Regulatory Reporting Specialist
New York City, NY - USA
Job Summary
Position Summary
We are seeking a detail-oriented and technically strong Regulatory Reporting director to support the preparation review and submission of U.S. bank regulatory reports and related filings. The role will be responsible for the timely and accurate completion of key regulatory filings including the FFIEC Call Report FR Y-14A schedules FR 2644 FR 2900 and related Federal Reserve FDIC and OCC reporting requirements.
This is a Director level position within the Corporate Controllers Reporting & Accounting job family which is responsible for the accuracy and control of the Firms books and records to produce the consolidated firm segment and legal entities financial statements. The group owns the Firms financial reporting under US GAAP International GAAP and the global regulatory regimes. Responsibilities include the development management and oversight of financial accounting & reporting systems as well as database management. Includes capital and liquidity reporting and external reporting functions.
Key Responsibilities
> Prepare validate and submit quarterly and periodic regulatory filings including:
o FFIEC Call Reports
o FR Y-14A schedules and supporting documentation
o FR 2644
o FR 2900
o Related Federal Reserve FDIC OCC and internal management reports
> Perform detailed reconciliations between regulatory reports general ledger balances SEC filings and internal financial systems.
> Analyze new or changing regulatory reporting requirements and assess reporting impacts across products legal entities and business activities.
> Coordinate with Treasury Risk Capital Planning Financial Control Liquidity Reporting and Business teams to gather supporting data and resolve reporting issues.
> Support governance and control processes around regulatory reporting including:
o Variance analysis
o Edit check reviews
o Attestation support
o Documentation and procedure maintenance
o Internal and external audit requests
> Assist with implementation and enhancement of regulatory reporting systems automation initiatives and data quality controls.
> Support stress testing and capital planning processes related to regulatory submissions and management reporting.
> Maintain strong understanding of applicable banking regulations reporting instructions and evolving regulatory guidance.
> Participate in regulatory exams internal audits and remediation initiatives as needed.
Qualifications
The ideal candidate will have 5-7 years of regulatory reporting experience within a U.S. bank or financial institution strong knowledge of U.S. banking regulations and GAAP and the ability to work cross-functionally with Finance Treasury Risk Capital Stress Testing and Operations teams.
> Bachelors degree in Accounting Finance Economics or related field.
> 5-7 years of experience in bank regulatory reporting financial reporting or bank finance.
> Strong working knowledge of:
o FFIEC Call Reports
o FR Y-14A reporting
o FR 2900 reserve reporting
o FR 2644 reporting requirements
o U.S. GAAP and bank balance sheet products
> Familiarity with U.S. banking regulatory framework applicable to large financial institutions and insured depository institutions.
> Strong analytical and reconciliation skills with high attention to detail.
> Experience working with large data sets and financial reporting systems.
> Advanced Excel skills required; experience with SQL AxiomSL Workiva OneSumX or similar regulatory reporting platforms preferred.
> Ability to manage multiple deadlines in a fast-paced regulatory environment.
> Strong written and verbal communication skills with ability to interact effectively across Finance Risk Treasury and Operations teams.
Preferred Qualifications
> Experience supporting CCAR / stress testing processes.
> Prior experience at a large bank bank holding company or regulatory consulting firm.
> Understanding of liquidity capital and balance sheet reporting concepts.
> CPA or CFA designation is a plus.
What you can expect from Morgan Stanley:
We have a track record of innovation and passion for unlocking new opportunities we help our clients raise manage and allocate capital. We do this by offering a wide range of investment banking securities wealth management and asset management services. All that we do at Morgan Stanley is driven by our five core values: do the right thing put clients first lead with exceptional ideas commit to diversity and inclusion and give back. These arent just beliefs they guide the decisions we make every day ensuring we do whats best for our clients communities and more than 80000 employees around the world. And at the core of our success are the people who drive it - relentless collaborators and creative thinkers who are fueled by diverse thinking and experiences. Wherever you are in our 1200 global offices youll have the opportunity to work alongside the best and the brightest in an environment where you are empowered to achieve your full potential. We are proud to support our employees and their families at every point along their work-life journey offering some of the most attractive and comprehensive employee benefits and perks in the industry. To learn more about our offices across the globe please copy and paste into your browser.
WHAT YOU CAN EXPECT FROM MORGAN STANLEY:
At Morgan Stanley we raise manage and allocate capital for our clients helping them reach their goals. We do it in a way thats differentiated and weve done that for 90 years. Our values - putting clients first doing the right thing leading with exceptional ideas committing to diversity and inclusion and giving back - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll find an opportunity to work alongside the best and the brightest in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey offering some of the most attractive and comprehensive employee benefits and perks in the industry. Theres also ample opportunity to move about the business for those who show passion and grit in their work.
To learn more about our offices across the globe please copy and paste into your browser.
Expected base pay rates for the role will be between $90000 and $155000 per year at the commencement of employment. However base pay if hired will be determined on an individualized basis and is
only part of the total compensation package which depending on the position may also include commission earnings incentive compensation discretionary bonuses other short and long-term incentive packages and other Morgan Stanley sponsored benefit programs.
Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion where individuals are hired developed and advanced based on their skills and talents.
Our workforce reflects a broad cross-section of the global communities in which we operate bringing a variety of backgrounds talents perspectives and experiences.
Required Experience:
IC
About Company
Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1, ... View more