Senior Regulatory Reporting Analyst - Hybrid at USAA
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Senior Regulatory Reporting Analyst - Hybrid

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Job ID
R0084169
Date posted
11/14/2022

Purpose of Job

We are seeking a talented Financial Reporting Analyst Senior for either our Charlotte, NC, Plano, TX, San Antonio, TX or Phoenix, AZ facility.

This position does NOT have the option of working remotely

USAA values a culture that is highly collaborative, and we have found that a hybrid work type helps employees gain the best of both worlds – collaborating in-person in the office and working from home. The actual onsite days are settled between each employee and the employee’s manager. Candidates are expected to live a commutable distance from one of our offices in San Antonio, TX, Plano, TX, Phoenix, AZ, Tampa, FL, Chesapeake, VA, Colorado Springs, CO or Charlotte, NC.

The Financial Reporting Analyst Senior is responsible for the preparation, peer review, and analysis of Holding Company & Subsidiary regulatory reports, primarily including FR Y-9C and FFIEC 009.The Financial Reporting Analyst I will serve as the central coordinator for all of the team’s manual data request repositories, maintained in SharePoint and Wdesk. The role also entails development and maintenance of procedures detailing the team’s processes, including recommending and implementing process and procedure enhancements. As a member of the Holding Company & Subsidiary regulatory reporting team, this role serves as a regulatory reporting subject matter expert, through assessment and review of change management initiatives resulting from internal and external change initiatives.

Job Requirements

About USAA

USAA knows what it means to serve. We facilitate the financial security of millions of U.S. military members and their families. This singular mission requires a dedication to innovative thinking at every level.

Tasks:

  • Identifies and manages existing and emerging risks that stem from business activities and the job role.

  • Ensures risks associated with business activities are effectively identified, measured, monitored, and controlled.

  • Follows written risk and compliance policies, standards, and procedures for business activities.

  • Develops and implements processes to facilitate the end-to-end delivery of complex financial and regulatory reporting to include Bank Holding Company reporting, Enterprise GAAP reporting, P&C and Life Insurance STAT reporting, and / or investment reporting.

  • Acquires and applies demonstrated knowledge of appropriate and applicable industry practices and relevant USAA businesses and products impacting the financial statements.

  • Applies professional skepticism to interpret and understand financial results and regulatory information as well as business and financial statement interrelationships, and provide informed, proactive analysis and business insights for analytical review to enable effective decision-making for financial and regulatory reporting.

  • Prepares and reviews complex financial and regulatory reports in addition to audited statements and support schedules.

  • Performs procedures which procedures? and identifies and implements improvements in accordance with internal controls over financial reporting. 

  • Interacts regularly with management, regulatory agencies, and business partners (i.e., internal and external audit, treasury, compliance and legal, etc.) to ensure appropriate discussion and execution of requisite actions.

  • Monitors, analyzes, and interprets new and proposed changes to financial reporting requirements to determine the impact to USAA.

  • Serves as an advisor to management and as a valued and trusted resource to team members as well as a mentor to peers.

  • Drafts and delivers disclosures, technical memos, presentations, and other supporting documentation.

  • Partners with areas across the enterprise to ensure accurate and timely receipt of supporting information.

  • Plans and prioritizes maintenance of processes, procedures, tools, and resources.

Minimum requirements:

  • Bachelor’s degree required; OR 4 years of related experience (in addition to the minimum years of experience required) may be substituted in lieu of degree.

  • 6 years of experience preparing and delivering financial statements and regulatory reports in the financial services industry, a Bank Holding Company or similar.

  • Expert knowledge of applicable Microsoft Office applications including Excel.

  • 4 years of experience conducting research and preparing business and operation financial analysis.

  • Strong knowledge of Generally Accepted Accounting Principles (GAAP).

Preferred experience:

  • Bank holding company regulatory reporting experience.

  • High proficiency in Microsoft suite of products – Word, Excel, PowerPoint.

  • Excellent analytical and problem-solving skills.

  • Excellent communication skills (both written and verbal) and interpersonal skills.

The above description reflects the details considered necessary to describe the principal functions of the job and should not be construed as a detailed description of all the work requirements that may be performed in the job.

Compensation:

USAA has an effective method for assessing market data and establishing ranges to ensure we remain competitive. You are paid within the salary range based on your experience and market position. The salary range for this skill is: $88,200 - $158,900*

Employees may be eligible for pay incentives based on overall corporate and individual performance or at the discretion of the USAA Board of Directors.

Geographical Differential: Geographic pay differential is additional pay provided to eligible employees working in locations where market pay levels are above the national average.

Shift premium: will be addressed on an individual-basis for applicable roles that are consistently scheduled for non-core hours.

Benefits:

At USAA our employees enjoy best-in-class benefits to support their physical, financial, and emotional wellness. These benefits include comprehensive medical, dental and vision plans, 401(k), pension, life insurance, parental benefits, adoption assistance, paid time off program with paid holidays plus 16 paid volunteer hours, and various wellness programs. Additionally, our career path planning and continuing education assists employees with their professional goals.

Please click on the link below for more details.

USAA Total Rewards

Relocation assistance is Not Available for this position.

USAA is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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