Regulatory Reporting Manager


 Jersey - Great Britain       Permanent contract        Other job functions

Responsibilities

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)                                           

·         Daily regulatory administration

·         Daily regulatory production and monitoring of large exposures & LCR (Liquidity Coverage Ratio)

·         Production of daily, monthly and quarterly Channel Islands regulatory returns via new AgileREPORTER tool by Vermeg including:

o    Daily large exposures

o    Daily LCR Liquidity

o    Bank of England MA1 returns

o    Quarterly JFSC Basel III & GFSC Basel II reporting

·         Responsibility for the review and control of regulatory static data in Olympic

·         Ownership of regulatory procedures

·         Liaison with the financial control function

·         Liaison with the Risk function

·         Contribution to internal regulatory projects

·         Reduction of regulatory key-person operational risk

Summary of responsibilities

  • Responsible for the accurate production and timely submission of all JFSC, GFSC & PRA regulatory returns for the Bank

  • Daily monitoring of the Bank’s business in relation to regulatory limits, including capital adequacy, large exposures, liquidity and large depositors

  • Responsible for ensuring regulatory breaches are appropriately communicated & documented internally to management, Compliance and regulators in line with established procedures

  • Responsible for monitoring regulatory compliance with GFSC & JFSC guidelines & codes of practice, liaison with regulators, production of related management information and responding to change

  • Responsible for monthly reporting to SG Kleinwort Hambros group to assist with reporting to SG Paris

  • Responsible for advising management on the impact of compliance with JFSC and GFSC regulations on existing or proposed business

  • Liaison with Banking Operations, MKS and Risk to ensure accurate recording and coding of data for Financial Control

  • Monitoring regulatory developments and maintaining & developing regulatory knowledge to ensure that:

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

o    Regulatory policies, procedures and automations are aligned with all requisite regulatory changes

  • Contribution to internal regulatory projects, including the annual refresh of liquidity behavioural adjustment data, ICAAP, periodic regulatory stress testing, new product developments and automation of Channel Islands regulatory returns

  • Liaison with internal and external audit, as required

  • Attendance at internal committee meetings, as required

  • Working with IT and software suppliers to keep regulatory software and processes up to date and in line with business developments

  • Responsible for the submission of concession limit application forms

  • Manage regulatory accountant

Level of Autonomy and Authority

The job holder will have authority to discuss regulatory matters internally with in the Bank’s internal committees. Discuss matters with the regulator (subject to approval) and submit returns to the regulator after receiving approval from the CFO and directors


All our positions are open to people with disabilities

Profile Required

Competencies

Core Competencies

  • Professionalism & Enterprise

  • Team Spirit & Collaboration

  • Innovation with Focus

  • Knowledge of legal regulatory and industry requirements

  • Knowledge of business processes, standards, policies and procedures

Role Competencies

  • Analytical Thinking

  • Change Management

  • Communication (Oral & Written)

  • Counselling

  • Decision Making

  • Influencing

  • Numeracy

  • Planning & Organising

  • Project Management

  • Reliability

  • Strategic & Commercial Awareness

Management/Supervisory Role

  • Budgeting and Cost Control

  • Management Skills

  • Sensitivity

  • Team Building

Necessary

  • Qualified accountant, with Big 4 audit experience

  • 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

Desirable

  • 2 years’ recent regulatory experience, including regulatory audit experience

  • Financial & statutory accounting experience


Why Join Us

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 Societe Generale, 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.



Business Insight

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.



Job code: 19000NJS
Business unit: Kleinwort Hambros
Starting date: 23/09/2019
Date of publication: 03/09/2019
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Regulatory Reporting Manager

Permanent contract   |   Jersey - Great Britain   |   Other job functions