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Regulatory Reporting Accountant
Tandem
Accounting & Finance, Legal
Blackpool, UK
Posted on Nov 12, 2024
Job Title: Regulatory Reporting Accountant
Working Pattern: Monday to Friday, 36.25 hours per week
Salary: £45,000 - £55,000 and up to 20% bonus and benefits
Location: Flexible – Embrace fully remote or hybrid work from any of our vibrant UK offices in London, Cardiff, Durham or Blackpool.
At Tandem, we're not just a bank; we're a movement for positive change. If you're an ambitious and dedicated Regulatory Reporting Accountant, ready to make an impact, we've got a space with your name on it!
The main purpose of the role is supporting the production and delivery of regulatory returns while ensuring compliance with regulatory requirements and internal controls. This position reports to the Regulatory Reporting Manager and works closely with the Head of Regulatory Reporting.
We are Tandem - Where impact meets innovation
Tandem is the UK's greener digital bank on a bold quest to revolutionise the way we save, borrow, spend, and share – all while nurturing our planet, our people and our customers. As one of Europe’s fastest growing digital banks, our values of being Brave, Enterprising, Simple, and Together (BEST) ensure our 500-strong team collaborate to drive a brighter, greener future.
Tandem also leads the way with a secondary app called Loop. Loop gives customers a simpler, hassle free and awkward free way to share money among friends.
Your team: Collaborators in change
Tandem is proud to offer a workplace with diverse experiences, perspectives, and backgrounds which leads to a unique company culture for our people and a better experience for our customers.
Your Impact: Building a greener tomorrow
As a Regulatory Reporting Accountant at Tandem your focus will be on:
Core Regulatory Reporting
- Assist in the production of the full suite of regulatory reports (COREP, FINREP, PRA, BoE) and internal reporting of regulatory metrics
- Support the monthly preparation of other returns to the FCA
- Assist in the preparation of Bank of England Statistical Returns (BT, ELS, AD, AL, BE)
- Maintain and update the horizon scanning tracker
- Support implementation of regulatory reporting automation initiatives
Data Quality & Controls
- Review and challenge data inputs and outputs, ensuring regulatory information is prepared and disclosed consistently
- Operate daily regulatory reporting procedures and contribute towards process automation
- Support the maintenance of Operating Model documentation, processes, and procedures
- Assist in testing data extraction and quality of regulatory reporting
Documentation & Support
- Support documentation updates for Standard Operating Procedures (SOPs) and Assumption and Interpretation Manuals
- Provide ad-hoc support for ICAAP, ILAAP, Recovery Plan, and Solvent Exit Analysis drafting
- Assist in Basel 3.1 implementation activities
- Support various regulatory surveys and ad-hoc requests
Business Analysis & Development
- Help identify potential capital savings and liquidity generation opportunities when preparing regulatory returns
- Assist in reviewing business growth developments and assess their regulatory reporting impact
- Support training initiatives for business stakeholders on capital impacts of business decisions
- Contribute to regulatory reporting projects that feed into commercial business plans
Required Qualifications & Skills
- Bachelor's degree in Accounting, Finance, or related field
- Part-qualified or recently qualified accountant (ACCA/ACA/CIMA)
- Previous experience in regulatory reporting or financial services industry essential
- Strong analytical and problem-solving skills
- Excellent attention to detail and accuracy
- Proficient in MS Excel and data analysis tools
- Strong written and verbal communication skills
- Ability to work effectively both independently and as part of a team
- Knowledge of UK regulatory framework and reporting requirements
Technical Knowledge
- Understanding of regulatory concepts and reporting requirements
- Knowledge of capital and liquidity calculations, ratios, and related workings
- Familiarity with regulatory reporting systems and tools
- Understanding of data quality and control principles
Rewards that reflect your value, what’s in it for you?
At Tandem, your hard work is rewarded in many ways and we have an enhanced employee benefits package on offer from your very first day with us:
- 25 days annual leave plus 8 days Bank Holiday
- An additional day off for a ‘celebration day’ including, but not limited to, birthdays, weddings, religious holidays, graduations etc
- Buy or sell up to 5 days holiday a year
- Healthcare cash plan through Westfield Health worth a minimum of £750 per year
- Electric Vehicle salary sacrifice scheme
- Cycle to Work salary sacrifice scheme and a free helmet
- Salary sacrifice Pension contribution*, 4% employee contributions matched with 4% Tandem contribution (*Subject to salary eligibility)
- Smart Tech scheme (buy goods with 0% interest)
- 10% discount on solar panels
- Tandem Hub for treats, cash back and discounts on UK retailers
- 2 days per year paid volunteering
- Free cereal, snacks and drinks in all offices
- Quarterly team social budgets
Our Green Deal: Your Impact Amplified
A little welcome gift from us to you, we’ll plant a tree in the Tandem Grove and you can enter into our “Green Deal” below:
- Volunteer 2 days a year for charity > receive an early Friday finish
- Raise £200 per annum for charity > Tandem provide PR and marketing support
- Have renewable energy at home > receive an additional 1 day annual leave
- Drive an electric car > receive £500 towards a home charger
Ready to make your mark?
Apply now and let's pave the way to a greener world, together. Our approach to DE&I is reflected in our hiring process so please let us know if you require any reasonable adjustments.
Sourcing Model
Recruitment at Tandem works primarily on a direct sourcing model and does not accept resumes from recruitment agencies which are not on the preferred supplier list. We are not responsible for any related fees for resumes submitted to job postings, our employees, or any other part of our company. You can find our Applicant Privacy Policy on our Careers page.
Tandem is an equal opportunity employer and are committed to meeting our responsibilities under the Equality Act (2010). We respect the diverse experience and talents that every individual brings to our Company, and we are determined to ensure that no applicant or employee receives less favourable treatment on the grounds of gender, age, disability, religion, belief, sexual orientation, marital status, or race, or is disadvantaged by conditions or requirements which cannot be shown to be justifiable.
Please be aware that background checking (including credit, criminal records and CIFAS Internal Fraud Database Checks) form part of our recruitment process. We will adhere to our duties under the Rehabilitation of Offenders Act 1974.