Regulatory Reporting Accountant

Posted 19 April 2024
Salary £30000 - £35000 per annum + Study support, gym, medical cover
LocationCity of London
Job type Permanent
Discipline Accounting & Finance
ReferenceRRA_1713534156
Contact NameJessica Bambridge

Job description

KennedyPearce are working with a Financial Services firm based in the City who are looking to recruit a Regulatory Reporting Accountant to join their team. This is a hybrid role paying between £30-35K.

The Role: Our client is looking for a Regulatory Reporting Accountant- EMEA West (UK, Jersey, Middle East, and South Africa) to join our UK-based finance team. This role supports the Financial Accountant in regulatory reporting and contributes to our regulated businesses in the region. The Regulatory Reporting Accountant will assist in tasks related to compliance with regulatory and statutory reporting requirements in the relevant jurisdictions. This includes helping prepare financial reports for regulatory bodies and supporting the statutory audit process.

This role is an excellent opportunity to gain experience in financial regulatory reporting and to work closely with experienced finance professionals. The position is based in our London office with a hybrid working arrangement.

Responsibilities:

  • Play a key role in managing statutory reporting process, including audits and external tax filings.
  • Partner with the internal CASS team for operational issues and supporting CASS audit.
  • Assist in preparing and maintaining cash flow reports to ensure compliance with regulatory requirements and operational needs of the business.
  • Support operational teams with any finance related queries.
  • Help in executing financial reporting submissions to local regulatory bodies in relevant jurisdictions
  • Collaborate with the compliance team to meet regulatory reporting requirements and address compliance-related issues.
  • Participate in preparing materials for regulated entities' board meetings.
  • Support in modelling regulatory and liquid capital, wind-down scenarios, and stress tests for regulated entities.
  • Help maintain the financial risk register for presentation to the legal entity board of directors.
  • Assist the Controllership and Shared Services team in monitoring the accuracy of financial statements for the regulated entity structure.
  • Contribute to identifying and implementing improvements in regulatory reporting processes.
  • Stay informed about local and international regulations impacting financial reporting requirements.

Requirements:

  • A degree in Accounting, Finance, or a related field; part-qualification in ACA, ACCA, CIMA, or equivalent is desirable.
  • Some experience or strong interest in financial reporting and managing statutory audits
  • Basic understanding of FCA reporting requirements and regulatory processes.
  • Detail-oriented and motivated individual with a willingness to learn and manage tasks effectively.
  • Good communication skills and the ability to work well in a team.
  • Knowledge of local UK GAAP / IFRS; familiarity with US-GAAP is a plus.
  • Experience with or willingness to learn Oracle Financial Systems and Hyperion Financial Management.
  • Eagerness to work in a dynamic, fast-paced environment and to grow within the finance function.

Benefits:

  • Pension matching 2:1 up to max 9%
  • 25 days holiday and every 4 years get 1 month paid sabbatical
  • 2 volunteer days
  • Gym pass, educational stipend
  • Medical and life insurance