The responsibilities of this role includes preparation, review and submission of timely and accurate regulatory reports to the Federal Reserve Bank of New York. The successful candidate will have adequate experience in banking, deep understanding of regulatory reporting instructions & banking regulations, trend analysis preparation/movements, end-to-end regulatory report production life-cycle and preparation of written communication to management and to our regulators in a clear, concise and useful manner.
Lead preparation, review and submission of regulatory report filings with the regulatory bodies (i.e. FRY-9C, FRY-9LP, FRY-12, FRY-15, FFIEC 009)
Ability to analyze impact of, develop positions toward, and comment on proposed and final regulatory rules
Ability to prepare/present quarterly analytics and variance analyses for due diligence with senior management and functional partners.
Demonstrate business/product knowledge; understanding of organizational structure, general knowledge of accounting/reporting requirements
Assist in the development and implementation of Regulatory Report tools, report preparation and corresponding controls processes if required
Maintain strong focus on internal controls
maintain documentation of procedures and governance for the reports
Liaise with various internal (i.e. Regulatory Relations, Legal, Compliance, Audit, Finance Project Office and Business Operations) and external constituencies (i.e. regulators, external auditors and consultants)
Remain current on relevant industry initiatives, regulatory changes, and market trends as well as competitor activity
Perform research on changes in new regulatory reporting requirements and accounting standards and its impact to the organization's reporting requirements.
Participate in bank examinations and internal and external audits
Ensure compliance with internal regulatory reporting policies and procedures
Identify, escalate and remediate data quality enhancements
7-11+ years of regulatory reporting experience within Regulatory Reporting at a Global Investment Bank and knowledge of accounting requirements
In-depth understanding of banking regulatory reporting rules and regulations
Well-developed organizational, analytical and problem solving skills, aligned with excellent attention to detail and time management
Possess knowledge of FBO and IHC regulatory requirements
Strong written and oral communication skills required. Ability to work in a fast-paced team environment with strict reporting deadlines.
Possess the following skills : internal/external audit, database/data warehouse management, other related reporting skills
Ability to demonstrate business/product knowledge; understanding of organizational structure, general knowledge of accounting/reporting requirements
Academic / Knowledge Requirements
Bachelor's degree in Finance or Accounting
CPA, MBA or advanced degree beneficial
Knowledge of the regulatory reporting tools (e.g., Axiom), general ledgers, offered products and its related activities is a plus
Public accounting firm experience with financial institution clients a plus
Ability to work autonomously, but with specific guidance/direction