Specialist – Liquidity Regulatory Reporting

About the role

The Specialist – Liquidity Regulatory Reporting role is responsible for the review, approval and submission of complex liquidity regulatory reports, with a primary focus on the FR 2052a. The candidate should have familiarity with FR 2052a regulatory reporting requirements and the daily submission process, including being able to provide coverage to review exceptions and process FR 2052a adjustments as part of the daily submission. Responsibilities include owning the daily production and submission of the FR 2052a process to the Federal Reserve, collaborating with cross-functional teams across the Bank, maintaining Procedures and Standards for regulatory compliance, analyzing balance sheet movements, producing daily and monthly MIS liquidity reporting, advising business unit senior management on regulatory implications of proposed transactions and new product offerings, participating in strategic liquidity management initiatives and regulatory change projects, and representing the firm in industry advocacy forums regarding liquidity reporting initiatives.

Responsibilities

• Analyze balance sheet and perform general ledger adjustments
• Research and analyze day-over-day balance sheet movements and accounts out of balance with the goal of remediating in a short timeframe
• Production of daily and monthly MIS liquidity reporting to broad distribution including Senior Management Committees
• Advise business unit senior management on regulatory implications of proposed transactions and new product offerings
• Participate in strategic liquidity management initiatives and regulatory change projects, including process enhancements and automation opportunities
• Represent the firm in industry advocacy forums regarding liquidity reporting initiatives
• Communicate complex regulatory and financial topics through executive-level presentations and written materials
• Understand intercompany transactions performed across consolidated entities
• Have a strong control framework and control check mindset
• Collaborate with other groups to identify exceptions and post adjustments (mirroring general ledger entries) in a short timeframe

Requirements

• Proven ability to analyze balance sheet and perform general ledger adjustments
• Experience with data analytics, reporting tools, and/or regulatory reporting platforms is preferred
• Understanding of liquidity concepts and regulatory reporting

Qualifications

• 10+ years of work experience with related four-year degree

Skills

• Knowledge of FR 2052a regulatory reporting requirements
• Ability to communicate complex regulatory and financial topics through executive-level presentations and written materials
• Understanding of intercompany transactions performed across consolidated entities
• Strong control framework and control check mindset
• Ability to collaborate with other groups to identify exceptions and post adjustments (mirroring general ledger entries) in a short timeframe

Benefits

Comprehensive benefits package including retirement benefits (401k and pension), health and welfare benefits (medical, dental, vision, spending accounts and disability), paid time off, parental and caregiver leave, life & accident insurance, and other voluntary and well-being benefits. Discretionary bonus program that may include an equity component.

Pay

$137,400 - 233,600 USD

Schedule

Hybrid