What are the responsibilities and job description for the Regulatory Reporting Manager position at Comerica Bank?
Regulatory Reporting Manager
This position manages the preparation of reports for bank regulatory agencies, including the Comprehensive Capital Analysis and Review (CCAR), FR Y-14M, and FR Y-14Q, among . others. Provides support for the quarterly Call and FRY-9 reports and other regulatory disclosures such as the FR2900, FR2644, and FFIEC 009, among others.
This position manages the preparation of reports for bank regulatory agencies, including the Comprehensive Capital Analysis and Review (CCAR), FR Y-14M, and FR Y-14Q, among . others. Provides support for the quarterly Call and FRY-9 reports and other regulatory disclosures such as the FR2900, FR2644, and FFIEC 009, among others.
Position Responsibilities:
- Serves as point of contact for consultation and documentation regarding regulatory disclosure issues, including system implementations for the Enhanced Prudential Standards and processes for applicable reports.
- Continuously enhance and drive accountability of the critical data elements used for regulatory reporting including collaboration with various stakeholders across business and functional areas of the bank to interpret, operationalize and implement regulatory reporting data requirements.
- Research and review regulatory reporting changes including impact analysis with focus on Regulatory CCAR reports. Manage and lead cross-report reconciliations as applicable.
- Review Regulatory disclosures and reports, underlying workpapers and calculations for accuracy and completeness, while assisting staff with proper preparation of these reports.
- Manage reporting processes, including review of rules integrating data into the reports, to ensure timeliness and proper workflow and incorporation of all feedback received from other collaborators.
- Identify and implement opportunities to automate, increase efficiencies and improve controls with software and process enhancements as well as compliance with Enhanced Prudential Standards.
- Research and consult on complex reporting issues and respond to ad-hoc requests for reports and information.
- Manage and develop staff.
Position Qualifications:
- Bachelor's Degree in accounting
- 5 years of Accounting and Reporting experience, financial services and regulatory reporting preferred.
- 2 years of Management and staff development experience
- CPA preferred
- Advanced knowledge of Microsoft Excel (e.g., advanced functions such as VLOOKUP and IF statements, create pivot tables)
- Intermediate knowledge of Microsoft Word, PowerPoint, and Outlook
- Advanced knowledge of reporting software (e.g., AxiomSL/Adenza)
- Exceptional technical accounting skills, with in-depth knowledge of GAAP reporting (preferred regulatory reporting background)
- Ability to work collaboratively and building strategic relations with colleagues and external regulators
- Ability to implement new systems and procedures and to evaluate their effectiveness
- Financial services and/or "Big 4" public accounting experience is a plus
8:00am - 5:00pm Monday - Friday This position offers a hybrid work model that includes onsite and remote days as determined by the manager.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.