What are the responsibilities and job description for the Regulatory Reporting Specialist position at Phyton Talent Advisors?
Our client, a Global Investment Bank, is seeking a Regulatory Reporting Specialist in their New York, NY location:
Core Responsibilities:
- Prepare or review daily/weekly/monthly/quarterly/annual and ad-hoc regulatory reports including, but not limited to, Federal Reserve reports (e.g. FR Y-15, FR Y-9C, FFIEC 031, FFIEC 002, FFIEC 009, FFIEC 019, FR2644, and FR2900,), Department of Treasury reports (TIC Reports), and Department of Commerce reports (e.g. BE-605, BE-15, and BE-125) with the ability to interpret the relevant regulatory instructions
- Reconcile reporting data to GL, validation of static data and perform variance analysis
- Assist in the governance function of the regulatory reports, which includes development of trainings, coordination of Regulatory Reporting Governance Committee, Interpretation and Change Management Forums, handling communication with outside of reporting production team (e.g. Internal Auditor, Quality Assurance, and FRB)
- Monitor and ensure that changes in the reporting instructions and accounting standards made by the regulatory authorities are incorporated within the reports submitted
- Maintain and update procedure documentations related to new and existing regulatory requirements to ensure firm’s compliance
- Keep track of each assigned tasks and projects, and meet each deadline
- Coordinate with multiple stakeholders across organization
- Support management and team members
Qualifications:
- Bachelor’s degree in Accounting major is preferred.
- Advanced degree or professional certifications (e.g. CPA, CFA or equivalent) is preferred.
- Minimum 5 - 7 years of experience in financial reporting, regulatory reporting, or related field.
- Proficiency with Microsoft Excel, PowerPoint, and Word
- Experience in Regulatory Reporting tools such as Axiom is preferred.
- Experience in BI tools such as Alteryx or Power Bi is preferred.
- Working knowledge of regulatory reporting or financial reporting (US GAAP) and ability to setup workpaper from ground up with proper EUC controls
- Working knowledge of financial products (e.g. loans, deposits, securities, derivatives, money market products, repos etc.)
- Strong ability to handle multiple tasks to cover both production and governance
Salary : $80 - $81
