Group Head of Prudential Regulatory Reporting Group Head of Prudential Regulatory Reporting …

Maldon Partners
in London, England, United Kingdom
Permanent, Full time
Last application, 25 Feb 20
Maldon Partners
in London, England, United Kingdom
Permanent, Full time
Last application, 25 Feb 20
We are currently engaged on a search to find an experienced Head of Prudential Regulatory Reporting for a listed Financial Services Group. With a direct report to the CFO, this role has been created due to the firm’s expansion, as well as the need to bring in a suitably skilled Regulatory professional to manage the firm’s transition from CRD IV to IFR.

Key responsibilities will involve:

  • Regulatory horizon scanning and reporting and implementation of applicable prudential regulatory changes
  • Managing the Group’s ICAAP review
  • Producing board level management information and strategic papers on the regulatory risks relevant to the firm
  • Ensuring the Group has the correct waivers/CRR permissions in place and ensure these are optimally utilised
  • Owning the Group’s regulatory submissions including COREP and FSA returns
  • Assisting in the preparation of relevant sections of the Group’s Financial Statements
  • Enhancing current prudential reporting processes to increase efficiency and transparency of returns
  • Development of a broad understanding of regulatory requirements in a number of overseas jurisdictions to (i) assist in review of Group returns, and (ii) understand key drivers of solvency in those entities so that they can liaise with both the CFO and Group Head of Risk to ensure the most efficient use of group funds/capital
  • Participation in any relevant ad-hoc project work or reporting requirements
  • Significant input into the Group’s Prudential regulatory documentation including ICAAP, ILAA, CFP, Recovery plan, Pillar 3, Resolution pack, wind down plan and reverse stress testing
  • Understand all existing and new products offered by the firm, with reference to how they are captured and reported within the Prudential framework
  • Working with the CFO and Head of Risk to ensure regulatory reporting is in line with regulatory requirements and reflects changes to the business; and ensure UK prudential policies and procedures are commensurate to the Group’s operations and obligations
  • Point of contact for query handling and project work with other departments, notably Finance, Operations, Internal/External Audit, IT, Tax and Risk
  • Identification and resolution of data quality issues
  • Review of processes and procedures, and implement any changes necessary to improve efficiencies and controls
  • Escalation of issues to Senior Management when necessary
  • UAT for new processes/programs
  • Assisting with and supervising project work

To be considered for the role, you will need to be a qualified accountant, with at least 10 years’ experience in the Financial Services sector and in-depth knowledge of CRR/CRD IV across both trading and non-trading book products.