Overview
This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office.
This position is responsible for providing regulatory reporting interpretations for all reports filed with the Federal Reserve Board (FRB), the Federal Deposit Insurance Corporation (FDIC), Federal Financial Institutions Examination Council (FFIEC) and other regulators. Participates in peer forums and monitors changes to regulatory reporting requirements. Develops training materials to educate members of the organization on various regulatory reporting requirements.
Responsibilities
- Reporting Interpretations - Research and document reporting interpretations in response to questions raised to ensure compliance with the related report instructions. Participate in New Products Committees and document regulatory reporting requirements for new transactions and products presented.
- Monitoring Reporting Changes - Oversee the process for identifying changes to regulatory reporting instructions. Document and monitor significant regulatory reporting changes for communication to senior leaders.
- Training - Review third party regulatory reporting training modules. Develop and present training content for quarterly reporting update sessions.
- Peer Advocacy - Participate in bank industry groups focused on regulatory reporting.
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Bachelor's Degree and 6 years of experience in GAAP Accounting, Regulatory Reporting, Financial Reporting OR High School Diploma or GED and 10 years of experience in GAAP Accounting, Financial Analysis, Financial Reporting
Preferred Education: Advanced Degree
Preferred Area of Experience: Technical Accounting and Reporting
License or Certification Type: Certified Public Accountant (CPA) Preferred, Chartered Financial Analyst (CFA) Preferred
Skill(s): Understanding of financial products (e.g. loans, securities, derivatives, etc.), Understanding of regulatory reporting instructions and banking regulations., Ability to lead projects/initiatives with high risk and complexity, Ability to read and interpret regulatory guidance and instructions and assess applicability to the Bank, Strong analytical skills, attention to detail, and self-motivated problem solver.
First Citizens benefits programs are designed to meet our associates where they are in life. Full-time associates (20+ hours) are offered a comprehensive benefits program, with customized offerings, including those designed to support families, however defined. More information regarding our benefits offerings can be found here: https://jobs.firstcitizens.com/benefits