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AVP Regulatory reporting

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Barclays

7d ago

  • Job
    Full-time
    Senior & Expert Level
  • Consulting
    Banking & Finance
  • Chennai

AI generated summary

  • You must assess regulatory reporting risks, implement compliance strategies, prepare reports, analyze data, train staff, liaise with regulators, manage systems, and collaborate across functions.
  • You will assess regulatory reporting risks, ensure compliance, prepare reports, analyze data, train staff, liaise with regulators, and manage reporting systems integration.

Requirements

  • - Identification and assessment of prudential regulatory reporting risks arising from the bank's activities, products, and services.
  • - Development and implementation of strategies to mitigate prudential regulatory reporting risks, ensuring compliance with all applicable laws, regulations, and internal control policies, and conduct regular compliance reviews and audits to identify and address potential compliance gaps or violations.
  • - Assessment of the effectiveness of the bank’s internal control processes and governance framework, including addressing any weaknesses or gaps that could lead to regulatory reporting non-compliance, and implementation of measures to strengthen internal controls.
  • - Preparation and submission of regulatory reports to authorities, and provision of support to other departments in their preparation and review of regulatory reports.
  • - Analysis and presentation of regulatory data to provide insights into business performance, identify trends, and support decision-making.
  • - Development and implementation of training programmes to educate employees on regulatory requirements and compliance responsibilities.
  • - Communication and liaising with regulatory bodies, prompt responses to inquiries and provision of requested information, and representation of the bank in meetings with regulators.
  • - Management of the selection, implementation, and maintenance of regulatory reporting systems and software applications, including collaboration with IT colleagues to integrate regulatory reporting systems with other enterprise systems.
  • - Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
  • - Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
  • - Take ownership for managing risk and strengthening controls in relation to the work done.
  • - Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
  • - Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
  • - Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
  • - Communicate complex information.
  • - Influence or convince stakeholders to achieve outcomes.

Responsibilities

  • Identification and assessment of prudential regulatory reporting risks arising from the bank's activities, products, and services.
  • Development and implementation of strategies to mitigate prudential regulatory reporting risks, ensuring compliance with all applicable laws, regulations, and internal control policies, and conduct regular compliance reviews and audits to identify and address potential compliance gaps or violations.
  • Assessment of the effectiveness of the bank’s internal control processes and governance framework, including addressing any weaknesses or gaps that could lead to regulatory reporting non-compliance, and implementation of measures to strengthen internal controls.
  • Preparation and submission of regulatory reports to authorities, and provision of support to other departments in their preparation and review of regulatory reports.
  • Analysis and presentation of regulatory data to provide insights into business performance, identify trends, and support decision-making.
  • Development and implementation of training programmes to educate employees on regulatory requirements and compliance responsibilities.
  • Communication and liaising with regulatory bodies, prompt responses to inquiries and provision of requested information, and representation of the bank in meetings with regulators.
  • Management of the selection, implementation, and maintenance of regulatory reporting systems and software applications, including collaboration with IT colleagues to integrate regulatory reporting systems with other enterprise systems.

FAQs

What is the primary purpose of the AVP Regulatory Reporting role?

The primary purpose of the AVP Regulatory Reporting role is to identify, assess, and mitigate prudential regulatory reporting risks, oversee regulatory reporting, and maintain open communication with regulators to ensure compliance with all applicable laws, regulations, and internal control policies.

What are the main responsibilities of the AVP Regulatory Reporting?

The main responsibilities include identifying and assessing prudential regulatory reporting risks, preparing and submitting regulatory reports, analyzing and presenting regulatory data, developing training programs on regulatory requirements, communicating with regulatory bodies, and managing regulatory reporting systems and software applications.

What kind of training will be provided to employees?

The role involves the development and implementation of training programs to educate employees on regulatory requirements and compliance responsibilities.

How does the AVP Regulatory Reporting communicate with regulatory bodies?

The AVP Regulatory Reporting communicates with regulatory bodies by responding promptly to inquiries, providing requested information, and representing the bank in meetings with regulators.

Is collaboration with other departments involved in the AVP Regulatory Reporting role?

Yes, collaboration with other departments is a key aspect, especially to support their preparation and review of regulatory reports and to keep aligned with business activities and strategies.

What expectations are set for someone in the Assistant Vice President position?

Expectations include consulting on complex issues, identifying ways to mitigate risk, taking ownership for managing risk, collaborating across areas, engaging in complex data analysis, communicating complex information, and influencing stakeholders.

What values are expected to be demonstrated by all colleagues?

All colleagues are expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence, and Stewardship, along with the Barclays Mindset of Empower, Challenge, and Drive.

What type of analysis is expected from the AVP Regulatory Reporting?

The role requires engaging in complex analysis of data from multiple internal and external sources to creatively and effectively solve problems.

Are there opportunities for professional development in this role?

Yes, there are opportunities for professional development, particularly through the implementation of training programs and the collaboration with other areas that support ongoing learning and development.

What is the significance of maintaining open communication with regulators?

Maintaining open communication with regulators is significant for ensuring that the bank's activities comply with all applicable laws and regulations while also fostering a cooperative relationship that facilitates compliance and oversight.

Barclays

Finance
Industry
10,001+
Employees
1690
Founded Year

Mission & Purpose

Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our 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 our service company which provides technology, operations and functional services across the Group. With over 325 years of history and expertise in banking, Barclays operates in over 40 countries and employs approximately 83,500 people. Barclays moves, lends, invests and protects money for customers and clients worldwide. Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is registered in England and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England. Registered No. 1026167. Registered office: 1 Churchill Place, London E14 5HP.