Regulatory Reporting Change Assistant Manager
Length: 6 months
Overall purpose of role:
This role will support the implementation of regulatory change for the bank, primarily the capital regulations requirement 3 (CRR) in BAU for all of the UK related entities. The incumbent of the role will take an active lead in helping devise plans for the execution of regulatory change into the BAU teams and ensure that the path to delivery is tracked with any challenges managed effectively. It is a wide varied role that keeps the individual at the forefront of an area subject to a plethora of change and will leverage off someone who has in-depth experience of regulatory reporting and experience of adapting to regulatory changes
- Assist in the planning and execution of the testing to support business readiness plans for the RWA/consolidation teams, ensuring that issues identified have well laid out remediation plans and owning the procedure to sign off from the Directors.
- Present testing outcomes to the BAU VPs for sign off before go live, resolving their challenges beforehand,
- Interfacing with the Project teams to help develop the plans for reg change delivery and understanding the impacts on the BAU reporting teams, clearly putting forward well thought proposals to ensure the
- BAU implementation is successful and any challenges identified are resolved successfully.
- Work with the BAU teams to ensure that the business processes have been modified to accommodate the regulatory change and relevant controls adhered to.
- Assist in managing the overall book of work for the BAU teams in respect of regulatory change, interfacing with our stakeholders (including Treasury and the business) to ensure their requirements continue to be adhered to post regulatory change,
- Ensure that the governance requirements are fully adhered to upon regulatory change go live. Providing review and challenge on any technical elements of the change with our risk and project teams.
- Provide SME support in understanding all the regulatory changes and guiding the BAU teams in how to undertaken their review and challenge upon implementation.
- Fully understand the regulatory changes (CRR2, CRR3, COREP and Pillar 3 reporting requirements) from both a calculation and reporting perspective and ensure that our various stakeholders are regularly informed of these developments and our strategy to implement before go live.
- Assist in the development the operating model that will exist post implementation of reg change, thinking strategically in ensuring the correct resources and skills are allocated to the ownership of the amended reporting suite. This will require the incumbent to get a clear understanding of the reporting undertaken by the BAU teams and ensure solutions delivered are both efficient and effective.
- Assist in the oversight of the parallel runs for the Regulatory function, ensuring the expectations of stakeholders are met and impacts can be provided in a timely manner.
- Document outcomes from meetings with the CRO and CFO, taking queries forward in a proactive manner and working with the relevant functions to successful resolution.
- Assist in the co-ordination of the self-assessment exercises undertaken on a frequent basis on both existing BAU reporting and proposed reporting in advance of reg change being delivered.
- Ensure that all change is consistent with control policies we adhere to including the Financial Regulatory
- Reporting Policy, flagging any challenges and devising and coordinating remediation plans where gaps are discovered.
Barclays is a British universal bank. It is diversified by business, by different types of customers and clients, and by geography. Barclays businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by its service company which provides technology, operations and functional services across the Group.
Everything Barclays does is shaped by its five values of Respect, Integrity, Service, Excellence and Stewardship. The Barclays values inform the foundations of its relationships with customers and clients, but they also shape how Barclays measure and reward the performance of colleagues. Simply put, success is not just about what you achieve, but about how you achieve it.
Barclays aims to foster a culture where individuals of all backgrounds feel confident in bringing their whole selves to work, feel included and their talents are nurtured, empowering them to contribute fully to Barclays vision and goals.
Barclays is currently operating in a hybrid working environment, meaning that many colleagues spend part of their working hours at home and part in the office, depending on the nature of the role they are in. Please discuss the details of the working pattern options for the role with the hiring manager.
As a contract employee of Randstad Sourceright, you’ll receive a wide range of financial and personal benefits. There’s enrolment in a pension plan (after 12 weeks on assignment) and holiday pay. You’ll also get 24/7 access to an Employee Assistance Programme, designed to help you deal with any problems that could be affecting your home or work life. Plus, there’s discounts at heaps of high street shops, restaurants and entertainment - from Asda to Zizzi Italian restaurants.