Financial & Regulatory Reporting

Recruiter
McGregor Boyall Associates Limited
Location
London (Central)
Posted
10 Jan 2018
Closes
12 Feb 2018
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time

Financial and Regulatory Reporting

Our client is a large Investment Bank who is looking for a contractor to join their Financial and Regulatory Reporting team for 6 months, with the option to extend at our clients dicretion.

Main purpose of this role:

  • Facilitate, monitor and control the accurate reporting of various regulatory returns such as DACT, NSFR plus other liquidity metrics on the London Branch & Subsidiaries Balance Sheets, to Head Office on a timely basis, according to Head Office instruction.
  • Respond to queries on the London Branch & Subsidiaries Regulatory Balance Sheet from Head Office, the Bank of England, the PRA, Management and internal audit.
  • Facilitate, monitor and control the accurate statistical reporting of the London Branch Regulatory Balance Sheet and P&L under IFRS along with associated returns, to the Bank of England on a timely basis, according to the instructions of the regulator and relevant IFRS standards.
  • Facilitate, monitor and control the accurate reporting of the London Branch Regulatory Balance Sheet under HGB along with associated returns, to Head Office on a timely basis, according to Head Office instruction.

Key Activities:

To work with immediate manager to facilitate the timely submission to Head Office for:

o The Regulatory Balance Sheet and supplementary returns.

o The Liquidity analysis.

o The liquidity inflows / outflows by relevant time bucket

o Multiple liquidity monitoring metric returns

To understand the process and become back up support to colleagues to facilitate the timely submission the Bank of England for:

o Statistical Balance Sheet

o Numerous supplementary returns

Head Office for:

o FX Risk

o GAP reporting for Basel II Solvency requirements

  • Provide to Head Office and Management detailed balance sheet commentaries to support the submissions and analyse month on month movements.
  • To investigate any queries raised by Management, Head Office or external Regulators that arise from the submission of the London data.
  • To provide proactive input into the wider activities of the London Finance team as a whole on an ad-hoc basis.

Key Requirements:

  • Part Qualified accountant or Finalist (CIMA, ACCA, ACA).
  • Awareness of how key Financial Reporting Standards (UK GAAP and IFRS) could potentially impact their role and the banking industry.
  • Systems skills: Microsoft Excel and Word to intermediate / advanced level. Microsoft Access to intermediate level an advantage
  • Broad understanding of the products within the banking industry would be viewed positively

Personal skills:

  • Ability to work to tight monthly deadlines whilst maintaining accuracy and quality
  • Inherently good at problem solving
  • Must make and maintain effort to work well and effectively within the team including knowledge sharing where appropriate
  • Good communications and analytical skills - an ability to communicate verbally and in writing
  • Appreciation for materiality
  • Proactive individual; prepared to contribute actively to the activities of the department as a whole
  • Flexible individual; looking to constantly take on new challenges in order to develop new skills and to progress to more senior positions within the department

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  • facilitate, monitor and control the accurate reporting of the London Branch Regulatory Balance Sheet under HGB along with associated returns, to Head Office on a timely basis, according to Head Office instruction and relevant German Regulatory Standards