Financial Regulatory Reporting Accountant jobs at Intercontinental Exchange - Ice in United Kingdom, London

Job Purpose

Intercontinental Exchange is looking for a Senior Financial Analyst. This position is based in London and reports to the Manager of Finance as part of our Exchange Segment finance team, and works closely with senior management. As a Senior Financial Analyst within the Finance department, you will gain in-depth knowledge of the energy market maker rebate programmes to aid in the rebate process, from initial calculations through to payment and reporting of rebates. Additionally, you will support the monthly forecast and annual budget processes as well as other ad-hoc volume, revenue and RPC reporting.

Responsibilities

• Calculate and accrue market maker rebates and prepare rebate payment schedules
• Prepare reports for senior executives, market participants and industry bodies etc.
• Provide monthly reports to market maker participants
• Should eventually become subject matter expert for all energy market maker programmes
• Support monthly Flash Reporting / Press Release process
• Support monthly forecast process
• Support annual budget process and preparation of annual Board presentations
• Provide ad hoc analysis as required by the business

Knowledge and Experience

• Hands on experience in financial analysis
• Must possess strong analytical and financial analysis skills
• Must have excellent written and verbal communication skills
• Must be detail-oriented, well-organized, and self-motivated
• Must work well in a fast-paced, deadline driven environment
• Strong technical aptitude and understanding is preferred
• Advanced Microsoft Office skills (Excel, Word, PowerPoint)
• Experience with financial markets and/or exchanges a plus
• Experience with Python, R or equivalent a plus
• Educated to degree level. Early stages of professional qualification (CIMA/ACCA or equivalent) / or could be qualified by experience if they have the requisite background.

Responsibilities

• Primary contributor to ICE’s European and APAC entities statutory accounts process, including preparation of statutory accounts primarily using Workiva software. Presently around 70 active entities;
• Coordination of the external audit process and timetable management for ICE’s European and APAC entities including liaison with multiple auditors and implementing and coordinating other actions relating to the statutory accounts;
• Using financial data from the finance system (Oracle cloud), preparation of statutory accounts for multiple geographic regions and under multiple GAAPs including UK, IFRS, Singapore & Dutch GAAPs;
• Oversee and coordinate the overseas audit and filing process with third-party service providers in multiple countries, for example: Luxemburg, Germany, Switzerland, Belgium, Italy & France;
• Key member of the Financial and Regulatory Reporting team, supporting with tasks such as preparation of board and committee papers and materials, including producing financial reports to support the quarterly dividend cycle, interim accounts, and capital monitoring and forecasting.
• Key contact for wider Finance team and ICE organisation in respect of technical accounting support where necessary including preparation of technical accounting board papers and memos, and supporting the wider Finance team to ensure the accuracy of GAAP adjustments;
• Provide technical support relating to corporate transactions and acquisitions, and horizon scan to ensure adherence to new accounting standards and regulations;
• Support with the integration of newly acquired entities into ICE established statutory reporting and audit process;
• Support regulatory and prudential reporting. Regulated firms include multiple U.K. and overseas Investment Exchanges, Clearing Houses, Investment firms and others, supervised by multiple regulators such as the FCA, BoE, ESMA, NFA, AFM, DNB, MAS and CFTC;
• Responsibility for overseeing and monitoring the daily calculation and review EBA capital requirements and providing support on annual regulatory capital assessments as required;
• Monitoring and reporting on risk metrics for regulatory and board reporting purposes and ad-hoc project work as required.

Knowledge and Experience

• Post qualification experience is desirable but not essential;
• Extensive statutory accounts preparation and/or review in accounting practice or similar large group;
• Audit process experience, either as an auditor or as a key audit contact;
• Exposure to and experience of accounting in more technical areas;
• Experience of running projects to timelines and managing multiple deliverables;
• Financial services experience, regulatory reporting experience or previous project experience is desirable but not essential;
• Experience of integration and acquisition, especially regarding overseas entities and GAAPs, is desirable but not essential;
• Prior use of accounting applications e.g., Oracle Cloud, Workiva is desirable.
• Educated to a degree level or has other relevant experience;
• Recognised professional accounting qualification (ACA, CIMA, ACCA or equivalent) is desirable. Part qualified candidates will also be considered;
• Good knowledge of theory, generally accepted accounting principles and practices, applications, and terminology of accounting, including financial statement preparation. This should include knowledge of UK GAAP and IFRS;
• Desirable to have working knowledge of US GAAP and other non-UK accounting standards;
• Highly developed communication skills, both written and oral;
• Strong organisational and time management skills, including ability to manage conflicting deliverables and priorities;
• Communicates important developments to the relevant and appropriate audiences in a timely and consistent manner;
• Ability to communicate confidently and concisely with senior stakeholders;
• Ability to analyse complex business financial data and develop innovative solutions along with the ability to be detail-oriented;
• Must possess great attention to detail, self-motivated and self-starting;
• Must be focused and deadline driven, efficient and be capable of managing a process from start to finish;
• Clear commitment to a collaborative team approach, exchanging ideas, fostering friendly and cooperative relationships and providing support to colleagues;
• Models a ‘can-do’ attitude and takes initiative as a self-starter; inspires and motivates others to do the same.

Job Purpose

The candidate will be involved in the overall management of regulatory focused projects within the department, including the production of business requirements, reviewing & approving functional specifications and the user acceptance testing/validation of the final reporting deliveries. This will require comprehensive knowledge of ICEUs regulatory requirements, industry standards and company policies. As well as a good understanding of project delivery lifecycle process and ability to coordinate closely with ICE’s technology development teams based in Atlanta.

The role will require an understanding of the legislation underpinning the regulatory reports and the ability to analyse the impact from changes to that legislation on those reports. The candidate will be expected to represent ICEU in meetings with, and respond to questions and requests from, regulatory authorities, particularly the Bank of England, ESMA and the CFTC. Some of these requests may be complex and urgent in nature and ICEU senior management places a high priority on this work. The candidate will also be expected to actively participate in EACH (European Association of CCP Clearing Houses), FIA (Futures Industry Association) and other relevant industry working groups.

Responsibilities

• Provide Project Management of regulatory reporting initiatives : including planning process, business requirement definition, test design, planning and execution are key aspects of the role.
• Give functional assistance and advice to development team(s): regarding new reporting activities or modifications of existing activities and changes to specifications or to assist in resolving issues in reports.
• Ongoing reconciliation : Help to automate the ongoing reconciliation of the department’s reporting requirements.
• Monitor Regulatory Activities: Ability to analyse changes to legislation and rules and the impact on regulatory reporting, and respond to those that may impact ICEU.
• Maintain Records and Documentation : Maintain accurate and up-to-date records of compliance activities, including documentation of regulatory interactions.
• Subject Matter Expertise : Ability to integrate business knowledge and reporting requirements to provide subject matter expertise for both internal and external stakeholders.
• Collaborate with Stakeholders : Collaborate with internal stakeholders, such as risk business units, operations, and other departments, to ensure compliance with regulatory requirements.

Knowledge and Experience

The areas involved are numerous and complex. Regulatory reporting requires an understanding of transaction flow through various clearing states such as risk management, operational processes and treasury management. Regulatory reporting experience is essential, preferably knowledge of EMIR, SFTR, CFTC 39.19 and ISO20022 CCP Supervisory Reporting. However, other regulatory reporting experience, such as understanding of MIFID II, MIFIR or Fundamental Review of Trading Book (FRTB) will be considered if it demonstrates the skills required to interpret regulation and how to apply it to business processes.

Ideally the candidate would come from a clearing background, with good knowledge of the overall regulatory landscape. However, experience of working in the Finance sector for a number of years and the capacity to quickly understand the sometimes complex and extensive business processes and data is key.

Futures and Options knowledge is a must have and should include a solid understanding of the concepts, terminology and lifecycle of the contracts. Strong knowledge of post trade / clearing applications and functions therein is desirable as is any specific experience of energy and/or commodities markets.

IT skill set – an IT background with Business Intelligence is preferable, with solid working knowledge of business intelligence tools such as Tableau, SQL developer or other data analysis skills that demonstrate the structure and analytical skills together with the persistency and logical nature required to perform this role.

Essential

• Higher level education

Desirable

• Training in IT development methodologies, such as Agile, Waterfall

Responsibilities

• Research and design innovative quantitative solutions tailored for OTC derivatives and exchanged traded options.
• Explore and leverage cutting-edge Artificial Intelligence and Machine Learning techniques for quantitative modeling purposes.
• Design and deploy pricing models and calibration tools for a spectrum of derivatives including Interest Rate, Equity, FX, and Commodity derivatives.
• Furnish comprehensive analysis and documentation elucidating methodologies, techniques, and discoveries.
• Investigate and manage large data sets.
• Explain model behavior, carry out scenario analysis, provide guidance and analytics.

Knowledge and Experience

• Extensive experience in a quantitative field.
• Creative, innovative, and passionate about quantitative research and modeling.
• Hard worker and team player, highly self-motivated in learning and applying new techniques.
• Ability to solve real world business problems using quantitative and computational techniques.
• Ability to implement algorithms in multiple computing environments and languages.
• Strong oral communication and documentation skills.
• Strong C++ programming skills required.
• Experience working with FX or Equities required.
• Degree or above in math, physics, finance or similar quantitative fields required.
• Strong understanding of financial markets, options, and asset pricing and modeling preferred.
• Additional work experience in financial industry using C#, EXCEL, Python, MATLAB advantageous.