Sr. Analyst, Regulatory Reporting at Santander

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Bachelor's Degree or equivalent work experience in Accounting, Finance, Business Administration or equivalent field - Required
3+ Years Accounting, Financial reporting or Auditing field - Required
3+ Years Equivalent work experience - Required
Demonstrated competence of accounting practices and procedures, including US GAAP/IFRS and regulatory reporting standards
Experience working with Regulatory reporting forms to the Federal Reserve Bank, especially on FFIEC 002/ FRY15 (is a plus)
Knowledge of financial products like Derivatives, Fixed Income, Lending, cash management, trade finance or willing to learn new activities
Ability to focus on details to ensure and maintain data accuracy and demonstrate holistic understanding of accounting and Regulatory reports
Can work independently and as part of a team
Effectively handle multiple projects simultaneously in a deadline driven environment
Excellent communication and organizational skills
Demonstrate continuous improvement through training
Advanced experience with MS Excel (Pivot tables, Vlookup, etc.)
Spanish language is a plus
Certifications: CPA (Certified Public Accountant) - Preferred

Responsibilities

Administers the processing of reconciliations, analysis, and documentation of assigned job areas within the regulatory reporting team
Improves the effectiveness of the accounting reporting team by adjusting and/or enhancements to current reporting processes
Creates and/or improves the regulatory reporting processes; recommends enhancements or improvements to improve effectiveness of reporting team
Prepares or reviews regulatory reports and research to resolve discrepancies or significant variances
Monitors and communicates any incident related to Regulatory reports to the senior managers
Researches and analyzes new products, systems, and/or best practices within the Regulatory Reporting environment
Reviews, reconciles, or analyzes General Ledger data, to ensure the correct reporting process

Skills

Key technologies and capabilities for this role

Regulatory ReportingReconciliationsGeneral LedgerAccounting EntriesProcess AdministrationFinancial AnalysisDocumentationTechnical Accounting

Questions & Answers

Common questions about this position

What education is required for the Sr. Analyst, Regulatory Reporting position?

A Bachelor's Degree or equivalent work experience in Accounting, Finance, Business Administration or equivalent field is required.

What experience is needed for this role?

At least 3+ years of experience in Accounting, Financial reporting or Audit is required.

What are the main responsibilities of the Sr. Analyst, Regulatory Reporting?

The role involves administering reconciliations, analysis, and documentation; improving reporting processes; preparing regulatory reports; monitoring incidents; and researching new products and best practices.

What is the company culture like at Santander?

Santander fosters an enriching environment focused on continuous learning, personal growth, collaboration with global colleagues, engagement, and employee success.

Is the salary specified for this position?

This information is not specified in the job description.

What is the location or work arrangement for this job?

This information is not specified in the job description.

What makes a strong candidate for this role?

Candidates with a Bachelor's degree in Accounting, Finance, or Business Administration and 3+ years in accounting, financial reporting, or audit, along with expertise in reconciliations, general ledger, and regulatory reporting, stand out.

Santander

Provides banking, investment, and insurance services

About Santander

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Boston, MassachusettsHeadquarters

1902Year Founded

$75MTotal Funding

POST_IPO_DEBTCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

Risks

ISO 20022 transition may challenge smaller business partners.

'Quishing' attacks pose a growing threat to consumer security.

Openbank faces competition in the U.S. high-yield savings market.

Differentiation

Santander's Openbank offers a 5.00% APY high-yield savings account nationwide.

The bank's Inclusive Communities Plan pledges $13.6 billion for community initiatives.

Santander's ISO 20022 adoption enhances operational efficiency and data management.

Upsides

Openbank's high-yield savings account attracts more U.S. customers.

Santander's renewable energy financing highlights commitment to sustainable investments.

Proactive cybersecurity measures enhance customer trust and protect digital assets.

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