Job profile
REPORTING SPECIALIST (M/F/D)
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Reporting specialists: experts when it comes to regulatory reporting in the areas of finance and industry
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.
Which opportunities do reporting specialists have on the labour market?
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.
What are the tasks and responsibilities of reporting specialists?
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.
- Preparation of reports and analyses
- Implementation of new regulatory requirements
- Project consulting or project management
- Forwarding of relevant information
- Contact person for regulatory authorities
Which hard skills and soft skills should reporting specialists have?
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.
- An academic degree in law or business administration, training as a banker with further training in the area of regulatory reporting
- Knowledge of regulatory law
- Good organisational skills and knowledge of the relevant processes within the company
- Experience in using the required software
- An accurate, responsible way of working
- Good verbal and written communication skills
- A sense of discretion and diplomatic talent
What is the average salary of reporting specialists?
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.