Financial Reporting Specialist (AVP/Associate)

Bocusa; New York (NY); On-site; USD 70,000 - 150,000; Full time

Job summary

An established industry player is seeking a Financial Reporting Specialist to join their dynamic team. In this pivotal role, you will coordinate and prepare regulatory reports, ensuring compliance with industry standards. You will work closely with various departments and maintain relationships with regulators while staying updated on regulatory requirements. This is a fantastic opportunity for individuals with a strong background in financial reporting and a passion for compliance. Join a forward-thinking company that values your expertise and offers a collaborative work environment where you can thrive.

Qualifications

• 1-3 years of experience in financial/regulatory reporting for Associate level.
• 5 years of experience in regulatory reporting for AVP level.

Responsibilities

• Coordinate and prepare regulatory reports and documents.
• Maintain relationships with regulators and respond to inquiries.
• Support team with regulatory reporting software issues.

Skills

Financial Reporting

Regulatory Compliance

Data Analysis

Accounting Principles

Bilingual in English and Mandarin

Education

Bachelor's Degree

MS/MBA in Accounting/Finance

Tools

Excel (VBA, Pivot Tables)

SQL

Regulatory Reporting Software

Job description

Join to apply for the Financial Reporting Specialist (AVP/Associate) role at Bank of China USA.

This range is provided by Bank of China USA. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

Base pay range

$70,000.00/yr - $150,000.00/yr

Include but are not limited to:

• Coordinate, prepare, document, and file regulatory reports.
• Prepare, review, analyze, and file regulatory documents and reports; liaise with other departments/branches, non-branch entities, and Head Office for timely submission of reports such as FR Y-10, FR Y-7, FR Y-7Q, and FR Y-7N.
• Coordinate, compile, and review data and reports for audits/regulatory requests.
• Maintain relationships with Head Office staff, regulators, and auditors; respond to inquiries.
• Maintain regulatory policies and procedures for reports.
• Stay updated on regulatory requirements through trainings, seminars, and publications.

Oversee compliance of OCC capital deposits and FDIC asset pledge

• Prepare, review, and monitor calculations for asset maintenance ratio, OCC deposits, and FDIC pledged assets.
• Distribute daily reports timely; document estimates.
• Analyze monthly reports to ensure regulatory submissions.
• Liaise with Treasury and other departments for timely transactions.
• Respond to inquiries from OCC and auditors.
• Maintain and improve reporting policies and procedures.

Maintain Regulatory Reporting Software

• Support team with software issues.
• Coordinate updates and testing.
• Assist with software mapping issues.

Requirements

• Bachelor’s degree required; MS/MBA in Accounting/Finance preferred.
• 1-3 years (Associate) and 5 years (AVP) experience in financial/regulatory reporting.
• At least 3 years of regulatory reporting experience (TIC B, FFIEC002, FR Y-7/7Q/7N/10) at AVP level.
• Strong knowledge of accounting principles and regulatory requirements.
• Proficiency in Word, Excel (VBA, Pivot Tables), SQL, databases, and regulatory software.
• Bilingual in English and Mandarin preferred.
• CPA certification preferred.

Additional Information

• Seniority level: Mid-Senior level
• Employment type: Full-time
• Job function: Accounting/Auditing and Finance
• Industry: Banking