Head of Financial Reporting Assurance

2 months ago


Edinburgh, United Kingdom NatWest Group Full time

Our people work differently depending on their jobs and needs. From home working to job sharing, visit the remote and flexible working page on our website to find out more.

This role is based in the United Kingdom and as such all normal working days must be carried out in the United Kingdom.

Join us as our Head of Financial Reporting Assurance
- This is a great opportunity to hone your leadership skills and influence the improvement of the regulatory reporting control environment through a dedicated assurance program
- You’ll be tasked with building and leading a team responsible for providing independent assurance on the accuracy and completeness of regulatory reporting
- Your initial focus will be to shape and recruit a diverse and talented team, but going forward you’ll turn your attention to defining a rotational risk-based program of assurance on regulatory reporting calculations and outputs, with a focus on prudential risk

**What you'll do**:
As the Head of Financial Reporting Assurance, you’ll be accountable for providing assurance on our internal controls, governance, policies and risk management to monitor, manage and mitigate financial reporting risks for our organisation and regulated subsidiaries.

Your top priorities will include:

- Designing and managing a substantive testing programme across the regulatory framework on calculations and related reporting and disclosures
- Providing assurance on the adequacy of the design and operational effectiveness of prudential regulatory reporting internal controls which identify material risks
- Documenting and presenting the results of reviews to first line of defence colleagues and executive management
- Reviewing and challenging material regulatory interpretations, based on independent assessments of appropriate prudential rules
- Undertaking ad-hoc reviews, responding to events and risk profile review changes, and challenging interpretive proposals regarding regulatory capital, RWAs, liquidity or other prudential outcomes

**The skills you’ll need**:
To be successful in this role, you’ll need a professional accounting qualification with significant post-qualification experience or a risk and regulatory background in an international financial services organisation. You’ll also need strategic thinking skills to achieve strategic goals.

We’ll expect you to have risk and control knowledge from internal and external audits or a similar professional background. You’ll also have a deep understanding of UK regulatory environments and both PRA and EU prudential regulations and associated reporting outcomes.

You’ll also need:

- A commercial awareness and understanding of current market practices, with the ability to benchmark our bank where appropriate through a network of external relationships
- Knowledge of banking and trading products and the regulatory treatment for capital, liquidity and leverage reporting
- The ability to analyse and interpret complex information, providing appropriate challenges and making judgements and recommendations in a collaborative manner
- A track record of managing, influencing and building high-impact relationships with senior internal and external stakeholders
- Experience of delegating and prioritising activities in a complex matrix environment
- The ability to develop, coach and mentor your people, and support other senior managers to do the same



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