Assistant Manager/Manager/Senior Manager - Regulatory Reporting - BFSI

Asst. Manager/Manager/Sr. Manager- Regulatory Reporting

Skills: Regulatory reporting + US GAAP/Axiom/LEC/SEC/FINRA/US regulatory reporting

Job Description :

Regulatory Reporting :

- The Centralized Regulatory Reporting (CRR) team is part of the CFO-Global Financial Control organization.

- Our purpose is to drive high quality regulatory reports through operationally efficient control processes and system solutions to support the production of various regulatory reports as required by the Federal Reserve, OCC, FDIC and other regulators.

- The group works closely with business and finance units across the organization to gather, analyze and report information under regulatory definition and requirements.

- Regulatory Reporting team is organized around the types of reports filed and projects group; Key report categorizations include Cross Border, Call & Capital, Non-Bank Subsidiary reporting, Broker dealer reporting teams and projects group.

- The Cross Border reports include reports submitted to Fed (FFIEC 009, FR 2510 etc.) and also to the US treasury (TIC reports)

- The Call team files FFIEC 031/FFIEC 041 and FRY 9C to the Federal Reserve Board. These reports collect basic financial data of commercial banks in the form of a balance sheet, an income statement, and supporting schedules.

- The Report of Condition schedules provide details on assets, liabilities, and capital accounts. The Report of Income schedules provides details on income and expenses.

- The NBS Reporting team - reports on assets, liabilities and Off balance sheet items for the Non Banking Subsidiaries of the bank domiciled in US and Outside US.

- Broker dealer reporting team- Supports daily and monthly activities to ensure compliance with Regulation 15c3-3 on Customer Protection Reserve Computation, Rule 15c3-1 on Daily Net Capital Reporting and Fed reporting (FR2004)

- The Projects group is involved in Governance & Control and Issue management support.

Responsibilities- Regulatory reporting :

- CRR is seeking a highly motivated individual seeking to expand their knowledge and expertise. The candidate will be responsible for preparation and/or review of regulatory reports/schedules/support tasks, documentation, interpretation and communication of regulatory reporting requirements, and maintenance of reporting data dictionaries.

- The scope of the data dictionary includes reporting requirements as prescribed in Regulatory instructions and other regulatory guidance and definitions of data attributes/elements utilized in reports; mapping of source data files from data providers to reportable lines on the schedules; data provider documentation, gap analysis, logging of issues and sign off/approvals from key business partners.

- Manages communication and relationships with our business partners to ensure consistent documentation and understanding of reporting requirements.

- Assist in issue evaluation efforts including identification, remediation, monitoring and escalation activities. This role will be focused on key banking products including but not limited to loans, deposits, derivatives, securities and trading assets.

- The successful candidate will join a dynamic environment that offers numerous opportunities to learn, grow, impact and drive changes for the Company. In particular, the candidate will:

- Ensure timely completion of tasks and/or submission of schedules/reports as allocated including review as required

- Responsible for maintaining and ensuring completeness of process work papers and related documentation

- Reporting in compliance with the US GAAP and regulatory requirements

- Variance analysis and commentary, ensuring the compliance to FED requirements.

- Drive and support Audit/Regulatory examination/Identify and remediate SIAI/AIAIs etc.

- Independently handle reviews/calls with the senior management, Audit, Regulators etc.

- Proficient with working on various systems and applications and understand the data flows in the context of specific product domains viz. securities, investments, derivatives etc.

- Work closely with teams across the organization including: Enterprise Stress Test, Lines of Business, Operations & Technology, Risk, Compliance, Financial Controls and Oversight, and other GFC (Global Financial Control) teams to resolve regulatory reporting issues.

- Be a quick learner and possess intellectual curiosity and proactively investigate issues

- Strive for quality and accuracy and have the dependability necessary to meet strict quarterly deadlines

- Pay rigorous attention to compliance procedures

- Lead and drive process improvements and automation initiatives, work to enhance controls within the process

Requirements :

- Education : CA/CWA/ CPA /MBA (Finance)

- Certifications If Any

- Experience Range : 4-12 years of total experience in Banking of which at least 8 years of relevant experience (combination of LEC and US Regulatory Reporting/SEC)

Foundational skills :

- Strong Accounting and reporting skills

- US regulatory Report preparation/review experience, exposure to Customer Protection Reserve Computation, Daily Net Capital reporting, FOCUS report preparation etc is preferred

- Strong understanding of the reporting instructions

- Proficiency in Axiom- Regulatory Reporting application, and exposure to Alteryx/CFARRI is preferred

- Basic SQL to fetch data from the data source

- Excellent communication skills

- Ability to understand the financial statements pertaining to Banking Industry

- Strong analytical skills, ability to independently understand the ask of stakeholders with strong time-management skills; also past experience in a daily reporting regime will be good to have

- Having good exposure to MS office including MS Word, Advanced Excel (including VBA) and Power point.

- Team player

Desired skills :

- US GAAP knowledge is preferred

- Alteryx, Tableau, SQL, Power BI

- Understanding of Banking products

Work Timings : 11.30 AM to 12.30 AM (13 hour window - 9 hour shift), Stretch basis report requirements and US Stakeholder support needs