Manager, Regulatory Reporting

About Us:

Zenith Bank (UK) Limited (ZBUK) is a subsidiary of Zenith Bank PLC, the most profitable bank in Nigeria with an established trajectory of superlative performance, as well a strong pedigree of innovation, resilience, and market dominance. On an annual basis, Zenith Bank PLC amasses a string of notable awards; one of the most recent being listed as the sole Nigerian brand on the World’s top 100 companies in 2023 by the World Finance Magazine.

Zenith Bank (UK) Limited (ZBUK) was set up with a clear strategy to leverage trade and investment flows between Nigeria and Europe, by providing intermediary banking services and facilities for trade-related working capital and capital expenditure.

Zenith Bank recognizes the importance of leveraging a highly skilled workforce to achieve its strategic and operational goals. The bank is committed to providing an environment that is conducive for effective performance by availing all staff the necessary learning opportunity. We value the well-being of our staff and we encourage them to strike a balance between their work and personal lives, thereby creating a healthy atmosphere for personal development and career success.

With the introduction of new services here in the UK and our unparalleled knowledge of business with Africa, our 5 year strategy ensures “Controlled Growth” as we aim to become the Bank of choice for businesses wishing to transact in the African continent.

Role Responsibilities:

• Own and lead the end-to-end production, review, and submission of regulatory and statistical returns to the Bank of England (BOE), Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA), and European Banking Authority (EBA), ensuring accuracy, completeness, and timeliness.
• Take full accountability for capital reporting, including interpretation, implementation, and ongoing compliance with Capital Requirements Regulations (CRR) and Basel 3.1 requirements.
• Lead regulatory change initiatives, including Basel 3.1 implementation and the migration of core banking systems (T24 to FLEXCUBE), ensuring regulatory reporting requirements are fully embedded within target architecture.
• Assess and model capital impacts of new products, transactions, and structural changes, providing clear insight to support strategic decision-making and capital optimisation.
• Oversee regulatory reporting systems (STB by Regnology), driving optimisation through gap analysis, system enhancements, and vendor engagement to ensure a robust and scalable reporting framework.
• Direct system testing and change delivery, ensuring timely implementation of regulatory updates and accuracy of reporting outputs.
• Establish and maintain a strong control environment, including ownership of policies, procedures, interpretation papers, and Risk &​ Control Self-Assessment (RCSA), ensuring audit readiness and regulatory compliance at all times.
• Ensure robust data governance, including data integrity, lineage, and reconciliation controls across all regulatory reporting processes.
• Lead engagement with regulators, acting as a primary point of contact for capital reporting matters, including responding to regulatory queries, thematic reviews, and ad hoc data requests.
• Present regulatory outputs and developments to senior management and governance forums (e.g. Market Risk Committee, Assets &​ Liabilities Committee), providing clear, actionable insights.
• Support key regulatory deliverables, including Internal Capital Adequacy Assessment Process (ICAAP), Internal Liquidity Adequacy Assessment Process (ILAAP), Pillar 3 disclosures, and Recovery &​ Resolution Planning (RRP).
• Maintain strong relationships with auditors, external stakeholders and system vendors, acting as the primary contact for regulatory reporting audits, assurance reviews and system enhancements as required.
• Lead, develop, and mentor the regulatory reporting team, fostering a high-performance culture and ensuring appropriate succession planning.

Skills/Knowledge Required:

• Qualified Accountant (ACA/ACCA or equivalent) with significant experience (15+ years) in regulatory reporting within banking, with deep expertise in capital reporting.
• Strong practical experience in delivering CRR requirements, coupled with a demonstrable track record of leading Basel 3.1 implementation initiatives.
• Proven track record in regulatory change and transformation, including core banking system initiatives (e.g. T24 to FLEXCUBE migration).
• In-depth knowledge of BOE, PRA, and FCA regulatory frameworks and reporting requirements.
• Extensive experience with regulatory reporting systems (STB by Regnology) and strong understanding of data and system architecture.
• Strong commercial acumen, with the ability to translate regulatory requirements into business impact and capital optimisation strategies.
• Experience engaging with regulators and presenting at senior governance forums.
• Proven leadership capability with strong stakeholder management and communication skills

This is a permanent position, paying up to £100,000.00 based on experience.