Regulatory & Financial Reporting Manager

Join us as a Regulatory and Financial Reporting Manager in our Private Bank and Wealth Management team in Geneva.

The purpose of the Regulatory and Financial Reporting role within the Geneva platform’s Financial Control function is to ensure that all Finance owned Swiss Capital and statistical returns are accurately completed and submitted to the Swiss regulator and Swiss national bank (FINMA and SNB) within strict deadlines.

In addition, the role holder is responsible for the preparation of the annual report for Barclays Bank (Suisse) SA and is the primary contact during the audit period liaising extensively with the external auditors. Additionally the role holder will support Group Financial reporting under IFRS.

The role holder will have four primary areas of accountability:

• Regulatory and Statistical reporting
  • The role holder is responsible for all Capital and statistical reporting, reporting directly to the Financial Controller.
  • The role holder must understand the Swiss regulatory reporting environment, promptly interpreting and implementing changes as they arise, in the context of a changing environment as well as evaluating the impact of any new products or processes on the Banks Capital reporting. This will require coordinating with the relevant functions / parties to implement changes to:  the core banking system, the dedicated Legal reporting software and tools, as well as the control framework around them, including documentation of requirements, analysis and advice to Technology development staff and user testing of changes.
  • The role holder is expected to liaise directly with the SNB to resolve queries that may periodically arise.
• Preparation of the annual financial statements
  • The role holder is fully responsible of the preparation of the annual financial statements for Barclays Bank (Suisse) SA in compliance with the relevant Swiss Ordinance and Circular. The production consists of producing the balance sheet, profit and loss, disclosures and commentaries.
  • The role holder will be a primary contact for the external auditors and will have an essential role in the coordination between auditors, finance team and other business areas engaged in producing the annual report and supporting the audit.
  • The role holder will manage auditor queries, liaise with marketing for the production of the Annual Report and liaise with senior management for approvals.

• Capital Management
  • The role holder will prepare the monthly Capital forecast together with commentaries explaining actual numbers and variance to forecast.
  • The forecast and commentaries form part of the monthly Treasury committee pack and the role holder will present them to the committee addressing any queries raised.
  • The role holder will complete and present a variety of additional analysis addressing current Capital related topics at the request of the Treasury committee.
  • The role holder will also act as secretary for the Treasury committee, co-ordinating meetings, preparing and circulating minutes, ensuring the meeting is properly constituted etc.
  • The role holder will prepare the annual Capital stress testing and Capital Plan, in collaboration with other Finance colleagues and business areas, for inclusion in the Bank’s annual capital plan for submission to the Board of Directors.
• Swiss Finance projects
  • The role holder will work closely working with IT managers and developers in order to find the best solutions for Financial and Regulatory Reporting projects and will assist with other finance team projects.

Essential Criteria:

• The successful candidate will ideally have at least 5 years’ experience in a Swiss banking environment in a Finance/Regulatory reporting role
• In depth knowledge of standard banking products and Swiss accounting rules
• Fluency in English and French
  

Desirable Criteria:

• Previous experience using Avaloq and FIRE
• The successful candidate will have a university qualification in Finance / Accounting
• Proven experience managing clients
  

This role is based in Geneva.

You may be assessed on the key critical skills relevant for success in role, such as risk and controls, change and transformation, business acumen strategic thinking and digital and technology, as well as job-specific technical skills.

Purpose of the role

To manage the financial operations of the organisation, ensuring the accuracy, integrity, and reliability of financial reporting. 

Accountabilities

• Management of the preparation and presentation of accurate and timely financial statements, and other accounting records in accordance with the relevant accounting standards, rules and regulations.
• Support in identification, assessment, and mitigation of financial risks, and report on these financial risks to senior colleagues.
• Development and maintenance of a robust system of internal controls to safeguard assets, ensure that there is no fraudulent misreporting, and ensure the accuracy of financial data, including regular assessment of the effectiveness of internal controls addressing any weaknesses or gaps.  .
• Development and implementation of up-to-date financial policies and procedures to ensure consistent and effective financial practices across the organisation.
• Management of the selection, implementation, and maintenance of financial systems and software applications, including collaboration with IT colleagues to integrate financial systems with other enterprise systems.
• Preparation and submission of statutory and regulatory reports to authorities, and provision of support to other departments in their preparation and review of regulatory reports.
• Coordination with external auditors and regulatory authorities in support of audits and examinations.

Assistant Vice President Expectations

• To advise and influence decision making, contribute to policy development and take responsibility for operational effectiveness. Collaborate closely with other functions/ business divisions.
• Lead a team performing complex tasks, using well developed professional knowledge and skills to deliver on work that impacts the whole business function. Set objectives and coach employees in pursuit of those objectives, appraisal of performance relative to objectives and determination of reward outcomes
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they will lead collaborative assignments and guide team members through structured assignments, identify the need for the inclusion of other areas of specialisation to complete assignments. They will identify new directions for assignments and/ or projects, identifying a combination of cross functional methodologies or practices to meet required outcomes.
• Consult on complex issues; providing advice to People Leaders to support the resolution of escalated issues.
• Identify ways to mitigate risk and developing new policies/procedures in support of the control and governance agenda.
• Take ownership for managing risk and strengthening controls in relation to the work done.
• Perform work that is closely related to that of other areas, which requires understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Collaborate with other areas of work, for business aligned support areas to keep up to speed with business activity and the business strategy.
• Engage in complex analysis of data from multiple sources of information, internal and external sources such as procedures and practises (in other areas, teams, companies, etc).to solve problems creatively and effectively.
• Communicate complex information. 'Complex' information could include sensitive information or information that is difficult to communicate because of its content or its audience.
• Influence or convince stakeholders to achieve outcomes.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.