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The Financial Reporting and Controls team is responsible for effective financial management and stewardship of the detailed accounting records; general ledger & sub ledger reporting and control; as well as management of the external audit process. The team undertakes monthly & quarterly JGAAP & USGAAP reporting to Head Office; Regulatory Reporting to Prudential Regulation Authority (PRA) and Bank of England (BoE); Treasury Finance Reconciliation & Reporting; Reporting to the Bank of Japan; IFRS Governance and Reporting for Corporation Tax; and compliance with SOX Programme as governed by the Sarbanes-Oxley Act.
London Finance team also proactively support and mentor Finance departments of other EMEA units in areas of Accounting, Taxation and Internal Controls.
NUMBER OF DIRECT REPORTS
None
MAIN PURPOSE OF THE ROLE
* Responsible for the production and review of the regulatory reports under the remit of the Regulatory Reporting team in the Finance Department of MUFG Bank London branch.
* Preparation and review of JGAAP & USGAAP reports, monthly closing adjustments and controls in order to support the Bank to meet its regulatory and statutory reporting requirements.
KEY RESPONSIBILITIES
* Production and high quality review of monthly, quarterly and semi-annual regulatory returns to the Bank of England, PRA and FCA meeting all deadlines imposed by the external regulators.
* Testing of upgrades to our regulatory reporting system to enable continuous accurate reporting of all the returns. Working with technology to ensure any issues are resolved in a timely manner.
* Provide support to EGMD with the daily monitoring of the SMMD file and associated reconciliations. This will include a requirement to work outside of normal hours.
* Following a request from the FSCS/PRA for the submission of the SCV files, actively participate in the preparation of the information required to submit a response within the 24 hour deadline. Assist with the responses to any follow up questions raised and with the resolution of any issues.
* Presentation of a high level regulatory reporting summary to provide Senior Finance Management with details of all regulatory developments that impact the team and their potential effects.
* Review the monthly revenue analysis for front office divisions to ensure that their revenues and assets are reported correctly.
* Prepare and review JGAAP (Quarterly) and USGAAP (Semi-annual) returns for reporting to Head Office.
* Review and correction of Customer static attributes critical for regulatory and statutory reporting in conjunction with relevant stakeholders and act as a point of contact within the team regarding data quality.
* Maintenance and review of procedure documentation for processes performed within the Regulatory Reporting team to ensure that they are up to date and clearly written.
* Review of New Products and advise on Regulatory requirements.
* Additional duties as required to support the objectives of the Team, such as adhoc projects and initiatives as they arise.
WORK EXPERIENCE
* Qualified Accountant with a minimum of 3 year’s experience in banking/financial services within a Finance function.
SKILLS AND EXPERIENCE
Functional / Technical Competencies:
* Knowledge of the full suite of BoE statistical returns.
* Awareness of regulatory reporting obligations such as SCV, BOE SMMD and PRA Branch Return would be desirable but can be trained.
Education / Qualifications:
* Graduate & Professional Accounting qualification (ACA, ACCA, CIMA or equivalent).
PERSONAL REQUIREMENTS
* Results driven, with a strong sense of accountability.
* A proactive, motivated approach.
* The ability to operate with urgency and prioritise work accordingly.
* Strong decision making skills, the ability to demonstrate sound judgement.
* A structured and logical approach to work.
* A creative and innovative approach to work.
* Excellent interpersonal skills.
* The ability to manage large workloads and tight deadlines.
* Excellent attention to detail and accuracy.
* A calm approach, with the ability to perform well in a pressurised environment.
* Strong numerical skills.
* Demonstrate ability to work independently and within a team to support delivery of the teams responsibilities as a whole.
PERFORMANCE AND DUTIES
The role holder will be assessed in accordance with their employing entity’s performance framework and process with relevant input obtained from the dual hatting entity as relevant.
As duties and responsibilities change, the job description will be reviewed and amended in consultation with the role holder. The role holder will carry out other duties as are within the scope, spirit and purpose of the role as requested by their line manager or Department Head.
MANAGING CONFLICTS OF INTEREST
* The role holder will have responsibilities for both MUFG Bank (Primary responsibility) and MUFG Securities EMEA plc.
* The role holder will be required to perform their duties and responsibilities on an entity neutral basis, without favour.
* The role holder is required to follow regulatory requirements applicable to ensure each business is appropriately supported and to maintain the legal entity integrity of each of MUFG Bank and MUS.
* Working terms are dictated by functional mandates, the terms of the Dual-Hat Arrangement Agreement in place between MUFG Bank and MUFG Securities EMEA plc and any other relevant agreements entered into between MUFG Bank and MUFG Securities EMEA plc.
* The role holder will have responsibility for identifying and resolving where there may be a difference or conflict in needs between MUFG Bank and MUFG Securities EMEA plc, escalating to their manager where required.
We are open to considering flexible working requests in line with organisational requirements.
MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.
We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.
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