Financial Management Department-Financial Regulatory Reporting AVP

Overview

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Responsibilities

• Coordinate, prepare, document and file regulatory reports
• Prepare, review, analyze and file regulatory documents and reports and liaise with other departments/branches, non-branch entities and Head Office for timely submission of various regulatory reports including FR Y-10, FR Y-7, FR Y-7Q and FR Y-7N
• Coordinate, compile and review data, reports and other materials as requested for audits/regulatory requests
• Maintain relationships with Head Office staff, regulators and auditors and respond to their inquiries
• Maintain regulatory policy and procedures for reports prepared
• Oversee the compliance of OCC capital equivalency deposits and FDIC asset pledge and asset maintenance requirements
• Prepare, review and monitor calculations for asset maintenance ratio, OCC capital equivalency deposits and FDIC pledged assets requirements on a daily basis
• Monitor timely distribution of daily asset maintenance report to Treasury and relevant parties and proper documentation of Treasury’s daily estimate
• Conduct preparation, review and analysis of the monthly reports of asset maintenance ratio, OCC capital equivalency deposits and FDIC pledged assets to ensure monthly/quarterly submission of the reports to regulators
• Liaise with Treasury, Global Markets Department, Operation Services Department and Depository Bank to ensure transactions of pledged securities are completed in a timely manner and in accordance with regulatory requirements
• Respond to OCC and auditors’ inquiries concerning the reports prepared
• Maintain regulatory policy and procedures and recommend improvements for daily reporting process
• Provide assistance and support to team with the regulatory software
• Coordinate updates to software and perform testing as needed
• Assist the software consultant with resolution of software mapping and other issues

Qualifications

• Bachelor’s degree is required; MS/MBA in Accounting/Finance preferred
• A minimum of 5 year of experience in Financial/Regulatory reporting required
• At least 3 years of Regulatory Reporting (TIC B, FFIEC002, FR Y-7/7Q/7N/10) experience required
• A Solid knowledge in generally accepted accounting principal and regulatory reporting requirements is required
• Familiarity in Word & Excel (VBA/Pivot Tables), SQL, Database, and Regulatory Software required
• Bilingual in English and Mandarin is preferred
• CPA certification preferred

Pay

Pay Range Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications. USD $65,000.00 - USD $150,000.00 /Yr.