EMEA Prudential Regulatory Reporting Director (Market Risk) | London, UK | Hybrid

Eames Consulting; London; Hybrid; GBP 80,000 - 130,000; Full time

Job summary

An established industry player is seeking a Regulatory Reporting Director to lead their Market Risk team in London. This newly created role offers an exciting opportunity for an experienced professional to manage a team across multiple locations and oversee critical capital reporting processes. The position involves collaborating with various stakeholders, enhancing regulatory reporting quality, and contributing to strategic system development projects. With a focus on career progression and a supportive hybrid working environment, this role is perfect for those looking to make a significant impact in the banking sector.

Qualifications

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

Responsibilities

• Manage the Market Risk Regulatory Reporting team across London, Dublin, and Paris.
• Oversee EU and UK capital calculations and reporting for prudentially regulated entities.

Skills

Prudential Regulatory Reporting

Market Risk Knowledge

RWA Calculations

FRTB Regulations

Leadership Experience

Analytical Skills

Attention to Detail

Regulatory Rules Understanding

Education

Qualified Accountant (ACA, ACCA, CIMA)

Tools

Axiom

Job description

EMEA Prudential Regulatory Reporting Director (Market Risk)

Global Investment Bank is currently hiring for a Regulatory Reporting Director to lead their Market Risk BAU team in London. This is a newly created role following a strategic expansion of the team and is an ideal opportunity for an experienced prudential regulatory reporting professional with strong market risk knowledge seeking their next leadership role.

Responsibilities:

1. Manage the Market Risk Regulatory Reporting team in London, Dublin, and Paris (10 FTEs).
2. Lead the Capital Reporting process (both internally and externally), focusing on Market Risk.
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. Initiate system development (BAU) to support regulatory changes, improve efficiency, and controls, including reviewing business requirements, data sourcing, UAT, and 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 stakeholders on capital management and RWA efficiencies.
9. Serve as the key contact for external regulators and internal stakeholders such as Risk, Internal Audit, and Compliance.
10. Lead issue management by identifying and resolving process and reporting issues.
11. Continuously improve regulatory reporting processes, enhance submission quality, and explore efficiencies.
12. Participate in ad hoc projects, including implementing new regulatory requirements like FRTB and upgrading regulatory reporting infrastructure.

Requirements:

1. Currently leading a prudential regulatory reporting team in a large investment bank.
2. Strong knowledge of prudential reporting across Market Risk.
3. Extensive managerial and leadership experience.
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. Aptitude for understanding regulatory rules and requirements.

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

Eames Consulting is acting as an employment agency for this vacancy.

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