Head of Regulatory

Description

Job Summary

Reporting to the deputy CFO, the Head of Regulatory is responsible for the accurate, timely and complete regulatory reporting and statistical reports to the PRA, FCA and the Bank of England. Additionally, the Head of Regulatory supports the deputy CFO in all matters from a Regulatory perspective related to the management of the BACB balance sheet in respect to capital, funding, and liquidity. The Head of Regulatory is also responsible for the implementation of relevant new regulatory requirements and will collaborate with the deputy CFO to ensure overall Regulatory governance is up to date as well as provide input into the Finance change programme and collaborate with other areas in Finance. This role is subject to the Certification regime.

Key Work Outputs Accountabilities

• Lead, direct, and establish strategic oversight of the Regulatory function in Finance.

• Select, manage, motivate, mentor, and develop team members particularly direct reports, Head of Regulatory Reporting and Head of Prudential Policy & Assurance.

• Build and enhance business partnership with CBO and team on new products, regulatory change and capital efficiencies.

• Build and maintain good relationships with internal stakeholders, in particular the Risk, Operations, Business areas.

• Ensure the control over regulatory reporting and work with Head of Prudential Policy & Assurance to ensure the annual cycle of control testing/assurance work to ensure accurate and complete reporting.

• Ensure adherence to the capital, funding, and liquidity management frameworks, for both BAU and under stress (limits, stress testing, planning, forecasting, ICAAP, ILAAP, etc.).

• Escalate immediately to the CFO/Deputy CFO any concerns related to actual or projected capital, funding, and liquidity shortfall.

• Ensure that all regulatory reports are reconciled to the Bank’s books and records and are accompanied by relevant MI and a documented clear audit trail.

• Understand upcoming regulatory changes and implement these either through change initiatives or larger projects and programmes (working with broader Finance or Bank wide Change Teams).

• Ensure sufficient time for review and challenge in accordance with the regulatory reporting timetable.

• Ensure overall Regulatory governance, policies, frameworks etc. are up to date.

• Ensure adequate controls and up-to-date detailed procedures over the regulatory processes are adequately documented.

• Ensure that the Regulatory team, systems, and processes are prepared to implement changes in template reporting and taxonomies.

• Ensure that new products or Bank-wide projects and initiatives are correctly evaluated for regulatory implications and are embedded in the Bank’s accounting systems.

• Undertake ad-hoc projects as requested by the CFO or the Deputy CFO.

• Prepare and present relevant papers to committees.

Required Qualifications and Experience

• At least 20 years’ prudential regulatory experience within Financial Services.

• Senior experience of managing a team.

• People skills at management level, comfortable communicating with all levels of stakeholders.

• Knowledge of FCA and PRA regulatory regime and ability to interpret new requirements.

• Advanced numeracy and computer literacy skills.

• Qualified Accountant desirable but not mandatory requirement.

• CFA desirable but not mandatory requirement