Regulatory Reporting Specialist

The Finance team at BBVA London is a high‑impact, multidisciplinary unit responsible for the financial integrity, strategic planning, and regulatory reporting compliance of the UK branch. We act as a critical partner to the business, ensuring that our Corporate & Investment Banking (CIB) operations—including Global Markets, Global Transactional Banking and Investment Banking & Finance teams—are supported by robust financial frameworks.

Working in the London Finance team involves a dynamic mix of local branch management and integration with BBVA’s global headquarters in Madrid. The team’s scope includes:

• Financial & Management Reporting: Delivering accurate monthly, quarterly, and annual financial statements.
• Regulatory Reporting Compliance: Managing the relationship with UK regulators (PRA/FCA), ensuring the branch meets all reporting requirements.
• Business Partnering: Collaborating closely with Front Office teams (e.g., IB&F and GTB) to analyze profitability and performance metrics.
• Tax & Treasury Oversight: Ensuring the UK tax strategy is executed with integrity while monitoring the branch’s liquidity position and balance sheet health.
• Strategic Planning: Leading the budgeting and forecasting processes to align the London branch’s growth with the wider BBVA Group’s strategic goals.

Key Responsibilities

1. Regulatory Reporting (80% Focus)

• Preparation & Submission: Take primary responsibility for the accurate and timely preparation and submission of a significant portfolio of BoE and PRA/FCA regulatory returns, including but not limited to:
• Statistical Returns: BT (Balance Sheet), EL (Eligible Liabilities), AD (Deposits), AL (Lending), CC (Country Analysis Claims), CL (Country Analysis Liabilities), BE (Sectoral Detail), PL (Profit & Loss), BG (Non‑resident transactions by geography).
• Deposit Protection: Single Customer View (SCV) files.
• Data Sourcing & Integrity: Work closely with the IT and Operations teams to ensure the underlying source data for all returns is complete, accurate, and consistent with accounting records.
• Validation & Control: Perform rigorous validation checks, variance analysis, and reconciliations to ensure compliance with reporting instructions (e.g., PRA Rulebook, BoE Data Items).
• Change Implementation: Monitor and assess the impact of new and evolving regulatory reporting requirements (e.g., changes to BoE/PRA templates, IFRS updates) and contribute to their successful implementation.

2. Management Information & Analysis (20% Focus)

• ALCO Reporting: Assist in the preparation of high‑quality Management Information (MI) packs for the Asset and Liability Committee (ALCO), focusing on liquidity, interest rate risk, and balance sheet movements.
• Management Committee Reporting: Contribute to the preparation of MI for the London Management Committee (LMC), providing clear and concise commentary on key financial metrics, regulatory compliance, and performance against budget.
• Regulatory and Compliance Committee: Provide reporting updates to the Committee.
• Ad‑hoc Analysis: Provide analytical support for various financial and regulatory projects as required by senior management.

Required Skills and Experience

• Essential Experience (3‑5 Years)
• Minimum of 3 years of direct experience in Regulatory Reporting within a UK regulated financial institution (ideally a Branch or Investment Bank).
• Proven hands‑on experience in preparing and submitting a substantial number of the listed returns (BT, EL, AD, AL, CC, CL, PL, MLAR, FINREP).
• Solid understanding of the PRA Rulebook, EBA reporting standards, and BoE statistical reporting requirements.
• Strong knowledge of Core Banking Products (Loans, Deposits, Interbank activity).
• Demonstrable experience in using Regulatory Reporting software (Wolters Kluwer / FRS / OneSumX / Regpro / RiskPro).
• Advanced Excel skills (Pivot Tables, VLOOKUPs, data manipulation).
• Advanced Microsoft Access skills.

Qualifications

• A degree in Finance, Accounting, Economics, or a related quantitative field.
• Part‑Qualified or Qualified Accountant (ACA, ACCA, CIMA) or equivalent relevant professional qualification is highly desirable.

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