Vice President & Manager- Banking Regulatory Reporting Group recruitment
BNP Paribas (www.bnpparibas.com) is one of the best rated banks in the world*. The Group has a presence in more than 80 countries and more than 200,000 employees, including more than 160,000 in Europe. It ranks highly in its three core activities: Retail Banking, Investment Solutions and Corporate Investment Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across the Europe-Mediterranean zone and boasts a large network in the western part of the United States. In its Corporate Investment Banking and Investment Solutions activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia.
*Rated AA- by Standard Poor's.
Job Overview:
Manages and reviews the preparation of all regulatory reports that are submitted to the Federal Reserve Bank, various State banking departments, Cayman Islands Monetary Authority and the Department of Commerce by all U.S. branches and agencies, including its subsidiaries and special purpose entities. This position requires extensive background in regulatory and financial reporting. Experience should encompass accounting, compliance, banking operations, finance, budget, internal controls, internal management reporting and project management. A comprehensive knowledge of all reports that are due to the Federal Reserve Bank, the various State banking regulatory authorities, the Department of Commerce and Cayman Islands Monetary Authority is critical. The job's main responsibility is to review all required regulatory and financial reports and to ensure their correctness, consistency and prompt submission. The position requires intensive involvement in special projects relating to the bank's regulatory reporting tool maintenance and upgrades, GL system interfaces and the introduction of new banking products. The manager should also be able to assist the Head of Regulatory Reporting Group on other regulatory matters.
Responsibilities:
· Liaise with various internal (i.e. Legal, Compliance, Audit, Territory Governance, Finance Project Office and Business Operations) and external constituencies (i.e. regulators, external auditors and consultants).
· Coordinate bank examinations and internal and external audits.
· Responsible for the review of the various general ledger systems and act as a liaison between the various accounting groups within the Finance and Tax department. .
· Maintain full knowledge of current Federal, State and other regulatory reporting agencies' requirements, rules and regulations.
· Knowledge of the bank's regulatory reporting tools (i.e. Reg-Reporter V.6.0 or V5.2 DART system), general ledgers, offered products and its related activities.
· Perform research on changes on new regulatory reporting requirements and accounting standards and its impact to the group's reporting.
· Establish and maintain communication with the Financial Reporting Group, the Project Office Group, and the Control Reconciliation Group and ensure that regulatory reporting requirements are properly addressed on all levels of system and procedural changes, including the introduction of new bank products.
· Manage the preparation and review of all Federal, State other regulatory reports which primarily include the following:
· Call Report (FFIEC 002/02S) - "Report of Assets Liabilities of U.S. Branches and Agencies of Foreign Banks"
· FRYN Report - "Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations"
· FRY Report - "Annual Report of Foreign Banking Organizations"
· CIMA Reports (CIQPR, LBS CPIS) - "Cayman Islands Quarterly Prudential Returns," "Locational Banking Statistics Survey" "Coordinated Portfolio Investment Survey"
· FFIEC 019 Report - "Country Exposure Report for U.S. Branches and Agencies of Foreign Banks"
· FFIEC 041 Report - "Consolidated Reports of Condition and Income for A Bank With Domestic Offices Only"
· FR 2644 Report - "Weekly Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks"
· FR 2900 Report - "Report of Transaction Accounts, Other Deposits and Vault Cash"
· FR 2915 Report - "The Report of Foreign (Non-U.S.) Currency Deposits"
· Department of Commerce Reports (i.e. TIC B's, TIC C's, Form D, Form S, Form SLT, SHC, SHCA, SHL SHLA) - (TIC B's e.g. "Report of U.S. Dollar Claims/Liabilities of Depository Institutions Bank Holding Companies/Financial Holding Companies, Brokers, and Dealers on Foreigners" Report of Foreign Currency Liabilities and Claims of Depository Institutions, Bank Holding Companies/Financial Holding Companies, Broker Dealers, and of their domestic Customers Vis-à-vis Foreigners")
· Department of Commerce Surveys (i.e. BE Reports)
· Pledge Assets Report (NY, CA TX)
· Reserve requirement calculations
· FR 2028 Report - "Survey of Terms of Bank Lending/Prime Rate Supplement"
· FR 2886b Report - "Consolidated Report of Condition and Income for Edge and Agreement Corporations"
· Abandoned Property Reports
· FR 2930 Report - "Allocation of Low Reserve Tranche and Reservable Liabilities Exemption"
· FR 2225 Report - "Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies of Foreign Banks"
· FRY10 - "Report of Changes in Organizational Structure"
Skills
· Minimum of 10-15 years experience in Bank Regulatory Reporting.
· Master's or Bachelor's degree in Accounting or Finance required. CPA is desirable.
· Strong regulatory financial reporting knowledge prevalent in banking/financial institutions.
· Knowledge of U.S. GAAP and IFRS including recent pronouncements.
· Strong technical, analytical and management skills.
· Expert knowledge of Reg Reporter.
· Excellent written and verbal communication skills.