Regulatory Reporting Officer

Location
England, London
Salary
£40000 - £52000 per annum
Posted
06 Apr 2018
Closes
04 May 2018
Ref
13897731/001
Contact
Chris Moore
Job Role
Finance Director
Contract Type
Permanent
Hours
Full-time
Level of qualification
Not qualified

A Regulatory Reporting Officer at a small Bank based in the City of London.

Ideally the successful candidate will come from a Banking background, have 3+ Years experiecne in Regulatory Reporting and knowledge of COREP.

Client Details

A leading bank in providing commercial, corporate, private, investment, asset management, and retail banking.

Description

Regulatory Reporting

  • Preparation and support for the generation of all UK Regulatory returns and templates in accordance with the regulatory rules and instructions.
  • Preparation of variance analysis of the recent templates against previous return
  • Preparing and documenting validation of the regulatory returns against the Banks' Financial statements as well as Management Accounts and any other supporting documents
  • Generating, populating, inputting, checking and submitting the regulatory returns using the Banks regulatory software solution via Gabriel and BEEDS
  • Problem solving e.g. validation issues within templates through Help desk

Active participation in the assessment and developmonthly Management Accounts

  • Preparation of variance analysis and commentary
  • Provision of supporting charts / tables

Other duties

  • Assist with the Annual Budget process including spread sheet analysis
  • Assist in the yearly external audit process and any other internal or adhoc audits pertaining to the department
  • Assist in the preparation of the yearly Financial Statements ment of changes to regulatory reporting requirements and the change process including UAT.
  • Keeping up to date with the new regulation and the upcoming changes in regulatory reporting
  • Ensure adequate and descriptive operating procedures are documented, maintained and up to date

Monthly Management Accounts

  • Preparation and support in generation of the of the Bank

Shared responsibilities and cover:

    • Preparation and distribution of internal reports and schedules for management e.g. derivatives, balance sheet, commissions etc.

    • Distribution of daily reports, printouts to be maintained in accordance with the Bank's archive / storage register.

    • Reconciliation of Nostro, internal and suspense accounts

    • Investigation and resolution of outstanding reconciliation items

    • Maintain the Fixed Assets and Depreciation register

    • Maintain the Prepaid /Accruals registers

    • Preparation and processing of invoices

    • Process of day to day accounting and banking data e.g. accounting entries, account maintenance, interest rate changes etc.

    • Preparation and distribution of various internal MIS reports as directed including statistical reporting for other departments e.g. Trade Finance

    • Support in maintaining departmental filing and security of documents in accordance with the Banks archiving policies

  • Such other general duties as are required from time to time, which are commensurate with the nature of the job

Profile

  • Experience: Minimum of 3 years' experience in preparing regulatory returns including EBA as well as BOE/PRA returns
  • COREPExperiece

Knowledge and Skills

  • Previous experience gained within a financial institution;
  • Accuracy and attention to detail and pro-active manner
  • Ability to manage time and meet strict deadlines
  • Analytical ability to assess and understand variances and be able to communicate and document these
  • Good all round soft skills including Microsoft Excel is a must
  • Good overall knowledge and understanding of accounting principles relevant to the role
  • Excellent interpersonal communication and interaction skills
  • Excellent written and verbal skills
  • Ability to be able to deal confidently with the highest levels of bank staff

Job Offer

£40,000-£52,000 plus Bonus and Benefits.

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