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Associate, Regulatory Reporting

Company: SMBC
Location: Jersey City
Posted on: September 23, 2022

Job Description:


SMBC is seeking a self -motivated and diligent professional for the associate position within the Controllers - Regulatory Reporting Analysis Group. The primary responsibility and role will entail the maintenance and report preparation of SMBC CUSO regulatory reports. This will mainly involve the preparation and report submission of FR Y-15, FR Y-7Q & FR 2590 regulatory reports.


+ Assist in the preparation of the quarterly FR Y-15, FR Y-7Q and FR 2590 regulatory reports

+ Collaborate with other regulatory report owners to validate balances sourced from other regulatory reports such as FR2052a, FR Y-9C, FFIEC 002, FFIEC 009, FFIEC 019 and TIC reports.

+ Perform and own the daily calculations required for the population of the balances reported in the FR Y-15. This includes SMBC CUSO total assets calculations, short-term wholesale funding, SFT, Derivatives, on-balance sheet and off -balance sheet exposure calculations.

+ Participate in end-to-end user testing and enhance controls and efficiency for FR Y-15 and FR Y-7Q Reporting

+ Assist in maintaining proper controls and documentation associated with regulatory reporting

+ Perform reconciliation of reported balances against the general ledger, across products, other regulatory reports and schedules.

+ Participate in regulatory examinations, internal and external audits

+ Assist in the automation of SMBC CUSO related regulatory reports such as the FR Y-15 and the FR Y-7Q

+ Assist in defining business requirements for report enhancements and its documentation

+ Identify and explain breaks between current and future state reporting


+ Bachelor's Degree in Accounting or Finance

+ Minimum of 2 years in related professional experience in regulatory reporting

+ Familiar with US GAAP and regulatory reporting concepts and practices

+ Experience with financial database query tools (SQL, Business Objects, Alteryx)

+ Proficient with MS Excel & MS Access

+ Familiar with regulatory reporting tools and systems such as AxiomSL, Reg Reporter or Agile Reporter

+ A good understanding of various regulatory reports such as the FR Y-15, FR Y-9C, FFIEC 002, FFIEC 009, FFIEC 019 and the TIC reports

+ Familiarity with financial products (e.g. derivatives, securities, loan, repo etc.)

+ Good analytical, organizational and communication skills

**Job Locations** _US-NJ-Jersey City_

**Posting Date** _1 day ago_ _(8/30/2022 1:55 PM)_

**_Career Category_** _Regulatory Reporting_

**_iCIMS ID_** _2022-13513_

**_Corporate Title_** _Associate_

**_Type_** _Fulltime-Regular (Exempt/Non-Exempt)_

_SMBC is an EO employer - M/F/Veteran/Disability_

Keywords: SMBC, Jersey City , Associate, Regulatory Reporting, Advertising , Jersey City, New Jersey

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