Financial Reporting Data Quality Consultant

Royal London Group

Financial Reporting Data Quality Consultant - Wilmslow

Salary c. GBP36,000 - GBP45,700 + Excellent Benefits

Benefits - Bonus, 28 days holiday + stats, contributory pension

A 150 year old company founded on the principles of self-reliance and community, Royal London is the UK's largest mutual pensions, insurance and investment company. Group businesses provide around 9.1 million policies and employ 3,179 people across operations in London, Bath, Edinburgh, Wilmslow, Glasgow and Reading, with Group funds under management of GBP101 billion.

Owned by our members, rather than by shareholders, our financial performance is robust over both the short and long term. Our aim is to become the most trusted and recommended provider of insurance and investment products in the eyes of our customers.

We have an exciting opportunity for a Financial Reporting Data Quality Consultant to join the Financial Reporting Data and Control Framework (FRDCF) Team within Group Finance in Wilmslow on a permanent basis.

The purpose of the role is to support the Financial Reporting Data Quality Manager to provide advice, guidance and challenge to Group Finance and the wider business on Financial Reporting Data Quality related matters. The role will be responsible for documenting data artefacts - in conjunction with business owners, assessing their design, testing their operating performance and drafting reports for relevant committees including the Financial Reporting Data & Control (FRDCF) Committee, Group Data Governance Team and other appropriate governance committees.

The role holder will work with data owners to define, maintain and where appropriate, determine clear resolution plans for data controls requiring remediation. The role holder will have responsibility for embedding FRDCF to satisfy Solvency II requirements of complete, accurate and appropriate data. This forms one of the key enablers for the Group Finance Target Operating Model through delivery of FRDCF.

Responsibilities:

• Undertake FRDCF methodology process and mechanisms to identify, record, assess, manage and report financial reporting data quality.
• Provide day to day management support to senior stakeholders across the business to ensure financial reporting data quality is Embedded across the Group.
• Produce data artefacts including data flow diagrams, data directories and dictionaries.
• Support key stakeholders across the business in undertaking an assessment of data limitations and weaknesses as part of their FRDCF attestation every 6 months.
• Support Financial Reporting Data Quality Manager to maintain Solvency II Data Quality Standard and liaise with Group Data Governance to ensure financial reporting data quality requirements are Embedded within the Group Data Governance policy
• Document artefacts needed for Internal Model application (IMAP) including data flow diagrams, data directories and dictionaries.
• Support IMAP validation activity through co-ordinating Royal London's data related actions and responses.
• Support the resolution of queries received from the PRA and assist in the production of material for meetings with the PRA.
• Act as Secretary for FRDCG comprising membership of managers across Group Finance.
• Monitor progress of FRDCG actions and produce quarterly report for inclusion in Internal Control over Financial Reporting report.
• Support data owners in identifying data quality issues, undertaking root cause analysis, monitoring, remediating and escalating as appropriate.

Skills, Qualifications & Experience:

The successful candidate will possess a strong knowledge and experience of data management within a control framework, preferably within an insurance or financial services environment

• Good knowledge and experience of data management within a control framework, preferably within an insurance environment
• Competent in the use of Microsoft Office software package - in particular Visio
• Good communication skills, both face-to-face and report writing including the ability to present complex information clearly and accurately
• Able to prioritise work and work to tight deadlines
• Confident to challenge status quo to enhance understanding and help form improvements where appropriate
• Effective working style both as part of a team or individually
• Able to work with technical and non technical SMEs in order to achieve business outcomes

To apply, please use the 'Apply Online' link below.

For any further queries regarding the role, please contact (see below).