Senior Manager, Liquidity Regulatory Production Strategy
The Financial Regulatory Reporting team is responsible for the production, control and delivery of the Group's key prudential supervisory reporting and disclosure for Capital, Liquidity, Large Exposures and Leverage, including: COREP (Own Funds, LCR, LE, NSFR, Leverage), Pillar 3 and PRA 110. The team is based in London and supported by teams in India, Poland and Singapore. The team also plays a key support and liaison role for country reg teams, global functions (such as Risk, Compliance and Treasury), Investor Relations and is a key contact for the Bank of England. The team also acts as a centre of subject matter expertise in solvency and liquidity regulations for the business, change functions and Financial Planning and Analytics, advising senior management and supporting external stakeholders.
The team is responsible for delivering Liquidity reporting consolidations including LCR, NSFR, CFMR (PRA 110), FSA047/048 and FSB Phase 2. The team work closely with the Group Financial Reporting team and are key stakeholders in the quarterly disclosure process. The GCRR team designs and operates the control framework, identify and raise change requests for Finance Change to action and perform user acceptance testing. The team works closely with many functions and global locations including Risk, Compliance, ITO, Treasury, FP&A, Investor Relations and country regulatory reporting/balance sheet management teams. They also handle regulatory liaison where necessary, including ad hoc internal and external requests.
Liquidity Reporting in Finance and Liquidity Management in Treasury have initiated a Taskforce to address urgent shortcomings in Liquidity calculation and reporting data, process and controls, and the role will provide direct support to the Taskforce as required, particularly with regards to FM products. The team also supports on ad hoc and urgent issues impacting solvency and liquidity regulatory reporting.
The role of Senior Manager, Liquidity Regulatory Production Strategy leads the liquidity side.
Develop and drive the strategy for the team that fits in with the overall regulatory change landscape and aligns to targets under the operational risk framework.
Driving a team with multiple, diverse and senior stakeholders, obtaining buy in where necessary and effecting improvements to existing policy and processes.
Responsible for the strategy, execution and delivery of assurance with regards to data sourcing, calculations and reporting of regulatory metrics that are generated within the Global Financial Regulatory Reporting team. This includes prioritisation and delegation of activities to team members and liaising with stakeholders in COE, Global Risk functions, ITO and other teams as required, alongside the performance of assurance activities.
Responsible for providing business advisory for new and existing products.
People and Talent
Lead a team (direct and/or matrix) of highly skilled individuals through example to build the appropriate culture and values, focussing on engagement and retention.
Set objectives for direct reports and provide regular feedback with regards to those objectives and ensure the team benefits from ongoing training and development in relation to their roles.
Responsibility to review team structure in relation to the relevant objectives.
Influence change in relation to the controls strategy for the production of regulatory metrics in Financial Regulatory Reporting.
Identify control gaps in the end-to-end regulatory reporting process within Finance.
Design or amend and implement suitable controls across the suite of regulatory metrics reported by Financial Regulatory Reporting.
ROLE SPECIFIC TECHNICAL COMPETENCIES
External reporting (Development of innovative solutions to complex problems, Management of multiple complex deliverables, identification of priorities) Expert
Risk & Controls (Drive functional change across regulatory reporting policy and processes) Expert
Regulatory & Compliance (Basel, UK and EU Regulatory Rules, Provide guidance to the business on the regulatory impact of new products and changes to existing products) Expert
FM Product expertise - Advanced
(Please select target proficiency level)
QUALIFICATIONS: Training, licenses, memberships and certifications
10+ years regulatory reporting, regulatory policy and regulatory project experience in major UK banks. Experience of PRA/FCA enforcement and S166 audit desirable.
Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative.
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