Financial Regulatory Reporting

Confidential; New York (NY); Hybrid; USD 60,000 - 80,000; Full time

Job summary

A financial services firm in New York is looking for a Financial Regulatory Reporting Associate. The role involves preparing regulatory reports in compliance with US GAAP and requires strong financial accounting skills. Candidates should have a Bachelor’s degree in accounting, along with a minimum of 2-3 years of experience in financial or regulatory reporting, preferred experience in Big 4 firms. This position offers a hybrid working schedule with a mix of office and remote work.

Qualifications

• 2-3 years of experience in financial reporting or regulatory reporting.
• Minimum 3 years in Big 4 or large regional accounting firms is required.
• US CPA, CFA or equivalent license is a big plus.

Responsibilities

• Prepare daily/weekly/monthly regulatory reports accurately.
• Reconcile reporting data to GL and perform variance analysis.
• Ensure reporting instructions are incorporated in the reports.

Skills

Proficiency with Microsoft Excel

Proficiency with PowerPoint

Proficiency with Word

Working knowledge of regulatory reporting

Basic knowledge of financial products

Education

Bachelor’s degree with accounting major

Tools

Microsoft Excel

Alteryx

Power BI

Job description

Overview

Job title: Financial Regulatory Reporting Associate

Work location: 1271 AoA

Work Schedule: This is a hybrid position. The selected colleague will work at a bank office an average of two or three days per week with the remainder worked remotely.

About the Team

Financial Regulatory Reporting is a team responsible for the preparation of regulatory filings for multiple entities under bank operations, reporting to bank CFO. This is a hybrid position. The selected colleague will work at a bank office an average of two or three days per week with the remainder worked remotely.

Summary

The primary responsibility of the position is to prepare assigned regulatory reports in an accurate and timely manner in accordance with US GAAP and instructions from regulatory authorities, which requires working knowledge of financial accounting and regulatory reporting, as well as understanding of the financial industry. The position will be responsible for regulatory reports across all entities under the Combined US Operations.

Core Responsibilities

• Prepare 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)
• Reconcile reporting data to GL, validation of static data and perform variance analysis
• Ensure that changes in the reporting instructions and accounting standards made by the regulatory authorities are incorporated within the reports submitted
• Assist in maintaining and updating 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 with accounting major is preferred
• 2-3 years of experience
• Proficiency with Microsoft Excel, PowerPoint, and Word
• Experience in BI tools such as Alteryx or Power Bi is a plus
• Working knowledge of regulatory reporting or financial reporting
• Basic knowledge of financial products (e.g. loans, deposits, securities, derivatives, money market products, repos etc.)
• Minimum 3 years of experience in Big 4 or large regional accounting firms (banking or capital market clients), financial accounting, product control or regulatory reporting area, experiences in banking is required
• US CPA, CFA or equivalent license is a big plus