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Senior Regulatory Accountant - Mid-size Banking Group - Up to £85,000 + Bonus + Benefits + Excellent Work-Life Balance - Central London (with hybrid working)

LH Partners
London, United Kingdom
Posted about 14 hours ago Hybrid Permanent £70k - £85k
Phil
Posted by
Phil Han
Managing Director
Our client is a successful banking group offering corporate, retail and private banking services. Well-capitalised and well-managed, the Bank has seen growth in profits consistently year-on-year, operating with a solid track record of retaining and developing staff and their careers. Their London office is now looking to add a Senior Regulatory Accountant to their Finance function.

Profile Criteria:

  1. Fully qualified (ACA/ACCA/CIMA) with experience from the banking sector 
  2. Good knowledge of PRA, FCA, and Bank of England regulatory requirements
  3. Comprehensive practical understanding of requirements for capital and liquidity planning
  4. Proven working knowledge of all regulatory reporting, ICAAP, ILAAP, and RRP documents.
  5. Excellent communicator with the ability to build effective relationships with stakeholders and colleagues.

Role Purpose: 

Manage all regulatory reporting and regulatory compliance. This includes horizon scanning for PRA, FCA and Bank of England changes, completing and reviewing returns and liaising with regulators.

Key Tasks and Responsibilities:

Strategic

  • Keep up to date with all regulatory changes and how they impact existing returns and bring new returns into scope.
  • Drive automation of regulatory returns from source systems.
  • Work in partnership with senior managers across the Bank to update ICAAP, ILAAP, and RRP.

Planning

  • Monitor the capital and liquidity position and assess impact of asset growth and changes in liquidity profile.
  • Oversee and review weekly ILG, LCR, and NSFR forecasts and present results at funding meetings.

Reporting

  • Update ICAAP, ILAAP, and RRP.
  • Lead the Bank of England, PRA, and FCA regulatory reporting, specifically the following returns: Own Funds, ALMM, MLAR, FINREP, LE, PRA110, FSA17, NSFR, LV001, PSD001 and PSD007.
  • Assist with Group reporting, particularly where regulatory ratios are concerned.
  • Assist with the production of the annual Statutory Accounts and Financial Statements.

People

  • Work in partnership with other Finance team members and provide direction and review output on all regulatory work.
  • Work with a senior Financial Modelling Analyst to automate returns, provide regulatory guidance, and build/ improve stress testing models.
  • Build solid working relationships with staff at all levels across the Bank and provide support as required.

Processes

  • Ensure the completion of all allocated Finance daily tasks accurately and in line with requirements.
  • To assist the Finance team in completing tasks in line with requirements.
  • Ensure compliance with the statutory regulatory framework.
  • Verify that accounting, recording and information storage and retrieval procedures are adhered to.
  • Support the Finance team and CFO in ensuring that Finance processes and procedures are up to date.

Additional information about relevant skills and knowledge:

Knowledge

  • In depth knowledge of PRA, FCA, and Bank of England regulatory requirements.
  • Comprehensive practical understanding of requirements for capital and liquidity planning.
  • Proven working knowledge of all regulatory reporting, ICAAP, ILAAP, and RRP documents.
  • Strong verbal and written communication skills.
  • Excellent systems skills, particularly MS Excel, Word and PowerPoint.
  • Attention to detail and focus on quality and accuracy.    
  • Excellent organisation and time management skills.

Essential experience:

  • Strong track record of regulatory reporting in a UK Bank.
  • Experience of Modelling, Financial Analysis, and Financial Reporting with a primary focus on regulatory elements.
  • History of studying and interpreting regulatory guidance.
Job ID  LHP1611
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