Regulatory Reporting Associate Job Description
Regulatory reporting associate
provides engineering and consultancy on data, technology and application integration issues and contributes to best practices for problem-solving approaches, tools and processes.
Regulatory Reporting Associate Duties & Responsibilities
To write an effective regulatory reporting associate job description, begin by listing detailed duties, responsibilities and expectations. We have included regulatory reporting associate job description templates that you can modify and use.
Sample responsibilities for this position include:
Prepare documentation for the reconciliation of the regulatory to US GAAP financial statements
Coordinate the testing and implementation of rule changes that impact reporting processes
Conduct deep dive reviews into existing reporting rules and associated infrastructure
Analyze regulatory inquiries related to trade and transaction data
Scheduling, coordinating and the management of releases and resiliency activities such as disaster recovery, server patches
Produce detailed documents to execute the resiliency activities like disaster recovery, server patches
Prepare drafts of various quarterly and annual financial statements
Support the improvement and enhancement of communications and processes around obtaining information necessary for the production of external financial statements
Address requests from the external auditors in connection with annual financial statements that are subject to audit
Maintain and build knowledge of all current regulations and requirements and work with the managers to ensure that new accounting pronouncements affecting disclosures are implemented effectively, accurately, and completely
Regulatory Reporting Associate Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Regulatory Reporting Associate
List any licenses or certifications required by the position: CPA, CIA, PRINCE2, PMP, FRM, PRM, MBA, CA, FINRA
Education for Regulatory Reporting Associate
Typically a job would require a certain level of education.
Employers hiring for the regulatory reporting associate job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Master's Degree in Finance, Accounting, Business, Economics, Financial Services, Graduate, Accountancy, MBA, Engineering, Mathematics
Skills for Regulatory Reporting Associate
Desired skills for regulatory reporting associate include:
Application
Data and infrastructure architecture disciplines
Devops model of continuous and automated integration
Industry wide technology trends and best practices
Test and delivery
Financial products
Business processes and procedures service and systems
Documentation
Especially on FR2052a
FRB regulatory reporting
Desired experience for regulatory reporting associate includes:
Bright and enthusiastic individual ideally professionally qualified, law or accountancy graduate
Ability to work well both within a team independently with minimum supervision
Minimum of 3 years experience gained in a business analyst role
Strong understanding of global transaction reporting to global jurisdictions such as CFTC, ESMA, JFSA, HKMA, MAS, CSA & ASIC
Should have hands-on data analysis (database query skills)
Prior Operations experience necessary
Regulatory Reporting Associate Examples
1
Regulatory Reporting Associate Job Description
Job Description Example
Our company is looking to fill the role of regulatory reporting associate. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for regulatory reporting associate
- End-to-end FDIC Modernization reconciliation on a quarterly basis
- Analyzing new products and specific transactions for financial regulatory control adherence and capital impact
- Providing interpretive guidance on financial regulatory matters to business units within the firm
- Assisting in managing regulatory capital and risk weighted asset limits
- Assisting in the development of the business architecture required to support the firm's future Intermediate Holding Company’s (IHC) regulatory reporting requirements
- Regulatory compliance with relevant regulations and providing detailed analysis of the data contained within the filings trend comparisons from period-to-period
- Assisting in the development of reconciliation framework between the IHC ledgers and regulatory reports FR Y-9C
- Assisting in the data aggregation across various infrastructure areas within the IHC
- Preparation of exception based issue reporting related follow-up with issue owners
- Project management and business analysis tasks, primarily focusing on transaction reporting, which would involve running
Qualifications for regulatory reporting associate
- RAD Development background
- In-depth knowledge of Microsoft Excel and VBA
- Data manipulation in MS Excel, MS Access and advanced freehand SQL scripting skills (such as identifying sets/subsets of data across multiple joins/unions of tables)
- Experience of SIT and UAT of complex, low-latency trading environment
- Experience of working with geographically dispersed technology and operations teams
- Working knowledge of XML and VB Script preferred
2
Regulatory Reporting Associate Job Description
Job Description Example
Our growing company is looking for a regulatory reporting associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for regulatory reporting associate
- Monthly FOCUS filings under 15c3-1
- Weekly customer reserve protection calculation under 15c3-3
- Assess and drive remediation of current distributed operating processes
- Drive opportunities for consolidation and automation to alleviate risk profile of regulatory reporting regime
- Create operating model to transition core reports into BAU, chair regional regulatory reporting forum and streamline the signoff model for core reports
- Coordinate oversight and governance of MiFID I transaction reporting
- Conduct deep dive reviews into regulatory issues, ensure findings are properly tracked and resolved to drive reduction in regulatory risk
- Manage key stakeholder and client engagement including, Compliance, LOB contacts, Technology and Global Control
- Detailed business analysis/requirements definition embedding appropriate controls across our data and core capabilities streams of delivery
- Work with the Technology teams to review, identify, agree and implement appropriate control framework
Qualifications for regulatory reporting associate
- A flexible, organised, proactive attitude towards work with the ability to multi-task and prioritize workload
- Individual contributor and can work without constant supervision
- The successful candidate is likely to have RAD experience within a Technology team and hold a Bachelor’s degree in an academic or numerate subject
- Strong understanding of the trading life cycle (Orders, Executions, Allocations) and Operational Processes
- Preparing test scripts and manage user acceptance testing
- Strong ability to partner with colleagues in the business and other Federation teams to understand complex regulatory reporting requirements
3
Regulatory Reporting Associate Job Description
Job Description Example
Our growing company is looking to fill the role of regulatory reporting associate. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for regulatory reporting associate
- Work in partnership with the EMIR team to, implement and oversee a robust, globally consistent, effective Operating Model, Control Framework and Governance to aid lines of businesses across the globe in meeting key EMIR obligations
- Drive programs of work to address regulatory controls issues, reconciliation breaks and improve data quality across LOBs
- Proactive review of regulatory KRIs and metrics (in conjunction with the wider global team) to identify areas for deep dive review
- Preparation of daily reporting for review by London team
- Daily capital variance analysis, including validation of material movements and preparation of commentary
- Preparation and input of adjustments
- Preparation of offline calculations for review by London team
- Perform detailed anaylysis on product features, data captured in system and able to draft detailed business requirements for technology automation purposes
- Act as subject matter expert of reporting requirements and able to provide training to impacted parties
- Provide test cases, participate in system User acceptance testing, review test results and able to determine testing objectives are met
Qualifications for regulatory reporting associate
- Business Analyst / Design skills
- Manage small scale projects from inception through completion with little guidance
- Prefer at least 1-2 years of solid Business Analysis experience, including leading global projects and understanding the development lifestyle
- Vice President roles will require 5 years of experience within the Financial Services industry
- Associate and Analyst roles do not require experience within the Financial Services industry
- Demonstrated expertise in business process reengineering (workflow implementations is a plus.)
4
Regulatory Reporting Associate Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of regulatory reporting associate. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for regulatory reporting associate
- Investigate and work with other operations teams and technology to resolve exceptions associated with creation of the CFTRs
- Producing accurate, succinct, and tailored presentations for a range of stakeholders, including desk heads
- Create metrics for the tracking and analysis of the CFTR
- Review and analyze new business, rule changes or system changes that impact reporting processes and perform testing of these changes
- Document business requirements outlining changes to reporting processes as a result of new business activity, new or amended regulations, system changes
- Perform random sample testing of regulatory reporting processes to ensure accuracy and completeness
- Develop recommendations for process and control improvements
- Reg Sho, OATs, Electronic Blue Sheets, Short Interest, LOPR, Large Trader, (and others)
- Partner with Regulatory Operations Business Analysis and Control Teams to develop controls and execute analysis of regulatory reporting
- Project Management from end to end, including Planning, Business Requirement Documentations, User Assessment Testing, Go Live Preparation and Post Go Live Support
Qualifications for regulatory reporting associate
- Preferred candidate will have at least 4 years of business experience in Operations, preferably working with Derivatives
- Sufficient business experience, including leading global projects and understanding the development lifestyle
- Ability to interact and communicate effectively with senior leadership and business sponsors
- Ability to effectively navigate and multi-task across a wide portfolio of work
- Results driven, have attention to detail, and skilled at diplomatically breaking down barriers and obstacles
- Ability to successfully navigate, influence, and lead collaboratively in a complex environment
5
Regulatory Reporting Associate Job Description
Job Description Example
Our company is hiring for a regulatory reporting associate. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for regulatory reporting associate
- Develop requirements into technical solutions using a mixture Moody’s Risk Authority (RAY) application, Oracle database (12c) and Control-M technologies
- This is a highly interactive role and as such requires the capability to work effectively with a diverse range of professionals internally, covering a wide variety of products and functions
- Identify and implement efficiencies into daily functions
- Identify key areas of risk in the reporting process and influence the development of controls
- Produce and/or validate for accuracy daily, weekly and/or monthly regulatory reports
- Timely investigation and resolution of exceptions and DTCC responses
- Analyze, suggest and execute process improvements
- Interface with management on key risks impacting the Firm’s securities reporting
- Produce and/or validate the accuracy for daily, weekly and/or monthly regulatory reports
- Timely investigation and resolution of exceptions associated with reporting
Qualifications for regulatory reporting associate
- Calculating components of the regulatory capital position on a daily basis
- Preparation and analysis of information used in frequent ad-hoc requests
- Strong Communication - ability to communicate effectively, both orally and in writing, to a broad range of people across the Firm at various levels of seniority
- Self-motivated and Proactive - Ability to run with issues, get involved hands-on, and provide constant high-quality feedback
- Proven program delivery & execution track record within financial services esp
- Plan and manage project timeline, activities, and project deliverables