Manager, Regulatory Reporting Finance

  • Negotiable
  • Newark, NJ, USA Newark NJ US
  • Permanent, Full time
  • Standard Chartered Bank
  • 14 Jul 18 2018-07-14

This position is responsible for assuring the accuracy and completeness of US regulatory reporting activities of SCB in the Americas. This position will be responsible for preparation and submission of financial filings required for companies regulated by the Federal Reserve. This position will also help transition the Company's regulatory software (REG-Reporter) to meet current and approaching regulations while documenting business-as-usual reporting processes to comply with FED requirements.

The Role Responsibilities
. Prepare, review, and analyze regulatory reports
. Responsible for the preparation of analytics ensuring that regulatory report submissions are robust and accurate
. Prepare responses to be submitted to the Federal Reserve Bank to address queries about reporting and variances identified by the Regulator
. Regulatory Reporting Department liaison in directing the efforts of and inquiring of FSSC in the preparation of US regulatory reports
. Complete remediation and restatement work for any returns requiring resubmission
. Review and document procedures and ensure desk operating instructions and procedures are up-to-date at all times
. Responsible for reviewing the analysis of various general ledger accounts to obtain information (data mine) as necessary to prepare the regulatory report and acting as liaison with the various accounting groups within Finance
. Work independently with various internal staff (i.e. compliance, legal, audit, and operations) and external constituencies (i.e. auditors, consultants and regulators) respond to regulatory queries and coordinate dissemination of financial queries as needed
. Facilitate corrections to the ledger as they affect or impact regulatory reporting entities, working with Controller to establish proper controls to mitigate reoccurrence working to resolve mapping issues
. Cross-training FSSC or local support staff to insure sufficient backup support exists for all regulatory functions
. Assist in the development and testing of automated systems used in regulatory reporting insuring mapping TP to GL and regulatory reports are aligned and accurate
. Provide quarterly variance analytics and research explanations
. Prepare and work papers supporting all reportable information
. Review and new or updated reporting requirements, and implement or update respective reporting processes
. Support quality and assurance review and monitoring requirements in support of meeting U.S. regulatory reporting.

Skills and Qualification:
Federal Reserve reporting knowledge a must [FR2900, FR2644, TICs, and the Call Report/FFIEC]
Experience applying Federal Reserve Bank reporting requirements and a thorough knowledge of basic accounting principles, 3-5 Total years of financial reporting experience, an accounting degree is preferable
Ability to think and operate beyond standard scope of responsibility, possess strong decision making skills.
Prior work experience in foreign banking a plus
Highly organized, detail oriented, adept at time management having a high degree of accuracy in all duties
Knowledge of vendor software (REG-Reporter) reporting packages a plus
A high degree of proficiency in Microsoft Excel is desirable in this hands on role