: Make a real impact on regulatory compliance while developing your skills.
- Qualifications: ACCA/CIMA or ACA qualified with regulatory reporting experience.
The predicted salary is between 57000 - 63000 £ per year.
Sterling Williams are working alongside an international bank in the West End of London who are looking to hire a Regulatory Reporting Accountant on an initial 2 year Fixed Term Contract.
The purpose of the role is to be involved with the preparation and finalising all prudential regulatory reporting as submitted to the PRA and Bank of England (BoE) ensuring submission deadlines are met. Responsibilities include:
- Supporting the enhancement quality of the regulatory returns by analysing the underlying data used in the production of the returns.
- Building regulatory reporting control framework and control environment ensuring complete and accurate reporting activities.
- Production of regulatory returns (COREP, FINREP and BoE returns) in a timely manner.
- Improving existing automation of Regulatory Reporting platform (SUADE) for submission via REGDATA and BEEDS.
- Performing horizon scanning over the publication of new regulatory requirements or updates to existing guidelines to ensure the Bank complies with the applicable reporting requirements.
- Producing or updating the policies and procedures covering all regulatory reporting (statutory as well as statistical).
- Assisting in the preparation of Pillar 3, ICAAP and ILAAP documents as required based on the data request from the risk department.
- Assisting with the daily/weekly/monthly liquidity and capital monitoring and production of MI including Head Office reporting.
- Performing controls including reconciliation of regulatory returns with the financial statements to ensure completeness and accuracy of the submissions.
- Liaising with stakeholders outside the finance control team to develop understanding of the products and their treatment for regulatory reporting purposes.
- Adhering to the Bank’s policies and procedures and keeping line managers informed of any matter as appropriate.
- Supporting production of monthly/quarterly dashboards for MI to be submitted to various governing bodies.
Experience and Skills required:
- Ideally ACCA/CIMA or ACA qualified.
- Working knowledge of PRA/Bank of England regulatory requirements (COREP, FINREP and BoE returns), EBA regulations and Q&A updates is essential.
- Minimum two years of regulatory reporting experience.
- Good data analytical skills to support assessing the quality of the data.
- Strong knowledge of MS Office (Excel, Word and PowerPoint) and able to formulate technical regulatory calculations and effective MI dashboards.
- Detailed knowledge of validation rules, interpretation of rules and definitions and the interplay between returns.
- Proactive in identifying misclassifications and database cleaning.
- Previous experience with SUADE software is desirable.
- Good written and verbal communication skills.
Regulatory Reporting Accountant in London employer: Sterling Williams LTD
Contact Detail:
Sterling Williams LTD Recruiting Team
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 your connections in the finance and regulatory reporting sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of PRA and Bank of England regulations. Be ready to discuss your experience with COREP, FINREP, and any relevant software like SUADE. Show them you’re not just a candidate, but the candidate they need!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Mention something specific from your conversation to show you were engaged and interested.
✨Tip Number 4
Apply through our website for the best chance at landing that Regulatory Reporting Accountant role. We’re always looking for talented individuals, and applying directly can help us see your application faster!
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 experience with regulatory reporting, especially with PRA and BoE returns, and any relevant qualifications like ACCA or CIMA. We want to see how your skills match what we're looking for!
Showcase Your Skills: In your application, don’t just list your skills—show us how you've used them! If you’ve improved automation in regulatory reporting or have strong data analytical skills, give us examples. We love seeing real-life applications of your expertise.
Be Clear and Concise: When writing your application, keep it clear and to the point. Use straightforward language and avoid jargon unless it's relevant to the role. We appreciate a well-structured application that’s easy to read and gets straight to the important bits.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It helps us keep track of applications and ensures you’re considered for the role. Plus, it’s super easy to do—just follow the prompts!
How to prepare for a job interview at Sterling Williams 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 terms but understand their implications.
✨Showcase Your Analytical Skills
Prepare examples of how you've used data analysis to improve reporting quality in your previous roles. Be ready to explain your thought process and the impact of your work on regulatory returns.
✨Familiarise Yourself with SUADE
If you have experience with SUADE software, be prepared to discuss it. If not, do a bit of research on its functionalities and how it integrates with regulatory reporting. This shows initiative and a willingness to learn.
✨Communicate Clearly
Since the role involves liaising with various stakeholders, practice articulating complex regulatory concepts in simple terms. Good communication can set you apart, so think about how you can convey your ideas effectively during the interview.