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Vice President - Regulatory Reporting Specialist
Finance & Investment Industry Company
Jersey City, NJ, United States
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About Company:
Company is a leading bank in Europe with an international reach. It has a presence in 74 countries, with more than 192,000 employees, including more than 146,000 in Europe. The Group has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and Company Personal Finance is the leader in consumer lending. Company is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, Company also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.
Company website
Responsibilities:
The Regulatory Reporting Change Team will act as a coordinator for the Banking and IHC Regulatory Reporting teams. Key responsibilities will include:
• Managing the accountability policy and liaise with key stakeholders.
• Manage the regulatory reporting issue tracker; ensure issues are closed on a timely basis.
• Coordinating the annual regulatory reporting training program; enhancing the training materials and delivering various trainings to key stakeholders.
• Assist with the implementation and on-going enhancements of the Regulatory Reporting tool (Axiom); including performing system testing and UAT reporting.
• Provide quality assurance / control across the Banking and IHC regulatory reporting teams, including:
◦ Ensure compliance with internal regulatory reporting policies and procedures; including drafting and maintaining procedures.
◦ Coordinate and review TAC/NAC to ensure that new products/transactions are properly reflected within the reporting
◦ Conduct report and threshold monitoring
◦ Perform research on changes on new regulatory reporting requirements and accounting standards and its impact to the group’s reporting
• Establish and maintain communication with the Financial Reporting Group, the Finance Project Office, and the Financial Control Group and ensure that regulatory reporting requirements are properly addressed on all levels of system and procedural changes, including the introduction of new bank products.
• Liaise with various internal (i.e. Supervisory Relations, Legal, Compliance, Audit, FCOO, IT, and Business Operations) and external constituencies (i.e. regulators, external auditors and consultants).
• Participate in bank examinations and internal and external audits.
• Serve as the point-of-contact between the Regulatory Reporting Department and Data Governance for all data programs (i.e., DQIP, Data Trace, Data Operations, etc.)
BNPPRSR
Minimum required qualifications:
• Minimum of 7-10 years’ experience in Financial Reporting, Accounting, Regulatory Reporting or equivalent functions
• Bachelor’s Degree, or equivalent work experience, in Accounting or Finance required
• Comprehensive knowledge of all reports that are due to the Federal Reserve Bank, the various State banking regulatory authorities, the U.S. Department of Commerce and Cayman Islands Monetary Authority is critical.
• Ability to understand complex financial products and system architectures, including accounting business processes including financial and management reporting (IFRS and US GAAP), month-end closing process, regulatory reporting, entity consolidations and multi-currency accounting.
• Strong regulatory & financial reporting knowledge prevalent in banking/financial institutions required
• Strong Microsoft software Office skills (Excel, Word, Access, PowerPoint, Visio, Project).
• Ability to build relationships across functions to drive towards a common goal.
Preferred qualifications:
• Passed all four (4) parts of the Certified Public Accountants examination, or registered to take the examination
• Previous financial services experience in Public Accounting (i.e., Audit or Consulting)
• Master’s degree in Accounting or Finance
• Knowledge of Axiom preferred
• Prior experience with Foreign Banking Organization
• Program and project management skills
FINRA Registrations Required:
• Not Applicable