Deputy Regulatory Controller, UK

London - UK

Monthly Salary: Not Disclosed

Posted on: 8 hours ago

Vacancies: 1 Vacancy

Job Summary

Company:

Marsh Corporate

Description:

We are seeking a talented individual to join our Finance Controllership team at Marsh. This role will be based in London. This is a hybrid role that has a requirement of working at least three days a week in the office.

The UK Deputy Regulatory Controller is a senior leadership position responsible for assisting the UK Regulatory Controller in ensuring accurate and timely regulatory reporting and compliance with Financial Conduct Authority (FCA) requirements while overseeing a broad range of financial controllership activities across the UK region.
This role supports the management of regulatory capital adequacy client money rules liquidity monitoring and related financial controls alongside coordinating audits managing corporate transactions and liaising with internal and external stakeholders to uphold regulatory compliance and financial integrity.
This role offers excellent long-term opportunity for career development.

We will count on you to:

Assist in Regulatory Reporting:

Ensure timely and accurate FCA reporting including quarterly and monthly returns TC2.4 and ICARA submissions.
Prepare returns to FCA Trial Balances (TBs) and conduct fees analysis; support capital solvency calls for FCA.
Manage quarterly regulatory data reviews and submissions for RIS and Consulting companies monthly Financial Resilience returns (RIS) quarterly Consulting returns and respond to ad hoc FCA queries.
Oversee FCA liquidity reporting on a monthly and ad hoc basis.

Assist in FCA Compliance Oversight:

Ensure compliance with regulated entity rules (e.g. Mercer Ltd restrictions on client money) MiFID reporting and ICARA requirements.
Monitor FCA rule changes and assess business and reporting implications including CWB Dormant Assets Scheme and Payment Service Providers.
Manage CASS rules compliance including breach remediation for common issues such as late cheque banking incorrect legal entity use and client documentation errors.
Oversee segregation of client money in Trust accounts ensuring correct account naming conventions and Trust acknowledgment letters.
Monitor regulatory solvency for entities and coordinate recapitalisation as necessary.
Apply the 3 Line of Defence model to ensure adherence to Client Money rules and other regulatory requirements.
Handle non-client money transactions in NST assist with overseas office payments BP claims entity splits and UK calculations.
Monitor regulatory capital adequacy and liquidity providing board reporting and modelling for corporate transactions cash pool changes and business transfers

Assist in Committee and Board Reporting in respect of financial regulatory compliance:

Prepare and present reports to the CASS Committee (a sub-committee of the Audit Committee) including papers minutes and action tracking.
Deliver quarterly Audit Committee reports on regulatory capital compliance.
Support Board reporting for Marsh Ltd CFO including client money and key regulatory topics reviewing Board papers for Marsh Ltd and MMCSL.

Assist with Audit Coordination:

Assist and coordinate audits including the Annual Client Money audit Annual Negative Assurance Biennial Internal Audit and Compliance Monitoring ensuring timely completion.
Lead remediation of Client Money audit breaches management letter points internal audit findings and compliance monitoring issues related to client money and capital adequacy.

Assist in overseeing monthly Client Money Calculations:

Assist with monthly client money calculations and reviews including Brexit Branches Risk Transfer (non-client money) and client money calculations.
Maintain client money breach logs approve corporate to NST bank transfers of misallocated funds and update Credit Write Back policy per FCA guidance.

Projects and Corporate Transactions:

Lead fiduciary migration projects including planning testing and reconciliation reviews.
Manage corporate transactions such as business transfers hive-ups share capital reductions recapitalisations share buybacks dividends and entity reorganisations. Prepare board papers attend meetings and present financial impacts.
Maintain risk registers for Consulting and RIS liaising with Risk Compliance and Finance teams.
Model impacts of tax/treasury projects acquisitions and disposals for board reporting.

What you need to have:

Bachelors degree in finance accounting economics or similar discipline required.
Qualified Accountant preferably ACA; ACCA or ACMA
Significant experience in finance controllership within a large corporate financial services company.
Financial regulatory reporting experience of dealing with FCA is essential
Ability to provide and oversee financial information for the region functions and infrastructure including firm wide initiatives.
Ability to lead and drive change within a transforming and matrixed organization. Streamlines and standardizes financial activities and procedures to improve efficiency.

What makes you stand out

Previous team management experience
Experience within an Insurance Broker

Why join our team:

We help you be your best through professional development opportunities interesting work and supportive leaders.
We foster a vibrant and inclusive culture where you can work with talented colleagues to create new solutions and have impact for colleagues clients and communities.
Our scale enables us to provide a range of career opportunities as well as benefits and rewards to enhance your well-being.

Marsh (NYSE: MRSH) is a global leader in risk reinsurance and capital people and investments and management consulting advising clients in 130 countries. With annual revenue of over $24 billion and more than 90000 colleagues Marsh helps build the confidence to thrive through the power of perspective. For more information visit or follow us on LinkedIn and X.

Marsh is committed to embracing a diverse inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background civil partnership status disability ethnic origin family duties gender orientation or expression gender reassignment marital status nationality parental status personal or social status political affiliation race religion and beliefs sex/gender sexual orientation or expression skin color or any other characteristic protected by applicable law. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments please contact us at

Marsh is committed to hybrid work which includes the flexibility of working remotely and the collaboration connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one anchor day per week on which their full team will be together in person.

Company:Marsh CorporateDescription:We are seeking a talented individual to join our Finance Controllership team at Marsh. This role will be based in London. This is a hybrid role that has a requirement of working at least three days a week in the office.The UK Deputy Regulatory Controller is a senio...