Regulatory Accountant

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

Our client, a major banking institution, is looking to hire a capable Regulatory Accountant on a contract basis.

  • 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 :
    • The Regulatory Balance Sheet and supplementary returns.
    • The Liquidity analysis.
    • The liquidity inflows / outflows by relevant time bucket
    • Multiple liquidity monitoring metric returns
  • To understand the process and become back up support to colleagues to facilitate the timely submission to
  • Bank of England for:
    • Statistical Balance Sheet
    • Numerous supplementary returns
  • Head Office for:
    • FX Risk
    • 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