Overview
This role designs and implements new and enhanced regulatory reports for a banking organization to ensure compliance with Federal Reserve reporting requirements applicable to the bank's regulatory category. Responsibilities include supporting daily, quarterly, and annual reporting obligations, enhancing reporting functionality as requirements evolve, and partnering with Risk, Data, Compliance, and Finance stakeholders across the organization.
Responsibilities
- Design and implement regulatory reports aligned to Federal Reserve reporting requirements for the bank’s regulatory category.
- Support daily, quarterly, and annual reporting obligations and implement functionalities needed for evolving regulatory reporting requirements.
- Identify key data elements for products reported in regulatory filings.
- Collaborate with stakeholders across Risk, Data, Compliance, and Finance to gather requirements, perform business and data analysis, and support U.S. regulatory reporting initiatives.
- Build a thorough understanding of products and their reporting classifications; perform traceability mapping and requirements analysis among regulations, business rules, requirements, and technical solutions to create an auditable compliance framework.
- Create mapping and gap analysis documentation for financial products with source system owners to identify and document regulatory reporting data requirements.
- Evaluate and prioritize change requests, defect remediation efforts, and project estimates across the project lifecycle.
- Identify process gaps and redesign business processes to address deficiencies; propose application designs.
- Participate in review and approval of system architecture for new regulatory reporting solutions.
- Work with bank subsidiaries to collect, analyze, and reconcile financial data for loans, deposits, derivatives, securities, and other financial products in support of Bank Holding Company (BHC) and CUSO-level regulatory reporting.
- Partner with Risk and Compliance teams to gather requirements, perform analysis, and deliver regulatory reporting solutions.
- Evaluate and implement data integration and transformation methodologies to support regulatory report development using the organization’s analytical framework and risk management practices.
- Participate in Unit Testing and User Acceptance Testing (UAT) to validate regulatory reporting solutions and ensure report accuracy.
- Conduct detailed validation and reconciliation of AXIOM regulatory reports to verify calculation logic, data integrity, and model outputs.
Requirements
- Bachelor’s degree in computer science, electronics engineering, or a related field.
- 7 years of progressively responsible experience.
- Experience must include the following:
- AXIOM
- PL/SQL
- System or data implementation projects
- Project delivery activities across the Systems Development Life Cycle (SDLC), including:
- Business and data requirements gathering
- Systems analysis
- Technical design
- Data mapping
- Quality assurance and testing
- Project management
- Regulatory reporting implementation and automation projects
- The required skills do not need to be maintained over the full term of required experience.
Compensation & Benefits
- Anticipated salary range: $172,994.00 to $186,000.00.
- Offered salary will be based on individual qualifications, experience, and an analysis of current compensation in the applicant’s geography and the market for similar roles at the time of hire.
- Eligible for an annual discretionary incentive award.
- Benefits package provided in addition to cash compensation.
Location
- 100% remote work permitted.
- Employees participate in a Hybrid workforce model that provides an opportunity to work from home and from an office; employees must live within a reasonable commuting distance of their office location.
- Prospective candidates will learn more about their specific hybrid work schedule during the interview process.
- Hybrid work may not be permitted for certain roles, including certain FINRA-registered roles requiring in-office attendance for the entire workweek.
Accommodations
- Reasonable accommodations are available during the application process in accordance with applicable federal, state, and local law.