Regulatory Reporting Manager Job Description
Regulatory reporting manager
provides financial and regulatory reporting and analyses to maintain adequate controls over the financial and regulatory reporting processes.
Regulatory Reporting Manager Duties & Responsibilities
To write an effective regulatory reporting manager job description, begin by listing detailed duties, responsibilities and expectations. We have included regulatory reporting manager job description templates that you can modify and use.
Sample responsibilities for this position include:
Working closely with the CFO, Deputy CFO and Financial Controller on various projects and ad hoc work
Assist in maintaining controls and governance activities for P&CB Financial Control including coordinate monthly meeting agendas and track and report on process control issues and remediation tasks to completion
Perform and/or manage various ad-hoc projects and procedures as necessary
Assist in setting policies and providing advice on regulatory reporting
Lead and supervise staff of analysts
Prepare annual Risk Adjusted Capital (RAC) plan
Management of two direct reports, responsible for 1-2-1's, appraisals and daily management
Ensure the business remains compliant with all reporting and regulatory reporting such as Solvency II
Manage external relationships such as the FCA/PRA & production of the quarterly and annual regulatory returns
You will also support business partners on accounting and related regulatory issues for the implementation of new products
Regulatory Reporting Manager Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Regulatory Reporting Manager
List any licenses or certifications required by the position: PMP, CPA, CFA, CIA, FID, PM, MBA, RFI, II, PRINCE
Education for Regulatory Reporting Manager
Typically a job would require a certain level of education.
Employers hiring for the regulatory reporting manager job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Economics, Financial Services, MBA, Business/Administration, Education, Management, Mathematics
Skills for Regulatory Reporting Manager
Desired skills for regulatory reporting manager include:
Accounting requirements
GAAP as it related to the regulations of hedge funds and investment vehicles
Regulatory Reporting requirements
Tools and processes
Financial markets
Accounting/reporting requirements
Brokerage and investment advisory products
FDIC and DFI
Financial
Financial and Regulatory Reporting tools and systems
Desired experience for regulatory reporting manager includes:
Influence and drive changes required to meet new Finance requirements in light of rapidly changing businesses, additional governance standards
Strong report writing skills and the ability to synthesize work products into executive summaries and/or briefs and reports, process analysis, mapping & improvement experience
Provide thought leadership and influence change
Member of project team tasked with defining and ensuring implementation of stated objectives
Knowledge of US business and regulatory environment with focus on IHC related requirements
Strong Excel skills required - proficient with VBA (creating and editing macros which involve repetitive functions)
Regulatory Reporting Manager Examples
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Regulatory Reporting Manager Job Description
Job Description Example
Our company is growing rapidly and is hiring for a regulatory reporting manager. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for regulatory reporting manager
- Liaise with internal and external auditors, regulators and compliance
- Actively participate in the implementation of new regulatory requirements including annual housekeeping changes as stipulated by the regulators
- Identify process improvement opportunities and coordinate implementation and testing once approved
- Document existing process and controls and ensures that the changes are updated and reviewed with Senior Manager
- Works with FSS – RS to extract meaningful information for reconciliation and reporting purposes to develop longer-term solutions for on going issues with current reporting
- Ensure the business regulatory requirements are completed within the set timescales, ensuring deadlines are met
- Management of the daily, weekly and monthly reports are accurate and identify in discrepancies to mitigate any risks
- Supervision of 6 staff members, managing day to day work load and development
- Communicate closely with the business to be able to explain complex situations in a technical capacity
- Client & Regulatory Reporting project-manager of the EMEA Branches Operations-Investor Services Business in Germany and Switzerland
Qualifications for regulatory reporting manager
- Good knowledge of database structure and data mining - MS Access experience is a plus
- Understanding of Wholesale Banking/Capital Markets businesses, products and associated balance sheet, P&L and capital reporting
- General understanding of AML suspicious activity transaction monitoring systems, data mining/analytical tools
- Strong communication skills - Role will require the ability to create and communicate requirements and status to technical and executive stakeholders Strong Analytical ability - previous
- Strong understanding of the Bank’s products and services its subsidiary business units
- Team player with ability to lead, be a self starter with ability to work under minimal supervision
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Regulatory Reporting Manager Job Description
Job Description Example
Our company is hiring for a regulatory reporting manager. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for regulatory reporting manager
- Monitor external changes to GAAP and RAP internal changes from business transactions that impact regulatory reporting and execute the regulatory change management procedures, including managing and executing the implementation of new financial reporting requirements
- Lead Regulatory Reporting’s technology enhancement initiatives and ongoing maintenance of regulatory reporting tools, including assessment and implementation of financial hierarchy changes
- Ensure robust controls are in place to support timely and accurate production of statutory and regulatory financial reports
- Finally, you will manage the compliance ratios applicable to China branches including sub branch and provide forecast of or impact analysis on the compliance ratios from new business initiatives when required
- Responsible for the production of regulatory reporting required by the NT EMEA legal entities
- Ensuring a centre of excellence is maintained in the nearshore production of reports
- Strengthen the regulatory reporting knowledge within the nearshore team
- Provide day to day management of the nearshore regulatory reporting team
- Ensuring accurate and timely reporting to EMEA regulators
- Oversight of the daily capital adequacy, liquidity and large exposures calculations and other prudential MI processes
Qualifications for regulatory reporting manager
- The ideal person has at least 6 years related banking experience
- Adept at using various PC software applications (spreadsheet, word processing, database, ), including PeopleSoft, Great Plains Dynamics and SmartStream accounting applications
- Big 4 qualified Chartered Accountant with a minimum of 3 years post qualified experience
- Experience in the preparation of regulatory returns, Basel II and Basel III
- Experience of regulatory reporting within an investment banking/ trading environment or audit is preferred
- Able to manipulate data effectively in MS Excel to an advanced level
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Regulatory Reporting Manager Job Description
Job Description Example
Our innovative and growing company is hiring for a regulatory reporting manager. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for regulatory reporting manager
- Maintain frequent and regular communication with bank personnel to discuss any changes in business practices, contracts, agreements, that may impact the accounting, financial reporting or disclosure items
- Support project team to create summarized status and financial reporting and monitoring
- Provide subject matter expertise to FAKC team regarding regulatory reporting requirements
- Respond to external/internal inquiries regarding financial data reported or filed and ad hoc request
- Establish and maintain communication with the Financial Reporting Group, Product Control, and Information Technology Group
- Function as business lead on technology projects that target improvements or changes needed for quarterly reporting processes to promote efficiency and manage business or regulatory requirement changes
- Manage the attestation process with line of business
- Obtain and maintain a process-level understanding of assigned topical areas
- Analyze data from multiple sources to aid in the assessment of risks for assigned areas
- Periodically perform independent reviews of assigned activities for compliance based on a set of defined qualitative/quantitative metrics
Qualifications for regulatory reporting manager
- Microsoft Office/Suite proficient (Excel, Word, Project)
- Good knowledge of mutual fund products and the regulatory environment
- Above average knowledge of MS Excel
- Strong knowledge of regulatory reporting and related rules
- Ideal candidate need accounting Degree and at least 8 years of solid regulatory reporting experience in foreign banking industry
- You will have in-depth knowledge of local regulatory and statutory reporting requirements with strong knowledge of products accounting and reporting in the banking industry
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Regulatory Reporting Manager Job Description
Job Description Example
Our innovative and growing company is hiring for a regulatory reporting manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for regulatory reporting manager
- Planning, assisting with build work & coordinating testing of new fixed income trade reporting, transaction reporting, quality of execution and investor protection reporting to meet new Markets in Financial Instruments Regulatory (MiFIR) and Securities Financing Transaction Reporting (SFTR) requirements
- Assist in the timely, accurate and complete preparation of financial reporting
- Leads the recommendation, design and implementation of internal control procedures that ensure proper recording of financial positions and prevents material errors in accounting records
- Prepare and maintain current, accurate, and detailed standalone desktop procedures in a standard that meets the regulatory standard
- Manage and provide guidance to staff / Reg
- Provide formal and informal coaching and developing of team members’ skills including
- Support to project resources in phases or work streams within projects as assigned including project plan development, coordination of project deliverables, testing, and implementation
- Assist the program management team for reporting on the execution of complex, cross-functional implementations or integrations including issue management, escalation, management communications, KPI tracking and reporting
- Support PMs to deliver project/program objectives across multiple projects
- Assist in tracking of resolution of complex business or project issues, support management communication, and tracking
Qualifications for regulatory reporting manager
- Strong understanding of IFRS and US GAAP
- Intermediate to advanced Microsoft Excel skills and knowledge of Hyperion and/or Cognos
- Interpretation and implementation of Regulatory Reporting guidelines for HNAH, ensuring that reporting complies with pertinent US GAAP
- At least 2 years auditing regulatory reporting
- Perform the impact analysis and business analysis of all requirement raised and provide the Functional design
- Work with different upstream and downstream team to deliver the change
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Regulatory Reporting Manager Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of regulatory reporting manager. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for regulatory reporting manager
- Oversight of reinsurance reporting and repository sub-system
- Process improvements, ongoing initiatives and projects to streamline team procedures and task deliverables
- Implement accounting changes to comply with regulatory accounting changes or reinsurance policy changes
- Lead various reinsurance or corporate initiatives as needed to improve overall performance and productivity
- Liaison with internal and external auditors to ensure internal control compliance and also provide necessary support for transactions on a timely basis
- Full people management responsibilities, including professional accountants performing daily work, reviews, training and guidance to staff as needed
- Supervising the daily BAU activities of our Bournemouth, London, Mumbai and other overseas regulatory reporting operations
- Guiding build work on new databases, reconciliations and intra-day surveillance to support the testing and creation of secondary controls for new reports
- To provide guidance to members of Transaction Management and other areas of the business of regulatory implications of the new flows
- Provide analysis and comment on testing and production flows in response to internal queries and queries from regulators, vendor partners, clients and agencies
Qualifications for regulatory reporting manager
- Advanced level of proficiency working with MS Excel, MS Access, VBA scripting including but not limited to advanced formulas, pivot tables, macros, lists, statistical functions
- Responsible for maintaining records of issues raised to and by Regulators
- Relevant experience in the Release Management profession required
- Proven delivery record in implementation of regulatory technical change preferred
- Understanding of databases / data models to support needed volume analysis, data reconciliation and exception management as may be required
- Have ease with balance sheet and P&L analytics