Capital Management and Regulatory Reporting has three key activities, all of which also serve the Treasury function to a greater or lesser extent.
TCM Reporting and Stress Testing is responsible for the calculation and reporting of the Bank's capital and liquidity positions as well as all prudential returns to the Prudential Regulation Authority (PRA) and Bank of England (BoE) covering capital, liquidity, large exposures, leverage, net stable funding ratio (NSFR), asset encumbrance and a range of statistical returns, as well as various internal Mangement information packs. Governance of all local reporting requirements is exercised via the quarterly RegGov forum
The function is also responsible for the provision of regulatory information to ICBC Head Office Asset and Liability Management (ALM), Management Information and Risk Management departments in Beijing for their consumption and to support onwards submission of returns to the China Banking and Insurance Regulatory Commission (CBIRC).
Budgeting, forecasting and stress testing encompasses the monitoring and management of capital supply and demand over the planning horizon, and parameterising and running periodic stress tests to assess the firm's capital and liquidity position under severe but plausible market scenarios.
TCM Control and Change assumes ownership of all capital and liquidity reporting systems with responsibility for Run-the-Bank (RTB) and Change-the-Bank (CTB) change management of these systems.
This includes management and prioritisation of IT resource and release cycles to deliver regulatory driven system changes and accommodate new business activities.
The function also owns and manages the wider control framework within Treasury & Capital Management (TCM), including designing reconciliations, spot check and deep dive reviews, maintenance of Business Operating Model and Control Framework documents, Key Risk/Control Indicator monitoring (KRI/KCI), input into the Risk Control self assessment process and audit management.
TCM Policy and Business Liaison is responsible for liquidity and capital related regulatory policy adherence for the Group across all pillars, including identifying regulatory changes concerning liquidity and capital, the production of key annual documents including the Internal Capital Adequacy Assessment Process (ICAAP), the Internal Liquidity Adequacy Assessment Process (ILAAP), Recovery and Resolution Plans (RRP) and Solvent Wind Down Plan (SWDP), managing the Contingency Escalation frameworks and supporting the business on capital and liquidity optimisation and business initiatives (at times undertaking cross-Finance co-ordination).
The function represents the Capital Management/Reg Reporting and Treasury teams in new product discussions, advising on the capital and liquidity impacts of new trade types or specific structures and subsequently working with TCM Control and Change and TCM Reporting to ensure the structure is understood and any necessary system enhancements are implemented. It is also responsible for representation of the firm at industry forums.
This is a key role within the TCM Reporting team, with a focus on the calculation, analysis and reporting of the firm's capital, large exposures, leverage, funding and liquidity position for use by internal and external stakeholders. The role offers cross training and rotation across the dfferent disciplines within the team.
Key strategic objectives are:
- All key regulatory calculations performed in line with regulatory rulebook.
- Delivery of regulatory information within the firm that is timely, accurate and relevant to the needs of business and management.
- Completion of regulatory returns to the PRA and CBIRC in line with requirements, supported by robust review processes.
- Develop and maintain a strong relationship with the Head Office Asset & Lialbility Management
- Ongoing review and challenge of all key data attributes and processes that support the calculation and reporting of the firm's capital, liquidity and balance sheet position.
- Close working relationship with departments across the Bank (including Financial Reporting, Risk, Front Office and IT) to support new business initiatives and regulatory developments.
- Review and strengthen the control environment surrounding TCM reporting requirements
- Ability to support bank-wide change initiatives and deliver against regulator-driven change
The below responsibilities may depend on the team you are working for:
Assist in the timely and accurate completion and submission of all capital and liquidity returns and provision of management information, including:
- Regulatory Capital and Large Exposures (LE) calculations
- Daily Regulatory Capital and LE reports to business and management
- Daily Liquidity headroom reporting against the Liquidity Coverage Ratio (LCR) and internal stress tests, as well as Net Stable Funding Ratio (NSFR)
- Monthly EBA Funding & Liquidity Regulatory reports: LCR, Additional Liquidity Monitoring Metrics (ALMM) and Net Stable Funding (NSF)
- Quarterly Common Reporting (COREP) returns to the EBA & PRA covering Own Funds, Risk Weighted Assets, Large Exposures, Asset Encumbrance and Leverage
- Monthly and quarterly PRA Liquidity & Interest Rate Risk in Banking Book (IRRBB) reports: PRA110 and FSA017
- Quarterly Capital, Leverage, Funding & Liquidity data to ICBC Head Office
- Production of management reports to governance committees such as the Asset-Liability Committee and the Board Risk Management Committee
- Assist in the design and delivery of control improvements to TCM reporting processes (including embedding control frameworks and Business Operating Models)
- Key involvement in TCM RCSA (Risk Control Self Assessment) process and Key Control Metric monitoring
- Active engagement with the Finance IT function to deliver TCM system changes
- Play key role in delivery of core regulatory change initiatives
Responsible for the delivery of:
- Detailed analysis and commentary on changes in capital, funding & liquidity positions
- Executive summaries and presentations for Senior Management
- Presentations on results in the Senior Management review meetings
- Information for inclusion in Annual Financial Statements, Pillar 3 and ICAAP/ILAAP documents for the year-end reporting cycle
- Testing of ongoing system changes
Controls and efficiency
- Support the reconciliation of capital and liquidity data to the general ledger as part of the month end process to validate regulatory returns
- Actively work to reduce the number of manual adjustments and work collaboratively with other teams to avoid duplication of work and bring about efficiencies
- Identify areas in the procedures which can be improved so as to provide time savings and / or an enhanced control environment. Improvements may relate to spreadsheets and procedures or changes to calculation engines and reporting systems.
- Assist in the subsequent implementation of the proposed changes
Finance graduate scheme
This Analyst role falls under the Finance graduate trainee programme and the Bank envisages that for the first 36 months of your employment (until graduation) you will participate in this scheme.
Under the scheme the role offers cross training and rotation opportunities across the different disciplines within the team as well as other Finance areas and there also is an expectation that graduates study towards and complete a relevant professional qualification (such as CIMA or ACCA) offered by the Bank.
Preferred Qualifications and Experience
- Degree educated with strong academic background
- Previous experience working in Financial Services is desirable although not required
- Basic financial instrument knowledge would be beneficial
- Microsoft Office application knowledge (Excel, PowerPoint, Access) would be beneficial
Suitabiliy for the role
The role would suit someone who:
- Prefers a day to day role with a set schedule and relatively stable workload
- prefers working in a controlled environment and operating in accordance with agreed policies and procedures
- Has an affinity for accounting concepts (including willingness to study towards an accountancy qualification)
- Is a good communicator and enjoys working collaboratively across a range of stakeholders in a multicultural environment
- Is self-driven and has a natural curiosity and desire to learn
- Is organised and can prioritiese and attend to a number of tasks at one given time
- Emphasises great attention to detail
- Has good problem solving/analytical skills
- wants to fully understand end to end processes and proactive in following up on and resolving any issues
The role would not suit someone who:
- Prefers a role with a very varied workload and a more flexible schedule
- Wants to express their creativity and prefers to innovate rather than following set processes
- Prefers to work independently and has difficulty working in a team
- Has difficulty working in a traditional hierarchy
- Does not want to study for an accountancy qualification whilst working full time which requires dedication and good time management skills