Description
Job Purpose
Key role to build up FSA regulatory knowledge in Group Finance
Part of strategy to develop a very strong management layer within the FSA team
To produce group prudential returns for the FSA, focusing on RWA data, monitoring compliance with prudential requirements and limits. To facilitate the best use of capital capacity.
To develop a change strategy for the Regulatory area - in addition to production tasks, taking responsibility for system and process improvements for the team
As a result, responsibilities are split between regulatory production and change
To share knowledge with other parts of the group.
To respond to supervisory initiatives and change.
The role entails working in a Matrix environment.
Main Accountabilities and approximate time split
Reporting - 35%
Co-ordinate resources from other areas of the Group, plan and manage the timetable of data collection, consolidation and review to ensure that FSA deadlines are met - failure to comply would result in a public fine with consequent reputational damage.
Produce Capital Adequacy and related returns together with supporting analytical material as agreed. There is a strong focus on quality and a need to work to tight deadlines.
Produce Capital Adequacy information to be included in Results Announcement and Annual Report
Review and challenge data, generate and follow up on queries.
Source exposure information for inclusion in Large Exposures Reporting and manage completion of the return
Responding to Supervisory Change 25%
Development of Regulatory department change strategy - reviewing future rule changes to determine impact on regulatory reporting
Liaise closely with senior management and regulatory policy to determine department strategy
Completion of projects to ensure that changes resulting from the regulatory changes are correctly implemented
Systems and Process - 25%
Provide business input and conduct User Acceptance Testing for all relevant regulatory aspects of SAP/SAS systems. This will include functional specifications and change requests.
Change processes as Business and Supervisory requirements evolve; maintain process maps and procedures manual in accordance with Group Controls/Compliance requirements.
Maintain relevant documentation for Sarbanes Oxley process.
Sharing knowledge and Expert Advice - 15%
Maintain guidance documents and respond to questions from business units.
Provide expert advice on the regulatory implications of specific large value and complex transactions as an authoritative reference point for staff at all levels including Senior Management to ensure that large and complex transactions have been correctly reflected in the Capital Adequacy return.
Technical Skills/Competencies
1 Communication/Influence
Speaks and writes clearly and concisely - keeps to the point
Expresses thoughts and ideas in a structured and logical way
Listens actively
Says what they mean - open, honest, warm and personable
Uses appropriate body language
2 Relationship/Partnership approach
Builds strong internal and external relationships
Seeks out and values different knowledge, information and approaches
Explicitly seeks to understand and support the goals and objectives of others. Removes duplicated effort
Builds bridges where none previously existed; supports others to push back boundaries
3 Teambuilding/team player
Demonstrates and demands personal commitment to team goals
Personally recognises effort and success
Provides high quality feedback within the team to improve team performance
Open to new members, other teams and shared, wider team goals
Treats others with courtesy and understanding; remains friendly and approachable
4 Technical Skills & Knowledge
Has the core technical knowledge and skills
Understands legal and company regulations and standards
Shows broad business knowledge and business literacy
5 Decision Making
Identifies key info/data needed to support decision
Spots patterns in data, and recognises reasons and implications
Balances own intuition, supported by evidence
6 Quality, High Standards & Controls
Meets quality, speed and cost standards, even in times of organisation change
Gets things consistently right first time, takes pride in their work
Pays attention to detail; ties up loose ends, sticks to relevant procedures
Challenges previously acceptable standards
Knowledge and Expertise (relating to specialist knowledge and expertise required to undertake the role. May include knowledge of the Bank's products, services and policies)
Essential
Graduate, qualified accountant with good technical skills
Broad knowledge of the FSA Capital Adequacy regime and experience in preparing prudential returns.
Broad knowledge of banking business and products.
Broad knowledge of consolidation.
Intermediate Microsoft Office skills
Experience, qualifications and other requirements specific to the role
Essential
Satisfies the FSA criteria for an approved person, both initially and ongoing
Managing the production of reports to strict deadlines.
Experience of delivering process efficiency
Experience of Regulatory Reporting in a comparable organisation
Maintaining absolute levels of honesty and integrity
Exposure to Senior Management
Preferred
Exposure to blue chip or financial services organisation
Aston Carter Ltd is acting as an Employment Business in relation to this vacancy.