Regulatory Reporting Manager 12 Month FTC
Finance – Finance /
Employee - FTC
Hello there. We’re Zopa.
We began our journey in 2005 with the drive to deliver customer-first financial products. Fast forward to 2020, we shifted gears and became a digital bank, leveraging our customer knowledge, money expertise and technical agility to forge ahead. Our diverse team is united by a mission to create simple, fair and honest financial products that have the customers’ needs at their heart.
We’re regularly recognised at industry awards for our game-changing products and are proud to be one of the market leaders in consumer lending in the UK. But our work doesn’t stop there.
After securing £220 million in our 2021 funding round led by SoftBank, we’ve entered the next stage in our journey. So far, we’ve lent out over £8 billion and made money work better for over half a million people across the UK who were looking to borrow or save with us. In less than 2 years after becoming a bank, we hit £2 billion in customer deposits and we’re also a top 5 credit card issuer in the UK. And this is just the beginning.
We’re set on achieving big things with ambitious growth targets to match. This means there's a range of opportunities for you to excel and develop through a career at Zopa, while building better banking products that truly matter to our customers.
If you embrace unconventional challenges, are unafraid to think differently and are driven to make an outsized impact, you’ll thrive here at Zopa. For a closer look at our culture, check out our latest video here. And if you want to join us, have a look at our current open roles!
We're looking for a Regulatory Reporting Manager to join us on a 12 month FTC. Reporting into our Finance Director, you will manage the regulatory reporting function for Zopa Bank, whilst developing and supporting the team.
A day in the life:
- Development and maintenance of robust regulatory reporting quality assurance prudential risk framework in accordance PRA, FCA rulebook and CRD V.
- Review all (and prepare some as necessary) regulatory returns (PRA, FCA & BOE) to ensure accuracy and compliance with relevant regulatory rules
- Develop and guide the team to ensure it is adequately prepared to meet changes to regulatory rules and to comply with new and emerging reporting and disclosure requirements
- Continually assess the adequacy of internal processes, data and controls which support the production of regulatory returns and implement enhancements to increase efficiency and strengthen the control framework as required, including keeping standard operating procedures up to date.
- Ensure the existing regulatory reporting software continues to be fit for purpose and recommend any enhancements or changes.
- Implement any changes in systems through documentation of business rules, user acceptance testing and documentation of procedures
- Conduct or review monthly horizon scanning with impact assessments to ensure that all relevant regulatory changes are captured, assessed correctly and communicated to the appropriate teams within the Group.
- Assist reviews performed by second line and internal auditors and implement recommendations arising from those reviews
- Ensure effective tools are in place for monitoring capital and liquidity, working closely with the Financial Reporting, Treasury & FP&A teams and second line to deliver appropriate MI
- Interface with Regulators and Internal Audit and facilitate queries and data requests as relevant.
- Participate in new product initiative and-hoc projects which have a regulatory reporting element
- Subject Matter Expert for other teams and senior management on regulatory matters
- Prepare annual Pillar 3 disclosures
- You'll be a qualified accountant (ACA, ACA or CIMA) or have an equivalent degree/experience, along with previous experience of people management
- Have strong regulatory experience covering COREP (capital and liquidity), FINREP, BoE statistical returns & Pillar 3
- Excellent interpersonal skills are key as is the ability to plan and deliver to tight timescales effectively, with minimum supervision
- You'll be proficient with Excel and have a keen eye for detail
- Exposure to regulatory reporting software, SQL and Tableau would be great but not essential
Flexible working? Yes please!
Whether you want to come into our open-plan, riverside London Bridge office or work from the comfort of your own home (or both!), you’ll be able to decide on an approach with your manager, looking at what works best for you, your role and your team.
Not only that – you'll also have the option of working from abroad for up to 120 days a year!* But no matter where you are, we’ll make sure you’ve got everything you need to thrive, both in your work and home life, from day one.
*Subject to having the right to work in the country of choice
To thrive here, you’ll need to:
Champion our customers. Whatever your role, you’ll be close to our customers. We care passionately about doing the best for them.
Help us make fearless choices. Our environment is fast-paced, agile and open. You’ll solve interesting and challenging problems, and be trusted and empowered to bring your ideas to life.
Walk the talk. Like us, you’ll be honest, stick to your promises and face the tough moments head-on.
Win smarter. You’ll be always on the lookout for a better way of doing things, going beyond ‘good enough’ and welcoming different points of view.
Be in it together. You’ll join an ambitious, diverse and all-round approachable team with a mix of ideas and talents who inspire each other to be better every day.
Zopa is proud to offer a workplace free from discrimination. Diversity of experience, perspectives, and backgrounds leads to great products and unique company culture. We simply can’t expect to empower our customers to better manage their money without challenging the current status quo. Creating the best place for money is no easy task, which is why we need talent from all walks of life.