Regulatory Reporting | Manager

Regulatory reporting requirements for OakNorth Bank and opportunities in this role: OakNorth Bank (the “Bank”) is a new fast-growing bank in the UK. While the balance sheet is less complex than larger banks, the Bank, as a CRDV firm, is subject to full suite of regulatory returns as follows:- COREP- FINREP- PRA/FSA and FCA returns- BOE returns We are also planning to implement a new end to end regulatory reporting system for all our regulatory reporting requirements. The implementation is expected to start from June’23. We are looking for a candidate who can also drive this project and fulfil the key responsibilities required for the role. Therefore, learning all the regulatory returns across capital, liquidity and leverage is the key opportunity in this role. The Regulatory reporting team is also responsible for daily liquidity reporting, ALCO reporting and IRRBB reporting to support Treasury balance sheet management activities. The Bank’s products are diversified, and a number of new product launches continue - the candidate will be driven to research regulatory impact and provide inputs into new product development. We are a small team and therefore the role offers opportunity:- to closely work with individuals across all levels, teams and locations and to build the team as the Bank grows.- build experience in a number of regulatory areas such as liquidity, credit, interest rate risk, treasury and other balance sheet reporting. - learn a lot about new products – as the Bank is working on a number of initiatives for the growth phase.- be involved in a number of cross functional projects. Job Responsibilities • Producing Liquidity and credit and banking exposure reports: • Monthly /Quarterly Liquidity returns - NSFR, LCR, ALMM, PRA110 with reconciliation with Financials. • Balance sheet driven returns: FINREP, PRA108, BOE statistical returns - (BT, ELS, GT, AD, AL, BE, CC, PL) • Additional exposures related returns: FSA015, PRA loan book data, Asset encumbrance, Mortgages returns (MLAR) • Capital and RWA returns: own funds, credit exposure returns, leverage ratio, large exposure. • Working experience and knowledge of the Liquidity reporting or Capital and RWA returns is necessary. Appropriate training will be provided in other balance sheet and Liquidity/Capital – RWA returns (as the case may be) but awareness and working experience in some of the returns will be a plus. • Preparation of Management Information, both pre-defined and ad-hoc, as directed by the manager. • Support in production of treasury ALCO packs • Ensure compliance to Various regulations and SOPs. • Responsible for implementing any new regulatory changes. • Ensure accurate, timely and completeness of reporting. • Maintain reporting integrity and compliance with the regulations by highlighting any gaps or error in the processes or logic and actively look to improve/develop them further. • Supporting in Pillar 3 document publication for the Bank. Support in other activities such as stress testing, ICAAP and ILAAP. • Governances: Maintain finance team governance tracker, regular SOP updates, audit/regulatory action tracking, projects tracking, new regulations/compliance driven projects tracking. Maintaining tracker of regulatory queries and supporting response gathering. • Project management of Reg reporting automation and process improvement initiatives and working on cross functional projects • Work closely with the UK Financial Controller and provide input into internal policy forum discussions regarding interpretation of regulations and guidance. • Actively participate in Reg reporting system implementation. • Able to structure requirements and communicate the same to senior management for approval. • Understand and define the reporting logic which exist front to back of system and how rules and regulations impact outcome. • Maintain reporting integrity and compliance with the regulations by highlighting any gaps or errors in the systems or logic and actively look to correct them. • Coordination with various department like Credit / Operations /Finance / Risk / IT and vendors etc. to execute project as per requirement. • Detailed testing for projects / issues as per the system requirement. • Collaborate with key stakeholders and ensure adequate UAT approaches. • Create system guidelines and manual for the bank. • Organize training sessions and workshops on system processes. • Preparation of test scenarios and review of UAT test results.