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Capital Regulatory Reporting Manager

Employer
Allegis Global Solutions
Location
London, United Kingdom
Salary
£150k - £180k
Closing date
Jun 1, 2024

View more

Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
  • Contract: 6 months + extension (inside IR35)
  • Location: London, UK
  • Flexi: Hybrid (2 days per week onsite max)


JOB SCOPE

The Group Capital Regulatory Reporting (GCRR) is responsible for the production, control and delivery of the Group's key prudential supervisory reporting and disclosure for Capital, Large Exposures and Leverage, including: COREP (Own Funds, LE, Leverage) and Pillar 3. The team is based in London and supported by teams in India, Poland and Singapore. The team also plays a key support and liaison role for country reg teams, global functions (such as Risk, Compliance and Treasury), Investor Relations and is a key contact for the Bank of England. The team also acts as a centre of subject matter expertise in solvency regulations for the business, change functions and Financial Planning and Analytics, advising senior management and supporting external stakeholders.

GCRR team has responsibility for reporting/disclosure requirements including COREP own funds, leverage, large exposures and Pillar 3. This is delivered by a team of ~10 in the UK and ~90 located in Global Business Service centres, mainly in Chennai and Bangalore. The team works closely with the Group Financial Reporting team and are key stakeholders in the quarterly disclosure process. The GCRR team designs and operates the control framework, identifies and raises change requests for Finance Change to action and perform user acceptance testing. The team works closely with many functions and global locations including Risk, Compliance, IT, Treasury, Financial Planning & Analytics, Investor Relations and country regulatory reporting/balance sheet management teams. They also handle regulatory liaison where necessary, including ad hoc internal and external requests.

This role of Group Regulatory Reporting Accountant Reports to the Senior Manager Group Capital Regulatory Reporting covering various aspects of BAU capital reporting team covering the Capital, Leverage reporting and associated disclosures including GSIB, QIS, Pillar 3 and Operational Risk RWAs.

Strategy

Work with the Senior Manager Group Capital Regulatory Reporting to report to the PRA/EBA financial and risk information for Common Reporting (COREP)). COREP Capital templates are required to be reported to the PRA every quarter within 30 working days within tight deadlines.

Also responsible for external market regulatory reporting (Results Announcement, Pillar 3 Disclosures etc), ad hoc regulatory submissions, internal reporting packs, consultation responses, industry working groups, response to queries from external auditors on external disclosures and the provision of internal advice and guidance on regulatory reporting.

Contribute to the development and implementation of regulatory projects by working towards closer integration with other global and group regulatory reporting teams to deliver a best in class and sustainable regulatory reporting utility for the future.

Business
  • Understanding of the Group's businesses and products and how they impact regulatory capital & Pillar 3 metrics, reporting and associated controls.
  • Expertise in relation to the regulatory capital workings, counterparty credit risk (standardised and models), QIS, GSIB (reporting and disclosure) including current and future rules and regulations and how they apply to the Bank.
  • Expertise in systems and processes used to generate regulatory metrics.
  • Interpretation and guidance to business units on PRA rules under Basel IV/CRD V, CRR II and Taxonomies.


Processes
  • Responsible for controlling and delivering the Group Capital Regulatory Reporting process covering COREP own funds, leverage, large exposures, Pillar 3, benchmarking, G-SIB and associated reporting and disclosure.
  • Key role in preparation of all Capital regulatory reporting templates including Capital+ returns for Group and Solo.
  • Actively play role in understanding the CRR II rules and its impact on Capital reporting and disclosures.
  • Ownership for external disclosures related to Capital tables.
  • Supporting Pillar 3 disclosures related to Capital tables.
  • Compliance activities for Capital returns including partnering with Group Regulatory Policy to evidence compliance requirements
  • Stakeholder management of Capital reporting stakeholders - responding to queries and requests, managing data submission and document changes etc.
  • Document owner for Pillar 3 Capital disclosures - including updating the actual document, managing publishing, governance etc.
  • Support delivery of new regulatory changes through contribution to development and implementation of regulatory projects
  • Manage delivery of key reporting and ad-hoc data requests including
    • CA1 to CA6
    • G-SIB and Pillar 3 tables
    • External disclosures
    • QIS requests
    • PRA queries
    • Industry data requests
  • Ensuring adherence to the relevant sections of the Prudential Compliance Framework (Group Compliance) and Operational Risk Framework (Group Operational Risk)
  • Develop tactical solutions in short timeframes to solve urgent issues in BAU reporting and controls
  • Interpretation and guidance to global stakeholders and Front Office on Capital requirements and any new rules under discussion/consultation.
  • Contribute to the Bank's response to relevant discussion on Consultation Papers and Technical Standards on regulatory developments and changes from the Basel Committee, PRA, EBA and others.
  • Supporting Group Finance initiatives including business efficiency (e.g., faster close) and improvement of the control environment
  • Development and maintenance of controls and the control environment
  • Extensive use of Excel, SQL and MS Access for data extraction and analysis.
  • Review key variances, trends, and commentaries for Capital disclosures and tables.
  • Maintain a list of system/process/data issues and contribute to Capital Data Quality Forum
  • Take the lead on Moody's Risk Authority and Axiom User Acceptance Testing & Signoffs for system updates and new software releases.


People & Talent

No line management responsibilities
  • Establish strong working relationships with the offshore team, technology and the credit risk teams
  • Liaise with Regulatory reporting Policy on changes to PRA/EBA rules under Basel III/CRD IV
  • Provide subject matter expertise on COREP/Basel III/CRD IV
  • Build a strong working relationship with the external auditors and the regulators


Key Stakeholders

Internal

o Group Financial Services, Chennai, Bangalore, and Poland

o Group Financial Reporting and Group FP&A

o Business Finance and Country Finance teams in country

o Front Office

o Investor Relations/Group Corporate Affairs

o Global Risk Functions including Credit Risk, Market Risk, Operational Risk

o Group Treasury

o Group Taxation

o Group Internal Audit

o Global Process Management team, Singapore

External

o PRA/EBA and other regulators on developments in regulatory reporting

o External Auditors - EY

Qualifications

Training, licenses, memberships and certifications

  • Qualified / Part qualified Accountant with experience in financial services especially in regulatory reporting, specifically Capital reporting.
  • Regulatory policy and regulatory capital project experience in major UK banks and any experience of PRA/FCA enforcement and S166 audit desirable.
  • Advanced Excel and Access user.
  • Experience using RegData and BoE submission tools (e.g., Gabriel/Reg DATA/BEEDs)
  • SQL writing skills, Moody's Fermat (RAY), Balance Sheet reporting system (BPC)


Thank you for considering us!

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