Basel Standardized External Financial Reporting Consultant

  • location: San Francisco, CA
  • type: Permanent
  • salary: $100,000 - $120,000 per year
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job description

Basel Standardized External Financial Reporting Consultant

job summary:




Apply now to be part of a fast-paced team, creating processes within a well-known financial institution!

The Team

The Regulatory and Basel Reporting team (RBR) is responsible for timely and accurate regulatory filings. This work effort includes application of Basel Standardized RWA (Call Report RC-R, FR Y-9C HC-R and Y-14Q Schedule D) reporting instructions, collection of data necessary to populate reports, and understanding of trends and variances in reporting line items.

The Role

Our Regulatory and Basel Reporting team (RBR) is responsible for filing regulatory reports with numerous regulatory agencies and currently has many ongoing projects related to the enterprise-wide implementation of data management and the COSO-based governance and oversight framework. RBR is looking for an experienced Basel reporting analyst to join its team to prepare, review and analyze the Standardized Risk Weighted Assets (RWA) Basel components that are also included in the Call Report RC-R, FR Y-9C HC-R and Y-14Q Schedule D reporting schedules. This key analytical role will also support earnings estimate process and management information critical to communicating are capital position and related key ratios. In addition to the core reporting responsibilities, this key function will also support related process improvement and implementation initiatives. This position will be coordinating with key partners including the line of business data providers to deliver timely and accurate reports. The Basel Reporting Analyst will directly communicate with management, business line controllers, and banking regulators, including the Federal Reserve Board and FDIC providing prompt reporting status and appropriate responses to questions/ inquiries.

Key Responsibilities include:

  • Obtain and maintain SME knowledge of the Basel Standardized RWA methodology and related impacted regulatory reports including Call Report RC-R, FR Y-9C HC-R and FR Y-14Q Schedule D
  • Perform and develop new validations, reconciliations, checks, period over period variance analysis and other analytics to ensure adherence of the reports to the regulatory instructions and guidelines
  • Support the earnings estimate process to compile estimates of the regulatory ratios for internal management reporting
  • Partner with Corporate Accounting Policy, LOB Controllers and the Regulatory Interpretations Team to ensure that consistent adherence to regulatory rules including assessment of scheduled changes.
  • Be part of key projects to support the RBR Reporting Team in meeting the changing and heightened expectation of regulatory reporting requirements. This includes supporting deliverables for key strategic Enterprise Finance projects.
  • Implement change management effectively communicating regulatory reporting changes to all stakeholders to ensure appropriate implementation of new or revised regulatory reporting requirements.
  • Ensure the compliance with requirements under the Company's Regulatory Reporting Governance & Oversight Framework including desktop procedures, work papers, and EUCT controls for the assigned regulatory reports; provide guidance and support to the department in completion of all required deliverables.
  • Provide input to impact of reporting deficiencies; communicate and facilitate the discussion with line of business reporting team for resolution; track and document the resolution implementation cycle from report owner perspectives. Follow the established amendments framework as required.
  • Updated and creating pseudo code for regulatory reports
  • Support ad-hoc report request for reporting analysis and issue investigation.
Required Qualifications

  • 2+ years of risk and regulatory compliance experience
  • 1+ year of SQL experience
  • 4+ years of experience in one or a combination of the following: finance, accounting, analytics and reporting; or a BS/BA degree or higher in Finance, Accounting, Statistics, Economics, Business and 2+ years of experience in one or a combination of the following: finance, accounting, analytics or reporting
  • Experience with SQL

Desired Qualifications

  • 2+ years of business systems analysis or design experience
  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
  • Knowledge and understanding of Basel III reporting
  • Extensive knowledge and understanding of research and analysis
  • Ability to successfully operate in a complex and matrixed environment
  • A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting
  • Experience with SQL, Essbase and data analysis experience with ability to handle large volumes of data sets from different sources systems
  • Understanding of BASEL III capital rules and previous Regulatory reporting experience in the preparation of various US Regulatory Reports such as FR Y-9C, Call Report, FFIEC 101 or CCAR 14Q/M/A schedules
  • Self-starter and ability to work high degree of independence
  • Advanced Proficiency in Microsoft PowerPoint, Excel, Visio and ability create /maintain complex spreadsheets.
  • Risk and Control awareness with familiarity to COSO framework
  • Ability to work effectively under pressure and handle multiple projects
Job Expectations

  • Ability to travel up to 10% of the time
 
location: San Francisco, California
job type: Permanent
salary: $100,000 - 120,000 per year
work hours: 8 to 5
education: Bachelor's degree
experience: 4 Years
 
responsibilities:
Key Responsibilities include:

  • Obtain and maintain SME knowledge of the Basel Standardized RWA methodology and related impacted regulatory reports including Call Report RC-R, FR Y-9C HC-R and FR Y-14Q Schedule D
  • Perform and develop new validations, reconciliations, checks, period over period variance analysis and other analytics to ensure adherence of the reports to the regulatory instructions and guidelines
  • Support the earnings estimate process to compile estimates of the regulatory ratios for internal management reporting
  • Partner with Corporate Accounting Policy, LOB Controllers and the Regulatory Interpretations Team to ensure that consistent adherence to regulatory rules including assessment of scheduled changes.
  • Be part of key projects to support the RBR Reporting Team in meeting the changing and heightened expectation of regulatory reporting requirements. This includes supporting deliverables for key strategic Enterprise Finance projects.
  • Implement change management effectively communicating regulatory reporting changes to all stakeholders to ensure appropriate implementation of new or revised regulatory reporting requirements.
  • Ensure the compliance with requirements under the Company's Regulatory Reporting Governance & Oversight Framework including desktop procedures, work papers, and EUCT controls for the assigned regulatory reports; provide guidance and support to the department in completion of all required deliverables.
  • Provide input to impact of reporting deficiencies; communicate and facilitate the discussion with line of business reporting team for resolution; track and document the resolution implementation cycle from report owner perspectives. Follow the established amendments framework as required.
  • Updated and creating pseudo code for regulatory reports
  • Support ad-hoc report request for reporting analysis and issue investigation
 
qualifications:


Required Qualifications

  • 2+ years of risk and regulatory compliance experience
  • 1+ year of SQL experience
  • 4+ years of experience in one or a combination of the following: finance, accounting, analytics and reporting; or a BS/BA degree or higher in Finance, Accounting, Statistics, Economics, Business and 2+ years of experience in one or a combination of the following: finance, accounting, analytics or reporting
  • Experience with SQL

Desired Qualifications

  • 2+ years of business systems analysis or design experience
  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
  • Knowledge and understanding of Basel III reporting
  • Extensive knowledge and understanding of research and analysis
  • Ability to successfully operate in a complex and matrixed environment
  • A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting
  • Experience with SQL, Essbase and data analysis experience with ability to handle large volumes of data sets from different sources systems
  • Understanding of BASEL III capital rules and previous Regulatory reporting experience in the preparation of various US Regulatory Reports such as FR Y-9C, Call Report, FFIEC 101 or CCAR 14Q/M/A schedules
  • Self-starter and ability to work high degree of independence
  • Advanced Proficiency in Microsoft PowerPoint, Excel, Visio and ability create /maintain complex spreadsheets.
  • Risk and Control awareness with familiarity to COSO framework
  • Ability to work effectively under pressure and handle multiple projects
Job Expectations

  • Ability to travel up to 10% of the time
 
skills: Regulatory reporting
Equal Opportunity Employer: Race, Color, Religion, Sex, Sexual Orientation, Gender Identity, National Origin, Age, Genetic Information, Disability, Protected Veteran Status, or any other legally protected group status.

Qualified applicants in San Francisco with criminal histories will be considered for employment in accordance with the San Francisco Fair Chance Ordinance.

We will consider for employment all qualified Applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws, including the City of Los Angeles' Fair Chance Initiative for Hiring Ordinance.

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