AVP Regulatory Reporting Business Analyst AVP Regulatory Reporting Business Analyst …

Michael Page
in London, United Kingdom
Permanent, Full time
Last application, 26 Nov 20
GBP50000 - GBP65000 per annum + excellent co bens, bonus on top
Michael Page
in London, United Kingdom
Permanent, Full time
Last application, 26 Nov 20
GBP50000 - GBP65000 per annum + excellent co bens, bonus on top
AVP Regulatory Reporting Business Analyst City of London Capital Markets and Corporate Lending financial services house looking for Reg Reporting candidate to join able to handle: BoE Statistical returns, calculation re annual prudential regulatory fees+cash ratio deposit, help with Corep reports

AVP Regulatory Reporting Business Analyst

City of London Capital Markets and Corporate Lending financial services house

  • Exceptional, market leading knowledge and people - excellent learning opportunities
  • Great global firm - stability and growth even in tougher climate - CV build from a brand and exposure perspective given lean teams/greater diversity in-role

Description

AVP Regulatory Reporting Business Analyst

City of London

Financial Services

The EMEA region comprises several branches, and separate legal entities in London and the EU. Each entity has a number of regulatory reporting requirements.

In the UK, the entities are required to submit regular prudential, statistical and risk-related reports to local (PRA / Bank of England) and European (EBA) regulators. These cover a variety of reporting disciplines including balance sheet, Liquidity, Credit Risk and Large exposures. In addition to external reporting the Bank must also monitor key ratios on a daily basis.

  • The role is responsible for the production of Bank of England Statistical regulatory reports and data submitted to the regulators
  • Key objectives include the accurate and timely production of regulatory Statistical returns and information to support management information
  • Some of the information from these statistical returns will be used to calculate the entity's monthly Cash Ratio Deposit with the Bank of England, as well as form part of the calculations to determine the amount of Annual Prudential Regulatory Fees to pay to the PRA
  • Some of the figures from Statistical reports will go towards the published statistical figures which the Bank of England produce and make publicly available on a Quarterly basis
  • Involvement in preparation of COREP reports

The candidate will be directly responsible for a series of specific tasks:

  • Produce, reconcile and review all statistical reports to ensure the accuracy of reporting and compliance with the Bank's procedures
  • Answer any queries which either the Bank of England or the PRA may raise, either through investigations or by asking Treasury or the relevant Account officer for their input
  • Preparation of COREP reports
  • Maintain the access levels of both GABRIEL and OSCA
  • Check that customer information is accurately reflected within EIC (Exposure Information Exposure) which feeds the returns
  • Preparation of reports relating to SONIA (Sterling Overnight Index Average) benchmarking requirements

Profile

  • Bachelor's degree or equivalent
  • Industry experience in working for a comparable institution
  • Good knowledge of statistical and prudential reporting requirements with experience of managing calculations and reporting of key ratios
  • Knowledge and exposure to banking and capital markets products from credit risk perspective
  • Experience in communicating complex change requirements to key stakeholders
  • Change management / implementation experience and ability
  • Knowledge of local statistical reporting returns
  • Very good knowledge of Excel (formulas, pivot tables)

Job Offer

  • Base from £50,000 to £65,000 for the right candidate(s)
  • Exceptional company benefits package
  • Competitive bonus scheme
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