VP, Consumer Bank - Deposits Regulatory Reporting

Company: Disability Solutions
Location: New York
Posted on: January 23, 2025

Job Description:

Job Description:Role Summary/Purpose:The VP, Consumer Bank -Deposits Regulatory Reporting and Initiatives will be responsible for leading deposit regulatory and SEC reporting matters.---- This role will manage and prepare support for quarterly and annual regulatory and SEC reporting for all deposit products. This role will manage and coordinate internal cross functional teams responsible for executing initiatives around Part 370 Compliance and other regulatory reporting enhancements.-- This person must be able to handle an agile pace and job responsibilities such as assisting in the simplification and automation of deposit reporting processes. This position requires the ability to manage the day-to-day operational activities with competing priorities and execute on decisions as required to move projects forward. --Reports to the SVP & CFO, Retail Deposits. We're proud to offer you choice and flexibility. You have the option to be remote, and work from home, or come into one of our offices. You may be occasionally requested to commute to our nearest office for in person engagement activities such as team meetings, training and culture events.Essential Responsibilities:

• Product owner who manages all aspects of the FDIC 370 compliance program including maintenance of data quality checks, Annual FDIC Certification, quarterly reconciliation of output files to Call Report, monthly validation, disposition/correction of items in the Pending file, business unit engagement as well as internal/external exam support
• Manage and prepare support for quarterly and annual regulatory and SEC reporting for all deposit products
• Act as a deposits subject matter expert and partner closely with cross functional teams on new products and initiatives to ensure activities are reported in compliance with applicable instruction
• Evaluate impact of bank wide projects and business changes on deposits regulatory reporting and ensure proper representation for initiatives
• Lead project and program management related to Part 370 Compliance. Partner and coordinate with key stakeholders, cross functional leaders, and project teams, to meet key milestones and critical timelines
• Manage cross functional, multi-year project and compliance plan(s)
• Coordinate with Regulatory Reporting in developing strategic initiative roadmaps
• Requirements gathering, documentation, and resource management for the initiative
• Work cross-functionally with business teams to shape business requirements and provide ongoing communication throughout project execution
• Ensure appropriate recordkeeping to determine ownership rights and capacity for all deposit accounts
• Calculation and monitoring of insured and uninsured deposit account balance
• Lead / execute day-to-day project delivery activities and forums, influencing, organizing and holding accountable cross-functional teams related to regulator initiatives
• Present periodic updates regarding status of projects to senior leadership and other key stakeholders
• Maintain/enhance control environment including job aids, policies and data quality
• Support Axiom ContollerView solutioning for Part 370 compliance gaps and other regulatory reporting enhancements
• Perform other duties and/or special projects as assigned Qualifications/Requirements:
  • Bachelor's degree and minimum 8 years of experience in finance, accounting and/or corporate treasury or banking environment
  • Proficient use of Microsoft Office products (Excel, PowerPoint, Word)
  • Minimum 2 years' experience in deposits reporting and/or regulatory reporting
  • Minimum 1 year of experience in project management
  • Must have a working knowledge of data systems, SAS and/or SQLDesired Characteristics:
    • Bachelor's Degree in Finance or Accounting
    • Experience with FDIC Part 370 administration and deposit operations
    • Experience with deposit and/or reporting applications, including Axiom ControllerView a plus
    • 3+ years Regulatory Reporting experience
    • Strong business acumen, work ethic, and ability to influence and lead in a matrixed environment
    • Strong leadership, analytic, and problem-solving skills, and ability to manage multiple projects and priorities
    • Highly organized and detail oriented
    • Ability to innovate and find creative solutions to meeting business goals
    • Ability to clearly explain technical and analytical information (verbally, written, and in presentation form) and summarize for key stakeholders
    • Ability to work in teams effectivelyGrade/Level: 12----------------------------------------------------------------------------------------------------------------The salary range for this position is 110,000.00 - 185,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.Salaries are adjusted according to market in CA, NY Metro and Seattle.Eligibility Requirements:
      • You must be 18 years or older
      • You must have a high school diploma or equivalent
      • You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process
      • You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.
      • New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles.-- Once this new hire time in position requirement is met, the associate will have a minimum 6 months' time in position before they can post for future non-exempt roles.-- Employees, level 8 or greater, must have at least 18 months' time in position before they can post.-- All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don't meet the time in position or performance expectations).Legal authorization to work in the U.S. is required.-- We will not sponsor individuals for employment visas, now or in the future, for this job opening.--All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.--Our Commitment:When you join us, you'll be part of a diverse, inclusive culture where your skills, experience, and voice are not only heard-but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we're building a future where we can all belong, connect and turn ideals into action. Through the power of our 8--, with more than 60% of our workforce engaged, you'll find community to connect with an opportunity to go beyond your passions.This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status.Reasonable Accommodation Notice:
        • Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.
        • If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627.---- Representatives are available from 8am - 5pm Monday to Friday, Central Standard TimeJob Family Group:Finance

Keywords: Disability Solutions, East Orange , VP, Consumer Bank - Deposits Regulatory Reporting, Advertising , New York, New Jersey