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- Tasks: Lead regulatory reporting, prepare returns, and ensure compliance with evolving regulations.
- Company: Join Buckinghamshire Building Society, a community-focused financial institution with unique mortgage and savings offerings.
- Benefits: Enjoy remote work flexibility, competitive salary, holidays, pension, healthcare, and bonus schemes.
- Why this job: Be a key player in finance, drive improvements, and grow your career in a supportive environment.
- Qualifications: Must have an accountancy qualification and extensive regulatory reporting experience.
- Other info: Opportunity for career progression within the finance team.
The predicted salary is between 54000 - 84000 £ per year.
Are you an experienced regulatory specialist, a SME in the field, seeking a new challenge within financial services? We are proud to be working with the Buckinghamshire Building Society who are driven by a community/member driven strategy, which centres on providing a unique mortgage and savings propositions.
The role is part of their finance team, preparing and submitting regulatory returns required by external regulators, whilst maintaining a robust Governance and Control framework for the Regulatory Reporting process. This role really takes ownership of the regulatory reporting space, being very hands on, keeping up to date with any changes and horizon scanning for any effect these changes would have for the business.
Duties of the Regulatory Reporting Manager will include:
- To prepare and submit regulatory returns (e.g. COREP, FINREP, MCOB) required by external regulators and validate returns produced outside of the department.
- To prepare and key regulatory documents that form part of the Basel 3 regime including, but not limited to, the ILAAP, ICAAP and Recovery and Resolution Plan.
- As the organisations regulatory subject matter expert (SME), keeping up to date and comply with developments in regulatory reporting requirements. This will include managing the regulatory regime change from Basel 3.1 to Small Domestic Deposit Takers (SDDT).
- To embed a continuous improvement approach; to enhance, streamline and automate where possible the regulatory reporting processes of the Society’s accounting and reporting systems.
- To maintain a robust Governance and Control framework for the Society’s regulatory reporting processes.
- To support the production of key documents published.
The successful individual will possess:
- An accountancy qualification.
- A wealth of regulatory reporting experience.
This is a fantastic opportunity for a regulatory reporting specialist, to really learn and contribute to the overall finance team. Whilst regulatory reporting will be the main duties of the role, there is full potential to grow with the business and there could be other areas within finance you could progress your career into.
Along with a competitive salary, the Buckinghamshire Building Society offers a very flexible approach to office presence and are happy with this role being mainly remote, with perhaps one/two days per month being office based. They are also open to flexible working. Benefits include Holidays, pension scheme, healthcare and bonus scheme.
If this sounds like your next career move, please apply today!
Regulatory Reporting Manager employer: Ultimate Banking Ltd
Contact Detail:
Ultimate Banking Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory Reporting Manager
✨Tip Number 1
Familiarise yourself with the latest regulatory changes, especially those related to Basel 3.1 and Small Domestic Deposit Takers (SDDT). Being well-versed in these topics will not only boost your confidence but also demonstrate your proactive approach to staying updated in the field.
✨Tip Number 2
Network with professionals in the regulatory reporting space. Attend industry events or join relevant online forums to connect with others who share your interests. This can provide valuable insights and potentially lead to referrals or recommendations for the role.
✨Tip Number 3
Prepare to discuss your experience with specific regulatory returns like COREP and FINREP during interviews. Be ready to share examples of how you've successfully managed these processes in previous roles, highlighting any improvements you implemented.
✨Tip Number 4
Showcase your ability to enhance and automate reporting processes. Think of instances where you've streamlined workflows or improved efficiency in your past roles, as this aligns perfectly with the continuous improvement approach the company values.
We think you need these skills to ace Regulatory Reporting Manager
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Regulatory Reporting Manager. Familiarise yourself with terms like COREP, FINREP, and Basel 3 to demonstrate your knowledge in your application.
Tailor Your CV: Highlight your relevant experience in regulatory reporting and any accountancy qualifications you possess. Use specific examples from your past roles that showcase your expertise and achievements in this area.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Mention how your skills align with their community-driven strategy and your commitment to continuous improvement.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is crucial in regulatory reporting.
How to prepare for a job interview at Ultimate Banking Ltd
✨Showcase Your Regulatory Knowledge
Make sure to brush up on the latest regulatory changes, especially those related to Basel 3.1 and SDDT. Demonstrating your expertise in these areas will show that you are not just familiar with the requirements but also proactive in keeping up with industry developments.
✨Prepare for Technical Questions
Expect questions about specific regulatory returns like COREP and FINREP. Be ready to discuss your experience in preparing and validating these documents, as well as any challenges you've faced and how you overcame them.
✨Emphasise Continuous Improvement
The role involves enhancing and automating reporting processes. Be prepared to share examples of how you've implemented improvements in previous roles, showcasing your ability to streamline operations and increase efficiency.
✨Demonstrate Team Collaboration
As part of the finance team, collaboration is key. Highlight your experience working with cross-functional teams and how you’ve contributed to a positive team environment, especially in high-pressure situations.
