VP - Regulatory Accountant
Northern Trust
Total years of experience :14 years, 10 Months
Northern Trust - Investment Bank (www.NTRS.com) London
Regulatory Manager (VP) - Banking and Global Markets Aug’13 - Mar'14
• Manage the regulatory reporting team and provide training and cover as required
• Responsible in reviewing and sign off of daily Capital, LE and Liquidity reports to management for 6 entities
• Responsible in reviewing and sign off of all external reporting requirements to the PRA, FCA, B of E and FED.
• Engage with FC, Compliance, Risk and Treasury on an ongoing basis to ensure reporting output is up to date and meets management requirement
• Oversight of COREP/ FINREP implications and CRD4 reporting requirements and other BASEL 3 requirement
• Sole responsible in preparing and submission of FSA return for 6 BIPRU entities (001, 002, 003, 004, 007, 008, 009, 014, 017, 019, 028, 029, 030, 031, 039, 041, 047, 048, 050, 051, 052, 053, 054, 055) on GABRIEL after sigh off.
• Support ICAAP manager in providing financial data and scrutinise the stress scenarios
• Engage with FC, Compliance, Risk and Treasury on a monthly basis to review and obtain feedback
• Preparing and understanding COREP/ FINREP implications and CRD4 reporting for 2013 and other BASEL 3 requirement
• Monitor Financial Resources Requirement, Large Exposure and Capital planning
• Bank of England prepare and review returns completed by staff
• Finance lead in automation of FSA and B of E reporting project into FRS Global
• Liaise with internal Compliance, Entity Controllers, Risk, Credit, Operation and internal IT development on a regular basis on new product proposal, controls, reviews and system automation development. In addition external auditors, regulators and third parties on change and developments
• Lead organiser of the regulatory forum workshop to anticipate changes and developments within the regulatory environment.
• Monitor and report LAB (liquid asset buffer)
• Manage, and train junior staff
Religare Capital Markets - Investment Bank (www.Religarecm.com) London
Financial/ Regulatory Accountant Sep '10 - Apr '11
• Liaise with various department heads in updating the ICAAP and ILAA
• Monitor Financial Resources Requirement and Capital planning
• Scenario planning in regards to Financial FSA requirements and other ad-hoc projects
• Stress testing liquidity/ exposure requirement
• Monitoring and ensuring settlement of large exposures with counterparties to reduce risk
• Prepare and submit FSA return (001, 002, 003, 008, 009, 019, 055) on GABRIEL and DFSA (Dubai Financial Services Authority)
• Identification and analyses of various business risks
• Monitor and report to Compliance and senior management on Liquidity, exposure and other regulatory requirements
• Weekly/Monthly Calculation of PRR, CRR, LER
• Prepared statutory financial accounts for legal entities within the UK, and meet deadlines without Audit qualification and assist with Audit queries
• Prepare Monthly Management packs for India management
• Manage junior staff
• Prepare Monthly Management packs for various European companies to parent in US, with variance analysis and commentary.
• Mapping TB in Excel to produce FSA Quarterly and Annual reporting
• Prepared statutory financial accounts for legal entities within the UK, within deadlines and without Audit qualification and assist with Audit queries
• Monitor company cash flow and maintain adequate level for operational expenditure
• Conducted Risk Assessment of AP and AR functions to ensure compliance with SOX
• Calculate and pay corporation tax
• Maintain and update all documentation at Companies House for the various entities
• Support junior staff with accounting issues, staff appraisal and recruitment
• Quarterly VAT returns and annual P11D's
• Supervise staff and other Ad-hoc reporting for various senior managements
• Liaise with various department heads in developing the ICAAP
• Monitor Financial Resources Requirement and Capital planning
• Scenario planning in regards to Financial FSA requirements and other ad-hoc projects
• Stress testing liquidity/ exposure requirement
• Monitoring and ensuring settlement of large exposures with counterparties to reduce risk
• Prepare and submit FSA return (001, 002, 003, 008, 009, 019, 028, 029, 030, 038, 039, 041) on GABRIEL after sigh off.
• Identification and analyses of various business risks
• Monitor and report to Compliance and senior management on Liquidity, exposure and other regulatory requirements
Daiwa Securities - Investment Bank (www.uk.daiwacm.com) London
Regulatory Reporter - (contract) Jan '07 - Apr '07
• Daily Calculation of PRR, CRR, LER
• Exposure to products including futures, options, swaps, warrants, CFD's, bonds, equities.
• Analysis of future FSA implementations
Sky Capital UK Limited - Stockbrokers London
Financial Controller (CF13 with FSA) - Perm Jul '05 - Dec '06
• FSA Monthly Reporting
• Liaise with US parent and submit Management accounts and Financial performance
• Monthly, Quarterly and Annual forecasts & Budgets and analysis
• Review and negotiate new supplier contracts.
• Monitor of CFD margin requirements, Financial Resources Requirement & Capital Adequacy Daily & Client exposure/ debts
• Update and implement accounting policies with FSA and Audit standards
• Prepare Financial statements
• Calculate and pay corporation tax
• Review P & L and Balance Sheet and identify possible cost savings/ problems
• Scenario planning in regards to Financial FSA requirements
• Monitor and report to Compliance and senior management on Liquidity, exposure and other regulatory requirements
• Monitor report and maintain Client Money balances, Client queries company cash flow position.
• Liaise with company auditors on accounting procedures and develop and implement reports and practices
• Actively report and manage Client debtors and inform traders in regards to client/ trade exposures and report to management on possible problems
• Accounts receivable/ Payable, Bank Reconciliation, Cash balance and Gross payroll
• Compare and analyse variances from budgets and various ad-hoc reports for senior managements
• Exposure to CFD, Corporate Finance & Equities
• Preparation of monthly/ annual FSA financial reports and monthly management accounts
• Monitor/ Control monthly Stock/ Cash position
• Prepare annual budgets and undertake departmental expenditure analysis
• Monitor Financial Resources Requirement, Capital Adequacy Liquidity, exposure and other regulatory requirements
• All Company Secretary duties
• Actively report and manage Client debtors and inform traders in regards to client/ trade exposures
• Accounts receivable/ Payable, Bank Reconciliation, Cash balance and VAT Returns
• Prepare and analyse daily client debtors and debit interest accordingly.
• Analyse and correct errors on CRR report on a daily basis.
• Payment of company invoices and identification of possible cost efficiencies.
• Support audit queries.
• Monthly commission allocation and statement.
• Settle and assist in trades on in house system and Crest.
• Management of 6 staff
INSINGER TOWNSLEY - Stockbrokers (www.insinger.com) London
Management Accountant/ Asst Financial Controller - Contract Nov '02 - Mar '03
• Preparation of monthly FSA financial reports & monthly/ weekly management accounts
• Recharge of expenses of cost to revenue departments & departmental expenditure analysis
• Monitor, update and report on receipt of Corporate Finance payments
• Other ad hoc work
HOODLESS BRENANN & Prt PLC - Stockbrokers (www.hbmarkets.com) London
Management Accountant/ Asst Financial Controller - Perm Oct '01 - Nov '02
• Exposure to Equities, Market Making and Corporate Finance
• Support 2 staff
• Preparation of daily and monthly FSA financial reports.
• Maintenance of cash flow model for investment committee.
• Monitor Financial Resources Requirement & Capital Adequacy
• Monitoring of strategic investment portfolio and stock valuations.
• Preparation / supervision of various bank and stock reconciliation,
• Preparation of monthly management accounts
• Departmental expenditure analysis.
• Quarterly VAT returns
• Other ad hoc work.
Accountant Aug '99 -Sep '01
• Exposure to CFD, Corporate Finance & Equities
• Preparation of monthly/ annual FSA financial reports and monthly management accounts
• Monitor/ Control monthly Stock/ Cash position
• Prepare annual budgets and undertake departmental expenditure analysis
• Monitor Financial Resources Requirement, Capital Adequacy Liquidity, exposure and other regulatory requirements
• All Company Secretary duties
• Actively report and manage Client debtors and inform traders in regards to client/ trade exposures
• Accounts receivable/ Payable, Bank Reconciliation, Cash balance and VAT Returns
• Prepare and analyse daily client debtors and debit interest accordingly.
• Analyse and correct errors on CRR report on a daily basis.
• Payment of company invoices and identification of possible cost efficiencies.
• Support audit queries.
• Monthly commission allocation and statement.
• Settle and assist in trades on in house system and Crest.
• Management of 6 staff
BA (Hon) Business Finance & Accountancy 2:2 Oct '98 - Jun '99 University of Northampton - (Year 1 & 2) Northampton
BA (Hon) Business Finance & Accountancy Sep '94 - Jun '96 University of Gloucestershire Cheltenham
HND Business & Finance (Merit portfolio) Sep '92 - Jun '94
A Levels: Business Studies (C), Law (D) and General Studies (C)
GCSE: 10, with 8 Grade C and above including English & Math's.