Join our External Reporting team within the Capital Reporting Regulatory department of Finance, which is a service-orientated business comprised of specialised individuals with knowledge and expertise in understanding, managing and delivering financial information to our regulators.  

As a Regulatory Capital External Reporting Associate within the External Reporting team, you will be interacting with multiple lines of business and internal stakeholders while continuously learning within the Regulatory Capital Reporting space. You will liaise with various teams, including but not limited to: Statutory accounts team, FINREP team, line of business finance teams, Operations, Treasury, Audit, Legal Entity Control teams, as well as working on requests from External Audit and the Regulators on an ad-hoc basis. You will be responsible for reconciling all the regulatory returns across capital reporting and submitting them to the regulator on a quarterly basis. You are not expected to do daily or weekly internal reporting, you will be doing external reporting on a quarterly basis.

Job responsibilities

Preparing quarterly and biannual returns for the UK solo regulated entities and their associated UK consolidation groupsProducing quarterly IFPR regime MIF returns for 3 UK entities, calculating K factors and capital requirement, preparation and presentation of IFPR management pack and submission of final returns to the FCA producing quarterly COREP regulatory returns, which are not specific to either Credit or Market risk, namely: CA1-2-3-4: Own funds, Risk weighted Assets, capital Ratios, Capital Deductions and C16-17 Operational risk and losses Interpreting published statutory accounts, financial reporting returns to compute own fund calculationsPreparing resubmission packs after the yearly published statutory accounts and helping in executing resubmission process, signoff meetings, variance analysis etc.Performing analysis and challenging regulatory capital drivers and key variances, including liaising with line of business reporting, and provide commentaryMaintaining the control standards adhering to firm wide and local controls around User Tools, adjustments and tracking of data/architecture issuesUnderstanding the reporting model infrastructure and implementing streamlined process solutions towards a more efficient reporting modelBeing involved in other non-BAU tasks, such as projects and policy matters that impact the capital requirementAddressing internal and external Audit requests, as well as from the regulatorsPartnering with Projects team in implementation of any system related changes

Required qualifications, capabilities and skills

Degree qualification, accountancy qualification or qualification by experience with Financial Services industryDegree qualification and either accountancy qualification or qualification by experience with Financial Services industryFamiliarity with current Capital regulations and reporting requirements (COREP / IFPR)General accounting, reconciliation and finance knowledge from a Regulatory environmentStrong interpersonal and team working skills Self-motivated and able to work with minimal supervisionStrong analytical and problem solving skillsFlexibility to work under pressure to meet changing work requirements and strict deadlinesAbility to communicate effectively at all levelsStrong attention to detail

Preferred qualifications, capabilities and skills

Axiom user experienceAlteryx knowledge / experienceFamiliarity with FRTB rules and requirementsFamiliarity with Basel 3.1 changes