Specialist Financial & Regulatory Reporting

First Abu Dhabi Bank (FAB); Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

First Abu Dhabi Bank (FAB) is seeking a Regulatory Reporting Specialist based in Greater London to manage UK regulatory reporting requirements to various authorities. The role requires at least 3 years of experience in finance or banking, strong Excel skills, and knowledge of regulatory reporting systems.

The successful candidate will prepare and review regulatory returns, ensuring compliance and accuracy while advising on necessary changes. A degree in Finance or Accounting and a professional qualification is essential.

Qualifications

• Minimum 3 years of post qualification experience in banking/finance.
• Experience with statistical returns including various reporting types.
• Knowledge of Agile Reporter or similar systems is a strong advantage.

Responsibilities

• Complete all London Regulatory Reporting requirements accurately.
• Advising on new and existing product compliance with regulatory needs.
• Manage and maintain UK Regulatory reporting software.

Skills

Financial regulatory reporting

Excel expertise

Presentation skills

Communication skills

Education

University Degree in Finance / Accounting

Professional accounting qualification (ACA, CPA, CA, ACCA)

Tools

Agile Reporter by Regnology

MS Office

Job description

The role holder is primarily responsible for:

• All London Regulatory Reporting requirements to the UK PRA / Bank of England, FCA and CB UAE
• Maintaining and monitoring an annual tracker of all Reg Reports and tax issued by UK Finance department

The role holder will be required to support the broader UK Finance goals and segregation of duty requirements as directed by their line manager

Regulatory reporting

• This encompasses all reporting requirements to:
• PRA (Bank of England)
• FCA
• CB UAE
• ONS
• Ensure that all Group and UK Regulatory reporting requirements to all internal and external recipients are both accurate and delivered on time.
• Manage, maintain and develop UK Regulatory reporting software.
• Advisor to businesses for new/ existing products, processes and business arrangements relating to regulatory reporting compliance whilst ensuring all key information is captured for Regulatory reporting purposes.

Key Accountabilities

Regulatory Reporting

• Preparing/Reviewing all regulatory returns in compliance with the local and Group Central Bank and/or
• Reports are accurate and submitted no later than the due date.
• Allow adequate time for review and (any) correction prior to submission.
• Returns are fully referenced, reconciled within themselves and to the General Ledger.
• Explanations are provided for any key period on period movements and/or unusual items.
• Respond to any variance questions from UK Regulators.
• Prepare Ad Hoc reports requested from HO associated with CB UAE requests.
• The role holder must have the requisite knowledge to meet UK and First Abu Dhabi Bank regulatory reporting requirements. This requires job holder to:
• Keep up to date with all changes to the UK regulatory reporting environment advising seniors of new requirements with a full impact assessment.
• Perform an ongoing review of all key static data.
• Plan (act as project manager) for all changes to ensure they can be delivered ahead of any new reporting requirement.
• Recommend any training programs, courses etc necessary to ensure responsibilities can be met.
• For CASS Reporting the role holder will support the Accountable CASS Officer (currently CFO).
• For Daily SONIA reporting the role holder will be a member of the reporting team.
• Ensuring accuracy of any regulatory static data (BoE codes etc) and W8BNE Form questions associated with new customers.

• Ensure the maintenance of the Regnology reporting system and keep up to date with changes proposed by the supplier.
• Ensure full compliance with the Groups Manual Journal policy.
• Suggest, manage and drive agreed enhancements to regulatory reporting systems. Manage (& execute) implementation of any new systems or models including documentation of business requirements and user acceptance testing.

Qualifications & Experience

Appropriate experience, skill and cultural fit are more critical than formal qualifications. It should be noted that the lack of formal qualifications can act as a barrier to promotion as senior roles often demand this.

• Minimum 3 years of core post qualification experience in banking / finance sector performing relevant financial regulatory activities within a finance function.
• Previous experience regarding the statistical returns including Branch, PL Return, BT, BE, AD, AL, CA, CC, CL, EL, Fees and Levies. Please note no ICAAP or ILAAP reporting requirements.
• University Degree in Finance / Accounting or a relevant subject.
• A professional accounting qualification (e.g., ACA, CPA, CA, ACCA or equivalent).
• Systems knowledge – High level of Excel expertise, well versed with MS Office. Knowledge of Agile Reporter by Regnology or similar reg reporting system a strong advantage.
• Record of delivery and enhancement to processes and procedures.
• Possesses strong presentation and managerial & communication skills