Summary
Capital Management and Regulatory Reporting Capital Management and Regulatory Reporting has three key activities, all of which also
serve the Treasury function to a greater or lesser extent.
TCM Reporting and Stress Testing is responsible for the calculation and reporting of the Bank's capital and liquidity positions as well as all prudential returns to the PRA and Bank of England covering capital, liquidity, large exposures, leverage, NSFR, asset encumbrance and a range of statistical returns, as well as various internal MI packs (ALCO, TCM/GM meetings and inputs into various Board papers). Governance of all local reporting requirements is exercised via the quarterly RegGov forum.
The function is also responsible for the provision of regulatory information to ICBC Head Office ALM, MID and Risk Management departments in Beijing for their consumption and to support onwards submission of returns to the Chinese regulator (NAFR).
Budgeting, forecasting and stress testing encompasses the monitoring and management of capital supply and demand over the planning horizon, and parameterising and running periodic stress tests to assess the firm's capital and liquidity position under severe but plausible market scenarios.
TCM Control and Change assumes ownership of all capital and liquidity reporting systems with responsibility for RTB and CTB change management of these systems. This includes management and prioritisation of IT resource and release cycles to deliver regulatory driven system changes and accommodate new business activities (i.e. NPSTAC support).
The function also owns and manages the wider control framework within TCM, including designing reconciliations, spot check and deep dive reviews, maintenance of Business Operating Model and Control Framework documents, Key Risk/Control Indicator monitoring (KRI/KCI), input into the RCSA process and audit management.
TCM Policy and Business Liaison is responsible for liquidity and capital related regulatory policy adherence for the Group across all pillars, including identifying regulatory changes concerning liquidity and capital, the production of key annual documents including ICAAP, ILAAP, RRP and SWDP, managing the Contingency Escalation frameworks and supporting the business on capital and liquidity optimisation and business initiatives (at times undertaking cross-Finance co-ordination).
The function represents the Capital Management/Reg Reporting and Treasury teams in NPSTAC discussions, advising on the capital and liquidity impacts of new trade types or specific structures and subsequently working with TCM Control and Change and TCM Reporting to ensure the structure is understood and any necessary system enhancements are implemented. It is also responsible for representation of the firm at industry forums.
Job Purpose
This is a key role within the TCM Reporting team, with a focus on the calculation, analysis and reporting of the firm's funding, balance sheet and liquidity position for use by internal and external stakeholders.
Key strategic objectives are:
1. All key regulatory calculations performed in line with regulatory rulebook.
2. Delivery of regulatory information within the firm that is timely, accurate and relevant to the needs of business and management.
3. Completion of regulatory returns to the PRA and NFRA in line with requirements, supported by robust review processes.
4. Develop and maintain a strong relationship with the Head Office Asset & Lialbility Management
5. Ongoing review and challenge of all key data attributes and processes that support the calculation and reporting of the firm's capital, liquidity and balance sheet position.
6. Close working relationship with departments across the Bank (including Financial Reporting, Risk, Front Office and IT) to support new business initiatives and regulatory developments.
7. Review and strengthen the control environment surrounding TCM reporting requirements
8. Ability to support bank-wide change initiatives and deliver against regulator-driven change
Key Responsibilities
9. Day to day contribution to one area of the TCM Reporting team
10. Preparation of core NSFR, Asset Encumbrance and IRRBB calculations and associated daily MI reports, as well as assisting with regulatory liquidity
calculations and reporting
11. Responsibility for all prudential returns to the EBA and PRA covering NSFR, Asset Encumbrance and IRRBB, as well as assisting with liquidity
12. Responsibility for weekly/monthly/quarterly returns to ICBC Head Office
13. Support production of Annual Financial Statements, ICAAP, ILAAP and Pillar 3 documents through timely provision of information for the year-end reporting cycle
14. Support preparedness for new regulations through stakeholder involvement in projects and policy discussions
15. Promotion of integration within TCM Reporting team and helping management to facilitate staff rotations, Apprentice Levy & Graduate schemes
16. Ensure high standards of controls are met and maintained in line with Dear CEO principles
17. Participation in new product approval process to ensure balance sheet and liquidity processes accurately reflect new business activity
18. Representing the function in key discussions with stakeholders across the Bank
Preferred Qualifications and Experience
19. Previous experience working in Financial Services
20. Financial instrument knowledge
21. Microsoft Office application knowledge (Excel, PowerPoint, Access)
Suitabiliy for the role
The role would suit someone who:
22. Prefers a day to day role with a set schedule and relatively stable workload
23. Prefers working in a controlled environment and operating in accordance with agreed policies and procedures
24. Has an affinity for accounting concepts
25. Is a good communicator and enjoys working collaboratively across a range of stakeholders in a multicultural environment
26. Is self-driven and has a natural curiosity and desire to learn
27. Is organised and can prioritise and attend to a number of tasks at one given time
28. Emphasises great attention to detail
29. Has good problem solving/analytical skills
30. wants to fully understand end to end processes and proactive in following up on and resolving any issues
The role would not suit someone who:
31. Prefers a role with a very varied workload and a more flexible schedule
32. Wants to express their creativity and prefers to innovate rather than following set processes
33. Prefers to work independently and has difficulty working in a team
34. Has difficulty working in a traditional hierarchy