Financial Regulatory Reporting Associate

Phyton Talent Advisors; New York (NY); On-site; USD 90,000 - 130,000; Full time

Job summary

Phyton Talent Advisors in New York is seeking a Regulatory Reporting Accountant to prepare regulatory reports in accordance with US GAAP and regulator instructions across all entities within the Combined US Operations. The role requires data reconciliation to the GL, variance analysis, and updating procedures for new regulatory requirements.

Collaboration with stakeholders and strict deadline adherence are essential.

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.
• Strong ability to handle multiple tasks.

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

Skills

Regulatory reporting

US GAAP

Financial accounting

Stakeholder coordination

Multitasking

Education

Bachelor’s degree in accounting

Tools

Excel

PowerPoint

Word

Alteryx

Power BI

Job description

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
• Strong ability to handle multiple tasks

Education:

Bachelor’s degree with accounting major is preferred.