Specialist – Liquidity Regulatory Reporting

Northern Trust • Chicago, IL

2d • Hybrid

About The Position

The Specialist – Liquidity Regulatory Reporting role is responsible for the review, approval and submission of complex liquidity regulatory reports, with a primary focus on the FR 2052a. The candidate for this role should have familiarity with FR 2052a regulatory reporting requirements and the daily submission process, including being able to provide coverage to review exceptions and process FR 2052a adjustments as part of the daily submission. Responsible for owning the daily production and submission of the FR 2052a process to the Federal Reserve. Requires close collaboration with cross-functional teams across the Bank, including Accounting Policy, Controllers, Risk and global Treasury partners. Responsible for owning and maintaining Procedures and Standards to ensure regulatory compliance with applicable regulatory bodies and reporting requirements are met. Research and analyze day over day balance sheet movements and accounts out of balance with the goal of remediating in a short timeframe. Production of daily and monthly MIS liquidity reporting to broad distribution including Senior Management Committees including Corporate Asset and Liability Management Committee. Advises business unit senior management on regulatory implications of proposed transactions and new product offerings. Participate in strategic liquidity management initiatives and regulatory change projects, including process enhancements and automation opportunities.

Requirements

• Familiarity with FR 2052a regulatory reporting requirements and the daily submission process.
• Proven ability to analyze balance sheet and perform general ledger adjustments.
• Understanding of intercompany transactions performed across consolidated entities.
• Strong control framework and control check mindset.
• Ability to collaborate with other groups to identify exceptions and post adjustments (mirroring general ledger entries) in a short timeframe.
• 10+ years of work experience with related four-year degree.
• Understanding of liquidity concepts and regulatory reporting.
• Ability to communicate complex regulatory and financial topics through executive-level presentations and written materials.
• Applicants must be authorized to work in the U.S. without the need for employment-based visa sponsorship now or in the future.

Nice To Haves

• Experience with data analytics, reporting tools, and/or regulatory reporting platforms is preferred.
• Represent the firm in industry advocacy forums regarding liquidity reporting initiatives.

Responsibilities

• Review, approval and submission of complex liquidity regulatory reports, with a primary focus on the FR 2052a.
• Provide coverage to review exceptions and process FR 2052a adjustments as part of the daily submission.
• Own the daily production and submission of the FR 2052a process to the Federal Reserve.
• Own and maintain Procedures and Standards to ensure regulatory compliance with applicable regulatory bodies and reporting requirements are met.
• Research and analyze day over day balance sheet movements and accounts out of balance with the goal of remediating in a short timeframe.
• Produce daily and monthly MIS liquidity reporting to broad distribution including Senior Management Committees including Corporate Asset and Liability Management Committee.
• Advise business unit senior management on regulatory implications of proposed transactions and new product offerings.
• Participate in strategic liquidity management initiatives and regulatory change projects, including process enhancements and automation opportunities.

Benefits

• retirement benefits (401k and pension)
• health and welfare benefits (medical, dental, vision, spending accounts and disability)
• paid time off
• parental and caregiver leave
• life & accident insurance
• other voluntary and well-being benefits
• discretionary bonus program that may include an equity component

What This Job Offers

• Job Type: Full-time
• Career Level: Senior