Title: Regulatory Reporting Associate
Office Status: Hybrid-Jersey City 1-2x a week
Salary: $100,000-$130,000
A midsized global investment bank is seeking a Regulatory Reporting Associate that will be involved in the preparation of BHC regulatory reports. This position will require Bank FRY regulatory reporting experience or experience from a public accounting firm with banking clients.
Details:
- Prepare various regulatory reports inclusive of the FRY 9C, FFIEC009/009a, Y9LP, FRY 11, FR2314, TIC reports, and all other US department of Commerce reports along with related supporting work papers and variance analysis.
- Interact and work with the group companies within the firm to reconcile difference and perform regulatory calculation.
- Continue to improve the process control effectiveness of the BHC regulatory reports.
- Maintain and update EUC procedure and inventory list and the desk procedures manual to reflect changes in regulatory requirements.
- Ensure accurate and timely completion of all regulatory reports.
- Participate in regulatory reporting examinations, internal and external audits.
- Responsible to work with other various departments to support BHC regulatory reports enhancement projects and work with team to participate in end user testing.
- Keeping abreast of all the regulatory changes related to regulations that is impacting BHC regulatory reports.
- Perform impact analysis for all the new products for the BHC regulatory reports
- Responsible to implement latest quarterly maintenance release into Reg-Reporter application
Qualifications:
- Strong knowledge on financial products such as derivatives, repo, securities, loans and leases
- Strong analytical and problem-solving skills; high level of deadline driven sense of urgency; attention to details, accuracy, and accountability
- Bachelor's Degree in Accounting or Finance is required.
- CPA or CFA is a big plus.