What does a regulatory reporting analyst do?
The Regulatory Reporting Analyst reports to the Regulatory Reporting Manager and is responsible for the timely and accurate preparation and filing of various financial regulatory reports (including FFIEC 009, FFIEC 031, FRY9-C) in compliance with all regulatory requirements, Company policies and procedures, and …
What is regulatory reporting in finance?
‘Regulatory reporting’ is the submission of raw or summary data needed by regulators to evaluate a bank’s operations and its overall health, thereby determining the status of compliance with applicable regulatory provisions.
What does a financial reporting analyst do?
Financial reporting analysts prepare documentation that reflects a company’s financial standing. The information they compile is issued to internal and external sources and is used to create budgets, conduct audits and issue stock.
How much do financial reporting analysts make?
Financial Reporting Analyst Salaries
| Job Title | Salary |
|---|---|
| PepsiCo Financial Reporting Analyst salaries – 2 salaries reported | $64,714/yr |
| Citi Financial Reporting Analyst salaries – 2 salaries reported | $54,918/yr |
| State Street Financial Reporting Analyst salaries – 2 salaries reported | $20/hr |
How do I become a regulatory reporting analyst?
To become a reporting analyst, you need at least a bachelor’s degree in business, finance, information management, or a related field. Many employers prefer candidates with a master’s degree, and although it is not strictly necessary, it will set you ahead of other candidates.
Is regulatory reporting a good job?
The role provides excellent exposure to all areas of the bank, including product control, financial control, treasury, operations, IT, front office, legal and credit risk. As such, it is a good entry route into financial services.
How often is FR Y 9c filed?
Quarterly
Frequency: Quarterly, as of the last calendar day of the quarter.
What is FR Y 10 report?
FR Y-10. The data provide the Federal Reserve with information integral to monitoring compliance with the Bank Holding Company Act, the Gramm-Leach-Bliley Act, the Federal Reserve Act, the International Banking Act, the Sarbanes-Oxley Act, Regulation Y, Regulation K, Regulation LL, and the Home Owners’ Loan Act.
Is financial analyst the same as accountant?
A financial analyst looks to past and current trends to help achieve a future reality, while an accountant may review a company’s financial data on a day-to-day basis. Many financial analysts use reports generated by accountants to make recommendations about how best to use company resources.
How much does a regulatory analyst make?
Regulatory Analyst Salary
| Annual Salary | Monthly Pay | |
|---|---|---|
| Top Earners | $100,500 | $8,375 |
| 75th Percentile | $84,500 | $7,041 |
| Average | $70,082 | $5,840 |
| 25th Percentile | $51,500 | $4,291 |