Regulatory Reporting Specialist

BBVA is a global company with more than 160 years of history that operates in more than 25 countries where we serve more than 80 million customers. We are more than 121000 professionals working in multidisciplinary teams with profiles as diverse as financiers legal experts data scientists developers engineers and designers.

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) operationsincluding 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 BBVAs global headquarters in Madrid. The teams 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 branchs liquidity position and balance sheet health.

• Strategic Planning: Leading the budgeting and forecasting processes to align the London branchs growth with the wider BBVA Groups strategic goals.

About the job:

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).

• 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.

Core Competencies:

• Attention to Detail: Meticulous approach to data preparation and validation recognising the critical nature of regulatory submissions.

• Analytical Thinking: Ability to investigate and resolve complex data and reporting issues.

• Communication: Excellent verbal and written communication skills capable of explaining complex regulatory concepts clearly to both finance and non-finance stakeholders.

• Teamwork & Proactivity: Highly motivated proactive and capable of working independently while contributing effectively to a team environment.

Desirable Experience:

• Branch-Specific Knowledge (ideal but not essential): Previous experience working within a UK Branch of a Foreign Overseas Bank with an understanding of the specific reporting nuances for branches vs. subsidiaries.

• System Implementation: Experience in a system migration or upgrading regulatory reporting software (e.g. moving from manual Excel processes to a vendor solution).

• RegTech Curiosity: Familiarity with the BoEs Transforming Data Collection (TDC) initiative and how it impacts future statistical reporting.

Please note that priority will be given to candidates who are elegible to work in the UK.

Skills: