About us:

Commonwealth Bank of Australia (Europe) N.V. (CBA NV) is a public limited company (Naamloze Vennootschap) in the Netherlands and a subsidiary of Commonwealth Bank of Australia (“CBA”), an Australian banking corporation. CBA NV recently was authorized by the European Central Bank (ECB) as a credit institution, thus is a fully licensed credit institution to undertake banking business and investment services and activities. CBA NV is part of CBA’s wholesale banking division, Institutional Banking and Markets (“IB&M”).
 

About Institutional Banking & Markets:

The IB&M division serves the financial needs of large institutions and governments across Australia and New Zealand and in select international markets in Europe, Asia and the Americas. IB&M’s purpose reflects the unique and pivotal role it plays for the CBA Group and Australian economy: “IB&M combines global connectivity and capability to build a better Australia”. The division is the CBA Group’s centre of excellence for high-value, low frequency, client-tailored solutions. Its aim is to provide clients with access to capital, risk management solutions and facilitates cross-border capital flows.

About CBA NV:

Having a presence in the European market is critical for the CBA Group as it provides the global capability and connectivity that is required to build a better Australia. CBA NV acts as the European gateway to Australia and New Zealand to facilitate investment and bilateral trade.

The Amsterdam entity has an entrepreneurial mentality and employees are pro-active and flexible.  We are committed to investing in our people, systems, processes and policies to ensure our workplace is Diverse and Inclusive, and we expect our people to work together to achieve a culture demonstrating the CBA core values (“Care, Courage and Commitment”) that supports this commitment. Working in our team in this phase is a great opportunity to further grow the entity and in special our regulatory position.

We are recruiting a well-rounded and experienced Regulatory Reporting Manager.  This role is an integral part of CBA NV’s Finance’s Regulatory Reporting team.

The regulatory reporting team is responsible for external financial reporting which includes the EBA suite of prudential reports Finrep, Liquidity and Corep and local and statistical reporting requirements such as ANACREDIT. You will be looking after business as usual reporting to ensure complete, accurate and timely delivery.

The team is also responsible for internal reporting where you assist in the reporting of solvency and liquidity ratio’s, risk weighted assets, large exposure monitoring and collective provisions to our internal stakeholders.

In this role you will work closely together with your 2 regulatory reporting Senior Managers and the financial controller of CBA N.V.  as well as with internal business stakeholders such as Treasury, Risk, Legal and the business front office teams.

As we are a subsidiary of a Sydney based bank you will work together intensely with IB&M Finance in Sydney.

Within a growing bank and a changing regulatory landscape you will support the IT Reporting product owner with data validation and acceptance testing with the goal to further automate the changing and developing reporting process where necessary.

The main responsibilities of this role are:

• Contributing to an accurate and timely delivery of all the Regulatory Reporting of CBA Europe NV
• Maintain the Regulatory Reporting infrastructure so that it meets all applicable regulatory requirements
• Positively contribute and collaborate with IB&M Finance colleagues and CBA Group stakeholders on a daily basis
• Remain up to date with new relevant legislation and proactively drive timely revision to reporting processes (i.e. change management)
• Create high quality standard operating procedures to mitigate key person dependency risk
• Perform deep-dives regarding specific return items to identify potential errors and inefficiencies
• Review and enhance all regulatory process and static data documentation.

Qualifications and skills:

• At least 5 years experience in the preparation in regulatory (DNB) and statistical returns, including FINREP, Liquidity, COREP, ANACREDIT etc., for a fully licensed (wholesale) bank in the Netherlands
•  Relevant Master degree in finance or business studies and a strong analytical mindset with the ability to apply commercial reasoning and constructively challenge stakeholders where needed
• Ability to interpret (changes in) Dutch and EU legislation and apply and implement to CBA
• Experience within a wholesale bank environment; knowledge of financial markets products is critical (MM, securities, swaps and other derivatives)
• Self-starting and hands-on personality and ability to work under pressure, adapt and excel in a start-up environment
• Experience with regulatory reporting tools and their data models (Adenza, WK etc)
• English Proficiency and an unyielding integrity.

Advertising End Date: 23/12/2024