VP of Federal Reseve Regulatory Reporting

The VP of Regulatory Reporting will oversee and manage all regulatory reporting activities within the financial services industry, ensuring compliance with relevant laws and regulations. This permanent role is ideal for a seasoned professional with a strong background in banking and financial services.

Client Details

This opportunity is with a large organization that operates within the financial services sector. The company is known for its commitment to excellence and its focus on delivering top-tier services in the banking and financial services department.

Description

• Lead level 1 review of regulatory deliverables and review regulatory reports for submission to FRB, US Treasury, BEA, etc. reporting.
• Manage Governance related tasks/mandate and work closely with Compliance and 1B business partners to understand and satisfy requirements.
• Understanding data architecture and GL systems/pipelines to remediate gaps and make process improvements.
• Guide junior team members on issue resolution based on strong understanding of data attributes, accounting standards, regulatory rules, and production steps.
• Having a technology savvy approach to action process improvements and automate legacy processes including the use of tools such as Alteryx, PowerBi, etc.
• Review data elements based on 'Global Chart of Accounts' composition and trace accounting codes to product/business origin to check if regulatory mapping is fit for purpose.
• Initiate research to keep current on regulatory rule requirements and any internal business changes (e.g. new businesses or product launched) and assesses downstream impacts to the regulatory reports.
• Ensure strong data/process governance and key controls that are pushed down by Compliance are implemented within report preparers.
• Support the alignment of current regulatory reporting processes with new processes as entities merge and systems integrate to ensure integrity of the regulatory reports being filed.
• Continuously develop strong understanding of best practices from regulatory supervisors.
• Escalate timely to senior management of errors, gaps, data quality issues, control breaks, KRI indicators, etc.
• Lead dialogue with financial reporting business partners to understand changes in accounting and financial results. Drive monthly team variance discussions to facilitate regulatory reporting flux analysis process.
• Support key departmental projects and initiatives, executes on ad hoc deliverable requests related to audit, compliance, transactional testing, examinations, etc.
• Maintain and build upon existing procedure documents and processes by updating and performing ongoing review of all information required to support reports; includes information gathering from source systems and working with business partners to source required information

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

Profile

A successful VP of Regulatory Reporting should have:

• Strong knowledge of federal reserve regulatory reporting requirements in the financial services industry.
• Experience in banking and financial services, with a focus on compliance and reporting.
• Excellent excel skills and experience working in a more manual environment
• Excellent analytical and problem-solving skills.
• Proficiency in financial systems and reporting tools.
• Ability to manage and lead a team effectively.
• Strong communication skills to liaise with internal and external stakeholders.

Job Offer

• Competitive annual salary ranging from $175000 to $185000 USD.
• Comprehensive benefits package to be determined.
• Opportunity to work in a large organization within the financial services industry.
• Collaborative and professional work environment.
• Chance to contribute to critical regulatory operations in the banking and financial services sector.

If you are ready to take the next step in your career, apply today

Page Group USA is acting as an Employment Agency in relation to this vacancy.