Regulatory Reporting Analyst

When we started Kensington we were the first specialist lender to offer mortgages to people the high street turned down. Over 25 years later, we're the UK's leading specialist mortgage lender still blazing a trail offering people the chance to get a mortgage. Where high street lenders see black and white, we've always used our expertise and manual underwriting capability to see the shades in between. In a market where changing lifestyles mean more people are falling outside the traditional mortgage criteria, it's an approach that can make a real difference to people who want to own a property.

It's what we call the Kensington Difference.

Kensington Mortgage Company is a wholly owned subsidiary of Barclays Bank UK PLC from 1 March 2023, and the principal activity of the Company is the origination and servicing of mortgage assets. The Company is authorised by the Financial Conduct Authority for regulated activities.

***THIS ROLE IS A 6 MONTHS FIXED TERM CONTRACT***

KMC after being recently acquired are undergoing a period of change with predominant focus on strengthening our control environment specific to our Regulatory Reporting processes. We are looking for an individual with a strong desire to lead a transformation project and work with internal stakeholders to drive change and enhance our current Regulatory Reporting processes and controls.

This individual must have a strong knowledge of Regulatory Reporting requirements and be able to liaise with a range of internal stakeholders including Executive Management, regulatory report owners and preparers.

• Undertake a review of current Regulatory Reporting processes and controls and identify process and control gaps.
• Implement a plan and manage and oversee the delivery of the plan to strengthen Regulatory Reporting processes and controls, as identified through gap analysis.
• Conduct thorough review of data sources used to produce each regulatory return and work with the regulatory report owners to document data dictionaries for each Regulatory Reporting return.
• Review and update the Regulatory Reporting Policy.
• Produce a suite of Regulatory Reporting documentation to support the Regulatory Reporting process, including the Regulatory Reporting Process Guide, Regulatory Reporting Committee Terms of Reference, and a standard RACI matrix. Align guidance notes and Standard Operating Procedures to create a standard format for each return.
• Identify and assess the risks around each regulatory return, supporting the business in planning and executing mitigating action plans for risks identified.
• Review and assess the effectiveness of the Regulatory Reporting Committee.
• Other ad hoc tasks as required.

• Good working knowledge of regulatory returns within a financial services business regulated by the FCA. Experience of mortgage specific FCA and BoE returns would be an advantage but not essential.
• Demonstrable experience in a transformation or project management role.
• Experience of internal or external audit would be an advantage.
• Ability to network and build relationships across the business in a hybrid working environment and to communicate effectively at all levels.
• Excellent written communication skills.
• Excellent analytical, logical thinking and problem-solving ability.
• Ability to manage expectations of key stakeholders.
• Well organised with attention to detail.
• This person should be able to work with limited supervision and be comfortable providing regular progress updates to senior stakeholders.

Our employees are critical to our success. We work hard to ensure that Kensington Mortgages is a great place to work. We recognise the difference it makes to our business when people challenge themselves and take advantage of the development opportunities available so we try and support everyone however we can.

We also recognise the fact that people seek work life balance and continuously develop our benefits offering to create an inclusive and supportive culture where differences that exist between us all are recognised, understood and valued.

If you want to make a Difference, apply now.