Reporting specialists mostly work in the financial sector. However, they are also needed in other industries requiring compliance monitoring and continuous regulatory reporting. These activities are closely related to risk controlling.
Implementing regulatory requirements and reporting to supervisory authorities form an essential part of the work of larger organisations, not only in the financial industry. Reporting specialists have good career prospects in all industries where risk controlling is required.
Reporting specialists must ensure that their companies comply with regulatory reporting obligations. In order to do so, they must not only prepare reports regularly, but also keep up to date with the latest developments in regulatory law at national and international level. In case of new regulatory requirements, reporting specialists must ensure that these requirements are implemented within the company. Besides, they are responsible for providing the relevant employees with corresponding information and training. In addition, they act as contact persons for regulatory authorities.
Most reporting specialists have an academic degree in business administration or law. Besides, Frankfurt School of Finance & Management now offers a special certificate course qualifying graduates for a career in regulatory reporting. To work as a reporting specialist, sound knowledge of national and European regulatory law as well as a good overview of the processes within the relevant company are required. In addition, extensive knowledge of the relevant reporting software is needed. As positions in regulatory reporting involve a high level of responsibility, employers usually want their reporting specialists to be discrete and to have a very accurate way of working as well as good communication skills.
The average annual salary of reporting specialists is between EUR 40,000 and EUR 80,000, depending on professional experience, company location and industry. Jobs in the financial industry are among the best-paid positions in this profession.
Do you have the required qualifications and professional experience and are looking for a new professional challenge in the area of regulatory reporting?
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