Overview
Job Title: Regulatory Reporting Controller II
Location: London
Corporate Title: Vice President
Company: Alliance & Leicester
Responsibilities
* This is a role in the EMEA Regulatory Reporting team. The role will deepen your knowledge of financial products and provide a great opportunity to build knowledge of prudential regulation. Responsibilities include:
* FRTB - Involved in implementation of FRTB rule changes/updates for capital requirements and external reporting scheduled for 2026, including model and system testing and development of the reporting capabilities
* Preparing and reviewing the UK and EU capital calculations and reporting of 3 prudentially regulated entities. The team carries out all standardised and internal model RWA calculations and reporting across UK, France and Ireland
* Daily capital calculations/analysis - Review daily RWA calculations to be incorporated in the daily capital adequacy status sent out to senior managers to support management of UK and EU entities
* Business Partnering - Collaborate with Front Office, market risk, model developers and other groups on capital management and RWA efficiencies
* Stakeholder interaction - Deal with ad-hoc requests from external regulators and partnering and internal stakeholders such as Risk, Internal Audit and Compliance
* Issue management - leading the team in identifying and remediating process and other issues impacting the Capital Reporting process
* System development (BAU) - Initiation of technology change to support changing rules, and our continuing process to improve efficiency and controls. Review of business requirements, help with data sourcing and carry out UAT and post deployment testing
* System development (Strategic) - As a user help to define data/ calculation/reporting requirements for an in-flight infrastructure project including analysis tools
* Helping to oversee the UK and EU capital calculations and reporting of 3 prudentially regulated entities
* External Regulatory Reporting and Disclosures - Produce the quarterly COREP and other disclosures including manual adjustments, reconciliations, period on period variance analysis for UK and EU entities, presenting these results to management
What We are Looking For
* Qualified Accountant, CFA or equivalent or a relevant degree or experience
* Experience in a prudential regulatory reporting function in an international financial institution
* Knowledge of the EU and UK regulatory framework, specifically on elements of FRTB market risk and/or CVA
* Experience in CoRep and Pillar 3 disclosures
* Understanding of basic Market risk management concepts (e.g., diversification, hedging, payoff profiles, etc.)
* Good product knowledge including payoff types and product features (KI/KO, structures, futures vs forwards, etc.)
* Basic understanding of market conventions, underlyings, and impact of reference data on calculations
* Basic understanding of pricing models and impact on the calculation of FRTB/CVA inputs
* Ability to understand implications of regulatory requirements on technical implementation of the calculations
* Ability to perform risk drivers analysis and provide commentary on variance in capital requirements
* Ability to communicate clearly on technical topics with risk management and front office
* Control focused mentality
* Highly proficient in Excel, including the ability to work with large datasets
Benefits
* Private healthcare for you and your family plus an annual health screen
* Competitive pension plan, life assurance and group income protection
* Flexible benefits including wellbeing accounts, travel insurance, and more
* Employee Assistance Program and mental health support
* Charitable giving via payroll with company matching
* Arts & Culture corporate membership program and community volunteering opportunities
Bank of America is an equal opportunities employer and ensures that no applicant is subject to less favorable treatment on grounds including sex, race, religion, age, sexual orientation, disability or other protected characteristics. We encourage candidates to share any adjustment requirements during the recruitment process.
Seniority level
* Mid-Senior level
Employment type
* Full-time
Job function
* Management
Industries
* Strategic Management Services
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