Regulatory Controller Job Description
Regulatory controller
provides financial data and reporting on SSD to be presented to the GM Steering Committee.
Regulatory Controller Duties & Responsibilities
To write an effective regulatory controller job description, begin by listing detailed duties, responsibilities and expectations. We have included regulatory controller job description templates that you can modify and use.
Sample responsibilities for this position include:
Drive the prioritisation of future developments test releases prior to going live
Monitoring regulatory compliance in accordance with Basel 1 and Basel 3 for PRA regulated entities
Reporting accurate and timely capital usage information to the CFO group and externally the PRA and the EBA
Facilitating capital efficiency by working with the business and regulators on approvals, appropriate structuring of new
Reporting accurate and timely capital usage information to the CFO group and externally the PRA
Compliance with the evolving regulatory landscape
Facilitating capital efficiency by working with the business and regulators on approvals, appropriate structuring of new trades and continual elevation of capital usage
Calculate and report Japan FSA Regulatory capital daily and report to Japan FSA monthly
Perform regulatory capital simulation for capital planning and for ad hoc request from business units
Provide regulatory advice with help from technical advisors
Regulatory Controller Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Regulatory Controller
List any licenses or certifications required by the position: CFA, CIA
Education for Regulatory Controller
Typically a job would require a certain level of education.
Employers hiring for the regulatory controller job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Applied Sciences, Accountancy, Financial Services, MBA, Math, Business/Administration, Finance/Accounting, Business
Skills for Regulatory Controller
Desired skills for regulatory controller include:
MS Office tools & IT flair
Banking products
FR Y9C
Financial products which are used in the financial services industry would be
Regulatory reporting would be advantageous but not essential
Awareness of the issues would be
CCAR 14M
Capital reporting
Capital reporting a +
Data transformation/visualisation tools also useful but not essential
Desired experience for regulatory controller includes:
Contributing to business strategy and delivery
Establishing the credibility to deliver informed and influential input through to the most senior levels of the internal stakeholder group
Delivering challenge and provoking alternative thinking on strategy and deal-making as expected by the stakeholders
Contributing to the effective development of key business processes and systems supporting financial management, cost and risk control
Accessing technological solutions to data management, analysis and reporting issues at every opportunity
Contributing to comprehensive, business-focused information processes
Regulatory Controller Examples
1
Regulatory Controller Job Description
Job Description Example
Our company is looking for a regulatory controller. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for regulatory controller
- Actively supporting strategically-focused business development with the stakeholders
- Developing propositions and tactics to exploit opportunities and alternative strategies based on sound analysis and commercial judgment
- Interacting with various teams from the bank regulatory agencies, including report analysts and examiners
- Managing relationships with colleagues in the financial reporting teams to ensure quality control and compliance with regulatory requirements
- Keeping abreast of regulatory developments and make strategic recommendations for process/control modifications and the oversight of their implementation
- Review and analyze the daily and monthly computations pursuant to SEC Rule 15c3-3
- Review and analyze various monthly reports for the firms FOCUS filing
- Review and analyze various reports for the firms Daily Net Capital Calculation pursuant to rule 15c3-1
- Review and analyze various reports and information received from Operations personnel
- Lead contact on issues and questions related to rules and regulations of the SEC, FINRA, CFTC and other regulatory agencies
Qualifications for regulatory controller
- Review month-end General Ledger adjusting entries
- Review various analyses supporting the company’s Daily Net Capital Computation
- Interpret and guide internal clients on regulatory requirement
- Lead contact for all audits
- Submission of Regulatory Returns for Capital, Leverage, Liquidity and Asset Encumbrance obligations
- Quarterly (and ad hoc) internal capital forecast scenarios for ICAAP (including pillar 2b calculation), Going Concern
2
Regulatory Controller Job Description
Job Description Example
Our company is looking for a regulatory controller. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for regulatory controller
- Assisting with the preparation of regulatory reporting presentations for the (FFIEC 041-Call Report, FFIEC 101, FR 2900, FR 2915, FR 2644, FR Y-8, FR2028, FR2420), ensuring that appropriate auditable documentation for all reports exists
- Interacting with process owners
- Perform reconciliations (direct/ indirect) to across Reg filings
- Accurate and timely reporting information to Senior Management, the Business Unit and externally to Regulatory bodies
- Partnership and supporting other Finance areas with their reporting requirements
- Establish and maintain relationships and proactive communication with internal customers
- Establish and manage a growing team to support reconciliation and control efforts within Global Regulatory Controllers
- Manage, motivate and develop staff to ensure performance and the achievement of individual staff goals
- Participate in preparing proformas and planning for registering entities under proposed swap dealer rules
- Assist in the coordination of the CCAR production calendar and present kick off presentation materials to relevant teams including Reg Reporting providers, treasury, and attestation leads to confirm process timeline and ownership of controls/attestations
Qualifications for regulatory controller
- Preparation, analysis, review of quarterly COREP reporting for one of the UK regulated entities, covering the Own Funds calculation
- COREP/PRA regulatory returns knowledge
- Strong communication skills are required and the candidate must work well in a team environment
- Series 27 or Series 99 strongly preferred
- Ability to research, verify and document business drivers deliver presentations on results in a clear and concise manner
- Preparation, analysis, review of monthly and quarterly COREP Asset Encumbrance reporting for UK regulated entities
3
Regulatory Controller Job Description
Job Description Example
Our company is searching for experienced candidates for the position of regulatory controller. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for regulatory controller
- Prepare and present due diligence decks as required for attestation sign off
- Lead IT changes (Axiom/ Vena) required to conform with new rules Instructions from FRB for Y9C, 101, 102
- Ensure that MS Rule interpretations are formally documented in Axiom/Vena actuals for 14A/Q/M
- Oversight and coordination of UK Pillar 3 preparation, review and disclosure
- Consolidation and submission of quarterly COREP reporting across the EMEA businesses
- Support the evolving regulatory reporting requirements of additional BREXIT entities
- Ensure compliance with evolving regulatory reporting requirements
- Work closely with Calculation and Evolving Regulation and Integration teams to embed new strategic regulatory calculator and ensure complete and accurate numbers and supporting business variance analysis flow through to final reporting
- Ensure appropriate regulatory MI is provided to senior management to support ongoing capital and leverage adequacy monitoring
- Develop key relationships across Corporate Treasury, Risk, Reg Relations, Senior Finance and BU across EMEA
Qualifications for regulatory controller
- Perform analytical reviews of encumbrance data across various legal entities
- Develop a good understanding of the rules and regulations across the various reports and provide technical support to key stakeholders as required
- Provide cross coverage as appropriate for Glasgow Reg Controller team
- Ensure all daily and monthly reporting requirements are met, for both internal and external reporting
- Oversight and management of aspects of the team, offering strong support to the team lead
- Ensure ongoing development of the junior members in the team
4
Regulatory Controller Job Description
Job Description Example
Our company is searching for experienced candidates for the position of regulatory controller. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for regulatory controller
- Enhance reporting packs for key regulatory reviews, support the development of a globally-consistent consolidated view of regulatory information
- Preparation, analysis and review of various Capital calculation requirements (Market Risk, Leverage, Own Funds, Credit and Counterparty Risk), supporting weekly, monthly and quarterly reviews
- Investigate drivers of material movements in calculation variables impacting key reporting, interrogating systems and data, and liaising with other teams to understand root cause
- Work across reporting and calculation teams to explain and validate daily, monthly and quarterly variances in capital numbers, supporting the production of key internal and external regulatory reporting submissions
- Develop understanding and apply key Regulatory rules requirements to applicable products and calculations
- Identify, document and escalate and co-ordinate resolution of issues
- Challenge processes and procedures in order to enhance controls and streamline efficiencies
- Present COREP analysis to Senior Management to support their review and signoff, prior to submission to relevant regulator
- Seek ways to improve hand-offs and integration with other teams
- Assist in the coordination of the FFIEC 009, SNC, GSIB, TIC and Criticized Assets production including preparing and presenting due diligence decks as required for sign off to relevant teams including Reg Reporting providers, attestation leads and senior management
Qualifications for regulatory controller
- Representation at Business Unit review meetings to validate reported numbers in the returns
- Very high focus on compliance with capital rules and ensuring accuracy of our calculations and reporting
- Experience with Basel III (Advanced and Standardized)
- Month-end reconciliation processes for Japan managed subsidiaries
- Strong knowledge of Japanese GAAP / USGAAP /broker dealer accounting /
- Minimum seven years of experience in the financial services industry
5
Regulatory Controller Job Description
Job Description Example
Our company is looking for a regulatory controller. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for regulatory controller
- Manage one person
- Preparation, analysis and review of various Capital calculation requirements (Credit and Counterparty Risk, Leverage, Own Funds), supporting reviews and sign-off papers for presentation in Senior Management signoff meetings
- Partner with the reporting team to explain and validate daily, monthly and quarterly variances in capital numbers, supporting the production of key internal and external regulatory reporting submissions
- Support the development of a new global strategic capital calculator and business-as-usual processes, controls and reporting
- Build effective relationships with Operations, Information Technology, Legal Entity Controllers, Corporate Treasury, and Regulatory Colleagues
- Lead regulatory driven projects, working with multiple stakeholders, ensuring timely completion of projects
- Assist in standing up FERC agenda including developing of dashboard reporting capabilities, streamlining existing processes, establishing QA and effectiveness assessments programs
- Reporting on key metrics, analyzing and interpreting trends and providing actionable insights based on available data
- Assist in firmwide initiatives to ensure delivery of a consistent and sound operating model as it applies to the Capital FERC agenda
- Develop & maintain appropriate documentation supporting implementation initiatives for established processes
Qualifications for regulatory controller
- Candidates for the role should hold an Accounting /Finance/Mathematical degree or equivalent, and have an interest in and understanding of the Regulatory framework
- Build effective relationships with Information Technology, Legal Entity Controllers, Corporate Treasury, and Regulatory Colleagues
- Investigate drivers of material movements in reported numbers, interrogating systems and data, and liaising with other teams to understand root cause, supporting the production of key internal and external regulatory reporting submissions
- Liaise with technical and advisory teams to develop understanding of existing and evolving Regulatory rules and ensure appropriate application to products, calculations and reporting
- Familiarity with FinRep templates
- UK and German entities COREP returns