State Street

Finance Regulatory Reporting, AVP

State Street
Boston, Massachusetts
Not disclosed
25 May 2023
31 May 2023
Approved employers
Approved employer
Contract type
Full time
Experience level

Who we are looking for

A leader with Basel and/or regulatory reporting experience. An ideal candidate should be able to manage tight regulatory submission timelines, as well as monthly analysis and ad hoc requests that support State Street’s strategies. This requires strong technical expertise and the ability to prioritize, effectively communicate, and collaborate with our business partners.

Why this role is important to us

Under the Basel framework, State Street must closely review its financial products and business units to enable the quantification of risk-weighted assets in a manner that will facilitate compliance with the regulations. The Regulatory Capital team you will be joining plays an important role in gathering and analyzing data under a well-controlled environment to ensure compliance with the Basel regulations, accurate reporting, and overall success of the organization.

What you will be responsible for

As an AVP, you will

  • Process monthly workflows, adjustments and reconciliations for Basel III capital calculations and related internal reporting.
  • Complete analytical package to interpret capital results and prepare quarterly presentation packages for senior management and Investor Relations.
  • Prepare quarterly FFIEC 101, FFIEC 102, Pillar 3 Disclosures, FR Y-14Q, FR 2590, and capital sections of SEC reporting (10-K & 10-Q), FR Y-9C and Call Report, and FR Y-15 regulatory filings.
  • Maintain policy and procedure documents, including control execution and attestations, and data governance requirements.
  • Support internal (e.g., audits and assurance) and external (regulator) requests and inquiries.
  • Stay abreast of regulatory and reporting updates, review and interpret guidance.
  • Serve as a subject matter expert on Basel III regulation, calculations and analysis for different products in State Street’s portfolio.
  • Participate in on-boarding and implementation of new products (including system updates and UAT), and ongoing enhancement activities and ad hoc projects.

What we value

These skills will help you succeed in this role

  • Knowledge in GAAP, US Capital Rules (Basel III), and bank financial products, or the ability to proactively acquire such knowledge independently or with minimal supervision/guidance.
  • Strong analysis and quantitative skills.
  • Ability to interpret client needs, identify and communicate issues, execute both BAU and non-BAU tasks.
  • Strong critical thinking, problem solving, and decision making skills.
  • Project management skills, particularly with respect to system maintenance and enhancement.
  • Strong teamwork and relationship-building skills

Education & Preferred Qualifications

  • Bachelor’s degree in Accounting / Finance / Business Administration.
  • 5-8 years’ of regulatory reporting experience in banking industry.
  • Knowledge of SQL and/or other languages such as Python would be beneficial.

Additional requirements

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Salary Range:

  • $80,000 - $132,500 Annual

The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.

For further information, and to apply, please visit our website via the “Apply” button below.

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