VP, Regulatory QA & Capital Calculations

Aumni; Greater London; On-site; Full time

Job description

Join the Quality Assurance team that consists of 5 people and reports into the Head of Regulatory Reporting in Finance. The team is responsible for providing assurance over the capital calculations of the UK and EU regulated entities under the CRR (Capital Requirements Regulation) and IFPR (Investment Firm Prudential Regime). Working alongside the Reporting, Capital Product (Change) and Capital Policy teams, the Quality Assurance team performs targeted reviews to substantively test the existing regulatory implementations. Topics in scope include RWA, Leverage and Large Exposure calculations, as well as IFPR calculations. The team is also responsible for reviewing new implementation requirements before they go live such as CRR3 / Basel 3.1.

As a Vice President within the Quality Assurance team, you will be responsible for your own individual projects. You will perform targeted reviews on regulatory calculations and disclosures. This will involve reviewing the relevant regulation, business requirements, and operating models. You will utilise Excel / Alteryx to recreate calculations independently and perform substantive testing. Where possible you will work with the Regulatory Reporting and Capital Product teams to help remediate any findings. At the conclusion of the review, you will write and present detailed reports of findings to senior management, including impact assessments and recommendations for further remediation plans.

The team also provides technical support to the Reporting team in several ways. This will include providing subject matter expertise with respect to reporting interpretations and assisting the Reporting team when issues or challenges arise. You will also work with the Change teams to identify appropriate ways to strategically remediate issues and ensure these are prioritised appropriately.

Job Responsibilities

• Work independently on 1-4 month projects to perform targeted reviews on regulatory calculations and related disclosures
• Assist the Reporting team with the implementation of remediation plans and / or other projects where required
• Work with the Capital Product / Last Mile teams to review the requirements for upcoming regulatory implementations, including future regulation and COREP requirements
• Track regulatory reporting publications, EBA Q&A’s and form reporting interpretations where required by the Reporting team

Required qualifications, capabilities and skills

• Familiarity with large parts of the regulatory rules (CRR2/3) and reporting requirements (COREP) under the UK / EU regulation
• Proficiency in Microsoft Office – Excel, Outlook, Word and PowerPoint
• Degree qualification and either accountancy qualification or qualification by experience within Financial Services industry
• Good understanding of investment banking products including derivatives / security financing transactions and banking products (deposits, loans, credit facilities)
• Self‑motivated and ability to work independently; focused on execution skills and the ability to deliver results even through challenges
• Ability to communicate effectively and build relationships across teams
• Ability to critically review and challenge numbers with strong analytical skills; flexibility to work under pressure to meet changing work requirements

Preferred Qualifications, capabilities and skills (not required)

• Knowledge of the IFPR regulatory rules and reporting requirements
• Experience using Alteryx to build complicated solutions with large datasets

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