Regulatory Reporting FRY14A Transformation Lead

Huntington National Bank•Detroit, MI

1d•Hybrid

About The Position

Job Summary: The FR Y-14A regulatory reporting transformation manager will be responsible for overseeing the transformation (designing and implementing) of the annual FR Y-14A regulatory reports as required by the Federal Reserve Board. This individual will play a key role in delivering the 14A transformation project to ensure compliance with regulatory requirements, enhancing the accuracy of data submissions, and providing detailed analysis of capital planning and stress-testing results. The ideal candidate will have a strong understanding of banking regulations, capital stress testing frameworks, financial data analysis, and experience working with large financial institutions.

Requirements

Bachelor’s degree in finance, Accounting, Economics, Business
Minimum of 10+ years of experience in regulatory reporting, financial analysis, capital planning, or stress testing in a large financial institution
In-depth knowledge of regulatory requirements, particularly related to FR Y-14A, CCAR (Comprehensive Capital Analysis and Review), and Dodd-Frank Act Stress Tests (DFAST)
Strong analytical skills with experience in data management and understanding of financial modeling, and forecasting
Proficient in Microsoft Excel, with advanced skills in data analysis and automation
Ability to work independently, handle multiple priorities, and meet tight deadlines in a fast-paced environment
Excellent communication and presentation skills, with the ability to explain complex data and regulatory concepts to non-technical stakeholders, including senior management
Strong attention to detail and ability to identify and resolve issues in financial and regulatory data
Ability to influence others without direct authority; be a team player
Have a good understanding of the CCAR process from end-to-end

Nice To Haves

Experience working with regulatory reporting tools and systems (e.g., Axiom, Workiva, etc.)
Master’s degree, CPA, or relevant certifications would be a plus
Experience with data governance, risk management, and control frameworks in financial institutions
Familiarity with financial risk management, including credit, market, and operational risk.

Responsibilities

Lead and oversee the implementation of the 14A transformation program improving exiting 14A processes, data flows and quality to ensure timely an accurate, complete and timely 14A submission.
Play a critical role in designing and implementing the 14A processes and tools. This will include requirements development, process and control design and implementation.
Ensure compliance with Federal Reserve reporting guidelines and maintain up-to-date knowledge of changes to regulatory requirements.
Collaborate and work with the regulatory interpretation and policy team and ensure accurate interpretation and alignment with regulatory guidance and ensure compliance.
Provide insights and analysis on capital planning, stress-testing results, and forecasting, with a focus on identifying and explaining variances and developing Trend Analysis
Develop and implement process improvements to enhance the quality and efficiency of the reporting process including 14A control process design and implementation
Assist with the documentation of 14A desktop procedures
Collaborate with cross-functional teams (Risk Management, Finance, Treasury, and IT) to gather, validate, and analyze data inputs for regulatory submissions
Work with Treasury to develop Capital Plan Exhibits
Design and develop 14A a cross validation and reconciliation controls.
Provide and document business requirements utilizing Axiom for 14A filing
Monitor regulatory updates and trends that may impact reporting requirements and track necessary changes to processes or data gathering
Develop Methodology Mapping or Lineage (Model Data Mapping to 14A Schedules) & Non-Model Data Sourcing Assist in the maintenance of documentation related to procedures, controls, and governance processes associated with FR Y-14A reporting
Coordinate with 2nd line of defense, Internal Audit and external examiners to respond to inquiries and reviews related to FR Y-14A processes and submissions