The external reporting function handles the oversight of the financial statements and management reporting, ensuring a sound control environment; understands and applies the accounting treatments and ensures compliance with appropriate corporate and regulatory requirements; coordinates the preparation of quarterly regulatory requirements; validates balance sheet items and understands balance sheet usage and reporting.
Job Responsibilities:
- Apply up-to-date product/industry/market knowledge in specialty areas of reporting
- Consolidate, review, and analyze quarterly financial data for accuracy and completeness; perform quarter-over-quarter variance analytics
- Review and analyze any legal entity structure change based on the event and evaluate its reportability of FR Y-10.
- Maintain and oversee the firm's legal entity hierarchy, including parent-subsidiary relationships, ownership chains, and organizational charts.
- Support the establishment, restructuring, and dissolution of legal entities in coordination with Legal, Tax, Treasury, and Compliance teams.
- Ensure accurate documentation of entity attributes including jurisdiction, regulatory status, functional purpose, and capital structure.
- Coordinate with global teams to ensure legal entity data is consistent across systems of record.
- Assist in regulatory filings related to entity structure (e.g., FR Y-6, FR Y-10, FR Y-12 or equivalent local filings).
- Monitor regulatory changes impacting legal entity structures and recommend necessary adjustments.
- Prepare and submit standalone regulatory reports for individual legal entities as required by local regulators (e.g., FR2314/ FR Y-11, FFIEC-030 etc.)
- Ensure timely, accurate, and complete reporting in accordance with applicable regulatory frameworks (e.g., FRB, Basel III/IV, CRR/CRD, local GAAP, IFRS).
- Perform data validation, reconciliation, and quality checks to ensure integrity of reported figures.
- Coordinate data collection and quarterly business results with various legal entity Controllers
- Assist in the thorough assessment of the issues and outcomes
- Clearly communicate financial information to the lines of businesses, and flag potential issues
- Participate in various aspects for the production, review and filing of monthly, quarterly, semi-annual, and annual reports for various regulatory agencies that are used by the regulators for compiling widely-used statistics on the levels of, and changes in, domestic and international portfolio positions
- Adhere to proof & control procedures to ensure accurate reconciliation between regulatory filings, SEC filings and other published financial reports (e.g., Form 10-Q, Annual Report/Form 10-K, Call Report & FR Y-9C, Pillar III, etc)
- Adhere to various control procedures and edit checks to ensure the integrity of reported financial results
- Ensure accurate and complete data submission to the Regulators
- Interpret and define regulatory and/or SEC requirements and coordinate internal and external policies
- Establish and manage relationships with the line of business as well as with external regulatory agency constituents through ongoing partnership and dialogue
- Participate in continuous improvement effort around data quality review and external reporting improvement projects
Qualifications:
- 1-3 years in a Finance organization with exposure to accounting, financial statements, and/or regulatory reporting
- Bachelor's degree in Accounting or Finance preferred
- Experience in Product Control, Financial Control or knowledge of SEC reporting/Reg reporting a plus
- Strong skills in time management, problem solving, written and oral communication
- Team player, with ability to work effectively across diverse functions, locations and businesses
- Excellent Excel and computer skills
- Strong analytical skills
- Extremely strong organizational and time management skills
- Project management experience/skills helpful