Standard / Permanent
Preparation of regulatory reports that are submitted to the Federal Reserve Bank, various State banking departments, Cayman Islands Monetary Authority and the U.S. Department of Commerce by all U.S. branches and agencies, including its subsidiaries and special purpose entities. Knowledge of Abandoned Property Reporting is helpful.
The jobs main responsibility is to review all required regulatory and financial reports and to ensure their correctness, consistency and prompt submission. The position requires intensive involvement in special projects relating to the bank’s regulatory reporting tool maintenance and upgrades, GL system interfaces and the introduction of new banking products. Assist the Regulatory Reporting Group on other regulatory matters.
Assist the VP and AVP of Banking Regulatory Reporting in all aspects of the Structure Report filings.
Assist and participate in the preparation and review of all Federal, State & other regulatory reports for the branches which primarily include the following:
Call Report (FFIEC 002/02S) – “Report of Assets & Liabilities of U.S. Branches and Agencies of Foreign Banks”
FR Y-7 Report – “Annual Report of Foreign Banking Organizations”
CIMA Reports (CIQPR, LBS & CPIS) – “Cayman Islands Quarterly Prudential Returns,” “Locational Banking Statistics Survey” & “Coordinated Portfolio Investment Survey”
FFIEC 019 Report – “Country Exposure Report for U.S. Branches and Agencies of Foreign Banks”
FR 2644 Report – “Weekly Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks”
FR 2900 Report – “Report of Transaction Accounts, Other Deposits and Vault Cash”
FR 2915 Report – “The Report of Foreign (Non-U.S.) Currency Deposits”
U.S. Department of Treasury International Capital Reports submitted to Federal Reserve Bank of New York (i.e. TIC B’s, TIC Form S, TIC Form SLT, SHCA & SHLA) (TIC B’s e.g. “Report of U.S. Dollar Claims/Liabilities of Depository Institutions Bank Holding Companies/Financial Holding Companies, Brokers, and Dealers on Foreigners” & Report of Foreign Currency Liabilities and Claims of Depository Institutions, Bank Holding Companies/Financial Holding Companies, Broker Dealers, and of their domestic Customers Vis-à-vis Foreigners
U.S. Department of Commerce Reports (BE-605, BE-185, BE-12/15 annual)
Perform research on changes on new regulatory reporting requirements and accounting standards and its impact to the group’s reporting.
Establish and maintain communication with the Financial Reporting Group, the Project Office Group, and the Control & Reconciliation Group and ensure that regulatory reporting requirements are properly addressed on all levels of system and procedural changes, including the introduction of new bank products.
- Assist with the implementation of the new Regulatory Reporting tool.
- Minimum of 1 - 5 years’ experience in Bank Regulatory Reporting
- Master’s or Bachelor’s degree in Accounting or Finance required
- Knowledge of regulatory & financial reporting prevalent in banking/financial institutions
- Knowledge of U.S. GAAP and IFRS including recent pronouncements
- CPA is a plus
- Experience with Axiom
- Previous experience filing the FR Y-10 and other Structure Reports
- Not Applicable