Reports to : Lead for Regulatory Reporting Report Preparation
Department/ Division : Report Preparation
Basic Purpose of Job:
The Senior Associate in this role will be responsible for supporting the Liquidity & Branch Team in preparation of daily, monthly, quarterly and annual reporting to local European Regulators including but not limited to, Deutsche Bundesbank and several other European national competent authorities on various statistical reports, internal management and external ad-hoc reporting.
Responsibilities & Tasks Include:
Complete and accurate preparation of weekly, monthly, quarterly and annual reporting to applicable regulatorsPrepare initial schedules and reports, including primary data provider capture point and work paper preparationsAnalyze financial data in order to complete filings, understand fluctuations and uncover potential inaccuraciesPerform edit check reviews and follow up on applicable discrepanciesPerform reconciliations across products, reports and schedulesExecute source system data reconciliation versus General LedgerPrepare monthly management reports and trends on capital adequacyMonthly systems processing of ABACUS DaVinci including manual systems entries, data extractions, data quality checks and reconciliationsStay informed of regulatory changes and work with management to develop processes for implementation of new reporting requirementsMaintain detailed procedures and documentation for the above processes
Job Requirements:Education and ExperienceBachelor’s degree in finance, business, or equivalent5-8 years of progressive experience in banking or financial servicesExcellent communication, documentation and organizational skillsProven track record of successful project executionAbility to multi-task and work under high pressure deadlinesAbility to reprioritize timelyStrong attention to detail and accuracyAbility to work with other departments and represent the team in a positive mannerAbility to work both independently and as part of a teamFamiliarity with bank reporting and local German/IFRS accountingHigh level of interpersonal skills and integrityChartered Accountant certification (not required but beneficial)Familiarity with financial products and financial institution operationsFamiliarity with European Capital Requirements Regulation (CRR) and German Banking Act (KWG)
Skills/ KnowledgeProficiency in Microsoft Office suite (Excel, PowerPoint, Word)Advanced Microsoft Excel and ability to manipulate dataKnowledge of Regulatory Reporting software (e.g. ABACUS DaVinci) a plusProven ability to write, tune and execute complex SQL queriesAbility to use Bloomberg terminal as a research toolFinancial and accounting skillset – knowledge of regulatory reports and formsStrong Analytical and problem-solving skillsAbility to transform a business need into a visual representationGerman Language skills are a plusAbout State Street
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