Regulatory Reporting Accountant
Description
Who We Are
Moneycorp is a thriving dynamic business with an excellent reputation helping Corporate and Private Clients with their FX and International Payments requirements for over 40 years. As a globally expanding business, our footprint covers UK & Ireland, Europe, USA, Canada, Hong Kong, UAE, and Brazil!
With our extremely rare single IBAN multi-currency account, we are able to assist with a variety of different payment needs, including business payment solutions, personal payments abroad (for example buying a property), travel money, as well as the ability to offer interest on deposits. Supplementing this, we also support the global supply chain of wholesale banknotes through our Financial Institutions Group (FIG) and partnership with the US Federal Reserve Bank, to build deeper payment relationships with international banking customers.
It is through obtaining our own banking and payment licenses, the acquisition of two banking platforms and access to 16+ liquidity providers that we are able to proposition a trailblazing FinTech payment infrastructure that simplifies our customer’s diverse business needs and reduce their costs. There is no doubt that we are a major player and differentiated ourselves in a continuously evolving and competitive industry.
With 500+ employees, Moneycorp prides itself in attracting some of the world’s top talent and the people who work at Moneycorp are truly behind its continued success. As Moneycorp continues to expand into new territories, there are considerable opportunities for growth for newcomers and the learning possibilities are endless. We welcome you to be part of a team which has a passion for the business, all within a collaborative and supportive working environment that has ultimately translated to a unique exciting business. To find out more about our journey click here.
Your Next Challenge
The Group Moneycorp Core Finance team is looking for support with data analysis and reporting within a controlled environment, to strengthen the reporting function’s capabilities. To enable these, the Regulatory Reporting Analyst role has been identified. This role reports to the Head of Regulatory Reporting and provides support in:
- Engaging a variety of stakeholders across the business including Front Office, Compliance, Finance, Operations and IT
- Regulatory reporting oversight for legal entities in scope for a rapidly growing International Group, covering Payment Service, Investment firms and Banking Services
- Providing quality, accurate and timely information to management which encompasses the development, controls and understanding of regulatory reporting framework.
- Supporting project work affecting the business including business development, regulatory change and finance transformation
The job holder will primarily support the daily regulatory reporting requirements across the Payments, Investment Firm and Banking Services divisions, but will also become involved in project work. Such projects will look to automate current procedures, improve the control environment, and will work with senior people across the Group.
KEY ACCOUNTABILITIES
Regulatory Reporting – Daily Monitoring
- Operation of the daily Safeguarding and CASS processes
- Ongoing refinement of Safeguarding and CASS processes to account for business and regulatory changes
- Liaise with regulatory, legal, operations and treasury representatives as required.
- Produce and implement regulatory procedures and processes for capturing an audit trail of review to show adherence to regulatory rules.
Regulatory Reporting – External Reporting
- Ensure all regulatory reporting is delivered on time and the requirements of the reporting are fully understood and documented.
- Help develop controls and processes around external regulatory reporting
- Investigate and help implement efficiencies around external reporting.
- UK External reporting includes however is not limited to:
- Safeguarding audit requirements
- CASS audit requirements
- Quarterly and Annual returns relevant to UK entities with licenses for Payment Institutions, E Money or MIFID requirements
- Assisting with the adherence to the reporting requirements of the Gibraltar Financial Services Commission (GFSC)
- Ensure adherence to the regulatory reporting calendar and ensure that external reports are produced and submitted within expected deadlines to Compliance.
- Assist in the production of regular reporting on regulatory matters and ad hoc updates for senior management.
- Assisting in the production, analysis and submission of multiple different types of regulatory returns required by the Financial Conduct Authority (FCA)
Client Asset Oversight Cover
- Assist Finance’s Head of Regulatory Reporting in ensuring all the requirement as set out in the FCA’s CASS Handbook are applied.
- Assist in reviewing and updated the CASS and other client asset documents in line with any business changes or regulatory changes published by the FCA.
- Assist in ensuring that the daily calculations and reconciliations are completed in line with the Client Asset Requirements.
- Act as cover for the Finance’s Head of Regulatory Reporting in periods of their absence.
Statutory Reporting
- Assisting with the audit of group companies
- Production of relevant policies and procedures disclosures
Team Player
- Be open and share knowledge within both the accounting function and wider business
- Maintain a friendly and open team attitude to encourage all other employees to approach the Finance team with queries or concerns to ensure the continual improvement of the business
- Be pro-active and help develop plans and priorities for team
Project Work and Analysis
- Assist in providing insights about the impact of proposed projects on regulatory and financial performance.
- Identification and explanation of trends with particular focus on underlying drivers of regulatory change on the business
- Assisting in the automation of regulatory processes and reconciliations
- Assistance in group wide project work
PERSON SPECIFICATION
Knowledge and Experience:
- Qualified accountant with 3+ years PQE
- Advanced Excel
- Strong systems, controls and data management skills
- A background of working in Product Control or Regulatory Reporting within a Financial Services/Foreign exchange/Investment Bank/Fintech environment (Investment firm and/or E-Money experience a distinct advantage)
- Knowledgeable of the regulatory landscape for an investment firm, payment institutions or E- Money business an advantage
- Good knowledge of banking and regulatory bodies desirable
- Keeping up to date with the regulatory developments
Skills and Competencies:
- Good interpersonal and communication skills both written and verbal,
- Good analytical abilities, with an enquiring mind
- Ability to work in a fast-paced environment
- Robust, capable of clearly and strongly articulating position
Education:
- Qualified Accountant
Personal Attributes:
- Hard working, conscientious and trustworthy
- Flexible and adaptable approach
- Willing to learn and keen to develop role
- Team player
- Professionalism
- Always understands the need for integrity and confidentiality position demand and Delivering Results
- Ability to work under pressure and meet set deadlines
- Striving for excellence and always wanting to learn
- Making a personal difference
- Always demonstrates a positive attitude
- Embraces change and constantly searches for improvements
- Prepared to go the extra mile where necessary
- Responds positively to feedback even where development areas are identified
The successful candidate will be part of a dynamic team and work in a fast-paced environment, catering to a diverse mix of stakeholders with varying needs. Therefore, the ideal candidate should be a self-starter, as there is an opportunity to make an immediate and tangible contribution to the business.
Please note: This is a full-time, permanent position with an opportunity to work hybrid within the Finance team based in our London office.
What you get in return:
This role offers a competitive salary, plus a benefits package including private medical health insurance.
Interested?
If the role sounds like you, we invite you to upload a copy of your CV and can do this by clicking on the Apply Now button.
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Diversity and Inclusion
Moneycorp is proud to be an Equal Opportunity employer. Across our Group, Moneycorp maintains a philosophy that an inclusive company culture inspires creativity, fosters a sense of belonging, and is imperative to both personal and professional growth. With a makeup of 47 percent female employees, Moneycorp has a remarkably diverse workforce. Our commitment to inclusion and opportunity continues to evolve and improve as we listen and engage with our diverse teams.
All qualified applicants will receive consideration for employment without regard to age, colour, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, political affiliation, status as an individual with a physical or mental disability status as an individual with a protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations and ordinances.
Moneycorp believes that diversity is critical to our success in helping Corporate and Private Clients with their FX and International Payments requirements across the world and is committed to creating an inclusive, mutually respectful environment which celebrates diversity. We hire on the basis of talent, merit, competence, performance, and business needs.