Financial Reporting Specialist
About The Position
Financial Reporting Specialist (FRS) is responsible for filing of International and US Regulatory reporting for BSI. The position is also responsible for preparation of contributing input to regulatory filings which apply to BSI. The FRS ensures the integrity, consistency and adequacy of the data being reported and its timely submission in accordance with the reporting requirements stipulated by the applicable regulatory bodies, Head Office (BSSA) and the IHC. The position ensures that proper internal controls exist over report data and mapping to meet regulatory requirements. The position maintains current desk top procedures and variance / trend analysis for specified reports. Consistent with all Finance positions, this role is expected to comply with Corporate policies; partnering with other business units to resolve issues; deliver satisfactory results on all audits and examinations; maintaining training; mentoring staff; exemplifying corporate culture; and identifying opportunities for improvement in department functions.
Requirements
- Bachelor’s Degree: in related field or equivalent demonstrated through a combination of work experience, training, military service, or education - Required
- 5+ Years Accounting, Finance, Business Administration or similar field within the Banking or Financial Services Industry - Required.
- Advanced knowledge of accounting practices and procedures, including US GAAP/IFRS and regulatory reporting standards.
- Strong regulatory & financial reporting knowledge of banking / financial institutions.
- Experience in working with Regulatory Reporting Vendor Solutions.
- Excellent knowledge of Microsoft Office Suite, Oracle, Data Base, Access, and Power Point applications.
- Advanced Excel skills.
- Fluent Spanish and English (required)
- Applicants must be legally authorized to work in the United States on a full-time basis without requiring employer sponsorship to commence employment.
Nice To Haves
- Master's Degree: in related field or equivalent demonstrated through a combination of work experience, training, military service, or education - Preferred
- CPA: (Certified Public Accountant) - Preferred.
- Established work history or equivalent demonstrated through a combination of work experience, training, military service, or education.
Responsibilities
- Timely and accurate preparation of required Head Office (BSSA), European Central Bank (ECB) reports including but not limited to IFRS end of month closing and notes. Also, FRS is responsible for BSI regulatory reports including but not limited to TICs, FR2900 and call report.
- Prepare the Risk Weighted Assets and regulatory Capital calculations.
- Preparation of assigned quarterly SEC Reports.
- Participate in the automation and upgrade of the system that is used in the reporting process. Meet revised reporting requirements and enhancement of excel supporting for US and IFRS documentation
- Maintain current in, and implement technical upgrades of the regulatory reporting applications including research and comprehensive knowledge of the Bank’s current regulatory reporting tools (i.e. Reg. Reporter), general ledger, offered products and its related activities. Also maintain technical competence in US GAAP, IFRS and regulatory regulations that impact reporting requirements.
- Document all policy, procedures and control that encompass the framework of the regulatory reporting function. This includes desk top procedures, EUA processes and document library descriptions.
- Participate in bank examinations and internal and external audits with goal to achieve satisfactory ratings in all cases.
- Complete daily data extractions and validation processes to facilitate reporting.
- Partnering and interacting with internal (IT, Legal, Compliance, FP&C, Financial Control, International Reporting, Financial Reporting and Business Operations) and external constituencies (i.e. regulators, external auditors and consultants) to facilitate projects, problem resolution, automation and reporting needs.
- Compliance with Corporate policies, culture and training expectations.
- Other duties as assigned or requested by immediate supervisor.
Benefits
- A fair and competitive rewards package that reflects the impact you create and the value you deliver.
- Offering more than just a paycheck our benefits are designed to support you, your family and your well-being, now and into the future.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
