Senior Regulatory Reporting Analyst
U.S. BankAbout the role
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.
Job Description
The Senior Regulatory Reporting Analyst (Broker Dealer) is responsible for preparation of all regulatory filings for registered broker dealer legal entities. This role ensures compliance with SEC and FINRA reporting requirements, including net capital and customer protection rules. The position maintains strong regulatory controls, and partners closely with the Business line to ensure filings are accurate, timely, and defensible.
Broker‑Dealer Regulatory Reporting
- Own end‑to‑end preparation of FOCUS Reports (Part IIA / IIB) and related schedules.
- Own end-to-end preparation and reporting related to SEC Rule 15c3‑1 (Net Capital) and SEC Rule 15c3‑3 (Customer Protection / Reserve Formula).
- Analyze complex areas including:
- Netting and allowable vs. non‑allowable assets
- Haircuts and concentration charges
- Customer reserve computations and deposits
- PAB vs. customer segregation distinctions
- Affiliate and intercompany balances
- Assess the impact of new products, business changes, or legal‑entity activity on regulatory reporting.
Controls, Governance & Exams
- Maintain and enhance controls supporting broker‑dealer regulatory reporting in alignment with SOX/FRR and supervisory procedures.
- Own regulatory reporting narratives, desk procedures, and control documentation.
- Coordinate responses to FINRA, SEC, and internal audit exams, including data requests, findings, and remediation.
- Perform root‑cause analysis on reporting issues and lead sustainable remediation.
Cross‑Functional Partnership
- Partner across different areas of the business line.
- Act as a starting point of contact for regulatory inquiries and escalations.
- Clearly explain regulatory outcomes, risks, and issues to senior Finance and business leadership.
Process Improvement & Regulatory Change
- Drive automation, standardization, and reduction of manual regulatory reporting processes.
- Lead analysis of regulatory rule changes, interpretive guidance, or FINRA/SEC updates.
- Improve data lineage between source systems and regulatory reports.
Basic Qualifications
- Bachelor's degree in accounting or finance, or equivalent work experience
- Five to eight years of experience in financial accounting activities
Preferred Qualifications
- CPA or equivalent professional certification
- Direct experience with FOCUS filings, net capital computations, and reserve formula calculations
- Prior interaction with FINRA or SEC examiners
- Experience supporting multiple broker‑dealer legal entities or complex BD structures
- Exposure to capital introduction, clearing, prime brokerage, or correspondent models
- 2–4+ years of experience in broker‑dealer regulatory reporting, product control, financial control, or public accounting (financial services)
- Strong working knowledge of SEC and FINRA broker‑dealer regulations
- Experience supporting or responding to regulatory exams
- Obtain FINRA Series 27 license within 120 days of employment
Core Competencies & Skills:
Technical & Regulatory Judgment
- Deep understanding of broker‑dealer balance sheet mechanics
- Strong command of regulatory interpretation and judgment
- Ability to identify filing and exam risk before submission
Leadership & Communication
- Clear, concise written and verbal communication
- Comfortable challenging unsupported explanations
- Strong escalation and issue‑framing instincts
Control & Execution Mindset
- Exceptionally detail‑oriented with high accuracy standards
- Strong documentation and audit‑readiness discipline
- Thrives under regulatory deadlines and scrutiny
This role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.
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