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Jobs · Accounting · Florida

Financial and Regulatory Reporting (IFRS and US) Consultant

Santander Private Banking International · Miami, FL · 1 wk ago
Accounting$71k/yrFull-time

It Starts Here: Santander is a global leader and innovator in the financial services industry and is evolving from a high-impact brand into a technology-driven organization. Our people are at the heart of this journey and together, we are driving a customer-centric transformation that values bold thinking, innovation, and the courage to challenge what’s possible.

About the role

The Financial Reporting Specialist (FRS) is responsible for filing International and US Regulatory reporting for BSI. The position ensures the integrity, consistency, and adequacy of the data being reported and its timely submission in accordance with the reporting requirements stipulated by the applicable regulatory bodies, Head Office (BSSA), and the IHC. The FRS ensures proper internal controls exist over report data and mapping to meet regulatory requirements, maintains current desktop procedures, and performs variance/trend analysis for specified reports. The role also prepares risk-weighted assets and regulatory capital calculations on a monthly basis and coordinates automation projects within the Finance department.

Responsibilities

  • Timely and accurate preparation of required Head Office (BSSA) and European Central Bank (ECB) reports, including but not limited to IFRS end-of-month closing, satellites, RIG, and Cartera de Negociacion.
  • Preparation of BSI regulatory reports, including but not limited to TICs, FR2900, FFIEC 009 & 009A, FRY 15, FRY9C, FR2886B, and FFIEC 031, as well as input for IHC regulatory reports.
  • Prepare Risk Weighted Assets (US and ECB) and regulatory capital calculations on a monthly basis for distribution to BSI, Head Office (BSSA), and IHC management.
  • Preparation of assigned quarterly SEC Reports.
  • Participate in the automation and upgrade of systems used in the reporting process, including migration and mapping for US and IFRS reporting, Hexaware, and Regnology applications, as well as IT projects for both BSI and IHC applications.
  • Maintain and implement technical upgrades of regulatory reporting applications, including research and comprehensive knowledge of the Bank’s current regulatory reporting tools (e.g., Reg. Reporter), general ledger, offered products, and related activities.
  • Maintain technical competence in US GAAP, IFRS, and regulatory regulations that impact reporting requirements.
  • Document all policies, procedures, and controls encompassing the regulatory reporting function, including desktop procedures, EUA processes, and document library descriptions.
  • Participate in bank examinations and internal and external audits with the goal of achieving satisfactory ratings.
  • Complete daily data extractions and validation processes to facilitate reporting.
  • Partner and interact with internal (IT, Legal, Compliance, FP&C, Financial Control, International Reporting, Financial Reporting, and Business Operations) and external constituencies (e.g., regulators, external auditors, and consultants) to facilitate projects, problem resolution, automation, and reporting needs.
  • Compliance with Corporate policies, culture, and training expectations.
  • Other duties as assigned or requested by immediate supervisor.

Requirements

  • Bachelor’s Degree in a related field or equivalent demonstrated through a combination of work experience, training, military service, or education (required).
  • Master’s Degree in a related field or equivalent (preferred).
  • 5+ years of professional experience in Accounting, Finance, Business Administration, or a similar field within the Banking or Financial Services Industry (required).
  • Advanced knowledge of accounting practices and procedures, including US GAAP/IFRS and regulatory reporting standards.
  • Strong regulatory and financial reporting knowledge of banking/financial institutions.
  • Experience working with Regulatory Reporting Vendor Solutions.
  • Excellent knowledge of Microsoft Office Suite, Oracle, Database, Access, and PowerPoint applications.
  • Advanced Excel skills.
  • Fluent in Spanish and English (required).
  • CPA (Certified Public Accountant) certification (preferred).
  • Legally authorized to work in the United States on a full-time basis without requiring employer sponsorship.

Pay

The base pay range for this position is $71,250.00 USD to $122,500.00 USD annually.

Benefits

Santander offers a comprehensive rewards package that includes competitive pay and benefits designed to support employees, their families, and well-being now and in the future. For more details, visit Santander Benefits.

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