Sterling Williams are working alongside an international bank in the West End of London who are looking to hire a Regulatory Reporting Accountant on an initial 2 year Fixed Term Contract


Regulatory Reporting Accountant
Full-time; 4 days a week in the office, with 1 day from home
Salary circa £60,000 pa plus benefits
West End of London
2 year Fixed Term Contract


The purpose of the role is to be involve with the preparation and finalising all prudential regulatory reporting as submitted to the PRA and Bank of England (BoE) ensuring submission deadlines are met. Supporting the enhancement quality of the regulatory returns by analysing the underlying data used in the production of the returns, and to support building regulatory reporting control framework and control environment ensuring complete and accurate reporting activities.




*Production of regulatory returns (COREP, FINREP and BoE returns) in a timely manner
*Improve existing automation of Regulatory Reporting platform (SUADE) for submission via REGDATA and BEEDS.
*Perform horizon scanning over the publication of new regulatory requirement or updates to existing guidelines to ensure Bank complies with the applicable reporting requirements.
*Produce or update the policies and procedures covering all regulatory reporting (statutory as well as statistical).
*Assist in the preparation of Pillar 3, ICAAP and ILAAP documents as required based on the data request from the risk department
*Assist with the daily/weekly/monthly liquidity and capital monitoring and production of MI including Head Office reporting.
*To perform controls including reconciliation of regulatory returns with the financial statements to ensure completeness and accuracy of the submissions.
*Liaise with stakeholders outside finance control team to develop understanding of the products and their treatment for regulatory reporting purposes
*Adhere to Bank’s policies and procedures and keep line managers informed of any matter as appropriate.
*Support production of monthly/quarterly dashboards for MI to be submitted to various governing bodies.


Experience and Skills required:


*Ideally ACCA/CIMA or ACA qualified.
*Working knowledge of PRA/Bank of England regulatory requirements (COREP, FINREP and BoE returns), EBA regulations and Q&A updates is essential.
*Minimum two years of regulatory reporting experience.
*Good data analytical skills to support assessing the quality of the data.
*Strong knowledge of MS Office (Excel, Word and PowerPoint) and able to formulate technical regulatory calculations and effective MI dashboards.
*Detailed knowledge of validation rules, interpretation of rules and definitions and the interplay between returns.
*Proactive in identifying misclassifications and database cleaning.
*Previous experience with SUADE software is desirable.
*Good written and verbal communication skills.