U.S. Bank

Senior Regulatory Reporting Analyst

U.S. Bank • $86K — $101K *
Saint Louis, MO 63129In-Person
Finance & Insurance
5 - 7 years of experience
Reposted Today
Be an Early Applicant
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting or finance, or equivalent experience
  • 5-8 years in financial accounting activities
  • CPA or equivalent certification preferred
  • Direct experience with FOCUS filings and net capital computations
  • Prior interaction with FINRA or SEC examiners
  • 2-4+ years in broker-dealer regulatory reporting or public accounting
  • Strong knowledge of SEC and FINRA broker-dealer regulations

Responsibilities

  • Prepare FOCUS Reports (Part IIA/IIB) and related schedules
  • Handle SEC Rule 15c3-1 and 15c3-3 reporting
  • Analyze complex netting, haircuts, and customer reserves
  • Assess new products' impact on regulatory reporting
  • Enhance controls for SOX/FRR compliance
  • Coordinate with FINRA and SEC during audits
  • Drive automation and reduce manual reporting processes

Benefits

  • Healthcare (medical, dental, vision)
  • Life insurance options
  • Short-term and long-term disability coverage
  • Parental leave and pregnancy disability benefits
  • 401(k) with employer contributions
  • Paid vacation varying by tenure
  • Adoption assistance
  • Paid sick leave accruing up to 80 hours per year
Full Job Description
Job Description

The Senior Regulatory Reporting Analyst (Broker Dealer) is responsible for preparation of all regulatory filings for registered broker dealer legal entities. This role ensures compliance with SEC and FINRA reporting requirements, including net capital and customer protection rules. The position maintains strong regulatory controls, and partners closely with the Business line to ensure filings are accurate, timely, and defensible.

Broker-Dealer Regulatory Reporting
  • Own end-to-end preparation of FOCUS Reports (Part IIA / IIB) and related schedules.
  • Own end-to-end preparation and reporting related to SEC Rule 15c3-1 (Net Capital) and SEC Rule 15c3-3 (Customer Protection / Reserve Formula).
  • Analyze complex areas including:
    • Netting and allowable vs. non-allowable assets
    • Haircuts and concentration charges
    • Customer reserve computations and deposits
    • PAB vs. customer segregation distinctions
    • Affiliate and intercompany balances
  • Assess the impact of new products, business changes, or legal-entity activity on regulatory reporting.

Controls, Governance & Exams
  • Maintain and enhance controls supporting broker-dealer regulatory reporting in alignment with SOX/FRR and supervisory procedures.
  • Own regulatory reporting narratives, desk procedures, and control documentation.
  • Coordinate responses to FINRA, SEC, and internal audit exams, including data requests, findings, and remediation.
  • Perform root-cause analysis on reporting issues and lead sustainable remediation.

Cross-Functional Partnership
  • Partner across different areas of the business line.
  • Act as a starting point of contact for regulatory inquiries and escalations.
  • Clearly explain regulatory outcomes, risks, and issues to senior Finance and business leadership.

Process Improvement & Regulatory Change
  • Drive automation, standardization, and reduction of manual regulatory reporting processes.
  • Lead analysis of regulatory rule changes, interpretive guidance, or FINRA/SEC updates.
  • Improve data lineage between source systems and regulatory reports.


Basic Qualifications
- Bachelor's degree in accounting or finance, or equivalent work experience
- Five to eight years of experience in financial accounting activities

Preferred Qualifications
  • CPA or equivalent professional certification
  • Direct experience with FOCUS filings, net capital computations, and reserve formula calculations
  • Prior interaction with FINRA or SEC examiners
  • Experience supporting multiple broker-dealer legal entities or complex BD structures
  • Exposure to capital introduction, clearing, prime brokerage, or correspondent models
  • 2-4+ years of experience in broker-dealer regulatory reporting, product control, financial control, or public accounting (financial services)
  • Strong working knowledge of SEC and FINRA broker-dealer regulations
  • Experience supporting or responding to regulatory exams
  • Obtain FINRA Series 27 license within 120 days of employment


Core Competencies & Skills:

Technical & Regulatory Judgment
  • Deep understanding of broker-dealer balance sheet mechanics
  • Strong command of regulatory interpretation and judgment
  • Ability to identify filing and exam risk before submission

Leadership & Communication
  • Clear, concise written and verbal communication
  • Comfortable challenging unsupported explanations
  • Strong escalation and issue-framing instincts

Control & Execution Mindset
  • Exceptionally detail-oriented with high accuracy standards
  • Strong documentation and audit-readiness discipline
  • Thrives under regulatory deadlines and scrutiny


This role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

Benefits:

Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:
  • Healthcare (medical, dental, vision)
  • Basic term and optional term life insurance
  • Short-term and long-term disability
  • Pregnancy disability and parental leave
  • 401(k) and employer-funded retirement plan
  • Paid vacation (from two to five weeks depending on salary grade and tenure)
  • Up to 11 paid holiday opportunities
  • Adoption assistance
  • Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law


Review our full benefits available by employment status here.

Posting may be closed earlier due to high volume of applicants.

About U.S. Bank

U.S. Department of the Treasury is a government agency responsible for promoting economic prosperity and ensuring financial security. The department is responsible for a wide range of activities such as advising on economic and financial issues, encouraging sustainable economic growth, and fostering improved governance in financial institutions.

U.S. Bank Careers

Join the dynamic team at U.S. Bank, one of the nation's top banking institutions, where your career journey is as promising as the services we provide to our customers. At U.S. Bank, we are committed to fostering a culture of innovation, leadership, and diversity that is unmatched in the industry.

Explore Job Opportunities and Growth

At U.S. Bank, we offer a variety of job opportunities that cater to a range of skills and professional interests. Whether you are looking for a position in finance, technology, customer service, or management, U.S. Bank is hiring talented individuals who are eager to contribute to our mission and grow with us.

Internship Programs

Kickstart your career with U.S. Bank’s internship programs. These opportunities are designed for ambitious students who want to gain hands-on experience and develop essential skills in a real-world setting. Our internships provide a platform to engage with experienced professionals and explore potential career paths within the company.

Benefits and Employment Perks

Choosing a career at U.S. Bank means more than just employment. We offer comprehensive benefits designed to enhance your life and well-being. From health and wellness programs to retirement plans, we ensure our team members are supported both personally and professionally.

Our Commitment to Diversity and Inclusion

Diversity and inclusion are at the core of our values at U.S. Bank. We are dedicated to creating an environment where all employees feel valued and included. Our diversity training programs are part of our commitment to an inclusive workplace, where everyone can thrive.

Leadership and Professional Development

Leadership at U.S. Bank is about more than guiding teams – it's about inspiring them. We invest in leadership training and professional development programs that help our employees become the best in their fields. By fostering a culture of learning and growth, we prepare our team members to take on new challenges and leadership roles.

Networking and Innovation

Networking at U.S. Bank goes hand in hand with innovation. Our employees are encouraged to connect with colleagues and industry leaders through various networking events and professional groups. This collaborative environment fuels innovation and allows us to stay ahead in a competitive industry.

Join Our Team

Are you ready to take the next step in your career? Explore the open positions at U.S. Bank and find where your skills and passions align with our needs. Prepare your resume, sharpen your interview skills, and get ready to join a team where your career can flourish.

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READ CAREERS BLOG

Stay ahead in your career with U.S. Bank – where your growth is our priority.
Learn more about U.S. Bank
Size
68,796 employees
Market Cap
$66.2 billion
Industry
Finance & Insurance
Net Income
$4.9 billion
5 Year Trend
+0.5%
NASDAQ
USB
* Ladders Estimates

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