What are the responsibilities and job description for the VP Bank Regulatory Reporting position at Madison-Davis, LLC?
Title: VP Bank Regulatory Reporting
Office Status: 2-3 days per week in office
Salary: Up to 185k base
Overview:
The primary responsibility of the position is to prepare and/or review assigned regulatory reports in an accurate and timely manner in accordance with US GAAP and instructions from regulatory authorities, which requires working knowledge of financial accounting and regulatory reporting, as well as understanding of the financial industry and products. You will be expected to support with supervisor for the governance function of the regulatory reports, which includes coordination of Regulatory Reporting Governance Committee, Interpretation Forum, and handling communication with outside of reporting production team. You will be responsible for regulatory reports across all entities under the Combined US Operations.
Responsibilities:
- Prepare or review daily/weekly/monthly/quarterly/annual and ad-hoc regulatory reports including, but not limited to, Federal Reserve reports (e.g. FR Y-15, FR Y-9C, FFIEC 031, FFIEC 002, FFIEC 009, FFIEC 019, FR2644, and FR2900,), Department of Treasury reports (TIC Reports), and Department of Commerce reports (e.g. BE-605, BE-15, and BE-125) with the ability to interpret the relevant regulatory instructions.
- Reconcile reporting data to GL, validation of static data and perform variance analysis.
- Support for the governance function of the regulatory reports, which includes development of trainings, and coordination of Regulatory Reporting Governance Committee, Interpretation Forum, handling communication with outside of reporting production team (e.g. Internal Auditor, Quality Assurance, and FRB) and Change Management Forum.
Qualifications:
- Bachelor’s degree in Accounting major is preferred.
- Advanced degree or professional certifications (e.g. CPA, CFA or equivalent) is preferred.
- Minimum 7 -10 years of experience in financial reporting, regulatory reporting, or related field in banking industry.