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Regulatory Reporting Manager- Director
Mitsubishi UFJ Financial Group
New York, NY, United States
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Description
Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 5th largest financial group in the world with total assets of over $2.4 trillion (as ranked by SNL Financial, April 2016) and 140,000 colleagues in nearly 50 countries. In the U.S., we’re 13,000 strong, working together to positively impact every customer, organization, and community we serve. We achieve this by delivering on our values, putting people first, fostering long-term relationships built on honesty and mutual understanding, and inspiring the best in each other. This is all part of our inclusive, high-performing culture supported by Total Rewards that include our cash balance pension plan. Join a team that’s working to fulfill its vision to be the world’s most trusted financial group.
Job Summary:
The Regulatory Reporting Manager (Director) reports to the Managing Director of Regulatory Reporting and is responsible for the direct oversight of the centralized regulatory reporting function, which is responsible for the timely and accurate preparation and filing of financial regulatory reports in compliance with legal and regulatory requirements, the Bank policies and procedures, and generally accepted accounting principles. This position is responsible for managing the Regulatory Reporting Production team responsible for executing the regulatory reporting requirements within the Controller's department. Directly supervises a team of regulatory reporting analysts, which may include reporting production manager(s).
Major Responsibilities:
• Direct oversight of the Regulatory Reporting team to ensure the accurate and timely preparation and filing of all assigned financial regulatory reports for the US and Cayman branches in compliance with all legal and regulatory requirements, company policies and procedures, and generally accepted accounting principles.
• Provide training and guidance for staff on the company’s regulatory reporting policies and procedures, and documentation standards.
• Responsible for ensuring staff follow both the regulatory reporting instructions and our documented policy and procedures and maintain desktop procedures and supporting documentation for filings on a current basis and in a clear and comprehensive manner.
• Ensure change is managed with appropriate controls, clear documentation and necessary approvals including, but not limited to, implementation of new and revised regulatory reporting requirements and reporting of new products/transactions.
• Research and resolve issues; provide recommendations; escalate to senior management, as needed.
• Interact with Senior and Executive Management, making presentations, and recommendations.
• Work collaboratively with Regulatory Reporting Policy, Business Unit Controllers, Technology Team, Corporate Accounting and other subject matter experts in the company on reporting matters including, but not limited to, automation and other process opportunities to improve the quality and efficiency of our reporting in line with best practices.
• Provide support for the development of detailed comprehensive requirements (data and functional) for regulatory reporting as a key team-member in our automation initiatives.
• Lead continuous enhancement of our internal controls over regulatory reporting including robust analytical procedures and detective controls for the team of Regulatory Reporting analysts, thereby adding further value to our role as the last line of defense who can identify issues in the data prior to filing reports with the regulators.
• Communicate with regulatory agencies on examinations, rule interpretation and other questions.
Qualifications
• Thorough, comprehensive and current understanding of banking regulatory reporting rules and regulations, banking products & financial statements
• Excellent analytical skills and understanding of effective control design
• Ability to lead team effectively to meet tight filing deadlines
• Detail oriented with the ability to work efficiently and independently with little supervision
• Excellent time management skills and the ability to work under time pressure and handle multiple tasks/projects at the same time
• Comfortable working collaboratively across multiple cross-discipline teams on problem resolution as well as identifying best practices and process efficiencies.
• Excellent communication skills (both written and verbal) and interpersonal skills
• Accounting or finance degree is required with 12+ years related experience, including a minimum of 5 years in the financial services industry
• CPA or Chartered Accountant certification is strongly preferred
• Public accounting experience (Big 4) is a strong plus
• Experience leading a regulatory reporting function at a large bank in the USA is a strong plus
• At least 5 years of managerial experience, including managing a financial reporting team
• Proficient in Microsoft suite of products (Word, Excel, and PowerPoint)
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.