Regulatory Reporting Accountant

Kleinwort Hambros
 Jersey, Channel Islands       Permanent contract        Other job functions


Description of the Business Line or Department

Kleinwort Hambros (KH) is one of the leading private banks in the Channel Islands (CI) and has Bank & Trust operations in both Jersey and Guernsey with a further Trust business in Asia. The CI group has 378 staff across the Channel Islands.

The CI regulatory reporting manager reports into the CFO for SG Kleinwort Hambros Bank (CI) Ltd and operates from the Jersey office within the Channel Islands (CI) and is part of a team of 8 Finance staff covering the following functions:

·         Financial, Management, Regulatory and tax reporting;

  • Operational processes and Control; and
  • Accounts Payable/Scanning

This role is within a team of 2 which produces all the CI Banking regulatory returns for the JFSC, GFSC & PRA and forms part of the Kleinwort Hambros (KH) Finance (DFIN) department. The KH regulatory team consists of 2 team members in Jersey with a further 16 team members in the UK

Summary of the key purposes of the role

To ensure SGHBCI meets all its JFSC and GFSC reporting obligations and provide information to SGKH London to assist SG’s regulatory reporting to the Autorité de Controle Prudentiel (ACP)                                                                 

1.     Daily regulatory production and monitoring of internal and external regulatory limits

2.     Production of periodical Channel Islands regulatory returns and working part of the wider regulatory reporting function to provide support for the Consolidated reporting.

3.     Assisting in various regulatory reporting matters including ongoing review of static data

4.     Maintaining up-to-date regulatory procedures

5.     Contribution to internal regulatory projects and process improvements

6.     Liaison with the other functions namely wider Finance, Risk, Treasury, IT, Operations, etc

7.     Reduction of regulatory key-person operational risk

Summary of responsibilities

  • Responsible to produce daily regulatory limits information i.e. large exposures, liquidity coverage ratio and capital adequacy and escalate of issues together with working for remedial action.
  • Responsible for the accurate production and timely submission of all JFSC, GFSC & PRA regulatory returns for the Bank including variance analysis, commentary and ensuring compliance with internal control requirements.
  • Working closely with other teams (Treasury, Risk, Finance, Operations, IT, etc) to ensure all data used for the regulatory returns is fully reconciled and/or substantiated.
  • Assist in the investigation and preparation of replies to regulatory queries
  • Review processes for the Regulatory Reporting deliverables in order to identify and implement improvements to enhance controls and better utilise systems capabilities
  • Work with the Regulatory Reporting Manager to ensure that:

·         Emerging and existing issues are identified, communicated and escalated within the regulatory function and across the business, as appropriate

·         Regulatory policies, procedures and automation are aligned with all regulatory changes

  • Support the wider regulatory reporting team in London and provide all information required for Consolidation into Bank of England, PRA and wider group.
  • Ensuring periodic updates of all procedures and regulatory publications. Assisting the Regulatory Reporting manager in advising management on the impact of compliance with JFSC/GFSC regulations on existing or proposed business
  • Assisting with testing and implementation of projects related to regulatory reporting and wider Finance. Contribution to the annual refresh of liquidity behavioural adjustment data, periodic regulatory stress testing, new product developments and convergence with Group reporting tools
  • Responsible for the ongoing review and maintenance of financial and non-financial data which is compatible with the automated regulatory reporting system
  • Working with IT and software suppliers to keep regulatory software and processes up to date and in line with business developments
  • Provide leave of absence cover for the production of other deliverables within the department as appropriate in order to satisfy reporting and internal control framework requirements
  • Liaison with internal and external audit, if required
  • Working with the CTB area within the Regulatory Reporting team simplifying, streamlining and automations where appropriate

·       Performing all duties according with the principles outlined in the Code of Conduct, as well as the policies and procedures relevant to your responsibilities, to ensure that you adhere to a culture that treats clients fairly and focuses on the long term sustainability of client relationships

Profile Required



1.     Part or qualified accountant. Good understanding of double entry accounting and able to put together a Trial balance.

2.     Excellent systems skills particularly Excel skills

3.     A good level of understanding or a desire to learn and keep up-to-date with regulatory reporting standards and industry reporting requirements including JFSC and GFSC

Core Competencies

Role Competencies

Professionalism & Enterprise

Team Spirit & Collaboration

Innovation with Focus

Knowledge of legal regulatory and industry requirements

Knowledge of business processes, standards, policies and procedures

High degree of numeracy skills

Analytical Thinking

Change Management

Communication (Oral & Written)


Decision Making



Planning & Organising



·        Has worked in an accounting team and has a very good level of understanding of double entry accounting (required)

·         Advanced Excel skills, with experience of working reliably with large Excel data sets, including manipulation of data using complex Excel formulae

·         Advanced Olympic or equivalent banking systems experience, including a thorough understanding of the static data, the data architecture of banking systems and the relationship of this data and architecture to regulatory returns

·         Legal and regulatory comprehension and interpretation skills

·         Worked within Financial Services or as part of a Credit Institution


·         Part or qualified accountant. Good understanding of double entry accounting and able to put together a Trial balance.

Why Join Us

People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like “hard work” and “dedication” together with “community” and “respect” has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different.

Business Insight

If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Société Générale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender reassignment.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Job code: 20000CCA
Business unit: Kleinwort Hambros
Starting date: Immediate
Date of publication: 20/08/2020
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Regulatory Reporting Accountant

Permanent contract   |   Jersey   |   Other job functions