Regulatory Reporting Specialist

Location Manchester
Discipline: Retail Banking
Job type: Permanent
Contact name: Ghislaine Aldred

Contact email: Careers@co-operativebank.co.uk
Job ref: 013342
Published: 23 days ago

Regulatory Reporting Specialist 

Remote/Manchester

Band C - £35K - £46.4K

35hrs per week 

 

2022 has already been a milestone year for The Co-operative Bank celebrating 150 years of ethical banking in which we have delivered against the ambitious turnaround plan set three years ago to elevate the financial strength and stability of the Bank.

 

These results demonstrate that our leading position on ethical and social matters is not only good for our communities, but also delivers strong commercial outcomes. As ethics and sustainability become increasingly important to consumers, now more than ever, there is an important role for an ethical bank like us in the market place.

 

We are longstanding advocates of hybrid and flexible working and offer remote working in roles that allow, with the opportunity to spend 1-2 days in the office where desired.

 

The role:

 

As a Regulatory Reporting Specialist, you will be responsible for the accurate and timely preparation of regulatory returns to the Bank’s regulators; including CoRep and FinRep to the PRA, statistical reporting returns to the Bank of England, and other Finance related returns to the PRA and FCA.

 

As one of the smaller banks, this role is an excellent opportunity for direct exposure to our key stakeholders and a chance to be part of our growth journey in 2022.

 

Key Accountabilities:

  • You will support the Regulatory Reporting Lead to ensure internal controls relating to regulatory reporting are embedded and that risks are identified and appropriately managed.
  • Prepare accurate and timely returns for submission to the regulator, and be able to demonstrate understanding and rationale for figures as part of review process.
  • You will help facilitate delivery of regulatory reporting change ensuring interpretation is in-line with the regulatory requirements, and work with key stake holders to implement regulatory change.
  • You will have the opportunity to develop relationships with key stakeholders in the Finance, Risk and wider business to develop a robust understanding of the Bank’s balance sheet and risk profile.
  • Scope of reporting requirements includes but is not limited to: CoRep and FinRep quarterly returns, Bank of England (BoE) monthly and quarterly statistical returns, and new finance regulatory returns that are required by the Bank’s regulators

Knowledge, Skills and Experience Required:

 

*       Previous experience of Financial Services and knowledge of the industry’s accounting standards and regulatory framework.

*       Ideally part or fully qualified Accountant.

*       Specific knowledge of one or more of CoRep, FinRep or Bank of England reporting preferred.

*       Understanding of regulatory rulebooks including CRR and the PRA rulebook.

  • Excellent communication skills and collaborative approach / team-player.
  • Experience of liaising with management, across teams and functions and being a key person in a high performing team.
  • Advanced Excel skills, proficiency in MS Word, and PowerPoint.
  • Knowledge of regulatory reporting systems (including RegData, BEEDS, XBRL solutions) preferred but not essential.

 What You Can Expect From Us:

 

*       Flexible and remote working

*       27 days holiday, plus opportunity to buy 5 extra days

  • Competitive pension / income protection / life assurance

*       Positive, friendly work culture that promotes work life balance

*       Commitment from employers on continued learning & development

*       Wellbeing support ‘Help@Hand’ offers mental health support, physiotherapy, GP’s for both you and your family.

  • 2 paid days for volunteering per year
  • ‘MyReward’ corporate discount for over 800 retailers and Cycle to Work Scheme.  
  • Family friendly policies and supportive working environment
  • Recognition scheme and a culture in which we celebrate success 
  • Colleague network groups committed to inclusion and diversity within our Bank.

 

Our Bank is committed to continuing to create a diverse workforce and an inclusive environment where all colleagues can fulfil their potential. We welcome applications from talented individuals from all backgrounds and lifestyles who can work with us in maintaining a culture of belonging, where people are valued and respected.

 

If you require more information or this document in a different format, please contact careers@co-operativebank.co.uk  

 

As a reputable employer regulated by the Financial Conduct Authority, all offers of employment for this role are subject to a series of background checks, including criminal (DBS) and financial checks.