UK Liquidity Reporting Assistant Manager London/Belfast

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UK Liquidity Reporting Assistant Manager, UK Finance, Belfast/London

LOCATION: London/Belfast, GB

ROLE: UK Liquidity Reporting Assistant Manager

 

LOCATION: London/ Belfast Hybrid Working - Remote working initially

 

This role is being offered on a PERMANENT basis.

 

AIB is a major retail bank in the Republic of Ireland and Northern Ireland and a highly regarded business bank in GB.  We offer a full spectrum of banking products and services to Personal, Business and Corporate customers.

 

A strong Irish bank packed with purpose - to back our customers to achieve their dreams and ambitions. That goes for our employees too.  We aim to make AIB one of the best places to work - a place where the very best people want to come and develop their careers.  We want our employees to be empowered by the work they do.  Developing people leadership capabilities, improving levels of employee engagement and aligning people's objectives to the strategy are just some of the ways we are creating a high performance culture that enables us to be better together.

 

SUMMARY OF THE TEAM:

UK Finance is one of the key support and control functions for AIB UK.  UK Finance delivers financial and regulatory accounts for external reporting and management accounts, forecasts, plans and scenarios for AIB UK Leadership Team, Board & Stakeholders. UK Finance undertakes to support and challenge the business in ensuring that the chosen business strategies deliver the required shareholder value at an acceptable level of risk. UK Finance has a number of key activities: Business partnering, External Reporting and Asset & Liability Management (ALM). 

 

Production of UK financial and regulatory reporting is undertaken by a centralised Group function based in Dublin. This means UK Finance are focused on driving value added services for the UK Business and becoming the go-to partner and critical friend for the UK business regarding Financial and regulatory advice.

 

The ALM team (where this role is based) supports the UK businesses of AIB in both GB and NI locations.  ALM has a fundamental role in fulfilling balance sheet analysis, management and reporting.  The unit is currently split into a reporting function and a balance sheet management team, which closely work together.  The reporting function of the ALM unit covers a spectrum of liquidity reporting and monitoring at various levels, such as external regulators, the Board, management teams of both AIB UK and AIB Group.  The balance sheet management team is responsible for liquidity and interest rate risk analysis and management as well as the Bank's funding and deposit pricing strategy, including Funds transfer pricing.

 

THE POSITION:

A significant role within the unit is the role of the Liquidity Reporting Assistant Manager whose key responsibilities include analysis, interpretation and advisory services with regards to UK Liquidity Risk reporting and management, with the report production provided by our Group Finance team, Dublin.      The will involve reviewing reports for delivery to various regulatory bodies, responding to regulatory queries and requests and planning for and the development of future reporting requirements.

The role will give the successful candidate outstanding experience in the fundamentals of liquidity regulation and enhance your understanding of regulatory reporting.  You will become a subject matter expert of liquidity reporting rules, being able to interpret ambiguous regulations, support them with documented rationale and identify the spirit and purpose of the rules. The role will encompass a significant amount of change management.  We are entering a period of extensive regulatory changes and agenda as a result of the PRA's response to Brexit and the successful candidate would play a key role in supporting and participating in the implementation of these regulatory changes.

The role is expected to grow as subject matter expertise develops and will also provide significant opportunities to gain experience across the full spectrum of Asset and Liability Management.

 

ROLE SPECIFIC ACCOUNTABILITIES:

*Liquidity monitoring of key early warning indicators and delivery of high quality and insightful MI to Senior Management and various Governance Committees. *Responsible for the timely review and accurate reporting of all relevant Liquidity Regulatory Returns, including LCR, PRA110, NSFR, ALMM, Asset Encumbrance to the relevant regulatory authorities on a periodic basis as required.  The production of the UK liquidity reports is outsourced to a centralised Group function so the role holder is responsible for reviewing the reports for their completeness and accuracy, providing challenge on the data received and explaining material movements before submission to Regulators. *Continuously improve the controls environment of the liquidity reporting framework ensuring appropriate documentation, service agreements and monitoring is in place at all times. *Influence change to enhance the quality of data from outsource providers utilised in the liquidity reporting metrics.  Partner with the Group reporting teams to investigate and support the review of solutions to streamline and automate the liquidity reporting process. *Support and participate in the implementation of regulatory change.  Analyse and interpret new reporting requirements and support the development of appropriate reporting solutions. *Ensure a collaborative, efficient and productive relationship exists with the centralised units of the Group Financial Control and Group Capital and Liquidity Departments.  Build key relationships with the members of these units with a view to ensuring accurate and efficient first line production of liquidity reporting outputs. *Support the wider ALM team in the development, delivery and execution of an informed and forward looking funding strategy and forward looking Balance Sheet Analysis.  Actively engage in the ILAAP process and support the production of the annual board report. *Assist and participate in ALM projects and process initiatives alongside other subject matter experts as required.
 

 

 

YOU WILL NEED TO SHOW YOU ARE/HAVE:

*Fully qualified with one of the following bodies:

*Association of Certified Chartered Accountants *Chartered Institute of Management Accountants *Institute of Chartered Accountants 

*Good understanding of the principles of liquidity risk management and regulatory requirements with financial services experience, ideally working within a prudentially regulated firm.  *Proven ability and experience in the preparation, review and submission of the regulatory/liquidity returns to the Regulator. *ALM experience and Liquidity experience including knowledge of UK and European regulatory requirements regarding Liquidity.  *Good knowledge of financial and regulatory requirements required whilst working within an ever-changing environment.  Proven ability of reviewing and assessing impacts of new reporting requirements. *Clear thinker with the ability to interpret regulations, navigate complexity and develop processes and controls. *An excellent team player with good communication skills and the ability to establish strong relationships and work collaboratively across teams. *Self-motivated with a desire to learn and contribute within a high performing environment. *Ability to analyse data/information and make recommendations.  *Demonstrable problem solving and decision making abilities. *Ability to work well under pressure and in a flexible manner to meet changing priorities. *Ability to influence and promote collaboration *Aptitude and experience to work independently on projects *Advanced excel skills are a must for this role.  Knowledge/experience of SQL would be desirable.
 

Closing date Friday 8th October

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