Regulatory Reporting Manager

BACB plc; City Of London; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A leading UK bank is seeking a Regulatory Reporting Manager to oversee compliance with regulatory reporting requirements. This role involves preparing reports, ensuring adherence to regulations, and collaborating with various internal teams. The ideal candidate will have extensive experience in prudential regulatory reporting and strong communication skills.

Qualifications

• At least 8 years’ prudential regulatory reporting experience within a bank.

Responsibilities

• Prepare and review a full range of prudential and statistical reports.
• Ensure adequate controls are in place over the preparation of regulatory reports.
• Build and maintain good relationships with internal stakeholders.

Skills

Communication

Advanced Microsoft Office

Education

Qualified accountant

Job description

About Us

BACB is a UK bank that offers trade finance and complementary products to clients in specialist markets, especially Africa and the Middle East.

We have been helping businesses with trade finance and complementary products for over half a century, focusing on trade flows to and from Africa and the Middle East as well as real estate in the UK.

Our in-depth knowledge of the countries and practices where our clients operate ensures that we put them first.

Additional Info

• Hybrid Working: 3 days onsite, 2 from home
• Location: City of London
• Contract Type: 12 month FTC

Job Summary

Reporting to the Head of Prudential Regulation, the Regulatory Reporting Manager is responsible for:

• Providing input into the Finance Change Programme and support the Change Programme with respect to the Moody’s Banking Cloud implementation and the implementation of Basel 3.1

• Ensuring BACB adheres to and understands all regulatory rules, understands the related implications, and keeps up to date with any regulatory changes.

Additionally, the Associate Director is also responsible for the accurate, timely and complete regulatory and statistical reporting to the PRA and the Bank of England.

Key Work Outputs and Accountabilities

• Prepare and review a full range of prudential and statistical reports to the PRA and BoE in a timely manner and to a high level of accuracy in accordance with the regulatory reporting timetable enabling sufficient time for review and challenge.

• Ensure that all relevant Regulatory governance, policies, frameworks, procedures, checklists are up to date, detailed, and effectively documented.

• Ensure that adequate controls are in place over the preparation of regulatory reports, reviewing the work prepared by other members of the Regulatory Reporting team.

• Ensure up-to-date procedures are in place to evidence that all regulatory reports are reconciled to the Bank’s books and records and are accompanied by relevant MI and a documented clear audit trail.

• Work with the Head of Prudential Policy and Assurance to understand upcoming regulatory changes, in particular Basel 3.1 and ensure that the Regulatory Reporting team is equipped to implement these either through policy interpretation and documentation or working with other internal stakeholder to identify new processes and data requirements for the successful implementation of Basel 3.1

• Ensure that the Regulatory Reporting team’s systems and processes are prepared to implement changes in template reporting and taxonomies.

• Escalate immediately to the Head of Regulatory Reporting, Head of Prudential Regulation, Deputy CFO, and CFO any concerns related to regulatory reporting matters.

• Build and maintain good relationships with internal stakeholders, in particular the Risk, Operations, Business areas and Change/Project teams.

• Ensure that new products or Bank-wide projects and initiatives are analysed for regulatory reporting implications, are embedded in the Bank’s accounting systems, and that any software implementations are project managed effectively.

• Supporting the wider Regulatory Reporting team and reviewing their work.

• Preparing MI as required for senior management.

• Perform User Acceptance Testing (UAT) in respect of the Moody’s Banking Cloud implementation.
• Undertake ad-hoc projects as requested by the Head of Prudential Regulation, Deputy CFO, or CFO.

Required Qualifications and Experience

• At least 8 years’ prudential regulatory reporting experience within a bank.

• Qualified accountant.

• Advanced Microsoft Office skills with the ability to map data and create powerful reconciliations and MI.

• Proven communication skills – presenting to senior management and other stakeholders.
• Able to apply skills to wider issues within the Bank.