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Summary: The primary responsibility and role will involve the implementation and reporting resulting from the Federal Reserve's new Tailoring Rules. The main focus will be the FR Y-15 reporting requirements and assisting with the new Single Counterparty Credit Limit (SCCL), the FR 2590 Report. The specialist will be responsible to prepare and submit these required regulatory reports to the Federal Reserve Bank (FRB). Day-To-Day:
Be the lead specialist responsible for the submission of the FR Y-15 Report.
Work with ITEC teams, along with Vermeg's REG Reporter to identify and build the data elements necessary to produce the FR Y-15 report.
Identify and coordinate with various SG Departments (e.g. Risk, Finance, Compliance, Legal, Operation, ITEC, etc.) to obtain the data needed to fulfill the FR Y-15 and SCCL reporting requirements.
Lead the UAT and parallel testing associated with the creation of the FR Y-15 report and assist with the SCCL reporting.
Perform a reconciliation of the FR Y-15 report to the FFIEC 002, FFIEC 019, FR Y- 7N, and Focus reports. Work with others to create a similar reconciliation for the SCCL reporting. Build a control environment to ensure high data quality.
Assist the Regulatory Reporting Manager in identifying additional required resources to perform FR Y-15 reporting (if necessary).
Investigate and respond to variance questions on the FR Y-15 report filed to the FRB
Prepare documentation and procedures associated with FR Y-15 report.
Assess impact and provide guidance on how new business products will affect FR Y-15 Reporting.
Work with Internal Audit on their reviews of the FR Y-15 reports.
All our positions are open to people with disabilities
Working knowledge of MS Office, specifically Excel, Word, Project and Power Point
Desired / Plus:
Ability to automate processes
Familiarity with Microsoft Access
Working knowledge of Vermeg's Reg Reporter Axiom's Controller View
Financial and Regulatory reporting knowledge
Familiarity with bank and broker dealer products and off-balance sheet products
SME for FR Y-15 Report
General Ledger knowledge
Experience in public accounting
Good documentation skills
Good analytical and communication skills
Must be well organized and detail oriented
Must be able to multitask and adapt to a fast-changing work environment
Must be a team player and be able to work independently
8 to 10 years + banking/broker dealer business knowledge.
Desired / Plus:
Strong banking reporting experience (US Branch or Commercial Bank)
Accounting or Finance BA/BS degree
Desired / Plus:
MBA or CPA
Environment The Finance Department of Global Banking and Investor Solutions (GBIS), is a global organization with local presence, providing the same set of services through global and efficient processes and consistent norms, leveraging on production hubs. Our Core Missions are: Quality and timeliness of GBIS financial statements; Assisting GBIS management and all Business Lines in their steering with actionable reports on financial performance and forecasts; Independent certification of all financial aggregates the daily P&L explanation on Market Activities; Financial communication and constant benchmarking; Providing expertise on accounting, prudential and tax norms and ensuring the compliance of these norms.
Job code: 19000J4L Business unit: SG AMERICAS OPERATIONAL SECURITIES Starting date: 26/08/2019 Date of publication: 01/07/2019
Internal Number: 6116048
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