Regulatory Reporting Analyst

As a Regulatory Reporting Analyst at Castle Trust Bank, you will be responsible for preparing and submitting timely regulatory reports, including COREP and FINREP, ensuring compliance with all applicable regulations. Your duties will also involve improving existing reporting processes, focusing on automation through the WIRES system, and providing expertise on regulatory inquiries within the organization.

To qualify for the Regulatory Reporting Analyst role at Castle Trust Bank, candidates should have proven experience in regulatory reporting, preferably within the financial services sector. A degree in a numerate discipline is essential, alongside strong Excel skills and the ability to work with large datasets. Familiarity with the WIRES regulatory reporting system is advantageous, but a willingness to learn and adapt is equally important.

Key skills for a Regulatory Reporting Analyst at Castle Trust Bank include strong numeracy and analytical abilities, advanced Excel proficiency, and excellent communication skills for collaboration with diverse stakeholders. Additionally, being a proactive self-starter and having a passion for continuous learning and process improvement will significantly contribute to your success in this role.

Castle Trust Bank fosters an inclusive and supportive workplace culture. As a Regulatory Reporting Analyst, you will find a collaborative environment where diversity is celebrated. We prioritize professional development and well-being, providing various benefits, including healthcare support and the chance to engage in community volunteering, ensuring a healthy work-life balance.

Castle Trust Bank is committed to the career growth of its Regulatory Reporting Analysts by offering a supportive atmosphere that encourages continuous learning and development. We provide opportunities for professional growth through training, mentorship, and challenging projects that will enhance your skills and knowledge in regulatory reporting and financial compliance.

When discussing your experience with regulatory reporting, focus on specific instances where you prepared and submitted reports, detailing any relevant regulations you worked with. Highlight your familiarity with tools like Excel or reporting systems you've used, and emphasize your ability to meet deadlines and ensure accuracy.

To ensure accuracy in regulatory reports, it’s crucial to implement a thorough review process. Discuss how you validate data, cross-reference sources, and utilize automated tools for consistency. Share any specific methodologies you've used to enhance accuracy, like double-checking data entries and conducting peer reviews.

When answering this question, use the STAR (Situation, Task, Action, Result) method. Share a specific example where you identified inefficiencies, your approach to analyzing and enhancing the process, and the positive outcomes achieved from your improvements, such as reduced time or increased accuracy.

Be prepared to discuss various regulatory frameworks you have worked with, such as COREP or FINREP. Highlight your understanding of how different regulations apply to banking and finance, and elaborate on any relevant training or certifications you may have acquired.

Explain your strategies for staying updated on regulatory changes. This could include subscribing to relevant industry publications, participating in professional organizations, attending seminars, or engaging in continuing education. Emphasize your proactive approach to ensure compliance in your reporting.

When responding, discuss your time management skills and ability to prioritize tasks effectively. Share examples of how you’ve handled pressure in the past, and outline how you ensure that all regulatory submissions maintain accuracy while still meeting tight deadlines.

Discuss specialized reporting tools you have used, such as WIRES, alongside your experience with Excel or data visualization tools. Mention any features that enhance your reporting capabilities, such as automation, and explain how these tools have helped you streamline processes.

When addressing discrepancies, outline your approach to identifying the root cause, whether it's through data analysis or communication with relevant parties. Discuss your problem-solving strategies and how you document your findings and resolutions to maintain reporting integrity.

Share a situation where you collaborated with colleagues on a reporting project. Describe your role, how you communicated effectively with team members, and how your teamwork led to successful outcomes, emphasizing the importance of collaboration in achieving regulatory compliance.

To answer this question effectively, align your skills and career goals with Castle Trust Bank's mission and values. Express how you appreciate their commitment to innovation and regulatory excellence, and highlight your eagerness to contribute to their vision as a Regulatory Reporting Analyst.