What are the responsibilities and job description for the Sr Director Regulatory Reporting-(Any location within footprint) position at Pinnacle Bank, a Tennessee bank, d/b/a Synovus Bank?
Job Summary
The Sr Director of Regulatory Reporting is responsible for overseeing and managing the end-to-end regulatory reporting process including preparing and reviewing filings such as the FR Y-9C, FR Y-9LP, Call Report, FR Y-15, FR Y-14M/Q series, FR 2052a, FR 2420, FR 2644, FR 2900, etc. This senior leadership role ensures that the bank complies with all applicable US regulatory requirements, including those set by the Federal Reserve, FDIC, and other relevant agencies. The role involves leading a team, collaborating with cross-functional departments, and serving as a key liaison with regulators and internal stakeholders. This role reports to the Head of Regulatory Reporting and regularly interacts with senior executives.
Job Duties and Responsibilities
- Regulatory reporting oversight: Oversees the end-to-end regulatory reporting process, including preparing and reviewing filings such as the FR Y-9C, FR Y-9LP, Call Report, FR Y-15, FR Y-14M/Q series, FR 2052a, FR 2420, FR 2644, FR 2900, etc.
- Guidance and policy interpretation: Acts as a subject matter expert on complex regulatory reporting rules, interpreting new and evolving regulatory requirements and assessing their impact on the bank. Monitors regulatory developments and proactively address potential compliance gaps. Maintains and updates policies, procedures, and controls related to regulatory reporting.
- Strategy and remediation: Leads strategic initiatives related to regulatory reporting and remediation efforts, such as those resulting from consent orders or regulatory findings.
- Business Partnership collaboration: Works closely with various internal departments, including Risk, Treasury, Technology, LOBs and internal audit, to gather data, communicate requirements, and ensure data integrity.
- External engagement: Acts as a key liaison with external auditors and regulatory agencies, providing support during examinations and addressing inquiries.
- Process improvement: Drives continuous improvement and automation efforts to enhance reporting efficiency, strengthen internal controls, and ensure strong data governance. Ensures robust controls are in place to mitigate reporting risks and support internal/external audits.
- Management reporting: Provides in-depth financial analysis to senior management and the board of directors, communicating trends, fluctuations, and strategic recommendations.
- Manages the annual performance management and merit processes for direct and indirect reports. Coaches and develops team members and builds a work environment where team members are engaged and feel a positive sense of achievement about their role in the company. Works closely with Human Resources regarding employee relations, compensation, training, posting and filling vacant positions and other Human Resources related matters.
- Each team member is expected to be aware of risk within their functional area. This includes observing all policies, procedures, laws, regulations and risk limits specific to their role. Additionally, they should raise and report known or suspected violations to the appropriate Company authority in a timely fashion.
- Performs other related duties as required.
The information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Synovus is an Equal Opportunity Employer committed to fostering an inclusive work environment.
Qualifications:
Minimum Education:
Bachelor’s degree in Finance, Accounting, a related discipline or an equivalent combination of education and experience.
Minimum Experience:
At least 10 years of regulatory reporting experience, with 5 years in a leadership role. Experience in regulatory reporting at a large financial institution is preferred.
Required Knowledge, Skills, & Abilities
- Strong analytical and technical skills
- Skill communicating with executive management to understand requirements and set priorities
- Excellent organizational and team management skills
- Skill leading, motivating and directing a team toward common goals while meeting all deadlines
- Skill managing multiple projects concurrently
- In-depth knowledge of banking regulations and regulatory reports of a Category IV institution.
- Proficiency using relevant financial and accounting software and systems, including regulatory reporting systems (AxiomSL / Nasdaq) and data management tools.