Regulatory Reporting Specialist

About the area:

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.

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).
• Financial & Capital Returns: MLAR, FINREP P&L, PSD001, PSD007.
• 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).

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).

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.