The position at a glance

The Bank Regulatory Reporting Department is seeking an Assistant Vice President to prepare and review the US entities regulatory reports submitted to the Federal Reserve Bank, and other regulators.

The job main responsibility is to prepare all required regulatory and financial reports and to ensure their correctness, consistency and prompt submission. The position requires intensive involvement in special projects relating to the regulatory reporting tool maintenance and upgrades, GL system interfaces, Axiom automation and remediation effort to improve the overall data quality and process efficiency.

This position reports indirectly to the Bank Regulatory Reporting Sr Manager Vice President and directly to Bank Regulatory Reporting AVP Team Lead.

In detail

• Assist with the bank regulatory reporting managers to maintain and enhance the BAU production process and control framework around the Bank Regulatory Reporting processes.
• Responsible for the preparation and filing of the required Bank Regulatory reports, perform daily, monthly and quarterly production for various Regulatory instances under US GAAP.
• Enforce controls and ensure that financial statements are in balance; prepare balance sheet and income statements reconciliation schedules.
• Analyze, reconcile, and review all accounts under their responsibility by performing a variance analysis of corresponding revenue/balance sheet items, highlighting trends, and following up on questions/ concerns.
• Liaise with various internal (i.e. Legal, Compliance, Audit, Territory Governance, Finance Project Office and Business Operations) and external constituencies (i.e. regulators, external auditors and consultants).
• Identify, escalate and remediate data quality issues.
• Participate in bank examinations and internal and external audits.
• Knowledge of the bank's current regulatory reporting tools, general ledgers, offered products and its related activities.
• Establish and maintain communication with the Financial Reporting Group, the Project Office Group, and the Control & Reconciliation Group and ensure that regulatory reporting requirements are properly addressed on all levels of system and procedural changes, including the introduction of new bank products.
• Assist with the implementation of the new Regulatory Reporting tool; including performing system testing and UAT reporting and continuing automation effort.

Work conditions: This position provides for standard working conditions in an office and a normal work schedule from Monday to Friday.

The strengths and skills that will help you succeed
• Bachelor's degree in Accounting or Finance required.
• Master degree in Accounting or Finance. (Plus)
• Minimum 8 years of experience in Financial Reporting, Accounting, Regulatory Reporting or equivalent functions.
• Knowledge of English is required. *
• Strong regulatory & financial reporting knowledge prevalent in banking/financial institutions.
• Knowledge of U.S. GAAP and IFRS including recent pronouncements.
• Knowledge of:

o FBO requirements preferred;

o Axiom preferred;

o PowerBI/Query preferred;

o Excel skills with formulas (including pivot tables, VLOOKUP, SUMIF);
• *Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. Professional working proficiency in English language is required.

What’s in it for you

In addition to competitive compensation, hybrid work arrangements are available for most positions. In-office presence is required a minimum of 3 days per week, one of which must be on a Monday and/or a Friday. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career development within the company and internationally.

What you need to know

• We will review candidates as they apply, so don't wait to submit your application;