Regulatory Finance - Regulatory Capital External Reporting Associate

J.P. MORGAN; London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading global financial institution in London is seeking a Regulatory Capital External Reporting Associate. This role involves preparing quarterly returns, analyzing regulatory capital, and working closely with multiple internal stakeholders. The ideal candidate has a degree in finance, familiarity with capital regulations, and strong analytical skills. This position offers a dynamic environment focused on external reporting requirements.

Qualifications

• Degree qualification in Financial Services or equivalent experience.
• Familiarity with current Capital regulations and reporting requirements (COREP / IFPR).
• General accounting and finance knowledge within a regulatory environment.

Responsibilities

• Preparing quarterly and biannual returns for regulatory entities.
• Producing quarterly IFPR regime MIF returns for UK entities.
• Analyzing and challenging regulatory capital drivers and variances.

Skills

Interpersonal skills

Attention to detail

Analytical skills

Problem-solving skills

Communication skills

Education

Degree qualification or accountancy qualification

Tools

Axiom

Alteryx

Job description

Join our External Reporting team within the Capital Reporting Regulatory department of Finance, which is a service-oriented business comprised of specialized individuals with knowledge and expertise in understanding, managing, and delivering financial information to our regulators.

As a Regulatory Capital External Reporting Associate, you will interact with multiple lines of business and internal stakeholders while continuously learning within the Regulatory Capital Reporting space. You will liaise with various teams, including but not limited to: Statutory Accounts team, FINREP team, line of business finance teams, Operations, Treasury, Audit, Legal Entity Control teams, and work on requests from External Audit and Regulators on an ad-hoc basis. Your responsibilities will include reconciling all regulatory returns across capital reporting and submitting them to the regulator quarterly. Note that this role does not involve daily or weekly internal reporting, but focuses on external reporting on a quarterly basis.

Job Responsibilities

• Preparing quarterly and biannual returns for UK solo regulated entities and their UK consolidation groups.
• Producing quarterly IFPR regime MIF returns for 3 UK entities, calculating K factors and capital requirements, preparing and presenting the IFPR management pack, and submitting final returns to the FCA. Producing quarterly COREP regulatory returns, including CA1-4 (Own Funds, Risk Weighted Assets, Capital Ratios, Capital Deductions) and C16-17 (Operational risk and losses). Interpreting published statutory accounts and financial reporting returns to compute own fund calculations.
• Preparing resubmission packs after the yearly published statutory accounts and assisting in the resubmission process, sign-off meetings, and variance analysis.
• Analyzing and challenging regulatory capital drivers and key variances, liaising with line of business reporting, and providing commentary.
• Maintaining control standards in line with firm-wide and local controls around User Tools, adjustments, and data/architecture issue tracking.
• Understanding the reporting model infrastructure and implementing streamlined processes for more efficient reporting.
• Participating in non-BAU tasks such as projects and policy matters impacting capital requirements.
• Addressing internal and external audit requests, as well as inquiries from regulators.
• Partnering with the Projects team in system-related change implementations.

Required Qualifications, Capabilities, and Skills

• Degree qualification, accountancy qualification, or equivalent experience in the Financial Services industry.
• Familiarity with current Capital regulations and reporting requirements (COREP / IFPR).
• General accounting, reconciliation, and finance knowledge within a regulatory environment.
• Strong interpersonal and teamwork skills.
• Self-motivated with the ability to work independently.
• Analytical and problem-solving skills.
• Flexibility to work under pressure and meet deadlines.
• Effective communication skills at all levels.
• Strong attention to detail.

Preferred Qualifications, Capabilities, and Skills

• Experience with Axiom.
• Knowledge or experience with Alteryx.
• Familiarity with FRTB rules and requirements.
• Knowledge of Basel 3.1 changes.

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services, and payments. We serve corporations, governments, and institutions worldwide in over 100 countries. Our bank provides strategic advice, capital raising, risk management, and liquidity extension services globally.