Regulatory Reporting Quality Assurance Associate

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GENERAL JOB DESCRIPTION

Our client is currently looking for a Regulatory Reporting Quality Assurance Associate (RRQA) who will be responsible for performing activities related to Basel validation programs and quality assurance over UK regulatory reporting.  The Regulatory Reporting Quality Assurance Associate will be based in Glasgow and will work to promote completeness, accuracy and validity of regulatory reporting data quality by independently validating Basel III processes and controls from transaction capture through to regulatory reporting.  Products subject to review may include derivatives, secured financing transactions, loans, securitizations, debt and equity.
 
ABOUT OUR CLIENT
 
Our client is an Investment Bank with a world-class reputation for quality and service.  The talent and passion of its people has been critical to its ongoing success.  The company provides a strong foundation for building a professional career – a place for people to learn, to achieve and to grow, sharing a common set of values rooted in integrity, excellence and a strong team ethic.
 
THE SUCCESSFUL APPLICANT
 
Essential:
  • Prior experience in a line role or supporting a finance or reporting function
  • Qualified Accountant
  • Ability to organize and present data in a meaningful way, including analysing and summarizing detailed information from various sources
  • Strong written, communication, and presentation skills, including the ability to liaise with and influence senior subject matter experts
  • Strong quantitative and qualitative analytical skills
  • Ability to multi-task, adapt, and work well under pressure
  • Ability to work within a team and to collaborate with peers and leadership to create effective solutions to validation issues
  • Ability to create and manage detailed project plans including managing interdependencies
  • Advanced Excel, Word, and PowerPoint skills
  • Sense of ownership and accountability for work
  • Possesses strong project management and interpersonal skills, makes sound decisions, exhibiting initiative and intuitive thinking
Desirable:
  • Prior audit or consulting experience
  • Understanding of the Basel Framework and/or regulatory reporting
  • Experienced with testing and proposing remediation plans
JOB DESCRIPTION 
 
Working within the Finance Division’s Risk, Information Security and Control Group (“FinRISC”), specifically in the Regulatory Reporting Quality Assurance team (“RRQA”).  The group interacts across all areas of Finance, Firm Operational Risk Department, the Front Office, Internal Audit as well as Operations, providing accurate risk reporting across Finance whilst furthering the risk management culture and infrastructure. The RRQA team works collaboratively across New York and Glasgow to satisfy both the US and UK Basel III frameworks. 
 
Main Responsibilities:
  • Conducting walkthroughs, assessing the internal control environment by performing controls and substantive testing
  • Validating transaction capture through regulatory reporting processes and assessing the internal control environment by conducting walkthroughs and performing control and sample data testing
  • Analysing identified issues for their impact on capital and other upstream and downstream processes or systems, as well as escalating these issues.
  • Cultivating relationships across the Finance organization with key constituency groups, such as Regulatory Reporting, Product Controllers, Operations, Treasury, Technology, Credit Risk, and Market Risk.
  • Drafting recommendations and liaising with the business units to remediate risks, findings and gaps identified during the validation process
  • Monitoring, tracking and reporting project progress to Senior Management
 
REMUNERATION PACKAGE ON OFFER 
 
Competitive salary and benefits package
 
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