Assistant Regulatory Reporting Accountant

Expiring today

Recruiter
Target Group
Location
Bassaleg, Newport
Salary
£40000 - £45000/annum
Posted
21 Jul 2017
Closes
20 Aug 2017
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
Key Purpose of the role

A fantastic opportunity has arisen for a nearly or newly qualified accountant at the Target Group with scope to progress. The successful candidate will be responsible for ensuring all Target and Client regulatory reporting requirements are properly defined and correctly reported to the relevant party on a timely and efficient basis.

KEY ACCOUNTABILITIES

People:

1) Cultivate deep knowledge of Target Servicing, its subsidiary and clients, understanding the regulatory environment and developments affecting this market and its regulatory reporting requirements.
2) Knowledge sharing and training of relevant staff members to enable them to validate accuracy of client returns (as and when required) prior to distribution or submission.
3) Continual development through identification and action of own personal development plan.
4) Working closely with internal teams to develop new and improve existing regulatory automated reporting.
5) Working closely with key stakeholders around the business to collate information required for submission to the regulators, ensuring information is accurate and in correct format.
6) Key contact for external and internal auditors regarding any issues relating to regulatory reporting and ensuring the control framework is in place.
7) Working closely with the data team to resolve data issues affecting reporting.
8) Develop good relationships with the compliance team to ensure all new and existing regulations have been addressed.

Customer:

1) Accurate, efficient and timely production and analysis of all client regulatory reports and/or associated data extracts.
2) Main point of contact for clients, and any relevant regulatory body, for all regulatory reporting produced on behalf of clients and Target.
3) Analysis and implementation of any new regulatory reporting requirements and procedures.
4) Ownership and distribution of regulatory reporting timetable for all FCA, BoE and BSA returns with delivery in line with agreed SLAs.
5) Lead the regulatory reporting work stream for new change controls submitted by existing clients to ensure changes are fully impact assessed and built according to specification.
6) Lead the regulatory reporting work stream to ensure any relevant reporting for new servicing clients is effectively captured, priced and agreed in advance with client.
7) Responsible for preparing compliance specification requirements and ensuring this is in line with interpretation of relevant regulations.
8) Responsible for answering queries relating to regulatory reporting from the Regulators in a timely manner.
Financial:
1) Lead on ad hoc projects related to process efficiencies and improved data integrity.
2) Other ad hoc finance projects and covenant reporting as per departmental and business requirements, where regulatory reporting timetable permits.

Process:

1) Accurate, efficient and timely production and analysis of Target and Elderbridge regulatory returns.
2) Reconciling client information against existing data sources to validate accuracy and analyse any variances.
3) Consolidation of data prior to submission.
4) Analysis and implementation of any new regulatory reporting requirements and procedures i.e. regulator handbook updates and consultation papers.
5) Embed processes to ensure that any additional Target and Elderbridge serviced portfolios can be seamlessly added to regulatory reporting.
6) Proactively identify and flag common data integrity issues that impact reporting to ensure these are resolved on a timely basis.
7) Other ad hoc finance projects and covenant reporting as per departmental and business requirements, where regulatory reporting timetable permits.
8) Support finance team with reconciliation and queries
9) Monitor and update, when required, the regulatory reporting timetable for the business and ensure all deadlines are met
10) Assess requirements for all on boarding clients
11) Accurate, efficient and timely production and analysis of Client regulatory returns, within agreed SLAs

Essentials:

1) Part qualified or newly qualified accountant with demonstrable experience in financial services.
2) Confident communicator with ability to build and maintain relationships with key stakeholders and give a regulatory opinion.
3) Advanced Excel skills.
4) Highly organised with attention to detail and ability to meet strict deadlines on multiple deliverables.
5) Strong team player but also able to proactively work on own initiative.
6) Creative and objective thinker capable of challenging and providing evidence of their conclusions.

Desirable:

1) Knowledge and experience of FCA and Bank of England regulatory reporting rules, handbooks and systems