Our client a leader in the Financial Services Sector is currently looking to hire a Head of Regulatory Reporting. Excellent opportunity for the right candidate
Job title: Head of Regulatory Reporting
Responsibilities:
· Support the Head of Local Regulatory Reporting by supervising the production of
· reports to the Central Bank of Ireland, Central Statistics Office and all other
· Governmental bodies who are stakeholders of regulatory reporting information, on
· matters arising during and after the reporting periods on the designated reporting
· packages submitted under responsibility.
· Manage testing and implementation of software applications supporting regulatory
reporting.
· Collaborate in the implementation and roll-out of IT reporting solutions in
coordination with the Projects and Systems Teams in Finance Oxygen Platforms
(Madrid, Lisbon and all other locations) and ITO.
· Supervise the maintenance of logs on matters arising during the course of the
monthly financial reporting process and undertake the implementation of their
solutions in a timely manner.
· Participate in the performance and on-going enhancements to the daily financial
accounting control environment
· Manage the preparation and reporting of various additional or ad-hoc reporting
requirements to the Local Authorities in Ireland, Regional Finance, Head Office,
other regulatory bodies, local management on all matters related to local regulatory
reporting.
· Ensure procedures and processes that improve the overall performance of the
area are updated and implemented.
· Contribute to communication forums with the Head of Local Regulatory Reporting,
· CFO and Executive Management (CEO and COO) to inform the compliance with
regulatory reporting, identification of risks and opportunities to enhance the control
environment surrounding the production of regulatory reports.
· Actively participate and represent BNP Paribas in Industry Forums related to the
core of his/her activity
· Support the Head of Local Regulatory Reporting by participating in a Finance
· Regulatory Watch Committee with the objective to anticipate the deployment of
· new regulatory requirements impacting Finance.
Organization & Team: Ensure that the Local Regulatory Reporting Team is appropriately
organized and staffed with the correct profiles according to the Business needs of the Bank
and Entities under responsibility. Directly oversee the Staff Development, Training and
Succession planning.
Finance Projects & Systems: Within the scope of responsibilities, support the Head of
Local Regulatory Reporting in rolling out of the New Systems, Change of Organizational
setup, maintenance, and enhancement of Finance systems, etc. in strict liaison with the
Regional Finance Projects & Systems Team.
Procedures & Controls: Ensure that the Area’s procedures and controls are up to date
and current in accordance with BNP Paribas norms and standards.
Supports the Head of Local Regulatory Reporting in maintaining contact with
external authorities and stakeholders
In charge of correct reporting to the local National or Central Bank, or other
regulatory/government bodies
- Maintains regulatory watch of matters of potential impact to local finance
- All interactions with auditors, including follow up of recommendations, within the
scope of its responsibilities.
Skills required:
Educational background:
University degree in finance & accounting, economics or comparable background
Professional qualification ACCA or equivalent, beneficial
Minimum 5 years’ work experience in finance functions o/w minimum 3 years’
experience on regulatory reporting, in the financial sector covering all the activities
developed by BNP Paribas in Ireland which are under the scope of CIB Finance.
Background in audit is a plus
Professional proficiency in English is mandatory.
Essential specific requirements
· Compliance with the Central Bank regulatory requirements
· In-depth knowledge and understanding of generally accepted accounting
principles, IFRS, Irish GAAP, regulations and reporting specificities.
· Strong Corporate Banking product knowledge, products, services and their
profitability
· Strong understanding of financial and operational risk control requirements to
ensure that financial reporting systems in place are compliant and continuously
monitored
· Ability to learn new systems, agile reporting tools and products quickly
IT skills: capacity to use several of the following office tools in a proficient manner:
Microsoft Office (Excel, Word, PowerPoint, Access)