At a Glance
- Tasks: Ensure accurate non-financial reporting and manage data quality across the bank.
- Company: Join a leading bank with a focus on innovation and regulatory excellence.
- Benefits: Competitive salary, flexible working hours, and opportunities for professional growth.
- Why this job: Be part of a dynamic team making a real impact in financial regulations.
- Qualifications: Experience in banking, strong analytical skills, and proficiency in Excel.
- Other info: Collaborative environment with a focus on continuous improvement and innovation.
The predicted salary is between 36000 - 60000 £ per year.
As part of the Tax & Regulatory Reporting Team, the Associate role is a key element to this team, ensuring high quality and accuracy of the non‑financial reporting completed by the Bank meets all regulatory obligations, in an environment which is subject to constant change and evolution.
Responsibilities
- The team is responsible for the control, oversight and constant improvement in respect of tax regulations and reporting related to US WI, FATCA, CRS, CGT and their related annual tax packs in addition to regulatory activities including MiFID ii.
- Manage data quality across the bank which impacts the quality of the various reporting obligations, always striving to achieve 100% accuracy.
- Monitor, review and manage controls to ensure continuous improvement in reporting.
- Understand the pathway, translation and logic of the data extracted from the systems.
- Act as SME in respect of the various third‑party tools utilised across the dept.
- Participate in the data preparation and validation for reporting such as FATCA/CRS.
- QI/FATCA/CRS data quality control, reconciliation and reporting.
- Act as a key contact for internal colleagues and any third parties.
- Follow up on requests from internal/external auditors, regulatory authorities.
- Understand regulatory risk sensitivity and develop an end‑to‑end view of the Bank’s flow/process.
- Correction of issues raised and update the reporting tool’s database, avoiding re‑occurrence.
- Liaising and coordinating with the various departments responsible for the underlying data for the necessary corrections, explanations, data input and resubmission of the amended report(s).
- Producing both regular and ad‑hoc reporting statistics for internal and external parties.
- Contribute to any testing linked to regulatory and reporting updates.
- Ability to manage and interrogate large amounts of data files.
Core competencies
- Open mind and team orientation: Be open to ideas and improvements. Express and accept constructive criticism.
- Innovation and development: Propose and seek improvement of the current tools and processes. Be positive towards change and seek opportunities to improve the quality of the working environment.
- Maintaining knowledge as SME and remain current in the regulations.
Corporate culture
- Be ‘solution oriented’ and have a strong sense of customer service.
- Be proactive and driven.
- Develop and maintain strong relationships with the various Bank departments.
- Always adhere to and understand internal and external regulations.
Skills & Abilities
- Good knowledge of the financial products and associated transactions.
- 8 years of experience in banking or financial services.
- Project management experience.
- Strong Excel, Access skills.
- Strong analytical skills, able to make complex data reconciliation.
- Ability to manage priorities in a fast changing environment.
- Be able to work independently and also within a team.
- Striving to improve the current set up and environment.
- Go above and beyond specific assignments.
- Always comply with internal & external regulations.
Tax and Regulatory Reporting Associate employer: UBP - Union Bancaire Privée
Contact Detail:
UBP - Union Bancaire Privée Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Tax and Regulatory Reporting Associate
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and its regulatory environment. Understand their challenges and think about how your skills can help them improve their reporting processes. Show them you’re not just another candidate!
✨Tip Number 3
Practice your data analysis skills! Be ready to discuss how you've managed large datasets and improved reporting accuracy in past roles. Use real examples to demonstrate your expertise and problem-solving abilities.
✨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 and engaged with our brand.
We think you need these skills to ace Tax and Regulatory Reporting Associate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV speaks directly to the role of Tax and Regulatory Reporting Associate. Highlight your experience with financial products, data management, and any relevant regulatory knowledge. We want to see how your skills align with our mission!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about tax regulations and reporting. Share specific examples of how you've improved processes or managed data quality in previous roles. Let us know why you’re the perfect fit for our team!
Showcase Your Analytical Skills: Since this role involves managing large amounts of data, make sure to highlight your analytical skills. Mention any tools or methods you’ve used to ensure data accuracy and quality control. We love candidates who can demonstrate their problem-solving abilities!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at UBP - Union Bancaire Privée
✨Know Your Regulations
Make sure you brush up on the key regulations mentioned in the job description, like FATCA, CRS, and MiFID II. Being able to discuss these confidently will show that you're not just familiar with the terms but understand their implications in the role.
✨Data Skills are Key
Since the role involves managing large amounts of data, be prepared to talk about your experience with Excel and Access. Bring examples of how you've used these tools for data reconciliation or reporting in the past, as this will demonstrate your analytical skills.
✨Show Your Team Spirit
This position requires a strong team orientation, so be ready to share examples of how you've collaborated with others in previous roles. Highlight any instances where you accepted constructive criticism or proposed improvements to processes, as this aligns with the company culture.
✨Be Solution-Oriented
During the interview, focus on your problem-solving abilities. Share specific examples of challenges you've faced in previous jobs and how you approached them. This will showcase your proactive attitude and ability to thrive in a fast-changing environment.