At a Glance
- Tasks: Lead projects ensuring regulatory compliance and perform detailed reviews of capital calculations.
- Company: Join a dynamic finance team focused on quality assurance in regulatory reporting.
- Benefits: Competitive salary, diverse work environment, and opportunities for professional growth.
- Other info: Collaborative culture with a focus on diversity and inclusion.
- Why this job: Make a real impact in finance while working on cutting-edge regulatory challenges.
- Qualifications: Experience in financial services and strong analytical skills required.
The predicted salary is between 80000 - 100000 £ per year.
Join the Quality Assurance team that consists of 5 people and reports into the Head of Regulatory Reporting in Finance. The team is responsible for providing assurance over the capital calculations of the UK and EU regulated entities under the CRR (Capital Requirements Regulation) and IFPR (Investment Firm Prudential Regime). Working alongside the Reporting, Capital Product (Change) and Capital Policy teams, the Quality Assurance team performs targeted reviews to substantively test the existing regulatory implementations. Topics in scope include RWA, Leverage and Large Exposure calculations, as well as IFPR calculations. The team is also responsible for reviewing new implementation requirements before they go live such as CRR3 / Basel 3.1.
As a Vice President within the Quality Assurance team, you will be responsible for your own individual projects. You will perform targeted reviews on regulatory calculations and disclosures. This will involve reviewing the relevant regulation, business requirements, and operating models. You will utilise Excel / Alteryx to recreate calculations independently and perform substantive testing. Where possible you will work with the Regulatory Reporting and Capital Product teams to help remediate any findings. At the conclusion of the review, you will write and present detailed reports of findings to senior management, including impact assessments and recommendations for further remediation plans. The team also provides technical support to the Reporting team in several ways. This will include providing subject matter expertise with respect to reporting interpretations and assisting the Reporting team when issues or challenges arise. You will also work with the Change teams to identify appropriate ways to strategically remediate issues and ensure these are prioritised appropriately.
Job Responsibilities
- Work independently on 1-4 month projects to perform targeted reviews on regulatory calculations and related disclosures
- Assist the Reporting team with the implementation of remediation plans and/or other projects where required
- Work with the Capital Product / Last Mile teams to review the requirements for upcoming regulatory implementations, including future regulation and COREP requirements
- Track regulatory reporting publications, EBA Q&A’s and form reporting interpretations where required by the Reporting team
Required qualifications, capabilities and skills
- Familiarity with large parts of the regulatory rules (CRR2/3) and reporting requirements (COREP) under the UK/EU regulation
- Proficiency in Microsoft Office – Excel, Outlook, Word and PowerPoint
- Degree qualification and either accountancy qualification or qualification by experience within Financial Services industry
- Good understanding of investment banking products including derivatives/security financing transactions and banking products (deposits, loans, credit facilities)
- Self-motivated and ability to work independently; focused on execution skills and the ability to deliver results even through challenges
- Ability to communicate effectively and build relationships across teams
- Ability to critically review and challenge numbers with strong analytical skills; flexibility to work under pressure to meet changing work requirements
Preferred Qualifications, capabilities and skills (not required)
- Knowledge of the IFPR regulatory rules and reporting requirements
- Experience using Alteryx to build complicated solutions with large datasets
We recognise that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We do not discriminate on the basis of any protected attribute, including race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs.
VP, Regulatory QA & Capital Calculations employer: TwinThread
As a leading employer in the financial services sector, we pride ourselves on fostering a collaborative and inclusive work culture that empowers our employees to excel. The VP, Regulatory QA & Capital Calculations role offers unique opportunities for professional growth through challenging projects and direct engagement with senior management, all while being part of a supportive team dedicated to ensuring regulatory compliance. Located in a vibrant city, our office provides a dynamic environment where innovation thrives, and employees are encouraged to develop their skills and advance their careers.
StudySmarter Expert Advice🤫
We think this is how you could land VP, Regulatory QA & Capital Calculations
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those already working in regulatory QA or finance. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of CRR and IFPR regulations. We want you to be able to discuss these topics confidently, showing that you're not just familiar but passionate about them.
✨Tip Number 3
Showcase your analytical skills! Be ready to discuss how you've tackled complex problems in the past, especially those involving regulatory calculations. Use examples that highlight your ability to deliver results under pressure.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who take that extra step to connect with us directly.
We think you need these skills to ace VP, Regulatory QA & Capital Calculations
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the job description. Highlight your familiarity with regulatory rules like CRR2/3 and your proficiency in Excel or Alteryx. We want to see how you can bring value to our Quality Assurance team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the VP role. Mention specific projects you've worked on that relate to regulatory calculations and how you’ve tackled challenges in the past. Let us know what excites you about joining StudySmarter!
Showcase Your Analytical Skills:In your application, don’t forget to highlight your analytical skills and your ability to critically review numbers. We’re looking for someone who can dive deep into regulatory calculations and provide insightful recommendations. Share examples of how you've done this before!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it gives you a chance to explore more about our company culture and values!
How to prepare for a job interview at TwinThread
✨Know Your Regulations
Make sure you brush up on the CRR and IFPR regulations before your interview. Being able to discuss specific regulatory requirements and how they impact capital calculations will show that you're not just familiar with the rules, but that you can apply them practically.
✨Excel and Alteryx Skills Matter
Since you'll be using Excel and Alteryx for calculations, it’s a good idea to prepare some examples of how you've used these tools in past projects. Be ready to discuss any complex solutions you've built and how they helped in your previous roles.
✨Prepare for Scenario Questions
Expect questions that ask you to solve hypothetical problems related to regulatory calculations or disclosures. Practise articulating your thought process clearly, as this will demonstrate your analytical skills and ability to work under pressure.
✨Showcase Your Communication Skills
As you'll be presenting findings to senior management, it's crucial to highlight your communication abilities. Prepare to discuss how you've effectively communicated complex information in the past, and think about how you would present your findings in a clear and concise manner.
