Regulatory Reporting QA – Finance Permanent Control

Job description

Poste et missions

The Finance Permanent Control (“FPC”) team is responsible for executing second-level controls for the Firm’s Finance department, which encompasses Accounting, Tax, and Regulatory functions. In executing the annual review plan, the FPC team interacts closely with all members of the Finance department to assess the control processes at the first level. This function requires a senior-level professional to lead the Regulatory Quality Assurance (QA) review portion of the annual plan.

The Vice President - Regulatory Reporting QA will be instrumental in leading the second-level review of the Finance department’s controls performed prior to the production of all regulatory reports, including but not limited to submissions to the FRB, FINRA, OSFI (Canada reporting), and the Department of Commerce. He/she/they will also be responsible for performing ad hoc controls at the direction of Senior Finance Management, which will involve developing and enhancing control review plans in response to specific reporting needs.

Additionally, the position will involve participating in general accounting-related controls as directed by Finance Management, for which knowledge of IFRS/US GAAP accounting standards is advantageous.

Key Responsibilities:

·  Proactively execute risk-based QA reviews to identify gaps and collaborate with First Level Teams to remediate any identified issues.
·  Review the end-to-end processes used to report U.S. Regulatory Reporting disclosures (e.g., FFIEC 002, FFIEC 019, FR 2420, FOCUS, Supplemental Liquidity Schedule (SLS), Canada Branch Reporting, FR 2900, FR Y-7, FR Y-10, FR Y-7N) to assess integrity and completeness.
·  Validate transaction capture through regulatory reporting processes and assess the internal control environment by applying procedures to perform “Front to Back” testing, tracing critical data elements from trade confirmations or contracts through various transformations to the final external reports.
·  Analyze identified issues for their impact on upstream and/or downstream processes, escalating these issues to senior management as appropriate.
·  Draft audit recommendations and liaise with Operations, Regulatory Reporting, and Data Governance teams to address risks, findings, and gaps through corrective measures identified during the validation process.
·  Perform ad hoc and closing-related accounting reviews as directed by Finance Management.

 

The salary range for this position will be between $130,000 - 160,000.  Natixis is required by law to include a reasonable estimate of the compensation range for this role.  Actual base salary will vary and will be based on several factors including, but not limited to, relevant experience, education, skills set, applicable licensure and certifications, and other business and organizational needs.  Base salary is only one component of our total rewards package.  Natixis also offers a generous benefits package, and you may be eligible for a discretionary incentive award depending on company and individual performance.

Profil et compétences requises

Undergraduate degree in Accounting or Finance.
Minimum of 5 years in the industry with proficient knowledge of U.S. regulatory reporting requirements, external reporting control concepts, and financial services-related products.
Strong analytical and problem-solving skills to plan control reviews, assess existing controls, and recommend enhancements.
High attention to detail and a willingness to “roll up sleeves” while maintaining a grasp of the “big picture.”
Solid understanding of financial products; experience with fixed income and structured products is a plus.
Knowledge of accounting standards (IFRS/US GAAP).
Strong interpersonal and writing skills to develop review reports detailing permanent controls performed.
Proficiency in Microsoft Excel, with the ability to navigate financial product sub-ledger systems.