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Regulatory Reporting Analyst

Close Brothers
London, United Kingdom
Closing date
Oct 11, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
The Vacancy

The role offers the chance to work closely with the Finance, Risk, Compliance and IT/development teams and stakeholders across the business to deliver Winterflood's Regulatory Reporting in UK (IFPR submissions) and Europe (COREP submissions via Close Brothers Group) along with the opportunity to deliver process and internal control enhancements.

Key Responsibilities
  • Producing and delivering accurate and timely IFPR regulatory submissions for the firm (Own funds, Liquid assets, Concentration risk, additional monitoring metrics), including calculation, validation, analysis, and communication of findings.
  • Producing and delivering accurate and timely COREP regulatory submissions for the firm (Liquidity, Capital, Market Risk, FX risk, Asset Encumbrance, Sovereign Exposures), including calculation, validation, analysis, and communication of findings.
  • Producing other such specific reporting templates as required under any regulatory reporting requirements applicable to Winterflood Securities Limited or Close Brothers Group.
  • Assisting in production of ICARA document, making sure that reporting is aligned with business changes.
  • Managing regulatory reporting projects and report progress against project KPI.
  • Assisting in preparation of papers and underlying data analysis for MI (management information) and RCC (risk and compliance committee) papers, as appropriate.
  • Developing a deep and current understanding of the drivers of financial markets, new and current trends, to ensure identification and understanding of new and current risks.
  • Building and maintaining a strong culture of compliance, risk management, integrity, client focus and other such Winterflood and Close Brothers values.
  • Working to ensure the regulatory submissions are kept up to date with the changing regulatory and business environment.
  • Sustaining a current and up-to-date understanding of current and proposed regulatory changes which impact the department, proactively implementing or accommodating any changes required, to ensure adherence to regulatory requirements in line with time limits proposed or realised.
  • Updating and monitoring regulatory reporting documentation, procedures, assumptions, schedules, and issues log.
  • Managing relationship with cross functional stakeholders at varying levels of seniority across the firm, responding to ad-hoc queries from internal and external stakeholders.
  • Coordination and collaboration with other departments, in particular Finance, Risk, Compliance, and IT, to enable correct and efficient regulatory reporting.
  • Extracting and collating data from a variety of sources for all reporting requirements.
  • Making sure that reconciliations are monitored and reported in a timely manner, and any issues are investigated and resolved.
  • Maintaining and developing regulatory reporting tools and systems, improving processes to ensure accuracy and efficiency of the department.
  • Driving forward process improvements and automation of regulatory reporting using Excel, Alteryx, and Python.
  • Enhancing assurance and the control environment of end-to-end reporting and ensuring data quality, assisting in implementation of process improvements to enhance efficiency and accuracy in regulatory reporting.
  • Managing UAT testing in respect to associated systems for Regulatory reporting.
Skills & Experience
  • Experience in preparation of FCA/PRA returns for a financial services organisation.
  • Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.
  • Understanding of the reporting requirements under IFPR and COREP for UK/EU entities.
  • Understanding of latest regulatory developments and key current prudential issues facing investment firms.
  • Understanding of financial products and operations processes.
  • A track record of improving processes and adding value to a firm and its stakeholders.
  • Strong analytical, computational, and organisation and documentation skills.
  • Great attention to detail, strong control mind-set with interest in investigating issues and developing solutions.
  • Ability to reconcile data and communicate findings.
  • Excellent verbal and written communication skills.
  • High standard of IT literacy with a focus on Microsoft Excel. Ability to use advanced functions and formulas is advantageous.

Salary - competitive
  • Discretionary annual bonus & annual pay review
  • Work Abroad Policy for up to 15 days per year
  • 25 days holiday plus bank holidays and additional well-being day
  • Option to purchase an additional 5 days holiday per year
  • Flexible working options available, including hybrid working
  • Pension scheme up to 10% employer contribution
  • Sharesave scheme
  • Income Protection & Life insurance (4 x salary core level of cover)
  • Private health care via BUPA
  • Employee Assistance Programme
  • Discounted Gym Membership
  • Variety of travel to work schemes
Company benefits are provided on completion of either six months service, or a successful probation period whichever is sooner.

Entitlement outlined above is in respect of full-time entitlement, and will be provided to part-time workers on a prorate basis in accordance with the relevant scheme rules.

All benefits are subject to rules of the scheme and associated provider. The Company in its sole and absolute discretion reserves the right to discontinue, vary or amend any of the aforementioned benefits.

At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don't tick every box. We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help you balance your work and home life.

We appreciate that from time to time, recruitment agencies will have speculative CVs that they may wish to submit to our Talent Acquisition team in relation to a specific role.

To avoid any ambiguity around fees, please note that speculative CVs received by Close Brothers, that have not been authorised in advance, by us, will be ineligible for an agency fee. Thank you.

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