Job Specifications
Trading Book – Regulatory Reporting Analyst - AVP
London/Hybrid
12 month contract
Day rate £450 via Umbrella Company
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My client is one of the largest financial institutions headquartered in Japan, with an established presence across all consumer and corporate banking businesses. Through its subsidiaries and affiliates, they offer a diverse range of financial services, including commercial banking, leasing, securities, credit card, consumer finance and other services.
They are looking for a Regulatory Reporting Analyst to join the Trading Book Team on an initial 12 month contract. You will be working Monday to Friday, standard office hours with the occasional out of hours requirement in line with business needs.
Purpose of Job
To maintain analysis and produce management information and commentaries around the capital reports for the organisations UK entities, with a focus on trading book activities
To produce external regulatory reporting returns for the organisations UK entities
Background
The EMEA region comprises a number of branches, and separate legal entities in London and Frankfurt. Each entity has a number of regulatory reporting requirements.
In the UK, the organisation is required to submit regular prudential, statistical and risk-related reports to local regulators (PRA, FCA and Bank of England). These cover a variety of reporting disciplines including balance sheet, Liquidity, Credit Risk and Large exposures. In addition to external reporting the Bank must also monitor key ratios on a daily basis, and the reporting includes COREP (including Own Funds, Large Exposures and Liquidity submissions), Pillar 3, PRA/FCA Prudential and Bank of England Statistical Returns.
Facts / Scales
The Trading book Regulatory Reporting is a team of 3 people within the Regulatory Reporting team UK which comprises approximately 12. This is within the Regulatory Reporting EMEA team which includes approximately 20 people in total across reporting, change and policy.
Accountabilities & Responsibilities
Production of internal capital metrics (daily, weekly and monthly), as well as analysis and commentaries on variances.
Production of monthly MI required by other departments for internal risk appetite monitoring purposes
Production of FCA IFPR submissions (quarterly)
Support production of COREP submission (quarterly)
Support UAT testing of regulatory change programmes and other ad hoc queries as required
Produce, reconcile, and review all SMBC statistical reports to ensure accuracy and compliance with the Bank’s procedures.
Respond to queries from the Bank of England or the PRA, either directly or by liaising with Treasury or the relevant Account Officer.
Maintain access levels for both RegData and OSCA systems.
Ensure customer information is accurately reflected within EIC (Exposure Information Centre), which feeds into regulatory returns.
Demonstrate expert knowledge of statistical, prudential, and risk reporting requirements within a regulatory and risk context, including experience managing calculations and reporting of key ratios.
Knowledge, Skills, Experience & Qualifications
Bachelor’s degree or equivalent
Industry experience in working for a comparable institution
Capital reporting knowledge in a regulatory and risk context with experience of managing calculations and reporting of key ratios
Knowledge and exposure to banking and capital markets products from capital perspective
Proven ability to work with large amounts of financial and risk data
Experience in delivering financial or risk reports under pressure without compromising on accuracy and attention to detail
Proven experience in condensing complex risk and financial data into reports for senior management consumption
Experience in communicating complex change requirements to key stakeholders
Change management / implementation experience and ability
Knowledge of COREP regulatory returns
Knowledge of capital requirements under European Capital Requirements Regulation
Working knowledge of working with MS Excel and Access and familiar with databases and programming including SQL and VBA
Strong numerical and financial skills
People-management skills
Culturally aware
Influencing skills
Candidates must show evidence of the above in their CV to be considered.
Please be advised if you haven't heard from us within 48 hours then unfortunately your application has not been successful on this occasion, we may however keep your details on file for any suitable future vacancies and contact you.
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