Role purpose:
the regulatory reporting manager is responsibility is for reviewing, analyzing and providing assurance on the firm’s final regulatory filings. The reporting obligations are primarily to the federal reserve bank (frb) and the office of comptroller of currency (occ). The position also manages the reporting change process from rule or instruction change through to the execution of the actual reporting change. This would include coordination between policy, finance change, it, and the offshore regulatory reporting production team to ensure a timely, accurate and well documented implementation. In addition, this position would coordinate and manage any issues affecting the results of the regulatory returns, whether process or data quality, and ensuring timely resolution.
main activities:
* the role entails regulatory reporting for hsbc bank (usa) n.a., hsbc north america holdings inc. consolidated and their subsidiaries. More specifically, the candidate’s primary responsibilities would be for the review and approval of individual schedules for various regulatory filings, including: call report (ffiec 031); fr y-9c ; other regulatory filings.
* other responsibilities would include liaising with the report production offshore team, submission of reports to regulators, development of management reporting from regulatory software, coordination with auditors, regulators, managing and coordinating reporting changes, and other projects related to regulatory reporting.
* the regulatory reporting director will be required to work closely with other finance teams, including rwa production, capital planning, ccar, line of business finance teams, in addition to risk and business units teams.
requirements:
* bachelor’s degree in accounting, finance, economics, related field or equivalent experience.
* ideally have five years proven regulatory reporting experience, or equivalent for a major us bank or us branch of a foreign bank subject to risk based capital requirements of the frb/occ.
* experience with preparation of call and fr y-9c reports for a large us bank is preferred for the role.
* preparation of other aspects of frb reporting of a us bank is desired.
* experience in frb/occ regulatory policy or interpretations is desired.
* strong knowledge of federal reserve bank capital adequacy rules and regulations (basel i, ii and iii capital calculations).
* effective communication skills.
* strong knowledge and understanding of financial services and products preferred.
¡you’ll achieve more when you join hsbc!
at hsbc we offer our colleagues a greater number of days so that they can fully enjoy their wedding, take care of the new member of the family, or grieve the loss of a family member. Our paid leave package is at the forefront in mexico, now you have one more reason to be hsbc and proudly live a culture of well-being, balance and care.
hsbc is an equal opportunity employer committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and, opportunities to grow within an inclusive and diverse environment. We encourage applications from all suitably qualified persons irrespective of, but not limited to, their gender or genetic information, sexual orientation, ethnicity, religion, social status, medical care leave requirements, political affiliation, people with disabilities, color, national origin, veteran status, etc., we consider all applications based on merit and suitability to the role.