Description

We are now recruiting for a 3-month contract position for a Senior Regulatory Reporting Manager for a highly successful global wholesale bank based in the Central London (with hybrid/mixed model working). The CFO has built a solid Finance function with a good team culture and work environment. The bank is well capitalised with a healthy balance sheet and the organisation is stable, professional and well-run. The Senior Regulatory Reporting Manager is responsible for the accurate, compliant, and timely delivery of the Bank's prudential and financial regulatory reporting. This role is responsible for interpreting detailed compliance requirements, maintaining the regulatory policy framework, and keeping the technical manual up to date across all jurisdictions.

As a subject matter expert, the incumbent will ensure rigorous control frameworks are adhered to, drive the implementation and design of the Bank's new automated regulatory reporting platform, and provide critical data to support liquidity and capital risk management (ICAAP/ILAAP).

The regulatory scope spans the Prudential Regulation Authority (PRA), the Bank of England (BoE), the Financial Conduct Authority (FCA) and the European Banking Authority (EBA), and the local regulator via the Group Head Office.

Profile / Search Criteria:

1. Ideally a Fully-Qualified (ACA / ACCA / CIMA) accountant / finance professional
2. Strong knowledge of commercial banking products including treasury products and at least 5 years of banking experience
3. Strong accounting knowledge including UK GAAP and IFRS
4. Working knowledge of IFRS 9
5. Extensive knowledge of Basel/CRD IV rules and implementation protocols for UK regulations including CRR2
6. Knowledge of the new regulations and returns relevant to credit institutions, e.g., Basel 3.1

Responsibilities / Coverage:

Regulatory Return Preparation & Submission

1. End-to-End Delivery: Assume complete responsibility for preparing and submitting regulatory reports/returns on an accurate and timely basis across all relevant regimes.
2. Data Analysis & Classification: Extract, analyse, and interpret complex data from core banking and derivative platforms. This includes determining the regulatory treatment and classification of commercial banking products and complex derivatives (e.g., Interest Rate Swaps, Cross-Currency Swaps, Forward FX, Asset-Backed Securities, and Repos).
3. Accounting Alignment: Ensure all reporting aligns with UK GAAP and International Financial Reporting Standards (IFRS).
4. Data Quality & Reconciliation: Implement adjustments for errors or reclassifications, ensure key control totals are fully reconciled to the General Ledger, and provide detailed variance commentary for significant movements.
5. Portal Management: Manage system parameters to ensure seamless, controlled data uploads into the FCA/PRA RegData portal, as well as local platforms for Group Finance
6. Regulator Liaison: Act as a primary point of contact to directly manage and resolve technical queries raised by external regulatory bodies.

Daily Monitoring & Senior Management Advisory

1. Metrics Oversight: Maintain continuous daily monitoring of key regulatory metrics, including Capital Adequacy, Liquidity Coverage Ratios (LCR), Net Stable Funding Ratios (NSFR), and Large Exposures.
2. Risk Reporting: Deliver critical control and compliance limit information to Treasury and Senior Management on a daily, weekly, and monthly basis.
3. Business Partnering: Collaborate directly with Business Heads to assess the regulatory capital and liquidity impacts of significant balance sheet movements.

Data Governance, Controls, & System Architecture

1. System Alignment: Maintain strict quality control and data lineage over the reporting base, ensuring data from the London entity aligns flawlessly with the general ledger.
2. System Implementation: Play a leading role in the design, configuration, parameter maintenance, and implementation of the Bank's new regulatory reporting solution.
3. Audit Trail: Initiate systems specification updates, streamline data workflows, and maintain a pristine audit trail of all manual adjustments and system enhancements.

Strategic Project Delivery

1. Lead the regulatory reporting workstreams for business-critical change projects, including:

Basel 3.1 / Basel IV Implementation

Automated Regulatory Reporting (ARR) system transition

Loans and Collateral (L&C) system enhancements

Regulatory adjustments for specialised product streams (e.g., Expat Banking)