We are looking for

Sr Financial Analyst - Reg. Reporting QA

Apply REF: 060257

At Bank of the West, our people are having a positive impact on the world. We’re investing where we feel we can make the most impact, like advancing diversity and women entrepreneurship programs, financing for more small businesses, and promoting programs for sustainable energy. From our locations across the U.S., Bank of the West is taking action to help protect the planet, improve people’s lives, and strengthen communities. We are part of BNP Paribas, a global leader supporting the UN Sustainable Development Goals (SDGs). Yes, we’re a bank, but as the bank for a changing world, we are continually seeking to improve the ways we help our customers, while contributing to more sustainable and equitable growth.

Business Overview:

As 2nd Line of Defense function and delegated by the Bank of the West Audit Committee, the Finance Control Group (“FCG”) is responsible for assessing an Internal Control for Financial Reporting (“ICFR”) and Internal Control over Compliance (“ICOC”) processes, covering both the Group and U.S. local regulatory mandates. FCG is a transversal function within Bank of the West Finance whose primary roles are:

  • To develop and implement a strong financial and regulatory control framework for the Bank.
  • To perform 2nd level of controls and/or management assessment for controls primary run by Finance and non-Finance teams, and
  • To provide management reporting on main controls areas, for both local and group needs and requirements.

Main aspects of the assessment programs are to:

  • Perform risk identification and assessment over financial statements (ICFR) and regulatory reports (ICOC)
  • Conduct walkthrough, tests of design and tests of operating effectiveness over in-scope process and controls
  • Assess and communicate to relevant parties control exceptions and deficiencies identified during the testing
  • Collect the relevant data and prepare presentation material to various committees, including management and Board committees
  • Coordinate the ICFR/ICOC program between the Bank of the West retail activities and Corporate & Institutional Banking activities
  • Liaise with other Finance, non-Finance, Function groups to contribute regarding control topics

Position Overview

The Regulatory Reporting Quality Assurance (“RRQA”) function is responsible for developing and executing the regulatory Control Framework to secure 2nd level control for local regulatory reporting to various banking regulatory bodies. The RRQA team partners with key stakeholders to assess controls, identify areas of improvement, including identifying process enhancements, and conduct any risk mitigating activities requested by management.

The RRQA specialist is primarily responsible for performing control and transaction testing within the RRQA framework to provide reasonable assurance over the quality of the regulatory reports submitted to various US regulators.

Candidate Success Factors:

Candidates will be measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

  • Results and Impact
    • Strong self-starter and capability to execute tasks independently
    • Impacts department and influences peers and team without authority
    • Demonstrates good judgement when making decisions of high complexity and impact
  • Leadership and Collaboration
    • Creates trust with department leaders
    • Develops his/her team members in on-offshore locations
    • Acts in leadership capacity for large projects, processes, or programs for a team
  • Client, Customer and Stakeholder Focus
    • Able to build relationships with a mix of intermediate and senior colleagues or clients
    • Demonstrates the ability to persuade and influence stakeholders at the team level
  • Compliance Culture and Conduct
    • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts
    • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards”

Responsibilities:

  • Executing the testing program in accordance with the pre-defined framework; maintaining testing workflow tool/application
  • Performing testing and maintaining standard test documentation for reports assigned
  • Partnering with various stakeholders including Regulatory Reporting, Data Governance, front line unites, Financial Reporting, and other relevant teams to collect supporting documents, conduct testing, investigate issues, analyze root causes, socialize and validate preliminary findings and recommendations
  • Assisting the team manager in creating metrics and summary on testing status and findings for management reporting

Required Experience

  • Requires deep knowledge of job area typically obtained through advanced education combined with experience.
  • Typically viewed as a specialist within discipline.
  • May have broad knowledge of project management.
  • Requires 7 years minimum prior relevant experience.
  • Prefers a minimum of 5 years of experience in the regulatory audit of banks and financial institutions, or equivalent experience in consulting of FRB reporting process.  

Education

  • Bachelor's Degree preferrably in Accounting

Preferred Qualifications:

  • Good understanding and experience of regulatory reporting, such as FR Y-9C, FR Y-15, FFIEC 031, and structure reports (e.g. FR Y-10)
  • Strong analytical skills and advanced technical skills (i.e. MS Word, Excel, PowerPoint, Access)
  • Attention to detail and commitment to maintaining a strong control environment
  • Good communication skills

Solid understanding of financial instruments and developed skills in analysis of business supporting processes from financial reporting control perspective


Equal Employment Opportunity Policy



Bank of the West is an Equal Opportunity employer and proud to provide equal employment opportunity to all job seekers without regard to any status protected by applicable law. Bank of the West is also an Affirmative Action employer - Minority / Female / Disabled / Veteran.

Bank of the West will consider for employment qualified applicants with criminal histories pursuant to the San Francisco Fair Chance Ordinance subject to the requirements of all state and federal laws and regulations.
Primary Location: United States-California-San RamonJob Type: Full-timeJob: Accounting Finance Reference: 060257