Analyst - Group Capital Regulatory Reporting
- Employer
- Allegis Global Solutions
- Location
- London, United Kingdom
- Salary
- 0
- Closing date
- Dec 24, 2022
View more
- Job Function
- Accounting/Audit/Tax
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
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GCRR team has responsibility for reporting/disclosure requirements including COREP own funds, leverage, large exposures and Pillar 3. This is delivered by a team of ~10 in the UK and ~90 located in Global Business Service centres, mainly in Chennai and Bangalore. The team works closely with the Group Financial Reporting team and are key stakeholders in the quarterly disclosure process. The GCRR team designs and operates the control framework, identifies and raises change requests for Finance Change to action and perform user acceptance testing. The team works closely with many functions and global locations including Risk, Compliance, IT, Treasury, Financial Planning & Analytics, Investor Relations and country regulatory reporting/balance sheet management teams. They also handle regulatory liaison where necessary, including ad hoc internal and external requests.
This role of Analyst - Group Capital Regulatory Reporting Reports to the Regulatory Reporting Manager covering various aspects of BAU capital reporting team covering the Credit Risk, Counterparty Risk, Securitisation, Large Exposure parts of the COREP returns and associated disclosures, GSIB, QIS, Pillar 2 and Benchmarking. They would also evaluate the implementation of various CRR rules in the regulatory reporting and work on documenting the same with the fixes required to remediate any gaps.
Strategy
Work with the Regulatory Reporting Manager to evaluate the compliance of the returns submitted to the PRA as part of Common Reporting (COREP) with the CRR rules. COREP templates are required to be reported to the PRA every quarter within 30 working days and ECR every month within tight deadlines.
Contribute to the development and implementation of regulatory projects by working towards closer integration with other global and group regulatory reporting teams to deliver a best in class and sustainable regulatory reporting utility for the future.
Processes
Review of compliance of COREP Credit Risk, large exposures, and associated reporting with the CRR Rules.
Development and maintenance of controls and the control environment
Extensive use of Excel, SQL and MS Access for data extraction and analysis.
Prepare the list of system/process/data issues to be presented to Capital Data Quality Forum for remediation.
Participate on Moody's Risk Authority and Axiom User Acceptance Testing & Signoffs for system updates and new software releases.
Assist with ad-hoc queries relating to capital and regulatory reporting
Contribute to the bank's responses on Discussion and Consultation papers and Technical Standards on regulatory developments and changes from the Basel Committee, PRA and others.
Risk Management
Execute under the relevant Operational Risk Framework processes - Group Capital Regulatory Reporting.
Ensure a full understanding of the risk and control environment in area of responsibility to identify control gaps in the end-to-end regulatory reporting process within Finance.
Design or amend and implement suitable controls across the suite of regulatory capital metrics reported by Financial Regulatory Reporting.
This role of Analyst - Group Capital Regulatory Reporting Reports to the Regulatory Reporting Manager covering various aspects of BAU capital reporting team covering the Credit Risk, Counterparty Risk, Securitisation, Large Exposure parts of the COREP returns and associated disclosures, GSIB, QIS, Pillar 2 and Benchmarking. They would also evaluate the implementation of various CRR rules in the regulatory reporting and work on documenting the same with the fixes required to remediate any gaps.
Strategy
Work with the Regulatory Reporting Manager to evaluate the compliance of the returns submitted to the PRA as part of Common Reporting (COREP) with the CRR rules. COREP templates are required to be reported to the PRA every quarter within 30 working days and ECR every month within tight deadlines.
Contribute to the development and implementation of regulatory projects by working towards closer integration with other global and group regulatory reporting teams to deliver a best in class and sustainable regulatory reporting utility for the future.
Processes
Review of compliance of COREP Credit Risk, large exposures, and associated reporting with the CRR Rules.
Development and maintenance of controls and the control environment
Extensive use of Excel, SQL and MS Access for data extraction and analysis.
Prepare the list of system/process/data issues to be presented to Capital Data Quality Forum for remediation.
Participate on Moody's Risk Authority and Axiom User Acceptance Testing & Signoffs for system updates and new software releases.
Assist with ad-hoc queries relating to capital and regulatory reporting
Contribute to the bank's responses on Discussion and Consultation papers and Technical Standards on regulatory developments and changes from the Basel Committee, PRA and others.
Risk Management
Execute under the relevant Operational Risk Framework processes - Group Capital Regulatory Reporting.
Ensure a full understanding of the risk and control environment in area of responsibility to identify control gaps in the end-to-end regulatory reporting process within Finance.
Design or amend and implement suitable controls across the suite of regulatory capital metrics reported by Financial Regulatory Reporting.
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