Financial and Regulatory Reporting Manager

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What we're looking for

Toyota Financial Savings bank ("TFSB" or "the Bank") was incorporated in Nevada and chartered as a Nevada Thrift institution whose deposits are federally insured. TFSB is supervised by the Federal Deposit Insurance Corporation ("FDIC") and the State of Nevada Financial Institutions Division and is subject to the consumer compliance standards and regulations of the Consumer Financial Protection Bureau. As a result of this regulatory supervision, the Bank is required to submit various reports to these regulatory authorities, the most prominent of which is the Call Report submitted to the Federal Financial Institutions Examination Council ("FFIEC") quarterly. The Regulatory Reporting Manager position, which reports to the TFSB Controller serves as part of the Accounting and Finance function under the Chief Financial Officer and is the only role providing expertise and ownership for monitoring, interpreting and implementing all regulatory reporting rules including staying current on new guidance and providing interpretive guidance on new and evolving reporting rules in a fast growing environment where new rules apply as the Bank continues to grow rapidly. This role will also ensure the accuracy and timely completion of parent company reporting as well as coordinate the annual PwC audit and financial statement preparation.

• Lead team members in the preparation and review of FFIEC and regulatory reporting packages quarterly and annually for the Bank in accordance with the requirements of the FDIC and other regulatory bodies.
• Own and implement sound FDICIA controls and processes to adequately support regulatory reporting requirements.
• Own and support team members through the preparation of supporting schedules and addressing complex technical questions for the audits performed by both external and internal auditors, as well as regulators.
• Lead team members in the preparation and submission of all financial reports to regulatory bodies. Ensure the Company's compliance with laws and regulations.
• Coordinate with various accounting and operational groups to obtain required information. Perform adequate planning and manage conflicting priorities to meet the deadlines.
• Step in when needed at least quarterly, to review and oversee the work of team members in the compilation of information related to quarterly financial reporting for global reporting to Japan and for the annual audited financial statements

• Monitors new regulatory guidance on an on-going basis to determine impact to the bank.
• Assesses new regulatory reporting guidelines and recommends solutions based on sound interpretation of the guidance
• Coordinate with financial reporting, accounting policy, and IT on how changes in accounting, systems and vendor system changes need to be accurately reflected and interpreted for regulatory reporting
• Communicates and presents new guidance impacting the bank to officers and senior leader's
• Serve as the only point of contact with the FFIEC, directly interacting with the regulators to address all regulatory questions and issues related to application and interpretation of regulatory rules impacting the business
• Be the Subject matter expert for FFIEC and other regulatory reporting requirements. Assist team members in finding and resolving issues in an objective and collaborative manner.

• Support TMCC accounting (shared service) in the preparation of the quarterly critical estimate process for Mazda Financial Services
• Continuously look for opportunities to strengthen and/or streamline existing regulatory and financial reporting policies, procedures, and processes. Recommend and implement process improvements as appropriate.
• As business needs continue to change, take a lead role in developing and implementing the impact of the regulatory requirements to reporting processes and analyses. Implement and improve analytical tools to address changing needs.
• Understand TFSB policies, systems, and processes to ensure implementation of new requirements is well documented and accurate.
• Own FDICIA/Internal Controls for Regulatory Reporting and regularly review and update process documents. Work with FDICIA team to ensure appropriate internal controls are inherent in regulatory and financial reporting, are designed effectively and risks are assessed.
• Support spreadsheet change management and controls process and ensure all the necessary changes are made in accordance with the Company's policies
• Support financial/regulatory reporting and accounting projects to problem solve or address urgent requests timely, as needed

• Provide leadership for financial reporting, regulatory reporting, and financial controls within Regulatory reporting at the Bank
• Lead the implementation of new regulatory reporting and strategic initiatives impacting financial and accounting activities of the Bank to both enhance and support the Bank's strategies
• Develop team member skills and create a path for team members to gain experience through value-add opportunities

• Bachelor's degree required
• 8+ years of relevant work experience (in a similar field and/or industry)
• People leadership experience with proven ability to grow, develop, and inspire a team
• FFIEC and other Bank regulatory reporting experience required (FDIC)
• Knowledge of Bank operations and compliance required
• Ability to evaluate and interpret regulatory guidance and recommend solutions to comply with regulatory compliance
• Ability to analyze processes and recommend improvements in a continuously changing environment required
• Experience with Microsoft Office
• Attention to detail is required along with the ability to work in challenging environments
• Strong communication skills as this role will present to Executive leadership of the Bank
• A strategic mind set and experience in moving quickly in a growing environment
• Experience with controls impacting the bank (FDICIA)
• Adaptability - willingness to learn new products and processes and work on multiple types of projects concurrently.
• The ability to successfully manage multiple tasks in a deadline driven environment.
• A high degree of organizational skills with the ability to work in a deadline driven environment bringing closure to outstanding issues

• The role may benefit from a CPA certification, but it's not required
• Experience with Hyperion Financial Management, SAP, Fed Reporter SmartCall or other FFIEC software
• Knowledge of US GAAP
• Project management/leadership experience including effective communication skills, verbal and written
• Excellent general management skills in managing plans, people, and budgets
• Ability to work with customers to conceptualize needs and to develop and implement solutions

• A work environment built on teamwork, flexibility, and respect
• Professional growth and development programs to help advance your career, as well as tuition reimbursement
• Team Member Vehicle Purchase Discount
• Toyota Team Member Lease Vehicle Program (if applicable)
• Comprehensive health care and wellness plans for your entire family
• Flexible work options based on business needs
• Toyota 401(k) Savings Plan featuring a company match, as well as an annual retirement contribution from Toyota regardless of whether you contribute
• Paid holidays and paid time off
• Referral services related to prenatal services, adoption, childcare, schools and more
• Tax Advantaged Accounts (Health Savings Account, Health Care FSA, Dependent Care FSA)
• Relocation assistance (if applicable)