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- Tasks: Produce regulatory reports and support ongoing projects in a fast-growing bank.
- Company: Join a dynamic bank experiencing rapid growth and innovation.
- Benefits: Enjoy competitive salary, bonuses, and opportunities for professional development.
- Why this job: Be part of a crucial team impacting financial regulations and governance.
- Qualifications: Experience in a regulated environment; accounting qualification preferred but not essential.
- Other info: Contact Harry Coleman at Trace Recruitment for more details.
The predicted salary is between 60000 - 84000 £ per year.
We’re seeking an experienced Regulatory Reporting Accountant to bolster our clients regulatory reporting function. This role involves the production of regulatory reporting, including financial regulatory returns and regulatory capital guidance. You’ll work closely with stakeholders, the Head of Reg and other teams within the Finance function. The Bank is experiencing rapid growth, so in addition to playing a key role in producing reports, you will be expected to roll up your sleeves and get involved in ongoing project and process improvement work.
Key duties:
- Deliver the production of regulatory reporting to the PRA and FCA requirements, including COREP, FINREP, LCR, NSFR, ALMM, PRA110
- Develop yourself as a subject matter expert for all things regulatory reporting
- Responsible for NL form, Loan Assets, FSA017, PRA018, Basis Risk return, Covid19 return and BoE returns
- Support to Treasury and Risk in the monitoring of liquidity through enhanced MI
- Enhance the governance and control framework through improved documentation of policies, procedures, interpretations and key assumptions
- Assist in preparing the Pillar III disclosures
- Assist in performing detailed analysis of the accounting, regulatory capital and liquidity impact of new products
Experience Needed:
- Previous experience in a regulated environment is key
- Ideally, be a fully qualified accountant although not 100% essential
- Knowledge of current regulations and what their objectives are in relation to the bank
- Experience of developing and writing corporate documents such as ILAAP / ICAAP documents
Salaries are in the region of £75,000 - £95,000 dependant on experience + bonus & benefits.
Regulatory Reporting Accountant employer: Trace – Expert Accountancy Recruitment
Contact Detail:
Trace – Expert Accountancy Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory Reporting Accountant
✨Tip Number 1
Familiarise yourself with the specific regulatory requirements mentioned in the job description, such as COREP and FINREP. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the regulatory reporting field. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities within their organisations.
✨Tip Number 3
Stay updated on the latest changes in financial regulations and reporting standards. This knowledge will be crucial during discussions with stakeholders and can set you apart as a proactive candidate.
✨Tip Number 4
Prepare to discuss your experience in process improvement projects. Highlight any specific examples where you've enhanced reporting processes or governance frameworks, as this aligns well with the expectations of the role.
We think you need these skills to ace Regulatory Reporting Accountant
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities and requirements of the Regulatory Reporting Accountant position. Familiarise yourself with terms like COREP, FINREP, and LCR, as these will be crucial in your application.
Tailor Your CV: Highlight your relevant experience in regulatory reporting and any previous roles in a regulated environment. Emphasise your qualifications and any specific projects you've worked on that relate to the key duties mentioned in the job description.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the needs of the position, particularly your experience with financial regulatory returns and process improvement.
Showcase Your Expertise: If you have developed corporate documents like ILAAP or ICAAP, mention this in your application. Providing examples of your analytical skills and your ability to enhance governance and control frameworks will strengthen your candidacy.
How to prepare for a job interview at Trace – Expert Accountancy Recruitment
✨Know Your Regulations
Make sure you brush up on the latest regulations relevant to regulatory reporting, such as COREP and FINREP. Being able to discuss these in detail will show your expertise and understanding of the role.
✨Demonstrate Your Analytical Skills
Prepare to showcase your analytical abilities by discussing past experiences where you've performed detailed analysis of accounting or regulatory capital. Use specific examples to illustrate how your insights have impacted decision-making.
✨Engage with Stakeholders
Since the role involves working closely with various stakeholders, think about how you can demonstrate your communication skills. Be ready to discuss how you've successfully collaborated with different teams in previous roles.
✨Show Initiative in Process Improvement
Given the emphasis on project and process improvement, come prepared with ideas or examples of how you've contributed to enhancing processes in your past roles. This will highlight your proactive approach and willingness to roll up your sleeves.
