About Us

BACB is a UK bank that offers trade finance and complementary products to clients in specialist markets, especially Africa and the Middle East.

We have been helping businesses with trade finance and complementary products for over half a century, focusing on trade flows to and from Africa and the Middle East as well as real estate in the UK.

Our in-depth knowledge of the countries and practices where our clients operate ensures that we put them first.

Additional Info

• Hybrid Working: 3 days onsite, 2 from home

• Location: City of London

• Contract Type: Permanent

Job Summary

This role is a 6-month fixed term contract role.

Reporting to the Head of Prudential Regulatory Reporting, the Prudential Regulatory Reporting Manager is responsible for the accurate, timely and complete regulatory and statistical reporting to the PRA and the Bank of England.

Additionally, the Prudential Regulatory Reporting Manager:

· Supports the Head of Prudential Regulatory Reporting in all matters related to the management of the BACB balance sheet in respect to capital, funding, and liquidity.

· Ensures that BACB adheres to and understands all regulatory rules, understands the related implications, and keeps up to date with any regulatory changes.

Provides support into the Finance change programme, such as for the implementation of Basel 3.1, collaborating with other areas in Finance.

Key Work Outputs and Accountabilities

· Prepare and submit a full range of prudential and statistical reports to the PRA and BoE in a timely manner and to a high level of accuracy in accordance with the regulatory reporting timetable enabling sufficient time for review and challenge.

· Ensure that all relevant prudential and statistical regulatory governance, policies, frameworks, procedures, checklists, etc. are up to date, detailed, and effectively documented.

· Ensure that adequate controls are in place for the preparation of prudential and statistical regulatory reports, reviewing the work prepared by other members of the Prudential Regulation Reporting Team.

· Ensure up-to-date procedures are in place to evidence that all prudential and statistical regulatory reports are reconciled to the Bank’s books and records and are accompanied by relevant MI and a documented clear audit trail.

· Work with the Head of Prudential Policy and Assurance to understand upcoming regulatory changes and ensure that the Prudential Regulatory Reporting Team is equipped to implement these either through change initiatives or larger projects and programs.

· Ensure that the Prudential Regulation Team, systems, and processes are prepared to implement changes in template reporting and taxonomies.

· Escalate immediately to the Head of Prudential Regulatory Reporting, Head of Prudential Regulation, Deputy CFO, and CFO any concerns related to actual or projected capital, funding, and liquidity shortfall.

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

· Ensure that new products or Bank-wide projects and initiatives are analysed for prudential and statistical regulatory reporting implications, are embedded in the Bank’s accounting systems, and that any software implementations are project managed effectively.

· Support the wider Regulatory Reporting Team and review their work, where required.

· Prepare MI as required for senior management.

· Undertake ad-hoc projects as requested by the Head of Prudential Regulatory Reporting, Head of Prudential Regulation, Deputy CFO, or CFO.

Deputises for the Head of Prudential Regulatory Reporting, as required.

Required Qualifications and Experience

· Proven expertise in prudential regulatory reporting experience within a Bank.

· Professional accounting qualification is not essential but desirable.

· Advanced Excel skills with the ability to map data and create meaningful reconciliations and MI.

· Effective communication and interpersonal skills, in particular, ability to tailor to senior management and other stakeholders.

· Strong organisational skills with the ability to ensure efficiency whilst balancing priorities.

· Proactive and adaptable, with the ability to design and implement new processes and controls in response to evolving systems and regulatory requirements.

· Strong controls background.