Finance Regulatory Reporting Vice President

Sumitomo Mitsui Banking Corporation•Jersey City, NJ

1d•$124,000 - $175,000•Hybrid

About The Position

SMBC is seeking a self-motivated and diligent professional for a full-time position in the Regulatory Reporting Analysis Department. The individual will be partnering with Regulatory Reporting Analysis team members and business stakeholders to assist with the automation efforts across all regulatory reports.

Requirements

Bachelor's Degree in Accounting or Finance
Recommended 7 years knowledge and experience in change management / in a business analysis role
Recommended 7 years knowledge and experience in bank regulatory reporting
Experience with working with large datasets is a plus.
Strong work ethic and highly motivated individual with outstanding record of professional achievement
Strong knowledge on financial products such as derivatives, repo, securities, loans and leases
Team- oriented, ability to be proactive in raising concerns, and escalate problems as needed.
Strong analytical skills
Excel skill set using PivotTables, building formulas, cell formatting, managing large datasets with IF, SUM, VLOOKUP functions and building charts and graphs
Knowledge of internal control frameworks

Nice To Haves

CPA or CFA is a major plus
Proficiency in Axiom, Alteryx or Power BI is preferred

Responsibilities

Partner with Regulatory Reporting Analysis team members to understand current reporting procedures and manual processes performed to file regulatory reports (FR Y-9C, FR Y-11, FR Y-15, FFIEC 009, FFIEC 002)
Gain understanding of SMBCAH products and services as well as the ways in which our organization reports these balances across the various subledger systems
Gain understanding of existing data quality issues and partner with supporting teams to solution these data gaps
Interact and work with the group companies/data providers within the firm to ensure integrity of the data, reconcile differences and perform regulatory calculation
Draft reporting requirements for various regulatory reports (specific to SMBCAH data availability) that will be shared with IT partners to automate regulatory processes
Perform preliminary end user testing on automation enhancements to ensure results align with expectations
Prepare / submit regulatory reports as deemed necessary
Support/participate in regulatory reporting examinations, internal and external audits
Develop and maintain effective partnerships with all stakeholders on regulatory related issues to support BHC, Branch and CUSO level regulatory reports enhancement projects and work with team to participate in end user testing