Regulatory Reporting Specialist

BBVA; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading financial institution seeks a Regulatory Reporting Specialist to join its London Finance team. The role involves preparation and submission of critical regulatory returns, management information reporting, and ensuring compliance with UK regulations. Candidates should have at least 3 years of experience in a similar role, a strong understanding of the PRA Rulebook, and proficiency in Regulatory Reporting software. This is an opportunity to impact finance operations while supporting strategic business objectives.

Qualifications

• Minimum of 3 years of direct Regulatory Reporting experience in a UK regulated institution.
• Hands-on experience preparing key regulatory returns.
• Solid understanding of EBA reporting standards.

Responsibilities

• Prepare and submit significant regulatory returns for BoE and PRA/FCA.
• Assist in preparing high-quality Management Information packs for ALCO.
• Support various financial and regulatory projects as required.

Skills

Regulatory Reporting experience

PRA Rulebook understanding

Core Banking Products knowledge

Advanced Excel skills

Regulatory Reporting software experience

Education

Degree in Finance, Accounting, Economics or related field

Part-Qualified or Qualified Accountant (ACA, ACCA, CIMA)

Tools

Microsoft Access

Wolters Kluwer

FRS

Job description

The Finance team at BBVA London is a high‑impact, multidisciplinary unit responsible for the financial integrity, strategic planning, and regulatory reporting compliance of the UK branch. We act as a critical partner to the business, ensuring that our Corporate & Investment Banking (CIB) operations—including Global Markets, Global Transactional Banking and Investment Banking & Finance teams—are supported by robust financial frameworks.

Working in the London Finance team involves a dynamic mix of local branch management and integration with BBVA’s global headquarters in Madrid. The team’s scope includes:

• Financial & Management Reporting: Delivering accurate monthly, quarterly, and annual financial statements.
• Regulatory Reporting Compliance: Managing the relationship with UK regulators (PRA/FCA), ensuring the branch meets all reporting requirements.
• Business Partnering: Collaborating closely with Front Office teams (e.g., IB&F and GTB) to analyze profitability and performance metrics.
• Tax & Treasury Oversight: Ensuring the UK tax strategy is executed with integrity while monitoring the branch’s liquidity position and balance sheet health.
• Strategic Planning: Leading the budgeting and forecasting processes to align the London branch’s growth with the wider BBVA Group’s strategic goals.

Key Responsibilities

1. Regulatory Reporting (80% Focus)

• Preparation & Submission: Take primary responsibility for the accurate and timely preparation and submission of a significant portfolio of BoE and PRA/FCA regulatory returns, including but not limited to:
• Statistical Returns: BT (Balance Sheet), EL (Eligible Liabilities), AD (Deposits), AL (Lending), CC (Country Analysis Claims), CL (Country Analysis Liabilities), BE (Sectoral Detail), PL (Profit & Loss), BG (Non‑resident transactions by geography).
• Deposit Protection: Single Customer View (SCV) files.
• Data Sourcing & Integrity: Work closely with the IT and Operations teams to ensure the underlying source data for all returns is complete, accurate, and consistent with accounting records.
• Validation & Control: Perform rigorous validation checks, variance analysis, and reconciliations to ensure compliance with reporting instructions (e.g., PRA Rulebook, BoE Data Items).
• Change Implementation: Monitor and assess the impact of new and evolving regulatory reporting requirements (e.g., changes to BoE/PRA templates, IFRS updates) and contribute to their successful implementation.

2. Management Information & Analysis (20% Focus)

• ALCO Reporting: Assist in the preparation of high‑quality Management Information (MI) packs for the Asset and Liability Committee (ALCO), focusing on liquidity, interest rate risk, and balance sheet movements.
• Management Committee Reporting: Contribute to the preparation of MI for the London Management Committee (LMC), providing clear and concise commentary on key financial metrics, regulatory compliance, and performance against budget.
• Regulatory and Compliance Committee: Provide reporting updates to the Committee.
• Ad‑hoc Analysis: Provide analytical support for various financial and regulatory projects as required by senior management.

Required Skills and Experience

• Essential Experience (3‑5 Years)
• Minimum of 3 years of direct experience in Regulatory Reporting within a UK regulated financial institution (ideally a Branch or Investment Bank).
• Proven hands‑on experience in preparing and submitting a substantial number of the listed returns (BT, EL, AD, AL, CC, CL, PL, MLAR, FINREP).
• Solid understanding of the PRA Rulebook, EBA reporting standards, and BoE statistical reporting requirements.
• Strong knowledge of Core Banking Products (Loans, Deposits, Interbank activity).
• Demonstrable experience in using Regulatory Reporting software (Wolters Kluwer / FRS / OneSumX / Regpro / RiskPro).
• Advanced Excel skills (Pivot Tables, VLOOKUPs, data manipulation).
• Advanced Microsoft Access skills.

Qualifications

• A degree in Finance, Accounting, Economics, or a related quantitative field.
• Part‑Qualified or Qualified Accountant (ACA, ACCA, CIMA) or equivalent relevant professional qualification is highly desirable.