- Prepare and submit regulatory reports as required by local, national, and international regulatory authorities (e.g. PRA, FCA, SEC, EBA).
- Ensure compliance with all relevant regulations and deadlines for financial reporting.
- Manage quarterly and annual filings with regulatory bodies and work closely with auditors during external audits.
- Monitor and interpret updates to regulatory requirements, advising internal teams of any necessary changes or actions.
- Ensure Compliance with all relevant financial regulations and reporting requirements.
- Practice basic execution of back-to-basic principles in regulatory reporting
- Develop and maintain strong relationships with regulatory bodies and ensure timely submission of reports.
Data Analysis and Reconciliation: - Analyse and reconcile financial data to ensure accurate reporting and compliance.
- Ensure the accuracy and integrity of regulatory reporting data, identifying discrepancies and resolving issues promptly.
- Collaborate with cross-functional teams to gather necessary data and validate information used in reports.
Reporting Systems and Tools: - Use financial reporting tools, spreadsheets, and regulatory reporting platforms (e.g., Axiom, Excel, or proprietary systems) to generate reports.
- Recommend improvements to reporting systems and processes to enhance efficiency and accuracy.
Documentation and Record Keeping: -
Maintain comprehensive records of regulatory reports, communications with regulators, and internal approvals.
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Document procedures, controls, and methodologies related to regulatory reporting to ensure transparency and consistency.
Compliance Monitoring and Risk Management: - Support internal compliance reviews and risk assessments by providing accurate regulatory data and analysis.
- Assist in identifying potential compliance risks and areas for improvement in reporting processes.
- Stay up-to-date on changes in regulations and industry best practices related to regulatory reporting.
Stakeholder Liaison: - Liaise with internal stakeholders such as Finance, Legal, and Risk departments to gather information and ensure consistent compliance with regulatory requirements.
- Coordinate with external auditors, regulatory bodies, and consultants on reporting requirements.
Continuous Improvement: - Identify opportunities to streamline reporting processes and improve efficiency.
- Participate in cross-departmental projects related to regulatory reporting and compliance.
Knowledge: - Proficiency in Microsoft Office Suite (Word, Excel, Project, PowerPoint).
- Ability to use pivot tables and work with advanced statistical databases and methods.
- Familiarity with AML issues concerning onboarding new customers.
- Knowledge of FICA processes, ABC policies, AML policies, PEP policies, RMCP models, and FATCA policies.
Skills & Qualifications:
Education: -
Bachelor’s degree in Finance, Accounting, Law, Business, Economics, or a related field.
Experience: -
2-4 years of experience in regulatory reporting, financial reporting, or compliance, preferably in the banking, insurance, or financial services sectors.
- Experience with basic regulatory frameworks.
Skills: - Strong analytical skills and attention to detail.
- Excellent knowledge of financial regulations and reporting requirements.
- Proficiency in Microsoft Excel and other reporting tools (e.g., Access, Power BI).
- Ability to work under pressure and meet tight deadlines.
- Strong communication skills, with the ability to liaise with both internal and external stakeholders.
- Problem-solving skills and ability to identify areas for process improvement.
- Knowledge of accounting principles and financial statements.
Personal Attributes: - Detail-Oriented: Meticulous attention to detail with a strong focus on accuracy.
- Organized: Ability to manage multiple tasks, prioritize effectively, and meet deadlines.
- Team Player: Able to collaborate and communicate effectively across teams.
- Proactive: Strong initiative to identify potential issues and recommend improvements.
- Adaptable: Comfortable in a fast-paced environment with changing regulations and priorities.
Other Mandatory Requirements: - Attention to detail and error mitigation.
- Strong work ethic.
- Proficient time management skills.
- Flexibility to work overtime as required.
- Ability to multi-task and handle several projects simultaneously.
- Reliable transport as this is a work from office role.
Desired Skills:
- Reporting
- FICA
- AML
- RMCP Policies
- FATCA Policies
- Regulatory Reporting
Desired Work Experience:
- 2 to 5 years
Desired Qualification Level:
- Degree