Title: Financial Regulatory Reporting Analyst
Company: Coast Capital Savings Federal Credit Union
Location: British Columbia (CA-BC), Help Headquarters
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What’s the job?
The Financial Regulatory Reporting Analyst supports and assists in the execution of accurate and efficient financial regulatory reporting processes and program. The Analyst prepares and analyzes regulatory reports and ensures timely, accurate and complete reporting to various regulatory bodies including but not limited to OSFI, CDIC and Bank of Canada. The analyst assists with the enhancement of the Financial Regulatory Reporting program and participates in other related projects. The incumbent is required to perform analyses and evaluations of complex regulatory reporting requirements and have a robust understanding of the business operations and the data structure to enable ongoing appropriate application of the requirements to Coast Capital. The Analyst supports the full regulatory reporting cycle that includes implementing new and revised financial regulatory reporting requirements; developing and implementing regulatory reporting processes and/or systems (including internal controls) and researches for industry best practices.
What you’ll get to do:
- Maintains knowledge of operations in financial services, credit unions, and/or banking within the regulatory reporting team, to ensure appropriate application of the regulatory reporting requirements to the organization.
- Utilizes enterprise knowledge of products (credit and investment), systems, regulatory capital, liquidity, and other key metrics to analyze regulatory reporting trending and data accuracy.
- Maintains up to date information on relevant regulatory reporting requirements
- Analyzes and interprets data from internal stakeholders and ensures alignment with regulatory reporting requirements within the Data Governance framework
- Prepares analyses of the regulatory reporting metrics and ratios to enable stakeholders (management and regulators) to understand the drivers and implications of business decisions.
- Assists in designing a regulatory reporting process that supports timely, accurate and complete reporting to all external regulators.
- Maintains a strong focus on streamlining processes by identifying and implementing opportunities for automation and efficiencies, offers recommendations and where appropriate leads the implementation.
- Assists in the design and development of financial regulatory reporting tools (database, dashboard, registries etc.) as part of the financial regulatory reporting program enhancement.
- Ensures regulatory reporting controls are compiled and process manuals are up to date.
- Supports in the development and implementation of sound internal controls within the regulatory reporting process to mitigate the risks of errors and omissions.
- Assists in the review and analysis of new business, rule changes or system changes that impact regulatory reporting processes and/or regulatory metrics/ratios and provides advisory to stakeholders/business units/project teams as needed.
Who are we looking for?
- Minimum 4 – 6 Years of Job-Related Experience
- Must have 1-3 years experience with reporting or credit/lending in financial services sector with a minimum of 4-6 years following completion of post-graduate studies; exposure to federal regulatory reporting requirements is an asset.
- Bachelor’s Degree or a diploma requiring 3 – 4 years of full-time study.
- Previous experience working in the financial services sector with a strong understanding of its operations, including advanced knowledge on credit and investment products and proficiency in risk management (primarily credit risk, interest rate risk)
- Proficiency with analytical and reporting tools, including advanced knowledge in MS Excel/Office Suite. Knowledge of Power BI, SQL, VBA or other programming language would be a plus.
- Ability to work well under pressure and multi-task in a deadline driven environment with multiple deliverables.
- High attention to detail with the objective of delivering high quality products.
- Sound business sense, creative mind, and ability to take initiative and act independently.
- Makes good decisions, in a timely manner, based on analysis, experience, and judgment.
- Ability to understanding complex matters and applying them in practical ways.
- Demonstrated ability to positively and productively engage and deal effectively with colleagues at all levels; builds constructive, mutually beneficial relationships, appropriate rapport and relates well to others.
- Works effectively with limited supervision and within established authorities; proactive in identifying and pursuing tasks with energy, drive, and a need to “finish”; knows when and what to refer for guidance and/or approval.
- Strong desire to continuously improve processes, programs, work-flows, and performance to optimize efficiency internally and externally (with stakeholders).
At Coast Capital, we value diversity, equity and inclusion. We’re not all the same and we like it that way. We don’t just accept differences – we celebrate, support, and we thrive on them for the benefit of our employees, our members, and our community. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills. We believe, the more inclusive we are, the better our work will be.
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