Regulatory Reporting Specialist

LevelUP HCS; New York (NY); On-site; USD 110,000 - 150,000; Full time

Job summary

LevelUP HCS is seeking a Regulatory Reporting Specialist to prepare, reconcile, and file US and Cayman Islands regulatory reports. The role requires interaction with Accounting, Operations, and IT to ensure data integrity and maximize efficiency using AI tools.

Responsibilities include FFIEC reporting, TIC and asset reports, and maintaining RegReporter data. Strong MS Office skills and knowledge of US GAAP are essential.

Qualifications

• 5+ years regulatory reporting experience in banking or financial institutions.
• Accounting or Finance degree preferred.
• Strong knowledge of US GAAP and its applicability to regulatory reports.
• Knowledge of banking products including derivatives.
• Knowledge of RegReporter US regulatory reporting software.
• Knowledge of AI tools to leverage and automate workflows.
• Good presentation and communication skills.
• Proficiency in MS Office, particularly PowerPoint and Excel.

Responsibilities

• Prepare and timely file regulatory reports with regulators for the US Branch.
• Prepare the Call reports (FFIEC 002, 002s, 019) and present insights to Finance Management.
• Prepare quarterly Cayman Islands reports (QPR and LBS) and present insights to Finance Management.
• Maintain regulatory report data using RegReporter to ensure integrity and completeness.
• Reconcile general ledger data with regulatory reports to ensure accuracy.
• Utilize AI tools to perform data analytics, draft narratives, and automate workflows.
• Perform system user testing and document results.
• Participate in monthly financial reporting to Head Office.

Skills

Regulatory reporting

US GAAP knowledge

RegReporter

AI workflow automation

MS Office (PowerPoint & Excel)

Communication skills

Education

Accounting or Finance degree

Tools

RegReporter

Job description

We are supporting a search for our banking client. This role is responsible for preparing, reconciling, analyzing, and filing US and Cayman Islands regulatory reports, maintaining reporting systems and documentation, supporting financial reporting, and leveraging AI and technology to improve regulatory reporting processes.

Position Summary:

The US Branch of a prominent European bank is seeking a motivated and detail oriented Regulatory Reporting specialist to join the Financial & Regulatory Reporting Group. The role involves the timely and accurate preparation and filing of regulatory reports in accordance with US and Cayman Islands banking regulations. This role requires frequent interaction with Accounting, Operations, and IT to ensure data integrity.

Essential Duties and Responsibilities:

• Responsible for preparation and timely filing of regulatory reports with various regulators for th US Branch, including:
  • Daily report to Federal Reserve: FR2420;
  • Weekly reports to Federal Reserve: FR 2900 and FR 2644;
  • Monthly and quarterly International Capital (TIC) Reports – BC, BL, BQ Series;
  • Monthly Pledged Asset reports with the Department of Financial Services: Asset Maintenance Report;
  • Quarterly reports with Department of Commerce: BE Series.
• Prepare the Call report (FFIEC 002, 002s, 019), and present analytical insights to Finance Management.
• Prepare the Quarterly reports filed with the Cayman Islands Monetary Authority – QPR and LBS, and present analytical insights to Finance Management.
• Responsible for preparation and timely filing of regulatory reports for non-bank financial subsidiaries: FR Y-7N and BE series reports.
• Responsible for the maintenance of regulatory report data using RegReporter software to ensure integrity and completeness.
• Reconcile general ledger data with regulatory reports to ensure accurate reporting.
• Utilize Artificial Intelligence (AI) tools to perform data analytics, draft narratives, and automate regulatory reporting workflows.
• Perform system user testing and document results impacting the regulatory software and/or data inputs into the regulatory reports.
• Participate in the preparation of timely and accurate monthly financial reporting to Head Office.
• Miscellaneous responsibilities as required.

Experience /Qualifications/Education:

• 5+ years regulatory reporting experience in banking or financial institutions.
• Accounting or Finance degree preferred.
• Strong knowledge of US GAAP and its applicability to regulatory reports.
• Knowledge of banking products including derivatives.
• Knowledge of RegReporter US regulatory reporting software.
• Knowledge of AI tools to leverage and automate workflows.
• Good presentation and communication skills.
• Proficiency in MS Office, particularly PowerPoint and Excel.