Head of Regulatory Reporting Head of Regulatory Reporting …

Maldon Partners
in London, England, United Kingdom
Permanent, Full time
Last application, 16 Jul 19
£100,000-£120,000 + Bonus, bens
Maldon Partners
in London, England, United Kingdom
Permanent, Full time
Last application, 16 Jul 19
£100,000-£120,000 + Bonus, bens
Our client is a leading UK banking group looking for a new head of Regulatory Reporting

Head of Regulatory Reporting


Our client is a leading UK banking group looking for a new head of Regulatory Reporting

The Head of Regulatory Reporting manages a team to ensure that accurate and timely prudential regulatory submissions are submitted to the Prudential Regulation Authority and European Banking Authority for the consolidated Group and the Bank. The role will own Pillar 3 disclosures, and relevant regulatory disclosures in the group’s Financial Statements and other financial and regulatory reporting. 

The role will also include significant involvement in other key regulatory initiatives such as group’s annual ICAAP, RRP and ILAAP. 

The role is evolving in line with the Bank’s progression towards achieving an A-IRB approval, and has a key part to play in the A-IRB programme



  • Qualified accountant
  • IRB exposure (Ideally)
  • Team Management experience



Submission of regulatory returns

  • Ensure all prudential regulatory returns (COREP, GABRIEL, Bank of England statistical and Irish Branch) are submitted accurately and on time
  • Consolidate and enhance existing reporting processes, including liaison with key stakeholders, in particular Finance, Risk and Treasury to ensure appropriate reviews are undertaken and sufficient challenge has taken place
  • Oversee project management of new regulatory returns and reports, ensuring appropriate involvement of relevant staff
  • Develop appropriate internal communication of regulatory ratios and summaries of key submissions
  • Manage relationship with PRA Supervisor and deal with ad hoc requests from regulators in a timely and effective manner
  • Ensure FINREP returns (prepared by Financial Control teams) submitted within required timescales. Ensure consistency of reporting and governance between FINREP and COREP
  • Promote awareness of, and compliance with regulatory requirements


Financial Reporting of regulatory metrics and Pillar 3

  • Prepare and manage key capital, leverage and other CRD IV disclosures in Interim and Annual Financial Statements, including preparation of key explanatory communications and reconciliations for senior management
  • Prepare and finalise group’s Pillar 3 regulatory disclosures within required timescales
  • Liaise with Investor Relations team in dealing with prudential regulatory queries from investors and other stakeholders


Contribution to A-IRB programme

  • Represent the regulatory reporting function across all aspects of the A-IRB programme
  • Design and implement future state processes as the bank transitions to A-IRB
  • Contribute to the implementation of new system to facilitate RWA calculation and regulatory reporting
  • Act as a matrix manager for functions within the A-IRB programme directly impacting RWA calculations and regulatory reporting outputs


Consolidation of ICAAP and responsibility for communication of key regulatory metrics

  • Significant involvement in preparation of the group’s ICAAP, including responsibility for financial stress testing and reverse stress testing and management of related working group
  • Manage ad-hoc reporting and communication to Bank’s senior management, including involvement in formal reporting to board and Exco on key regulatory ratios and future developments


Other responsibilities

  • Participate in group’s Regulatory Oversight Group, responsible for monitoring regulatory changes affecting the group
  • Active involvement in other key regulatory projects, including ILAAP and RRP
  • Involvement in key internal business development projects ensuring Regulatory Reporting needs are appropriately addressed


Team management and training

  • As a Senior manager within the Banks Finance Function, will be required to demonstrate behaviour commensurate with that role, providing inspirational and motivational leadership and direction to the Finance Team and the wider employee base.