Regulatory Reporting Accountant, Tandem
£45-55k
Plus up to 20% bonus and benefits
Green-focussed digital bank
Be an early applicant
Green-focussed digital bank
201-500 employees
Be an early applicant
£45-55k
Plus up to 20% bonus and benefits
201-500 employees
Company mission
To build the UK's greener, digital bank providing hard-working people across the UK with sustainable ways to save, borrow and spend.
Role
Who you are
- 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
- 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
What the job involves
- Monday to Friday, 36.25 hours per week
- 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
- 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
- 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
- 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
- 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
Salary benchmarks
Our take
The speed of the challenger banks to provide a delightful experience has been impressive, and the number of competitors has proven the consumer desire for innovation.
Tandem sets itself apart from other digital banks, such as Monzo and Starling, not only by being the UK's green digital bank but also by continually launching a wide range of products outside the current account. For example, it offers a leading savings account, with higher interest than many incumbents, and a new interest rate top-up feature for its instant access savings accounts.
The company's partnerships with companies like Oplo and Allium, have helped advance its green efforts, issuing over £230 million of green lending. It may have had a slower start than Monzo and Starling, but has since built momentum, serving millions of users. Since further transitioning into a greener digital bank, the company has seen significant (and sustainable) growth.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Some candidates hear
back within 2 weeks
29% female employees
17% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Jul 2023
$25.3m
GROWTH EQUITY VC
Mar 2020
$78m
SERIES D
Total funding: $165.2m
Company benefits
- Hybrid Work Opportunities
Company values
- Brave
- Enterprising
- Simple
- Together
Company HQ
Holborn, London, UK
Articles
Leadership
Alex Mollart
(CEO, not founder)Former CEO of Oplo.
People progressing
Joined as a Business Consultant. Promoted to Credit Card Portfolio Manager after 2 years. Then moved to be a Product Manager after 1.5 years
Share this job
View 1 more job at Tandem