Bank Regulatory Associate

Overview

• Lead regulatory reporting processes, ensuring adherence to compliance standards and accuracy in financial data representation.
• Collaborate with cross-functional teams to enhance reporting procedures and streamline operations.
• Drive automation initiatives to improve efficiency and reduce manual intervention in reporting tasks.
• Prepare detailed variance analyses and validate transaction changes to ensure data integrity.
• Support compliance efforts by partnering with external entities and internal departments.
• Contribute to quarterly meetings by providing insightful analysis and documentation.
• Adapt to dynamic business needs and take on additional responsibilities as required.
• Serve as a backup for various operational tasks, including accounting and reconciliation.

Key Responsibilities & Duties

• Prepare and verify regulatory reports such as FR 2420, FR 2900, and FFIEC 002.
• Collaborate with IT teams to implement automation projects and enhance reporting tools.
• Analyze reporting instructions and conduct variance analyses to ensure compliance.
• Validate transaction changes, ensuring accuracy in regulatory submissions.
• Partner with external entities to maintain compliance and correctness in reporting.
• Assist in compliance procedures and support departments in reporting enhancements.
• Document and analyze outcomes from quarterly meetings to inform strategic decisions.
• Contribute to special projects and additional tasks as assigned by management.

Job Requirements

• Bachelor's degree in Accounting, Finance, or a related field is required.
• Minimum of 2 years of relevant experience; 3 years preferred.
• Proficiency in Microsoft Excel, Word, and other Office products.
• Strong knowledge of regulatory reporting and compliance procedures.
• Excellent communication skills, both verbal and written, with keen attention to detail.
• Ability to multitask and adapt to a fast-paced work environment.
• Versatility to work independently or collaboratively on multiple projects.
• Flexibility to work beyond regular office hours as needed.