Head of Financial Reporting and Regulatory Reporting

Job Description

Job Summary London Temporary BBBH779999 Apr 15, 2021 £600 - £700 pd Job Description My client an international SME Bank are looking for a talented Head of Financial Reporting and Regulatory Reporting to join the team on a temp to perm basis. Purpose of the Role To be the key driver of developmental work arising from financial and regulatory reporting change. Providing support for the department in all matters relating to accounting standards and regulatory reporting requirements. DUTIES AND RESPONSIBILITIES: Team Leadership Manage & develop a team of 3 staff members. Create a high performance team culture Ensure all team members have personal development plans, clear annual performance goals and provided with clear, candid and fair feedback. Ensure all the financial, regulatory and internal deadlines are met. Financial Statements, Technical Expertise & Controllership To be the subject matter expert on all accounting policies, standards and regulatory reporting obligations that apply to the bank. Provide technical guidance to the front office/business up to senior management level on all matters relating to accounting standards and regulatory reporting. Implement policies and procedures to manage the production of high quality statutory financial and regulatory deliverables to both internal and external stakeholders in compliance with IFRS and regulatory reporting requirements. Day to day management of the annual statutory audit of the bank; and continuously liaise with the external auditors and senior management to ensure that bottlenecks during the audit process are minimized and that the Group finance, the bank board, regulatory and Companies House reporting deadlines are met. Coordinate the external audit for other entities including investment funds. Preparation of the statutory accounts for various Group entities Preparation of the banks regulatory returns on a semi-annual basis . Maintenance of detailed knowledge of IASB project developments, emerging interpretation and best practice. To assist in the maintenance and review of procedure documentation for processes performed within the Finance function to ensure continuing relevance, maximise efficiency and mitigate operational risk. To be familiar with and contribute to the departments Operational Risk and Control-self assessments. Payment authoriser for the weekly payment run. Leading the process and assisting the tax advisors in KSA in claiming the withholding tax refund. Prepare the monthly CFO report for CFOs review. Other monthly tasks such as preparation of overall proofs and recs, review of proofs prepared by the other teams and report the GL proofs to the group. Coordinate with the Insurance brokers and Group team to complete the Insurance documentation. To undertake individual responsibilities included in the Departments Business Continuity plan. Regulatory Compliance Provide an oversight on the regulatory reporting process and perform a second review of all the regulatory returns for the bank and Branch before submission to the regulator. Assist the Regulatory reporting manager in the implementation and subsequent reporting of new regulatory returns. Work in collaboration with Risk team in the preparation of ICAAP, ILAAP and RRP and assist in providing the financial, capital and liquidity data to the Risk department for inclusion in the prudential documents. Work on enhancements to be implemented as mentioned in the prudential documents. Respond to the regulators queries on the prudential documents. Review Pillar III disclosures including schedules within required timescales and once in place oversee the production and publication of the document. Group Liaison Respond to technical queries from the Group finance. Involved in the Banks month end and quarterly process by booking adjustments and reviewing the P&L for the month on a monthly basis before it is circulated to the senior management and provide an effective challenge (if required). Requirements Qualified Accountant ACA/ACCA/CIMA A minimum of 10 years post qualified accounting experience within Banking with strong technical knowledge and exposure to IFRS and FRS and CRR. Also a good understanding of a Treasury function and experience of PRA and FCA returns (ideally LCR, COREP returns). PRA 110, NSFR, ALMM. ICAAP, ILAAP and RRP experience would be a further advantage. If you feel you are the right talented Head of Financial Reporting and Regulatory Reporting then please apply here! Morgan McKinley is acting as an Employment Agency and references to pay rates are indicative. BY APPLYING FOR THIS ROLE YOU ARE AGREEING TO OUR TERMS OF SERVICE WHICH TOGETHER WITH OUR PRIVACY STATEMENT GOVERN YOUR USE OF MORGAN MCKINLEY SERVICES.