Full-Time

Senior Regulatory Reporting Analyst

Updated on 7/21/2026

Deadline 7/31/26
U.S. Bank

U.S. Bank

10,001+ employees

Offers banking, loans, mortgages, investment advisory

Compensation Overview

$86.4k - $101.6k/yr

+ Incentive programs + Equity stock purchase plan

Charlotte, NC, USA + 1 more

More locations: St. Louis, MO, USA

Hybrid

Hybrid role with in-office requirement of 3+ days per week; remote days allowed.

Category
Legal & Compliance (1)

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Requirements
  • Bachelor's degree in accounting or finance, or equivalent work experience
  • Five to eight years of experience in financial accounting activities
  • Deep understanding of broker-dealer balance sheet mechanics
  • Strong command of regulatory interpretation and judgment
  • Ability to identify filing and exam risk before submission
  • Clear, concise written and verbal communication
  • Comfortable challenging unsupported explanations
  • Strong escalation and issue-framing instincts
  • Exceptionally detail-oriented with high accuracy standards
  • Strong documentation and audit-readiness discipline
  • Thrives under regulatory deadlines and scrutiny
Responsibilities
  • 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
  • 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
  • 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
  • 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
Desired 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

U.S. Bank provides a wide range of banking and financial services for individuals, small businesses, and large corporations, including checking, savings, loans, mortgages, and investment advisory. Its products run through a network of physical branches and digital tools like a mobile app, enabling customers to open accounts, transfer funds, apply for loans, invest, and receive guidance. Revenue comes mainly from interest on loans, service fees, and advisory fees. The bank differentiates itself with a broad product lineup, accessibility, and inclusion, aiming to make banking easier and more accessible for people across the United States.

Company Size

10,001+

Company Stage

IPO

Headquarters

Minneapolis, Minnesota

Founded

1863

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Simplify Jobs

Simplify's Take

What believers are saying

  • BTIG drives revised 2026 revenue growth outlook to 7–9% with ~$200M quarterly contribution in H2
  • Healthcare payment rail leverages AI to digitize 20% of U.S. economy, currently paper-based
  • Q2 2026 EPS reached $1.35, up 22% year-over-year with record $7.7B net revenue

What critics are saying

  • OCC and Federal Reserve will heighten AI governance scrutiny on healthcare automation starting June 2026
  • Salucro and Elavon face slow adoption as only 26% of healthcare sector uses payment APIs
  • Hospitals and insurers will bypass U.S. Bank's rail using direct AI negotiation tools within 12–18 months

What makes U.S. Bank unique

  • U.S. Bank delivers $98M BTIG revenue in first month post-June 2026 acquisition completion
  • Automates healthcare payments using AI via Eric Levine, Salucro, and Elavon assets since 2024
  • Generates $750M annual fee revenue from BTIG's institutional equity, ECM, and M&A advisory services

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

Paid Vacation

Paid Holidays

Adoption Assistance

Paid Sick Leave

Company News

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Business Wire
Mar 31st, 2026
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U.S. Bank has partnered with Built, an AI-native platform for real estate and construction finance, to streamline mortgage financing for new home construction. The integration connects borrowers, the bank and builders on a single platform, reducing delays and improving transparency throughout the construction process. Built's cloud-based system manages draws, inspections and communications in one centralised location. The platform can improve draw times by up to 70% and provides real-time access to budgets, inspection reports and project updates. Once a construction loan is originated, U.S. Bank activates the project within Built, allowing borrowers to manage their loans during the building process. The partnership covers both consumer mortgage borrowers and commercial real estate clients, supporting the full lifecycle of construction loans from budgeting to disbursements.

Business Wire
Mar 18th, 2026
Wally Mlynarski named Elavon CEO after Bank of America merchant services role

Wally Mlynarski has been appointed CEO of Elavon, a payments subsidiary of U.S. Bank that processes over $576 billion in transactions annually. He returns to the company after previously spending seven years in leadership roles including chief product officer. Mlynarski most recently led merchant services and receivables at Bank of America. In his new role, he will report to Mark Runkel, vice chair and head of Payments: Merchants and Institutional at U.S. Bank. Elavon delivers payment solutions to over two million customers across the United States, Europe and Canada, serving businesses from small enterprises to major global brands. The company is the trusted payments partner for eight of the top 10 global airlines and seven of the top 10 largest US hotel brands. Mlynarski succeeds Jamie Walker, who served as CEO since 2017.

Business Wire
Mar 17th, 2026
Alan Flanagan joins U.S. Bank as head of Global Investment Services

US Bank has appointed Alan Flanagan as head of Global Investment Services, overseeing Global Fund Services and Global Corporate Trust. He will lead teams providing solutions for alternative investments, mutual funds, exchange-traded products, collateralised loan obligations, structured finance and corporate trust services. Flanagan joins from BNY, where he spent nearly two decades in senior leadership roles across asset servicing, fund services and alternative investments. Most recently, he served as global head of client coverage for BNY's asset servicing division. He previously held positions at UBS, CIBC and KPMG. Based in New York, Flanagan will join the senior leadership team for US Bank's Wealth, Corporate, Commercial and Institutional Banking business line. He is a fellow of the Institute of Chartered Accountants, Ireland.

Surperformance
Mar 6th, 2026
U.S. Bank raises $5.7B in tax credit syndications for affordable housing and clean energy

U.S. Bancorp Impact Finance raised $5.7 billion in third-party capital through tax credit syndications in 2025, the highest annual total in the company's history. The investments came from 58 institutional investors across 109 transactions, financing affordable housing, renewable energy and economic development projects. The 2025 syndications financed 6,812 affordable housing units across 19 states, renewable energy generation capacity of 4.4 GW, battery storage capacity of 0.8 GW, and 129 economic development projects. U.S. Bancorp Impact Finance also surpassed $7 billion in tax credit transfers since 2023, reflecting growing demand for this investment vehicle introduced under the Inflation Reduction Act. Since inception, the company has raised $28 billion in federal tax credit capital from 183 investors across more than 400 funds.