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ICARA & ICAAP Reporting Accountant

Absolute Recruit
Posted a day ago, valid for 16 days
Location

London, Greater London W12 9JB, England

Salary

£50,000 - £60,000 per annum

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Contract type

Full Time

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Sonic Summary

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  • The ICARA/ILAAP & ICAAP Project Lead position is located in West London and offers a 6-month interim contract with a day rate of £600 to £800.
  • Candidates should have demonstrated experience in ICARA/ILAAP and ICAAP projects within the financial services sector, particularly in brokerage or trading environments.
  • The role involves a three-phase project focusing on regulatory compliance and risk management, requiring strong analytical and project management skills.
  • Essential qualifications include ACA, ACCA, CIMA, or equivalent, along with a solid understanding of regulatory frameworks related to commodities products.
  • This hybrid role requires three days in the office each week and offers the chance to influence significant transformations in finance and risk functions.
Job Title: ICARA/ILAAP & ICAAP Project LeadLocation: West London (3 days in the office per week)Contract: 6-Month Interim ContractDay Rate: £600 - £800 per dayAn established trading and brokerage company, currently undergoing a significant transformation and restructuring, is seeking a qualified ICARA/ILAAP & ICAAP Project Lead to support their finance and risk management transformation efforts. This role will be instrumental in a three-phase, six-month project aimed at enhancing regulatory compliance and strengthening risk frameworks. The successful candidate will work closely with the CFO and Transformation Lead to assess the current state of ICARA/ILAAP and ICAAP processes, develop actionable improvement plans, and oversee the execution of these plans.This position offers a unique opportunity to contribute to a high-impact project within a fast-paced environment, focusing on ICARA/ILAAP and ICAAP, with a specific emphasis on commodities products, k-factors, and regulatory standards.Project Phases & Key Responsibilities
  1. Phase 1: "As Is" Assessment & Gap Analysis
    • Conduct a comprehensive assessment of current ICARA, ILAAP, and ICAAP frameworks and processes.
    • Identify gaps in compliance, risk management, and reporting accuracy relative to regulatory standards.
    • Document findings and present a detailed analysis to the CFO and transformation team, including areas for improvement and potential risks.
  2. Phase 2: Planning & Strategy Development
    • Collaborate with the CFO and Transformation Lead to develop a strategic plan based on Phase 1 findings.
    • Define a roadmap for implementation, outlining key milestones, resource requirements, and timelines.
    • Develop a risk-mitigation strategy to address identified gaps and align the project with organizational objectives.
  3. Phase 3: Execution, Implementation & Training
    • Lead the implementation of the strategic plan, ensuring that all regulatory and operational requirements are met.
    • Provide hands-on guidance and training to ensure team members understand and can maintain the updated ICARA framework.
    • Establish processes for continuous improvement and ensure the ICARA/ILAAP report remains current and in compliance with evolving regulatory requirements.
Essential Qualifications and Skills
  • Qualifications: ACA, ACCA, CIMA, or equivalent qualification.
  • Experience: Demonstrated experience in ICARA/ILAAP and ICAAP projects within financial services, brokerage, trading, or fintech environment will be highly desirable and advantageous 
  • Technical Skills: Strong understanding of regulatory compliance frameworks, especially relating to ICARA/ILAAP and ICAAP, commodities products, and k-factors.
  • Analytical & Problem-Solving Skills: Ability to conduct gap analysis, develop strategic plans, and execute high-quality implementation within tight timelines.
  • Project Management: Proven track record of managing complex finance and compliance projects, with an ability to lead teams and influence senior stakeholders.
  • Communication & Collaboration: Strong interpersonal skills for effective collaboration with the CFO, transformation lead, and broader finance and compliance teams.
Additional Information
  • Working Arrangements: Hybrid role, with three days required in the West London office.
  • Contract Length: Initial six-month term with potential for extension based on project progress.
This role offers an exciting opportunity to influence the transformation of finance and risk functions within a dynamic financial services company. Ideal candidates will be hands-on, detail-oriented, and comfortable in high-impact roles within a fast-paced environment.#LI-JM1

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In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.