Financial Accountant Regulatory Reporting
The opportunity
This role is responsible for managing the delivery of AMP Bank’s regulatory reporting requirements.
The primary focus of the role is on APRA prudential reporting covering AMP Bank’s financial, product, credit risk and capital positions, and will require active participation in the implementation of changes to the regulatory reporting framework, processes and tools driven by regulatory reporting requirement changes and APRA supervisory activities.
The changes include APRA’s 5-year data roadmap which is a new strategic direction for data collection that will shape AMP Bank’s regulatory reporting strategy. This role is expected to lead the implementation of activities to deliver on internal changes needed to meet this strategic change programme.
The role is also delivering on changes to the new regulatory capital and other regulatory reporting requirements arising from internal and external sources, including leading the upcoming implementation of the revised Pillar 3 capital disclosure requirements and APRA’s 5-year data roadmap.
This will include business engagement, impacts assessment of the revised reporting requirements, and readiness assessment to understand the impacts on data elements which may need to be sourced and co-ordination with other teams to identify and specify changes to processes and systems.
How you will make an impact
• Managing the timely and accurate reporting and submission of the quarterly APRA capital, credit and market risk returns, and the monthly APRA Economic, Financial and Statistical, Covid-19 and Risk Management returns for AMP Bank to ensure ongoing regulatory compliance.
• Leading the data analysis and validation of regulatory returns including performing first level review of the internal review packs for presentation to management.
• Provision of data and information to APRA and other regulatory bodies (RBA, ABS) as and when requested, including responding to various queries from the agencies monthly which will involve cross-team engagement with the Product, Risk and Treasury teams.
• Managing the timely and accurate reporting and submission of the monthly and quarterly ABS and APN returns in addition to the semi-annual Payment Times Reporting for AMP Bank.
• Identifying data quality issues and information gaps impacting regulatory reporting and actively engaging with various divisions to resolve, continuously improve and streamline the regulatory reporting process.
What you will bring to the role
• Ideally at least 5 years experience in a regulatory reporting function in a medium to large financial services organisation, ideally in a retail banking environment
• Solid knowledge of accounting standards and APRA prudential and reporting standards
• Working knowledge of banking and financial products highly desirable
• Relevant accounting degree
• Qualified CA / CPA (or equivalent)
• Excellent understanding of regulatory requirements and business problems and experience with developing pragmatic solutions with a focus on capital, credit risk and regulatory reporting impacts.
To be successful in this role, you have outstanding problem-solving skill, attention to detail and ability to manage your competing priorities and deadlines.
Working for AMP
We are transforming our business. We are looking for people with courage, accountability and integrity who inspire the same in others. If you are comfortable challenging the status-quo and perform at your best in an evolving and complex environment - we need you.
Why we think you’ll love working at AMP
Doing what we’ve always done is not an option, so your clever ideas will get airtime here. You’ll be encouraged to speak up and try new things. If they don’t work, we move on – better for it.
We know there’s no one way of doing things. So, you won’t have to sacrifice who you are or how you work to fit in here. We’re inclusive and flexible in many of the ways you’d expect. And in some of the ways you wouldn’t. As long as your health and wellbeing come first - at home and at work.
We believe in the power of inclusion and diversity
We’re dedicated to fostering inclusion, diversity, and a warm feeling of belonging at AMP. It sparks creativity, ignites innovation, and turns up the dial on the quality of our decisions and performance. This not only makes our workplace more engaged, but also leads to better connections with our customers.
We're your allies in the search for the perfect fit - when you apply, let us know how we can support you to put your best self forward during our selection process.
We're also committed to enhancing employment opportunities for Aboriginal and Torres Strait Islander people, so we enthusiastically encourage candidates from these backgrounds to apply and explore our Reconciliation Plan on our website here
Ready to create your tomorrow?
If you’re someone who sees opportunity where others see challenge, come and work with us in smart, progressive ways as we transform an iconic Australian brand for the future. And, through a series of career-defining moments, create your own tomorrow.
The opportunity
This role is responsible for managing the delivery of AMP Bank’s regulatory reporting requirements.
The primary focus of the role is on APRA prudential reporting covering AMP Bank’s financial, product, credit risk and capital positions, and will require active participation in the implementation of changes to the regulatory reporting framework, processes and tools driven by regulatory reporting requirement changes and APRA supervisory activities.
The changes include APRA’s 5-year data roadmap which is a new strategic direction for data collection that will shape AMP Bank’s regulatory reporting strategy. This role is expected to lead the implementation of activities to deliver on internal changes needed to meet this strategic change programme.
The role is also delivering on changes to the new regulatory capital and other regulatory reporting requirements arising from internal and external sources, including leading the upcoming implementation of the revised Pillar 3 capital disclosure requirements and APRA’s 5-year data roadmap.
This will include business engagement, impacts assessment of the revised reporting requirements, and readiness assessment to understand the impacts on data elements which may need to be sourced and co-ordination with other teams to identify and specify changes to processes and systems.
How you will make an impact
• Managing the timely and accurate reporting and submission of the quarterly APRA capital, credit and market risk returns, and the monthly APRA Economic, Financial and Statistical, Covid-19 and Risk Management returns for AMP Bank to ensure ongoing regulatory compliance.
• Leading the data analysis and validation of regulatory returns including performing first level review of the internal review packs for presentation to management.
• Provision of data and information to APRA and other regulatory bodies (RBA, ABS) as and when requested, including responding to various queries from the agencies monthly which will involve cross-team engagement with the Product, Risk and Treasury teams.
• Managing the timely and accurate reporting and submission of the monthly and quarterly ABS and APN returns in addition to the semi-annual Payment Times Reporting for AMP Bank.
• Identifying data quality issues and information gaps impacting regulatory reporting and actively engaging with various divisions to resolve, continuously improve and streamline the regulatory reporting process.
What you will bring to the role
• Ideally at least 5 years experience in a regulatory reporting function in a medium to large financial services organisation, ideally in a retail banking environment
• Solid knowledge of accounting standards and APRA prudential and reporting standards
• Working knowledge of banking and financial products highly desirable
• Relevant accounting degree
• Qualified CA / CPA (or equivalent)
• Excellent understanding of regulatory requirements and business problems and experience with developing pragmatic solutions with a focus on capital, credit risk and regulatory reporting impacts.
To be successful in this role, you have outstanding problem-solving skill, attention to detail and ability to manage your competing priorities and deadlines.
Working for AMP
We are transforming our business. We are looking for people with courage, accountability and integrity who inspire the same in others. If you are comfortable challenging the status-quo and perform at your best in an evolving and complex environment - we need you.
Why we think you’ll love working at AMP
Doing what we’ve always done is not an option, so your clever ideas will get airtime here. You’ll be encouraged to speak up and try new things. If they don’t work, we move on – better for it.
We know there’s no one way of doing things. So, you won’t have to sacrifice who you are or how you work to fit in here. We’re inclusive and flexible in many of the ways you’d expect. And in some of the ways you wouldn’t. As long as your health and wellbeing come first - at home and at work.
We believe in the power of inclusion and diversity
We’re dedicated to fostering inclusion, diversity, and a warm feeling of belonging at AMP. It sparks creativity, ignites innovation, and turns up the dial on the quality of our decisions and performance. This not only makes our workplace more engaged, but also leads to better connections with our customers.
We're your allies in the search for the perfect fit - when you apply, let us know how we can support you to put your best self forward during our selection process.
We're also committed to enhancing employment opportunities for Aboriginal and Torres Strait Islander people, so we enthusiastically encourage candidates from these backgrounds to apply and explore our Reconciliation Plan on our website here
Ready to create your tomorrow?
If you’re someone who sees opportunity where others see challenge, come and work with us in smart, progressive ways as we transform an iconic Australian brand for the future. And, through a series of career-defining moments, create your own tomorrow.
