Regulatory Reporting Finance AnalystThe Group Capital Regulatory Reporting director (GCRR) is responsible for the production, con.....
Regulatory Reporting Finance Analyst
The Group Capital Regulatory Reporting director (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 and its partner. 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 director located in London, alongwith other director partner company in Hyderabad. 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 banks 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 Analyst – Group Capital Regulatory Reporting Reports to the Director Regulatory Reporting covering various aspects of BAU capital reporting team covering the Credit Risk, Counterparty Risk, Securitisation, Large Exposure parts of the COREP returns and associated disclosures, GSIB, QIS, Pillar 2 and Benchmarking. They would also evaluate the implementation of various CRR rules in the regulatory reporting and work on documenting the same with the fixes required to remediate any gaps for worldwide bank clients with following responsibilities:
• Understanding of the Group’s businesses and products and how they impact regulatory capital metrics, reporting and associated controls.
• Expertise in relation to the regulatory capital calculations (particularly capital supply, credit risk including counterparty credit risk (standardised and models), securitisation, QIS, GSIB (reporting and disclosure) including current and future rules and regulations and how they apply to the worldwide banks.
• Expertise in systems and processes used to generate regulatory capital metrics.
• Interpretation and guidance to business units on PRA rules under Basel IV/CRD V, CRR II and Taxonomies.
• Review of compliance of COREP Credit Risk, large exposures, and associated reporting with the CRR Rules.
• Development and maintenance of controls and the control environment
• Extensive use of Excel, SQL and MS Access for data extraction and analysis.
• Prepare the list of system/process/data issues to be presented to Capital Data Quality Forum for remediation.
• Participate on Moody’s Risk Authority and Axiom User Acceptance Testing & Signoffs for system updates and new software releases.
• Assist with ad-hoc queries relating to capital and regulatory reporting
• Contribute to the bank’s responses on Discussion and Consultation papers and Technical Standards on regulatory developments and changes from the Basel Committee, PRA and others.
Essential Requirements for this profile
• 1 to 2 years of working experience in the preparation of regulatory returns for financial institutions.
• Familiarity with COREP, FINREP, LCR, and NFSR returns.
• Preferably has a background in accounting.
• Prior knowledge of regulatory reporting is considered a major plus.
• Any chartered accountant certifications are a major plus. Preparation for the exams is also a plus.
• Accuracy and attention to detail.
• An excellent team player.
• Very good verbal and written communication skills.
We offer a progressive and collaborative working environment, along with a competitive basic salary, strong bonus, good benefits, and a hybrid working model split between home and office according to project requirements (currently 1 day in the office and 4 days at home). The regional office is based in London East Ham.
