EMEA Prudential Regulatory Reporting Director (Market Risk)

Eames Consulting; London; Hybrid; GBP 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Regulatory Reporting Director to lead their Market Risk team in London. This pivotal role offers a unique opportunity for a seasoned professional to drive regulatory reporting processes and manage a talented team across multiple locations. With a focus on capital calculations and regulatory compliance, you will collaborate with key stakeholders and lead initiatives to enhance efficiency and adapt to regulatory changes. This position supports a hybrid working model, ensuring a balance between collaboration and flexibility, making it an exciting prospect for career progression in a dynamic environment.

Qualifications

• Experience leading a prudential regulatory reporting team in a large investment bank.
• Strong knowledge of prudential reporting related to Market Risk.

Responsibilities

• Manage the Market Risk Regulatory Reporting team across London, Dublin, and Paris.
• Lead the Capital Reporting process and oversee EU and UK capital calculations.

Skills

Prudential Regulatory Reporting

Market Risk Expertise

RWA Calculations

FRTB Regulations

Leadership

Analytical Skills

Education

Qualified Accountant (ACA, ACCA, CIMA, or equivalent)

Tools

Axiom

Job description

EMEA Prudential Regulatory Reporting Director (Market Risk)

Global Investment Bank is hiring a Regulatory Reporting Director to lead their Market Risk BAU team in London. This newly created role follows a strategic team expansion and offers an excellent opportunity for an experienced prudential regulatory reporting professional with strong market risk expertise seeking a leadership position.

Responsibilities:

1. Manage the Market Risk Regulatory Reporting team across London, Dublin, and Paris (10 FTEs).
2. Lead the Capital Reporting process, including the preparation of Market Risk reports both internally and externally.
3. Oversee EU and UK capital calculations and reporting for three prudentially regulated entities, including standardised and internal model RWA calculations across UK, France, and Ireland.
4. Review daily/weekly RWA calculations to support management of UK and EU entities' capital adequacy.
5. Supervise external regulatory reporting and disclosures, including quarterly returns, manual adjustments, reconciliations, and variance analysis for UK and EU entities.
6. Drive system development initiatives to support regulatory changes and improve efficiency, including reviewing business requirements, data sourcing, UAT, and post-deployment testing.
7. Contribute to strategic system development projects by defining data, calculation, and reporting requirements.
8. Collaborate with Front Office, market risk, model developers, and other groups on capital management and RWA efficiency.
9. Serve as the key contact for external regulators and internal stakeholders such as Risk, Internal Audit, and Compliance.
10. Lead issue management within the team to identify and resolve process and reporting issues.
11. Continuously improve regulatory reporting processes and explore new efficiencies.
12. Participate in ad hoc projects, including implementing new regulatory requirements like FRTB and upgrading reporting infrastructure.

Requirements:

1. Experience leading a prudential regulatory reporting team in a large investment bank (Essential).
2. Strong knowledge of prudential reporting related to Market Risk (Essential).
3. Extensive managerial and leadership experience (Essential).
4. Proven expertise in RWA calculations and FRTB regulations.
5. Experience with CoRep and Pillar 3 disclosures.
6. Involvement in FRTB implementation projects (Preferred).
7. Knowledge of Axiom (Preferred).
8. Qualified Accountant (ACA, ACCA, CIMA, or equivalent) (Preferred).
9. High ownership, analytical skills, and attention to detail.
10. Interest and aptitude for understanding regulations and rules.

This high-profile role involves regular interaction with key stakeholders across the bank. It offers strong career progression and internal mobility opportunities. The bank supports a hybrid working model with three days in the office.

Eames Consulting acts as an Employment Agency for this vacancy.

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