Regulatory Reporting Associate
About The Position
SMBC is seeking a self-motivated, experienced and detail-oriented professional to join the Controllers – Regulatory Reporting Analysis Group as an Associate supporting international, cross-border and systemic risk regulatory reporting. The Associate is responsible for end-to-end preparation and timely submission of regulatory reports, helping ensure accuracy, completeness and compliance through analytical review, reconciliations and effective controls. The role partners with Finance, Operations, Risk, Data and Technology stakeholders to resolve reporting matters and support continuous process improvement. The position supports reporting cycles, regulatory requirement implementation, issue resolution, governance documentation, audits and examinations, and process improvement and automation initiatives. SMBC operates a hybrid workforce model that provides opportunities to work from home and from an SMBC office. Employees must live within a reasonable commuting distance of their office; the specific hybrid schedule is discussed during the interview process. Hybrid work may not be permitted for certain roles.
Requirements
- Bachelor’s degree in Accounting, Finance, Economics or a related field.
- 3–5 years of relevant experience in regulatory reporting, financial reporting, accounting, risk reporting or a related control function is preferred.
- Strong understanding of U.S. GAAP, financial statements and regulatory reporting concepts.
- Ability to independently manage recurring reporting deliverables, perform analytical reviews and investigate data and reporting exceptions.
- Strong analytical and problem-solving skills, excellent attention to detail, and ability to clearly explain variances, exposures and reporting conclusions.
- Advanced Microsoft Excel skills, including formulas, pivot tables, lookups and data reconciliation techniques.
- Working knowledge of banking and financial products, including loans, deposits, securities, derivatives and secured financing transactions, as well as cross-border and country exposure concepts.
- Strong organizational, written and verbal communication skills, with the ability to manage multiple deadlines and maintain complete, accurate documentation.
- Ability to work independently, exercise sound judgment and collaborate effectively in a deadline-driven, controlled reporting environment.
Nice To Haves
- Experience with FFIEC 019, FFIEC 009, TIC reporting, FR 2420, FR 2004 or FR Y-15.
- Experience with SQL, Alteryx, Business Objects or similar data tools.
- Experience with regulatory reporting platforms such as AxiomSL.
Responsibilities
- Own end-to-end preparation and timely submission of assigned reports, including FFIEC 019, FFIEC 009, TIC, FR 2420, FR 2004 and FR Y-15, in accordance with regulatory instructions and internal standards.
- Manage reporting-cycle activities, including data sourcing, report preparation, validation, edit checks, management-review support, submission readiness and post-filing documentation.
- Review reported balances, period-over-period movements and exposure trends; investigate unusual activity and prepare clear, supportable explanations.
- Reconcile reported information to the general ledger, supporting schedules, source systems and related regulatory reports; investigate, resolve, document or escalate reconciling items.
- Execute and evidence reporting controls and maintain complete, auditable workpapers supporting reported amounts.
- Interpret regulatory reporting instructions and support new or revised requirements by updating reporting logic, procedures, controls and business requirements.
- Identify and help resolve data quality, system and reporting issues through root-cause analysis, impact assessment, remediation and validation.
- Partner with Finance, Operations, Risk, Data, Technology and business stakeholders to obtain information and resolve reporting exceptions by established deadlines.
- Maintain and enhance procedures, process flows, data lineage, control documentation and other governance materials for assigned reports.
- Support regulatory examinations, internal and external audits, and other review requests by ensuring supporting documentation is complete and accurate.
- Contribute to process improvement and automation initiatives, including Axiom enhancements, business requirements, user acceptance testing and implementation validation.
- Monitor reporting deadlines, dependencies and emerging risks, and escalate material issues or delivery risks to management promptly.
- Support knowledge sharing, cross-training and consistent execution of team reporting procedures and controls.
Benefits
- Competitive portfolio of benefits.
- May be eligible for an annual discretionary incentive award.
- Hybrid workforce model offering the opportunity to work from home as well as from an SMBC office.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
