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Own Funds and Prudential Reporting Analyst

Paris, , France

Job Description:

Job Title: Own Funds and Prudential Reporting Analyst

LOB: CFO Group

Corporate Title: Assistant Vice President

Location: Paris

The European Regulatory Reporting team is currently going through an exciting period of expansion and a number of opportunities have become available in the Paris office, including the opportunity for an Assistant Vice President to join this growing department.

The successful candidate will work closely with senior stakeholders, conducting research on regulatory requirements and overseeing various regulatory projects.  

Responsibilities:

  • Daily capital calculations/analysis - 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 French broker dealer entity, as well as maintaining procedures. 

  • RWA planning ( forecast, regulatory changes, optimization initiatives) and capital needs /solvency ratio optimisation

  • Rules changes - Involved in implementation of rule changes/updates for capital requirements and external reporting e.g. FRTB, IMM and SACCR

  • Stakeholder interaction - Deal with ad-hoc requests with  External (ACPR/ECB) 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

The Team:

The Regulatory Reporting team is the main point of contact for the French regulators for all requests with regard to local regulatory requirements and France regulated entities.  We are involved in various activities such as providing capital adequacy impact analysis to various Front Line Units (FLU) 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, Enterprise Capital Management and Front Line Units.

  • 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

Core Skills:

  • Master’s degree in finance, business or engineering 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

  • 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 banking supervision and risk calculation methodologies

  • Existing knowledge and/or experience in regulatory risk management and/or reporting would be appreciated

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.

Job Band:

H5

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Own Funds and Prudential Reporting Analyst

LOB: CFO Group

Corporate Title: Assistant Vice President

Location: Paris

The European Regulatory Reporting team is currently going through an exciting period of expansion and a number of opportunities have become available in the Paris office, including the opportunity for an Assistant Vice President to join this growing department.

The successful candidate will work closely with senior stakeholders, conducting research on regulatory requirements and overseeing various regulatory projects.  

Responsibilities:

  • Daily capital calculations/analysis - 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 French broker dealer entity, as well as maintaining procedures. 

  • RWA planning ( forecast, regulatory changes, optimization initiatives) and capital needs /solvency ratio optimisation

  • Rules changes - Involved in implementation of rule changes/updates for capital requirements and external reporting e.g. FRTB, IMM and SACCR

  • Stakeholder interaction - Deal with ad-hoc requests with  External (ACPR/ECB) 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

The Team:

The Regulatory Reporting team is the main point of contact for the French regulators for all requests with regard to local regulatory requirements and France regulated entities.  We are involved in various activities such as providing capital adequacy impact analysis to various Front Line Units (FLU) 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, Enterprise Capital Management and Front Line Units.

  • 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

Core Skills:

  • Master’s degree in finance, business or engineering 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

  • 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 banking supervision and risk calculation methodologies

  • Existing knowledge and/or experience in regulatory risk management and/or reporting would be appreciated

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.

Learn more about this role

Full time

JR-22001745

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Sandeep Khokhar

Referral Bonus:

0

Street Address

Primary Location:
49-51 Rue La Boetie, Paris, 75008