Financial Compliance Reporting Analyst

Who You'll Work With:

We are seeking a San Antonio-based Financial Compliance Reporting (FCR) Analyst to join our Financial Compliance Reporting Team in Global Technology & Operations.

The Financial Compliance Reporting (FCR) team is responsible for auditing and maintaining the account population to ensure accounts are in compliance with state and federal regulations. Some responsibilities of the FCR department include escheatment processing, tax form production, statement production, confirmation production, B & C-Notice processing, foreign account monitoring, levy processing, ownership reporting, and compliance mailings.

The person in this role will have an opportunity to enhance his or her strategic thinking skills and apply these skills in practical application. The person successfully performing in this role will participate in industry-level discussions and can influence current AB processes.  He or she will be a part of a team environment, where collaboration is encouraged. The person successfully performing this role will have various career path opportunities including positions with a higher degree of technical responsibility or a higher degree of management experience, including process or project management.

What You'll Do:

The Financial Compliance Reporting Analyst is a key role for our firm, providing maintenance and examination of the shareholder account population to ensure we are in compliance with state and federal regulations. The individual is responsible for coordinating the timely processing of various regulatory requirements.

• Research and apply state escheatment regulations to AB’s account population

• Perform shareholder outreach on identified escheatable accounts

• Evaluate accounts for contact resolution

• Submit escheatable assets and affiliated shareholder details to states within regulated timeframes

• Process returned mail to maintain up-to-date shareholder records, when available

• Notify the IRS of Fund opening/name changes and make updates to SS&C systems for AB corporate actions

• Execute tax form production (including Late Originals and Corrective Tax Forms) by compiling daily, weekly, monthly and annual audits; execute mock tax form production to validate output; and execute tax jobs in SS&C systems to generate and print tax forms

• Process IRS E-Filing for tax forms by processing registration maintenance to ensure the registration is in the correct format, execute tax jobs in SS&C systems, validate the SS&C E-Filing output, and upload the E-Filing to the IRS website

• Execute IRS B-Notices, C-Notices, IRS Levies, and State Levies

• Support other functions within the department as business needs arise based on skill and capacity

The Applications and Business or Enterprise Functions the Role Supports:

• State Escheatment (Unclaimed Property)

• Statement Production

• Returned Mail Processing

• Tax Form Production

• Levy Processing

• IRS B & C Notices

• Regulated Compliance Mailings

• Returned Mail Processing

• Ownership Reports

• Foreign Account Monitoring

• Account-level Assessments

What Makes this Role Unique or Interesting?

Continually, new regulations are handed down by the IRS, SEC, and other government agencies. These changes require updating existing processes/procedures or developing new processes to meet the requirements.  The Financial Compliance Reporting Associate role is ever-changing; variety of work is common.

What We're Looking For:

The person in this role will be a part of a collaborative team, and he or she should expect to be introduced to new information or developments and, on the other hand, to have some redundant responsibilities. A successful person in this role will be invited to contribute with his or her strongest contributions, which ideally will be diverse from colleagues. The idea is to take the best of each person’s capabilities, skills, and attributes so they can apply their knowledge, spirit, and drive to better the team’s outcome. Demonstrating flexibility, creativity, and fortitude will bode well.

Qualifications, Experience, Education

• 1 to 2 years mutual fund or financial services experience

• Knowledge of general escheatment/abandoned property practices or regulations preferred

• Knowledge of governmental agency regulations related to the SEC and IRS regulatory practices a plus, but not required

Skills:

• Exceptional oral and written communication, time management, problem framing, and follow-up skills

• Proven ability to multi-task and effectively prioritize a wide range of projects/responsibilities

• Exhibition of organizational skills and conscientiousness; establishes priorities and follows through on tasks to completion

• Strong attention to detail

• Proven ability to work with internal and external clients and vendors

• Proficient use of Microsoft office desktop package

• Navigation of SS&C systems preferred

Special Knowledge:

• Strong abandoned property/escheatment knowledge and some mutual fund operations knowledge

• Effective task execution, both as an individual and through team collaboration

• Demonstrated capability to learn quickly

• Ability to work in a fast-paced environment and adapt to change

• Ability to identify and implement process improvement and risk mitigation opportunities

Who We Are:

As a leading global investment management firm, AB fosters diverse perspectives and embraces innovation to help our clients navigate the uncertainty of capital markets. Through high-quality research and diversified investment services, we serve institutions, individuals and private wealth clients in major markets worldwide. Our ambition is simple: to be our clients’ most valued asset-management partner.

With over 4,400 employees across 51 locations in 25 countries, our people are our advantage. We foster a culture of intellectual curiosity and collaboration to create an environment where everyone can thrive and do their best work. Whether you're producing thought-provoking research, identifying compelling investment opportunities, infusing new technologies into our business or providing thoughtful advice to clients, we’re looking for unique voices to help lead us forward. If you’re ready to challenge your limits and build your future, join us.