Regulatory Reporting Analyst
To £50,000 + Bonus + Benefits (including 20% non contributory pension, subsidised restaurant, PHI)London

They are a well known and strongly established private banking group with a unique brand history who offer their customers a truly personalised experience. The bank has strong employee values and is a highly collegiate environment.

THE ROLE The role is within the Finance function and will be part of the external reporting team. Role responsibilities include:

Regulatory requirements analysis

  • Finance administrator and support for the regulatory reporting applications, to include working with IT with system upgrades and developments to the regulatory reporting software.
  • Participate in projects related to forthcoming regulatory changes.
  • Provide key input into the ongoing review and suggest improvements/enhancements to the regulatory reporting software to the supplier.
  • Review the data quality within system extracts and work with data owners to improve and enhance the data.

Undertake testing tasks for regulatory reporting

  • Undertake user acceptance testing on system upgrades to the regulatory reporting software, including bank specific enhancements - to include validation of extracts from bank systems and proofing of all output from the software according to test plans.
  • Preparation of test plans, create test scenarios and test scripts for system changes, end to end and regression testing.

Regulatory reporting

  • Daily monitoring of the bank's exposures arising in customer and Treasury lending against internal and regulatory limits.
  • Prepare regulatory returns to the regulators (PRA/FCA and Bank of England) on an accurate and timely basis, including COREP.
  • Keep up to date with developments in regulatory reporting.
  • To maintain and update regulatory reporting procedures.
  • Assist in supporting the business needs with regulatory analysis and reporting.
  • Cover and support for other team members during periods of absence or as required.

In order to be considered for this role you must meet the following criteria:

  • Graduate finalist or qualified ACCA with good experience in a financial services role (preferably banking background).
  • Experience of working as part of a team implementing regulatory change, using a vendor product.
  • Use of database applications and schema.
  • Experience of extracting, manipulating and reporting of data from regulatory systems.
  • Comprehensive system testing experience and application of test approaches and techniques.
  • Exposure to and proven experience of regulatory reporting and requirements (COREP or EBA reporting would be an advantage).
  • Experience of working on regulatory reports in a change function.
  • Experience of preparing user acceptance test plans, identifying test data, undertaking acceptance testing and documenting test results.
  • Highly numerate with strong analytical and advanced excel skills (databases would be an advantage).
  • Knowledge of regulatory reporting and related rules.