iXBRL Reporting Policy Analyst 2-year Fixed- Term Contract

Job Description

Are you interested in a role where you can help shape the approach to iXBRL submissions in regulatory reportingSalary: London ranging from £53,300 to £70,000 per annum- 25 days holiday per year plus bank holidays- Private healthcare with Bupa - A non-contributory Pension of at least 8% of basic salary each month (there are several contribution levels that increase depending on your age - up to 12% a month once you reach age 35) - Life assurance of eight times your basic salary - Income protection - Hybrid (40/60)The team/department The role sits within a small team that provides support to the Market Oversight (MO) Directorate. This team helps identify and deliver technical improvements that help the division meet its outcomes and improves the experience for investors and the companieswe interact with. Its work is strategic, innovative and transformational in its nature.The vacancy in this team is for a senior associate to support work on IXBRL (inline eXtensible Business Reporting Language) structured reporting with a particular focus on working with stakeholders to develop UK taxonomies, policy and rules.What you will be doing (the role):The world of financial reporting is changing with the advent of digital filing of Annual Financial Reports (AFRs) in a structured iXBRL format. Companies that issue securities are required to use this technology and apply digital metadata tags to the informationin the reports using a defined taxonomy of possible tags. This means the data in their reports can be identified, extracted, compared and analysed more efficiently. The technology has the potential to significantly improve the efficiency of capital markets. Our strategy seeks to develop its rules on structured reporting and exploit the information to improve future compliance and to detect problems. This aligns with its role of being a forward-looking proactive regulator which includes taking advantage of dataand technology to increase our ability to act decisively. Working alongside a colleague and in collaboration with internal and external stakeholders you will have responsibility for:* Developing an approach for evolving UK taxonomies for AFRs that keep pace with internationally adopted standards and developments* Leading work to deliver the necessary policy, rule and guidance changes* Working with the FRC and other stakeholders to agree and implement a process for the delivery and updating of taxonomies* Leading work to consider and develop structured formats for other types of reports and disclosures* Supporting work to liaise with the FRC and other stakeholders at a UK and international level to collaborate and understand wider developments in iXBRL and digital reporting* Supporting work to improve data quality and measurement of outcomesThe skills and experience you will have:* Experience of iXBRL/taxonomies and/or developing policy/rules* Experience of financial reporting - for example, compiling, assessing or validating annual financial reports* An interest in data analysis* Experience of assessing complex information and drawing relevant conclusions* Excellent communication skills and the ability to convey complex messages simply and succinctly* Experience of managing relationships with internal and external stakeholders* A proactive can-do attitude with the ability to work under pressure