Financial Regulatory Reporting Analyst Sr

Flagstar Bank • Troy, MI

415d

About The Position

The Senior Financial Regulatory Reporting Analyst is responsible for ensuring the timely and accurate preparation and delivery of regulatory reports. This role involves coordinating data requests, preparing and reviewing reporting data, executing quality control procedures, and resolving data or reporting issues. The analyst plays a crucial role in enhancing the accuracy of regulatory reporting and implementing process improvements to increase overall efficiency.

Requirements

• Undergraduate Degree (4 years or equivalent) in Finance, Mathematics, Technology, or related field.
• Minimum of 5+ years in financial analysis, regulatory reporting, or related roles, or 3 years in financial analysis, regulatory reporting with a Master's Degree in Finance, Mathematics, Technology, or related.

Nice To Haves

• Certified Public Accountant (CPA) certification.
• Federal Reserve Bank (FRB) Regulatory Reporting experience.

Responsibilities

• Plan and coordinate data and support requests from upstream business owners or regulatory reporting counterparts.
• Execute or confirm appropriate processing of reporting inputs within the designated reporting software.
• Routinely complete required business process controls (e.g. variance analysis, reconciliations, review checklists etc.) when preparing periodic reporting.
• Document identified data gaps or assumptions and work with upstream business owners and supervisors to develop proposed remediation plans.
• Investigate and resolve system-generated quality and validation checks and perform required follow-up to resolve.
• Contribute to the identification of opportunities to streamline processes, enhance efficiencies, and strengthen controls within the regulatory reporting function.
• Stay current with industry requirements, regulatory changes, and trends related to regulatory reporting and data quality, and integrate this knowledge into the quality control processes.
• Perform special projects and additional duties and responsibilities as required.

What This Job Offers

• Job Type: Full-time
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree