AVP - Regulatory Reporting - Large Exposure Monitoring
London/Hybrid
6 month contract
Day rate £450 via Umbrella Company
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My client is one of the largest financial institutions headquartered in Japan, with an established presence across all consumer and corporate banking businesses. Through its subsidiaries and affiliates, they offer a diverse range of financial services, including commercial banking, leasing, securities, credit card, consumer finance and other services.
They are looking for a Regulatory Reporting AVP on an initial 6 month contract. You will be expected to work Monday to Friday standard office hours with the occasional need to work outside of these hours inline with business needs. The position is hybrid working being in the office 2-3 days a week with the remainder of time working from home, you will be expected to align working days with colleagues initially whilst training in the position.
The Team
The Regulatory Reporting team is responsible for both the internal management information for the daily and monthly monitoring of capital and liquidity adequacy and large exposure, as well as production and submission of the regulatory returns to the regulators, including the Bank of England, PRA and FCA. The team is also involved in the organisation's annual ICAAP, ILAAP and RRP process, as well as responsible for compiling the Pillar 3 documents.
Purpose of Job
The role is primarily responsible for supporting with the daily regulatory large exposure monitoring process and for producing management information that supports related decisions and investigations.
Duties include but not limited to:
Responsibility for daily large exposure monitoring against regulatory and internal limits.
Manage and further develop the large exposure communications & approval framework with Front Office, Risk Management and Planning around banking & trading book limits and permitted internal limit excesses.
Daily communications to senior management in relation to regulatory prudential ratios monitoring and group collateral reporting.
Subject Matter Expert (SME) for regulatory large exposure monitoring framework
Accountabilities & Responsibilities
Daily large exposure monitoring process associated investigations and resolution of potential internal or external limit breaches.
Intraday large exposure monitoring
Management of the daily group collateral process including associated investigations and adjustments
Support the preparation of quarterly COREP reports related to credit risk and large exposures.
Knowledge, Skills, Experience & Qualifications
Bachelor's degree or equivalent required
Industry experience in working for a comparable institution required
Expert knowledge of regulatory large exposure rules and reporting requirements under the UK / European Capital Requirements Regulation required
Experience in producing regulatory large exposure reporting (COREP COR002) required
Knowledge and exposure to banking and capital markets products from credit risk and large exposure perspective required
Strong communication and influencing skills required.
Proven ability to work with large amounts of financial and risk data required
Strong experience in delivering financial or risk reports under pressure without compromising on accuracy and attention to detail required
Proven experience in condensing complex risk and financial data into reports for senior management consumption required
Experience in communicating complex change requirements to key stakeholders required
Expert at working with MS Excel required, PowerBI and SQL desirable.
Strong numerical and financial skills required
Candidates must show evidence of the above in their CV to be considered.
Please be advised if you haven't heard from us within 48 hours then unfortunately your application has not been successful on this occasion, we may however keep your details on file for any suitable future vacancies and contact you.
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