Regulatory Reporting Analyst

  • Market rate
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • ICBC Standard Bank Plc
  • 18 Mar 18 2018-03-18

• Part-qualified or qualified CIMA or ACCA. • Good understanding of the European Capital Requirements Regulation (CRR) and the latest Capital Requirements Directive (CRD IV) for banks and investment firms. • Experience of the PRA and Bank of England’s prudential and statistical reporting regimes and the EBA’s COREP reporting framework. • Good knowledge of financial services industry and basic understanding of core products covering money markets, capital markets and commodities.

Division Summary
Regulatory Reporting forms part of the ICBCS Finance department, based in London.
The Regulatory Reporting function is responsible for the calculation, control and reporting of the Bank’s capital as well as all primary prudential returns to the PRA and Bank of England covering capital, large exposures, leverage and a wide range of statistical returns.
The function is also responsible for the provision of regulatory information to ICBC Head Office in Beijing to support onwards submission of returns to the China Banking Regulatory Commission (CBRC).

As the power and reach of regulators continues to widen, the Regulatory team plays an increasingly important role in ensuring the Bank remains compliant with the ever more complex regulatory framework. Reacting to this fast changing environment, the team is also responsible for identifying business and regulator-driven changes and incorporating these into regulatory systems and reporting processes.

Job Purpose
This is a key role within the Regulatory Reporting team, which involves the calculation and reporting of the firm’s capital, large exposure and leverage position for use by internal and external stakeholders.

Key strategic objectives are as follows:-
• All key regulatory calculations performed in line with regulatory rulebook.
• Delivery of regulatory information within the firm that is timely, accurate and relevant to the needs of business and management.
• Completion of monthly/quarterly regulatory returns to the PRA and China Banking Regulatory Commission in line with requirements, supported by robust review processes.
• Ongoing review and challenge of all key data attributes and processes that support the calculation and reporting of the firm’s capital position.
• Close working relationship with departments across the Bank (including Financial Reporting, Capital Management and IT) to support new business initiatives and regulatory developments.

Key Responsibilities

• Ownership of core regulatory capital and large exposures calculations to demonstrate compliance with the regulatory rulebook.
• Compilation of daily regulatory reports to business and management.
• Ownership of key quarterly COREP returns to the EBA & PRA.
• Ownership of monthly and quarterly capital and leverage returns to ICBC Head Office.
• Contribute to Bank of England statistical reporting and Bank Exposure reporting processes.
• Support the wider Finance department in production of management reports to governance committees and reporting packs to regulators.
• Support production of Annual Finance Statements, Pillar 3 and ICAAP documents through timely provision of information for the year-end reporting cycle.
• Leverage technical and business knowledge to provide detailed analysis and commentary on movements in capital usage.
• Actively work with Business, Head of Regulatory Business Liaison and Regulatory Change team to seek out RWA efficiencies.
• Actively challenge calculation methodologies and data attributes on an ongoing basis rather than accept the status quo.
• Ownership of core reconciliations and control packs that support the calculation of regulatory capital.
• Actively work to reduce the number of manual adjustments and work collaboratively with other teams to avoid duplication of work and bring about efficiencies.
• Contribute to the development of reporting systems and processes to support new regulatory requirements and the new product approval process.
• Provide cover for team absences.