Job Title: Senior Regulatory Reporting Controller
LOB: CFO Group
Corporate Title: Vice President
The European Regulatory Reporting team are currently going through an exciting period of expansion and a number of fantastic opportunities have become available in the London office, including the opportunity for a Vice President to join this growing department.
As the Regulatory Reporting function focuses on growth and development, there will be ample opportunity for the successful candidate to develop their own skill set and career.
Daily capital calculations/analysis - Review daily market risk regulatory calculations to be incorporated in the daily capital adequacy status sent out to senior managers
External Regulatory Reporting and Disclosures – Produce the quarterly returns including manual adjustments, reconciliations, period on period variance analysis for UK and French broker dealer entities, as well as maintaining procedures. Present these results to management
Rules changes - Involved in implementation of rule changes/updates for capital requirements and external reporting e.g. FRTB, IMM and SACCR
Business Partnering - Conduct research on regulatory requirements, assist in the preparation of capital impact analysis
Stakeholder interaction - Deal with ad-hoc requests with External (PRA and ACPR) and Internal (Risk; Internal Audit; Global Financial Control, Compliance) stakeholders
Process improvement - Participate, as required, in assignments to identify and implement improvements to the process and control framework within which the group operates
System development (BAU) - Review of BRDs, identify issues/deficiencies for change request for reg/upstream systems for rule change and for upstream data/process deficiencies. Carry out UAT and post deployment testing
System development (Strategic) - User/SME role to define data/ calculation/reporting requirements for in-flight infrastructure project
The Regulatory Reporting team are the principal point of contact for the UK and French regulators for all requests with regard to local regulatory requirements and UK and France regulated entities. We are involved in various activities such as providing capital adequacy impact analysis to various FLUs on new products/transactions, client migrations and other strategic projects as well as having input into the Capital Planning activities (through the Internal Capital Adequacy Assessment Process or ICAAP and Recovery and Resolution Planning) giving the team exposure to other teams such as Risk, Compliance,
ECM, Finance and FLUs.
The team is made up of members in the London office and in India. We are committed to the development of our people through:
Internal targeted training as well as assisted study for professional qualifications
Work life balance
Special interests such as volunteering and the environmental working group
With your ambition, we will constantly develop your skills to enable you to reach your full potential
Qualified Accountant (ACA, ACCA, CIMA or equivalent) with good working knowledge of accounting concepts or a relevant degree
Proactive, enthusiastic individual with excellent interpersonal skills as well as excellent communication skills – both written and verbal
High level of ownership, confident analytical skills and attention to detail
Demonstrate ability to work independently and with a team to support delivery of the team responsibilities as a whole
Demonstrate ability to work in a team, while contributing individually and across other teams
Display a willingness to learn through research, enquiry, and escalation
Control focused mentality
Excel proficiency and knowledge of how reporting systems operate
Keen interest in and aptitude for developing an understanding of the regulatory framework and rules
Existing knowledge and/or experience in regulatory reporting risk management and/or financial products
Bank of America
Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.
In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.
Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.
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