Regulatory Reporting Manager

**Regulatory Reporting Manager**

Reporting to the Financial Controller, the Manager, Regulatory Reporting will have responsibility to maintain an accurate and timely regulatory reporting function and analyzing the detailed compliance requirements as necessary. The incumbent will in chargeof the regulatory policy in the area and keeping the regulatory technical manual updated for all prudential regulatory reporting. The incumbent will ensure that all controls and checklists with regard to sign off are adhered too.

**Key Responsibilities**

a) To assume complete responsibility for preparing regulatory reports/returns on an accurate and timely basis. This includes:

- Analysing and interpreting data from source banking and derivative systems for inclusion in the bank's regulatory submissions. The banks regulatory submissions cover the standard range of commercial banking products but also include more complex productssuch as:

- Interest rate swaps
- Cross currency interest rate swaps
- Forward foreign exchange o Asset backed securities
- Repos
- Make decisions on classification of investment products.
- Where necessary making adjustments for error, omissions and reclassifications.
- Ensuring that reports are completed in line with UK Generally Accepted Accounting Practice (UK GAAP) as adjusted for IFRS and International Financial Reporting Standards (IFRS)
- Ensuring that reports are prepared on a consistent, reliable and timely basis.
- Where relevant ensuring that detailed explanations for significant movements are provided.
- Ensuring that where appropriate key control totals are reconciled
- Effective inclusion of any changes in accounting treatment of major items in conjunction with Group Finance and local accounting requirements.
- Effective inclusion of any changes emanating from regulatory environment through rigorous and controlled system parameter maintenance. Submission of reports includes
- Maintaining control over system parameters to ensure that uploads into FCA's /PRA's REG DATA reporting portal is carried out in a consistent, reliable and timely manner.
- Dealing directly with the regulator in the event of queries over submissions.
- Maintaining parameters on local systems for submission to Group Finance.

b) To maintain daily monitoring of regulatory compliance, (large exposures, liquidity and capital adequacy) using the external vendors system supplemented by manual procedures as necessary. This includes the following reporting to senior management the metricscovering large exposure reporting, inter-group lending limits, liquidity and capital adequacy and;
- Ensuring that critical control information in respect of compliance and risk limits is delivered to the Bank's Treasury and senior management on a daily, weekly monthly basis and dealing with any queries thereon.
- Reporting any significant compliance/risk/control issues to management.
- Discussing directly with business heads any significant balance sheet changes and assess impact on regulatory returns

c) To maintain quality control over the reporting base, including that of Paris branch. This includes:

- Ensuring that regulatory accounting and reporting systems are aligned to and reconcile with the banks general ledger and supporting systems.
- Taking a lead in initiating any necessary changes for improving systems specifications and work flow.
- Maintaining a clear audit trail of changes and enhancements to regulatory reporting systems

d) Providing support to the FC/CFO as follows: Providing support on all technical regulatory and risk management issues This includes:
Regulatory reporting framework - keeping abreast of developments: The incumbent is required to supplement technical knowledge of regulatory products and rules and be proactive in this regard:

- Monitor developments on the Financial Conduct Authority's website and track key changes in GENPRU / BIPRU and CRR requirements.
- Monitor developments on the Bank of England's website, British Bankers Association and Association of Foreign Banks for rule changes and market developments
- Attend relevant technical seminars
- Work closely with Bank's compliance officer and incorporate any necessary compliance changes when required.
- Providing support to the FC/CFO/CRO on risk management issues relating to the bank's capital and liquidity positions:
The incumbent is required to:

- Provide reliable metrics for bank's stress testing model on both liquidity and capital
- Provide input into the bank's Individual Liquidity Adequacy Assessment Process (ILAAP) and Individual Capital Adequacy Assessment Process (ICAAP)
- Provide technical updates to relevant policies and procedures.

e) To assist on key finance projects as follows:

- Involvement in MIS project
- Regulatory automation project
- Enhancement of reporting through implementation of Group reporting software.

**Qualification & Experience**
- Strong knowledge of commercial banking products including treasury products and at least 5 years of banking experience.
- Strong accounting knowledge including UK GAAP and IFRS
- Working knowledge of IFRS 9.
- Extensive knowledge of Basel/CRD IV rules and implementation protocols for UK regulations including CRR2
- Knowledge of the new regulations and returns relevant to credit institutions (eg PRA 110, CRD V, new liquidity pillar 2 requirements etc)
- Advanced skills on Industry specific bank reporting software and Microsoft Excel.
- Graduate qualifications and/or recognized accounting/banking qualification: minimum qualified ACA/ACCA/CIMA/ACIB is a must, Qualification by experience will be considered