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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 professional development opportunities.
- Other info: Dynamic role with excellent career growth in a supportive environment.
- Why this job: Make a real impact on regulatory compliance and enhance reporting quality.
- 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. Supporting the enhancement quality of the regulatory returns by analysing the underlying data used in the production of the returns, and to support 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.
- Improve existing automation of Regulatory Reporting platform (SUADE) for submission via REGDATA and BEEDS.
- Perform horizon scanning over the publication of new regulatory requirements or updates to existing guidelines to ensure the Bank complies with the applicable reporting requirements.
- Produce or update the policies and procedures covering all regulatory reporting (statutory as well as statistical).
- Assist in the preparation of Pillar 3, ICAAP and ILAAP documents as required based on the data request from the risk department.
- Assist with the daily/weekly/monthly liquidity and capital monitoring and production of MI including Head Office reporting.
- Perform controls including reconciliation of regulatory returns with the financial statements to ensure completeness and accuracy of the submissions.
- Liaise with stakeholders outside finance control team to develop understanding of the products and their treatment for regulatory reporting purposes.
- Adhere to Banks policies and procedures and keep line managers informed of any matter as appropriate.
- Support 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 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
✨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 love seeing applications directly from our platform, and it helps us keep track of all the amazing talent out there!
We think you need these skills to ace Regulatory Reporting Accountant
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 requirements. We want to see how your skills match what we're looking for!
Showcase Your Skills: Don’t just list your qualifications; show us how you've used them in real situations. If you’ve worked with COREP, FINREP, or SUADE, give us examples of how you’ve made an impact. We love seeing practical applications of your skills!
Be Clear and Concise: When writing your application, keep it clear and to the point. Use bullet points where possible to make it easy for us to read. We appreciate a well-structured application that 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’s super easy and ensures your application goes directly to us. Don’t miss out on this opportunity – we can’t wait to hear from you!
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 basics but also understand the nuances of regulatory reporting.
✨Show Off Your Data Skills
Prepare to demonstrate your data analytical skills during the interview. Bring examples of how you've assessed data quality in previous roles, and be ready to discuss any experience you have with SUADE software or similar tools.
✨Communicate Clearly
Since this role involves liaising with various stakeholders, practice articulating complex regulatory concepts in a straightforward manner. Good written and verbal communication skills are key, so consider preparing a few scenarios where you successfully communicated technical information.
✨Be Proactive
Highlight instances where you've identified misclassifications or improved processes in your past roles. This shows that you're not just reactive but can take initiative in enhancing the regulatory reporting framework, which is crucial for this position.