Head of Regulatory Reporting

Castle Trust Bank; London; Hybrid; GBP 75,000 - 95,000; Full time

Job summary

A fintech challenger bank in London seeks a Head of Regulatory Reporting to lead the Regulatory Reporting team. This role involves producing and submitting all prudential reports, managing governance, and driving process improvements. The ideal candidate has a strong grasp of UK banking regulations and significant experience in regulatory reporting, with leadership skills and an aptitude for managing complex data sets. A competitive salary and benefits are offered, including performance bonuses and a pension scheme.

Benefits

Annual performance-related bonus (up to 15%)

Generous contributory pension scheme

28 days annual leave plus bank holidays

Paid leave for volunteering

Private healthcare

Free eye test vouchers

Discounted gym membership

Season ticket travel loans

Qualifications

• Strong understanding of UK regulated banking and capital markets, especially mortgage lending.
• Deep knowledge of regulatory reporting requirements and rules.
• Experience working with and manipulating large data sets.

Responsibilities

• Oversee and lead the Regulatory Reporting team.
• Manage and strengthen the governance framework.
• Drive process improvement projects and automation initiatives.

Skills

Strong understanding of regulated banking

Significant experience in regulatory reporting

Strong Excel skills

Leadership and people management capability

Proactive time management

Ability to influence and communicate effectively

Education

Qualified accountant (preferably)

Tools

WIRES reporting engine

Job description

The opportunity

We have an opportunity for a Head of Regulatory Reporting to join us on the exciting and rewarding path we are taking here at Castle Trust Bank. Having become a fully authorised bank in 2020, we pride ourselves in being a fintech challenger bank, providing specialist property mortgages, retail finance lending and savings accounts to a variety of customers.

This is a unique opportunity to join our Finance function where you will be responsible for the overall oversight and leadership of the Regulatory Reporting team. This includes the production, review, and submission of all required prudential reporting (liquidity, capital and financial) along with specific statistical, HMRC and FSCS reporting. Alongside this, you will be responsible for leading and developing the talented team, providing subject matter expertise and resolving complex regulatory challenges

You will manage and strengthen our governance framework, ensuring roles, controls, and compliance standards are best-in-class. In addition, you will drive process improvement projects and automation initiatives using our regulatory reporting system (WIRES), enhancing accuracy and efficiency in our reporting infrastructure. You will focus on continuous improvement and streamline processes, ensuring robust controls and high-quality reporting. You will also be responsible for horizon scanning, staying ahead of industry developments, ensuring our reporting meets all regulatory requirements and adapts to change.

The role will be on a hybrid working arrangement, 3 days a week from our London office and the rest of the week from home.

What we are looking for in you…

What is important to us is that you have a strong understanding of regulated banking and capital markets in the UK, specifically within a mortgage lending business (preferably a small to medium sized financial institution). You will have significant experience in regulatory reporting with a very deep knowledge of regulatory reporting requirements and rules. Considering the nature of the role, your Excel skills will need to be strong with experience of working with and manipulating large data sets. Previous experience of working with the WIRES reporting engine would also be advantageous. You will need to possess strong leadership and people management capability to ensure the ongoing management and development of the team, and you will enjoy working in and leading a team. It would be beneficial if you are a qualified account, but this is not essential.

What is equally important is that you have a proactive approach and are confident in managing your own (and the team’s) time effectively, and that you are comfortable with ambiguity and able to apply good judgement to decision making. You will be a confident communicator, able to articulate yourself and influence people at all levels within an organisation, with the ability to act with a high level of personal credibility with the ability to effectively manage both internal and external relationships.

What’s in it for you…

As well as a competitive salary, we offer an annual performance related bonus (up to 15% of base salary) based on individual and company performance. In addition, a generous contributory pension scheme through Hargreaves Lansdown, life assurance, 28 days annual leave (plus bank holidays on top) with the option to buy/sell up to 5 additional days (terms apply). In addition, you will receive an extra day paid annual leave for Volunteering.

Wellbeing is also high on our agenda, and we offer private healthcare through Bupa. In addition, all colleagues have free access to TELUS Health EAP to support their health and wellbeing. We also offer free eye test vouchers and discounted gym membership, and if that’s not enough, we also offer season ticket travel loans (if applicable).

Caught your attention?If so, we’d love to talk to you and tell you more about what it’s like to work at Castle Trust Bank – The Place To Work!

Castle Trust Bank is an equal opportunity employer where we celebrate diversity and are committed to creating an inclusive environment for all our colleagues to thrive. We welcome applications from all and will not discriminate against any status/characteristic protected by law and will always base our decisions on merit.

We are proud to support people with disabilities and are committed to be a Disability Confident employer. If you are a person with a disability and meet the minimum criteria for the role you will be offered an interview. Should you require any reasonable adjustment to support you in your application for one of our opportunities, please [e-mail]

Check out our careers page:https://www.castletrust.co.uk/careers/who-we-are