Sr Financial Reporting Analyst

Job Description

BE PART OF A BANK LIKE NO OTHER.

When you work with the world's most innovative companies, you know you're making a difference.

Our clients are the game changers, leaders and investors who fuel the global innovation economy. They're the businesses behind the next medical breakthroughs. And the visionaries whose new technologies could transform the way people live and work.

They come to SVB for our expertise, deep network and nearly forty years of experience in the industries we serve, and to partner with diverse teams of passionate, enterprising SVBers, dedicated to an inclusive approach to helping them grow and succeed at every stage of their business.

Join us at SVB and be part of bringing our clients' world-changing ideas to life. At SVB, we have the opportunity to grow and collectively make an impact by supporting the innovative clients and communities SVB serves. We pride ourselves in having both a diverse client roster and an equally diverse and inclusive organization. And we work diligently to encourage all with different ways of thinking, different ways of working, and especially those traditionally underrepresented in technology and financial services, to apply.

SVB India is the financial partner of the innovation economy and parent of Silicon Valley Bank. SVB India develops products and provides services in finance, banking operations, and technology, and employs more than 800 employees and will be rapidly expanding.

Prepare regulatory reports per the requirements of the U.S. regulators (Federal Reserve Bank or departments of the US govt.) including but not limited to the following:

• FR Y-14 (CCAR - 14Q, 14M, 14A) – “Capital Assessments and Stress Testing Report” (Annual/ Quarterly/Monthly)
• FFIEC 031 – Income statement & Balance Sheet reports
• FFIEC 009, TIC B reports, FR 2900, FR 2644 - Transactional reports
• Loans, PPNR, Retail FVO/HFS reporting across multiple reports.
• Implementation of Large Financial Institutions (LFI) reports onto strategic end mile reporting tool like AXIOM, Vermag or similar platforms.
• Issue management, project management and key metrics for periodic updates to stakeholders

Assess, develop and maintain proper controls, robust documentation, and change management approach for all reporting areas – automated and manual – associated with regulatory reporting function.

Communicate issues with appropriate data owners. Monitor and track issues to ensure timely and appropriate resolutions are achieved.

Partner with Financial, business subject matter experts, other analysts and developers to ensure requirements are captured appropriately and solutions implemented adequately to address the business needs.

Stays current on new and evolving regulatory reporting requirements, assess impact and ensure compliance for accurate reporting.

Participate in projects as required for new initiatives, process improvements or technology implementation and development. Participate in bank examinations and internal and external audits.

Knowledge

• Proficient in US GAAP, IFRS and relevant accounting and financial reporting matters
• Knowledge of US Regulatory reporting framework and Financial Reporting tools / systems
• Ability to define and layout controls across processes to help mitigate risk

Skills

• Self-starter and ability to deliver with limited training & oversight
• Ability to navigate through issues and work in the best interest of the team and firm
• Ability to research and propose company positions on complex accounting and reporting issues
• Excellent verbal and written communication skills to articulate ideas and plans clearly and effectively with internal and external audience
• Good teamwork skills to build collaborative and win/win relationships
• High degree of intellectual curiosity combined with immense attention to detail
• Strong project management and organizational skills; ability to independently and simultaneously manage various tasks and projects in a fast-paced environment and flexibility to work hours needed to meet deadlines
• Strong Microsoft Office skills, including proficiency in Excel
• Working experience with SQL is a plus
• Strong AXIOM knowledge & project management skills will be an added advantage

Required Education and Experience

• 3+ years of relevant experience
• CA / CPA is preferred
• Bachelor’s degree in accounting or finance required
• Experience leading and managing a financial reporting team with changing priorities and ability to complete detailed tasks under limited timeframe
• Strong knowledge of US GAAP and Reg Reporting concepts. Knowledge on CCAR reports is an added advantage
• Ability to understand complex financial products and system architectures, accounting business processes, financial and management reporting (US GAAP), month-end financial close process, regulatory reporting, entity consolidations and multi-currency accounting
• Proficient in Microsoft office products (Word, Excel, PowerPoint, etc.)
• Change management and analytical skills
• Ability to build relationships across functional teams to drive towards a common goal
• Ability to organize and manage multiple, changing priorities, and complete tasks under limited timeframe
• Mix of industry and large public accounting firm experience preferred

© 2023 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group.

Equal Employment Opportunity

Silicon Valley Bank is an equal opportunity employer and is dedicated to expanding its commitments and investments to create a more diverse, equitable and inclusive company culture and innovation ecosystem. We are strongly committed to the values and policy of equal employment opportunity across our employment practices.