AVP of Financial / Regulatory Reporting

New York Permanent USD130,000 - USD150,000
  • Exciting opportunity for an AVP of Regulatory Reporting or Financial Reporting
  • Permanent position for Regulatory Reporting AVP to join Investment Bank

About Our Client

Leading Investment bank with offices based in Midtown

Job Description

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.

DescriptionThe 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 in-depth knowledge of financial accounting and regulatory reporting, as well as understanding of the financial industry.

  • Prepare monthly/quarterly/annual and ad-hoc regulatory reports including, but not limited to, Federal Reserve reports (e.g. FR Y-15, FR Y-9C, FR Y-9LP, FFIEC 009, FFIEC 031, FFIEC 002, 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 and perform variance analysis
  • Ensure that changes in the reporting instructions made by the regulatory authorities are incorporated within the reports submitted
  • Calculate Risk Weighted Assets under US Basel III standardized approach across all legal entities under the BHC
  • Coordinate with multiple stakeholders across organization
  • Support management and team members
  • Prepare assigned reports to regulatory authorities with accurate financial information and in a timely manner, and maintain back-up supporting documents
  • Prepare variance analysis for reports assigned, and understand the background of figures changed
  • Maintain up-to-date knowledge of financial/regulatory reporting requirements, as well as pertinent accounting standard changes within the regulatory reporting framework, and propose solutions as needed
  • Interact with management, and various regulators for inquiries and surveys
  • Promote assigned tasks and projects with minimum supervision
  • Provide back-up support to other staff members, and train junior staff as needed
  • Perform other duties as assigned

The Successful Applicant

  • The AVP of Regulatory Reporting will have experience within regulatory reporting at a global investment bank and knowledge of accounting requirements strongly preferred
  • In-depth understanding of banking regulatory reporting rules and regulations
  • Well-developed organizational, analytical, and problem-solving skills, aligned with excellent attention to detail and time management
  • Bachelor's degree
  • Knowledge of regulatory reporting, including calculation of Risk Weighted Assets under the US Basel III Standardized Approach
  • Intermediate knowledge of financial products (e.g. loans, deposits, securities, derivatives, money market products, repos etc.)
  • Minimum 5 years of experience in product control, financial accounting, regulatory reporting area or Big 4 Accounting firm, experiences in banking is required
  • Experience in regulatory reporting automation project is a plus
  • US CPA, CFA or equivalent license is preferred
  • Authorised to work in the US

What's on Offer

Attractive base and bonus

Opportunity to work in New York City or Jacksonville Florida

Exciting projects to get involved in

Excellent benefits

Charlotte Rooney-Jones
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Job summary

Contract Type
Consultant name
Charlotte Rooney-Jones
Job Reference