Regulatory Reporting Analyst - NORAM/LATAM

Job Description

Stripe’s mission is to increase the GDP of the internet. We build the most powerful and flexible tools for running an internet business. We handle billions of dollars each year and enable millions of users around the world to scale faster and more efficiently by building their businesses on Stripe. Our business also exists within a highly regulated industry. We are licensed in several countries worldwide and each of those licences impose certain operational requirements on Stripe, including reporting key information to our regulators.

Stripe provides regulated payments and financial services products, and also has a number of regulated subsidiaries in North America (NORAM) and Latin America (LATAM). The Global Regulatory Reporting team owns and executes the process by which Stripe’s regulatory data is reported externally to regulators in support of our payments licences. In this role, you will support the Global Regulatory Reporting team by partnering with Legal, Compliance, Accounting, Business/Product and Data Analytics teams across Stripe to maintain Stripe’s regulatory reporting program. This includes understanding and documenting the applicable regulatory reporting requirements in the region, implementing systems and processes to comprehensively meet those requirements for each of Stripe’s NORAM and LATAM regulated entities, maintaining the end to end processes for the collation of data and production of reports, and continuously monitoring compliance to meet the expectations of Stripe’s regulators.

Stripe is both a technology company and a financial services company, and you will need to be comfortable straddling both of those worlds every day. The right person for the role will enjoy dealing with that puzzle, seeking creative solutions and moving quickly, often in the face of ambiguity.

You will:

Support the regulatory reporting program for Stripe in NORAM and LATAM and be accountable and responsible for the timely submission of in-scope reports for the regulated entities in the region and the program’s overall effectiveness Partner with regulatory legal and compliance teams to understand and document Stripe’s regulatory reporting requirements, ensuring that such requirements are actionable with Stripe’s existing data and engineering teams Be the 1st point of contact to address any queries from the data team and If needed, translate the scenarios to plain english before consulting Reg legal or Compliance team Help to implement and maintain the end-to-end processes around report creation and delivery in NORAM and LATAM Liaise with data teams to ensure the required data inputs for all reports are correct and that the underlying logic generating all reports is up to date and operating effectively Maintain quality control processes to ensure regulatory reports are accurate, meet the documented requirements, and are signed off as appropriate Analyse and explain the causes for major movements in trend when preparing the reports for internal reviewImplement systems necessary to create efficiencies in the regulatory reporting process, working closely with teams including, but not limited to, regulatory legal, accounting, data science, and engineering Maintain scalable mechanisms and controls for tracking compliance with regulatory reporting requirements in NORAM and LATAM and in line with the Global regulatory reporting team Support the global regulatory reporting team to document regulatory reporting controls, ensuring they are auditable Assist the global regulatory reporting team in the evaluation of the adequacy and effectiveness of regulatory reporting policies, procedures, and internal controls Consult with the global regulatory reporting team, business, product and functional teams to develop and manage an effective change management process when reporting requirements change due to internal and external factors. Produce periodic regulatory reporting program health reports for management/board of directors, including trend analysis and recommended strategies

Our ideal candidate will have:

Experience in leading the delivery of an ongoing program of regulatory reporting requirements in a financial services environment Understanding of compliance and regulatory (payments) obligations Familiarity in data analytics, and navigation of multiple data sources to produce cohesive and accurate regulatory reporting deliverables Experience reading, analysing and compiling financial reports, accounting statements, and financial regulatory transaction reports Experience with financial services, payments, e-money, or other money services business activities Demonstrated experience in complex cross-company projects and maintaining scalable programs The ability to quickly understand complex problems and exercise excellent judgement in helping find a well-balanced solution The ability to work efficiently and independently in a fast-paced, high-volume environment The ability to work cross-functionally with internal stakeholders An effective and relatable “culture of compliance” mentality To occasionally work beyond stipulated working hours, to coordinate with teams in different timezones

Nice to have: 

Experience in compliance operations, spanning a diverse set of regulatory compliance responsibilities Financial, accounting or technology degree Familiarity with SQL and ability to understand and create queries