First Abu Dhabi Bank (FAB)
Specialist Financial & Regulatory Reporting
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JOB PURPOSE:
The role holder is primarily responsible for:
- All London Regulatory Reporting requirements to the UK PRA / Bank of England, FCA and CB UAE
- Maintaining and monitoring an annual tracker of all Reg Reports and tax issued by UK Finance department
The role holder will be required to support the broader UK Finance goals and segregation of duty requirements as directed by their line manager.
Regulatory Reporting
This encompasses all reporting requirements to:
- PRA (Bank of England)
- FCA
- CB UAE
- ONS
Ensure that all Group and UK Regulatory reporting requirements to all internal and external recipients are both accurate and delivered on time.
- Manage, maintain and develop UK Regulatory reporting software.
- Advisor to businesses for new/ existing products, processes and business arrangements relating to regulatory reporting compliance whilst ensuring all key information is captured for Regulatory reporting purposes.
Key Accountabilities
Regulatory Reporting
- Preparing/Reviewing all regulatory returns in compliance with the local and Group Central Bank and/or Regulators guidelines ensuring:
- Reports are accurate and submitted no later than the due date.
- Allow adequate time for review and (any) correction prior to submission.
- Returns are fully referenced, reconciled within themselves and to the General Ledger.
- Explanations are provided for any key period on period movements and/or unusual items.
- Respond to any variance questions from UK Regulators.
- Prepare Ad Hoc reports requested from HO associated with CB UAE requests.
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The role holder must have the requisite knowledge to meet UK and First Abu Dhabi Bank regulatory reporting requirements. This requires job holder to:
- Keep up to date with all changes to the UK regulatory reporting environment advising seniors of new requirements with a full impact assessment.
- Perform an ongoing review of all key static data.
- Plan (act as project manager) for all changes to ensure they can be delivered ahead of any new reporting requirement.
- Recommend any training programs, courses etc necessary to ensure responsibilities can be met.
For CASS Reporting the role holder will support the Accountable CASS Officer (currently CFO).
- Preparing annual CASS questionnaires for UK Customers.
For Daily SONIA reporting the role holder will be a member of the reporting team.
- Ensuring accuracy of any regulatory static data (BoE codes etc) and W8BNE Form questions associated with new customers.
Systems & Models
- Ensure the maintenance of the Regnology reporting system and keep up to date with changes proposed by the supplier.
- Ensure full compliance with the Groups Manual Journal policy.
- Suggest, manage and drive agreed enhancements to regulatory reporting systems. Manage (& execute) implementation of any new systems or models including documentation of business requirements and user acceptance testing.
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Qualifications & Experience
Appropriate experience, skill and cultural fit are more critical than formal qualifications. It should be noted that the lack of formal qualifications can act as a barrier to promotion as senior roles often demand this.
- Minimum 3 years of core post qualification experience in banking / finance sector performing relevant financial regulatory activities within a finance function.
- Previous experience regarding the statistical returns including Branch, PL Return, BT, BE, AD, AL, CA, CC, CL, EL, Fees and Levies. Please note no ICAAP or ILAAP reporting requirements.
- University Degree in Finance / Accounting or a relevant subject.
- A professional accounting qualification (e.g., ACA, CPA, CA, ACCA or equivalent).
- Systems knowledge – High level of Excel expertise, well versed with MS Office. Knowledge of Agile Reporter by Regnology or similar reg reporting system a strong advantage.
- Record of delivery and enhancement to processes and procedures.
- Possesses strong presentation and managerial & communication skills.
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