FirstBank Jobs

Job Information

MUFG Regulatory Reporting Analyst, Assistant Vice President in Tempe, Arizona

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), one of the world’s leading financial groups. Across the globe, we’re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Job Summary

In this role, you will focus on the creation and compilation of reports from other functions enterprise wide. Responsibilities include ingesting, arranging, and/or illustrating data, testing for accuracy, data analytics and publishing reports to support internal compliance or audit requirements as well as external stakeholders like regulators, customers, consultants, and other third parties.

Major Responsibilities

Responsible for creation/production of the report with full understanding the report requirements

  • 70% - Preparation of assigned financial regulatory reports that are due to several agencies. Conduct investigations of errors and variance analysis independently. Recommend procedural changes to address problems and to ensure accuracy, completeness, and timeliness of reporting.

  • 20% - Assist with the research and analysis of regulatory pronouncements, reporting requirements and other accounting documents. Supports continuous enhancement of our internal controls over regulatory reporting including robust analytical procedures and detective controls.

  • 10% Respond to internal/external inquiries regarding financial data reported or filed. Assist with the Finance Transformation Project and other Bank wide initiatives. Perform other projects or duties as assigned.

  • Ability to build/maintain relationships with various partners including data providers, change management, technology teams etc.

  • Recommend procedural enhancements and identify controls for continuous improvement of the reporting process.

  • Prepare work papers, documentation, procedures, manuals, workflows, and training materials.

  • Able to improve the production process.

  • Ensure desktop procedures for the processes conducted within the RSS (Reporting Shared Services) Regulatory Reporting process are maintained current, accurate and, at the level of detail expected by the regulator.

  • Ensure strong internal control environment is maintained in accordance with department procedures and bank policies.

  • Production Background as follows would be the expected Responsible for production of financial regulatory reports, such as FR Y-7N and FR Y-7Q reports including the requisite processes and controls. Utilizing Generally Accepted Accounting Principles (GAAP) to perform analytical procedures for reporting focused on evaluating trends to be in line with expectations and providing variance explanations for anomalies in fluctuations.

  • Providing analytical support as it relates to data collection and submissions and data management including data analysis, extraction, management, and analysis from multiple sources utilizing analytic tools.

  • Researching and implementing new/revised regulatory reporting requirements and communicating the reporting and regulatory data requirements to business partners.

  • Supporting the execution on selected process enhancements and remediation of management-identified issues, including liaising with IT groups.

Secondary responsibilities

  • Research and analyze regulatory reporting requirements and other accounting documents and stay abreast of changes in collaboration with the Regulatory Reporting Policy team.

  • Collaborate as a regulatory reporting subject matter expert with Regulatory Reporting teams to assess the impact and review the implementation for regulatory reporting of regulatory/accounting changes, new products, mergers, acquisitions, and divestitures, or enhancement of existing processes.

  • Ensure significant changes and issues are documented clearly and escalated in accordance with bank policy and procedures.

  • Maintain strong communication with the CTS report content team, Business Unit Controllers and other subject matter experts and data providers to ensure reporting requirements are clearly understood.

  • Respond to internal / external inquiries regarding financial data reported or filed.

  • Participate in the Risk Control Self-Assessment for assigned regulatory filings to identify and rate risks and mitigating controls.

  • Support reviews and examinations by internal and external parties, including regulatory examinations, internal audits, compliance testing, and testing by Controls Assurance and Advisory, Quality Assurance teams and others

  • Perform other projects or duties as assigned.

Qualifications

  • BA/BS degree or equivalent combination of education and experience

  • Strong accounting and financial reporting experience (in banking/financial industry experience a major plus)

  • Accounting or finance degree is highly preferred

  • CPA or Chartered Accountant, or equivalent, is strongly preferred

  • 5-6 years' related experience, ideally within financial services or technology industries

  • 3+ years' experience preparing regulatory reports

  • 3+ years’ experience in data analytics and visualization

  • Strong, current understanding of banking regulatory reporting rules and regulations

  • Proficient with MS 365 Office Suite, including Word, Excel, Outlook, Access, and PowerPoint.

  • Experience in any of the following Python/R/SQL/ Alteryx a plus

  • Experience in Tableau/Power BI visualization analytics (desktop and cloud versions)

  • Regulatory Production/Implementation experience

  • Demonstrate advanced experience with analytical tools used in regulatory reporting

  • Experience with Adenza AxiomSL and WDesk a plus

The typical base pay range for this role is between $105K - $134K depending on job-related knowledge, skills, experience, and location. This role may also be eligible for certain discretionary performance-based bonus and/or incentive compensation. Additionally, our Total Rewards program provides colleagues with a competitive benefits package (in accordance with the eligibility requirements and respective terms of each) that includes comprehensive health and wellness benefits, retirement plans, educational assistance and training programs, income replacement for qualified employees with disabilities, paid maternity and parental bonding leave, and paid vacation, sick days, and holidays. For more information on our Total Rewards package, please click the link below.

We will consider for employment all qualified applicants, including those with criminal histories, in a manner consistent with the requirements of applicable state and local laws (including (i) the San Francisco Fair Chance Ordinance, (ii) the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance, (iii) the Los Angeles County Fair Chance Ordinance, and (iv) the California Fair Chance Act) to the extent that (a) an applicant is not subject to a statutory disqualification pursuant to Section 3(a)(39) of the Securities and Exchange Act of 1934 or Section 8a(2) or 8a(3) of the Commodity Exchange Act, and (b) they do not conflict with the background screening requirements of the Financial Industry Regulatory Authority (FINRA) and the National Futures Association (NFA). The major responsibilities listed above are the material job duties of this role for which the Company reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of conditional offer of employment, if any.

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.

At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!

Our Culture Principles

  • Client Centric

  • People Focused

  • Listen Up. Speak Up.

  • Innovate & Simplify

  • Own & Execute

DirectEmployers