FR Y-15 (Systemic Risk Report)

Regulatory Reporting Specialist / FR Y-15 (Systemic Risk Report)

Location: NYC, NY

Type: Hybrid, 2 days onsite

Job Summary

A leading financial institution is seeking an experienced Regulatory Reporting Specialist to support its regulatory reporting function. The ideal candidate will be responsible for preparing, reviewing, and submitting regulatory reports, with a primary focus on the FR Y-15 (Systemic Risk Report) required by the Federal Reserve.

Key Responsibilities

• Prepare, review, and file the FR Y-15 (Systemic Risk Report) in accordance with Federal Reserve requirements.
• Ensure regulatory submissions are accurate, complete, and delivered within established deadlines.
• Analyze financial data and perform reconciliations to support regulatory reporting accuracy.
• Prepare U.S. GAAP adjusting journal entries as required for regulatory reporting purposes.
• Review and validate reporting information received from various business units and branches.
• Maintain communication with regulators and respond to regulatory reporting inquiries and issues.
• Identify reporting discrepancies, investigate root causes, and recommend corrective actions.
• Develop and maintain regulatory reporting procedures, documentation, and guidance for branches.
• Collaborate with Accounting, Finance, Risk Management, and Regulatory Reporting teams.
• Support enhancements and process improvements related to regulatory reporting activities.

Required Qualifications

• Bachelor’s degree in Accounting, Finance, Business Administration, or related field.
• 5 years of experience in regulatory reporting, financial reporting, or accounting within the banking/financial services industry.
• Experience handling U.S. regulatory reports required for Foreign Banking Organizations (FBOs).
• Strong understanding of U.S. GAAP accounting principles.
• Experience preparing and reviewing accounting adjustments and journal entries.
• Knowledge of Federal Reserve regulatory reporting requirements.
• Strong analytical, reconciliation, and problem-solving skills.
• Excellent written and verbal communication skills with the ability to work with regulators and senior stakeholders.

Preferred Qualifications

• Hands-on experience with FR Y-15 reporting.
• Experience working with global financial institutions or foreign bank branches.
• Knowledge of Basel regulatory reporting concepts and systemic risk reporting.
• Experience supporting regulatory reporting automation initiatives.
• Familiarity with regulatory reporting platforms.

Required Technical Skills / Tools

• AXIOM Regulatory Reporting Platform
• Microsoft Excel
• Regulatory reporting systems
• Financial data analysis and reconciliation tools