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BACB is a UK bank that offers trade finance and investment expertise to clients in specialist markets, especially Africa and the Middle East.
We have been helping businesses with trade finance and complementary products for over half a century, focusing on trade flows to and from Africa and the Middle East as well as real estate in the UK.
Our in-depth knowledge of the countries and practices where our clients operate ensures that we put them first.
Additional Info
* Hybrid Working: 3 days onsite, 2 from home
* Location: City of London
* Contract Type: Permanent
Job Summary
Reporting to the Head of Prudential Regulation, the Head of Prudential Regulatory Reporting is responsible for the accurate, timely and complete regulatory and statistical reporting to the PRA and the Bank of England. Additionally, the Head of Prudential Regulatory Reporting supports the Head of Prudential Regulation in all matters related to the management of the BACB balance sheet in respect to capital, funding, and liquidity.
The Head of Prudential Regulatory Reporting provides input into the Finance change programme, collaborating with other areas in Finance. The Head of Prudential Regulatory Reporting will collaborate with the Head of Prudential Policy and Assurance to ensure that BACB adheres to and understands all regulatory rules, understands the related implications, and keeps up to date with any regulatory changes.
Key Work Outputs and Accountabilities
* Manage, motivate, mentor, and develop the Prudential Regulatory Reporting Team.
* Lead the preparation and submission of a full range of prudential and statistical reports to the PRA and BoE in a timely manner and to a high level of accuracy in accordance with the regulatory reporting timetable enabling sufficient time for review and challenge.
* Ensure that all relevant prudential and statistical regulatory governance, policies, frameworks, procedures, checklists, etc. are up to date, detailed, and effectively documented.
* Ensure that adequate controls are in place for the preparation of prudential and statistical regulatory reports, reviewing the work prepared by other members of the Prudential Regulation reporting team.
* Ensure up-to-date procedures are in place to evidence that all prudential and statistical regulatory reports are reconciled to the Bank’s books and records and are accompanied by relevant MI and a documented clear audit trail.
* Work with the Head of Prudential Policy and Assurance to understand upcoming regulatory changes and ensure that the Prudential Regulatory Reporting team is equipped to implement these either through change initiatives or larger projects and programs.
* Ensure that the Prudential Regulation team, systems, and processes are prepared to implement changes in template reporting and taxonomies.
* Escalate immediately to the Head of Prudential Regulation / Deputy CFO / CFO any concerns related to actual or projected capital, funding, and liquidity shortfall.
* Build and enhance the business partnership with the Treasury and GTB teams on new products, regulatory change, capital, and liquidity efficiencies.
* Ensure that new products or Bank-wide projects and initiatives are analysed for prudential and statistical regulatory reporting implications, are embedded in the Bank’s accounting systems, and that any software implementations are project managed effectively.
* Prepare and present papers and MI to working groups and/or committees.
* Undertake ad-hoc projects as requested by the CFO, Deputy CFO, or Head or Prudential Regulation.
* Build and maintain good relationships with internal stakeholders, in particular the Risk, Operations and Business areas.
Required Qualifications and Experience
* Minimum 6-8 years’ Prudential Regulatory reporting experience within a banking environment.
* Experience of leading a Prudential Regulatory Reporting Team.
* Preparation and submission of a full range of prudential and statistical reports to the PRA and BoE.
* Understanding of Trade Finance highly desirable.
* Qualified accountant.
* Advanced Microsoft Office skills with the ability to map data and create powerful reconciliations and MI.
* Proven communication skills – presenting to senior management and other stakeholders.
* Able to apply skills to wider issues within the Bank.
Seniority level
Director
Employment type
Full-time
Job function
Finance
Industries
Banking
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