Regulatory Reporting FRYTransformation Lead

Overview

Description

Job Summary:

The FR Y-14A regulatory reporting transformation manager will be responsible for overseeing the transformation (designing and implementing) of the annual FR Y-14A regulatory reports as required by the Federal Reserve Board. This individual will play a key role in delivering the 14A transformation project to ensure compliance with regulatory requirements, enhancing the accuracy of data submissions, and providing detailed analysis of capital planning and stress-testing results.

The ideal candidate will have a strong understanding of banking regulations, capital stress testing frameworks, financial data analysis, and experience working with large financial institutions.

• Lead and oversee the implementation of the 14A transformation program improving exiting 14A processes, data flows and quality to ensure timely an accurate, complete and timely 14A submission.
• Play a critical role in designing and implementing the 14A processes and tools. This will include requirements development, process and control design and implementation.
• Ensure compliance with Federal Reserve reporting guidelines and maintain up-to-date knowledge of changes to regulatory requirements.
• Collaborate and work with the regulatory interpretation and policy team and ensure accurate interpretation and alignment with regulatory guidance and ensure compliance.
• Provide insights and analysis on capital planning, stress-testing results, and forecasting, with a focus on identifying and explaining variances and developing Trend Analysis
• Develop and implement process improvements to enhance the quality and efficiency of the reporting process including 14A control process design and implementation
• Assist with the documentation of 14A desktop procedures
• Collaborate with cross-functional teams (Risk Management, Finance, Treasury, and IT) to gather, validate, and analyze data inputs for regulatory submissions
• Work with Treasury to develop Capital Plan Exhibits
• Design and develop 14A a cross validation and reconciliation controls.
• Provide and document business requirements utilizing Axiom for 14A filing
• Monitor regulatory updates and trends that may impact reporting requirements and track necessary changes to processes or data gathering
• Develop Methodology Mapping or Lineage (Model Data Mapping to 14A Schedules) & Non-Model Data Sourcing Assist in the maintenance of documentation related to procedures, controls, and governance processes associated with FR Y-14A reporting
• Coordinate with 2nd line of defense, Internal Audit and external examiners to respond to inquiries and reviews related to FR Y-14A processes and submissions

• Bachelor’s degree in finance, Accounting, Economics, Business
• Minimum of 10+ years of experience in regulatory reporting, financial analysis, capital planning, or stress testing in a large financial institution

• Experience working with regulatory reporting tools and systems (e.g., Axiom, Workiva, etc.)
• Master’s degree, CPA, or relevant certifications would be a plus
• Experience with data governance, risk management, and control frameworks in financial institutions
• Familiarity with financial risk management, including credit, market, and operational risk.
• Understanding of data flows & finance system architecture
• In-depth knowledge of regulatory requirements, particularly related to FR Y-14A, CCAR (Comprehensive Capital Analysis and Review), and Dodd-Frank Act Stress Tests (DFAST)
• Strong analytical skills with experience in data management and understanding of financial modeling, and forecasting
• Proficient in Microsoft Excel, with advanced skills in data analysis and automation
• Ability to work independently, handle multiple priorities, and meet tight deadlines in a fast-paced environment
• Excellent communication and presentation skills, with the ability to explain complex data and regulatory concepts to non-technical stakeholders, including senior management
• Strong attention to detail and ability to identify and resolve issues in financial and regulatory data
• Ability to influence others without direct authority; be a team player
• Have a good understanding of…