Director External Reporting

The Director of External Reporting in the banking sector is leadership position responsible for overseeing the preparation, accuracy, and timely filing of all external financial reports. This role ensures that the bank complies with regulatory requirements and reporting standards, such as those set by the Securities and Exchange Commission (SEC), Generally Accepted Accounting Principles (GAAP), and International Financial Reporting Standards (IFRS). The Director serves as a bridge between the bank’s finance department, executive leadership, auditors, and regulatory bodies.
Key Responsibilities
Financial Statement Preparation: Lead the preparation and review of quarterly and annual financial statements, ensuring compliance with applicable accounting standards and regulatory requirements.
Regulatory Filings: Oversee the preparation and submission of all required regulatory filings, such as 10-K, 10-Q, and other disclosures to the SEC and relevant banking authorities.
Internal Controls: Develop, implement, and monitor internal controls over financial reporting to safeguard the integrity of reported information and support successful audits.
Audit Coordination: Act as the primary liaison with external auditors, coordinating audit processes and addressing audit findings or recommendations.
Policy Development: Establish and update accounting policies and procedures to reflect changes in regulations and best practices.
Support the investor relations function, including the preparation of the supplemental financial tables that accompany the earnings release, the preparation of certain material supporting the investor presentation and the review and validation of all IR artifacts for accuracy and consistency with SEC filed materials. File appropriate items on Form 8-K.
Stakeholder Communication: Communicate complex financial reporting matters to executive leadership, board members, and other stakeholders in a clear and concise manner.
Team Leadership: Manage and mentor a team of reporting professionals, ensuring ongoing development and high performance.
Continuous Improvement: Identify and implement process improvements to enhance reporting efficiency, accuracy, and transparency.

Technical Expertise: In-depth knowledge of GAAP, IFRS, SEC regulations, and banking-specific regulatory requirements.
Analytical Skills: Strong analytical abilities to interpret complex financial data and identify trends or discrepancies.
Attention to Detail: Exceptional accuracy and thoroughness in reviewing financial documents and disclosures.
Leadership: Proven experience leading finance or reporting teams, with the ability to motivate and develop staff.
Communication: Excellent written and verbal communication skills for engaging with regulators, auditors, and executive leadership.
Project Management: Ability to manage multiple projects and deadlines in a fast-paced and highly regulated environment.
Integrity: High ethical standards and a commitment to confidentiality and compliance.
Typical Qualifications
Bachelor’s degree in Accounting, Finance, or a related field (Master’s degree preferred)
Certified Public Accountant (CPA) or equivalent professional certification strongly preferred
Extensive experience (typically 10+ years) in financial reporting, with a significant portion in the banking or financial services sector
Demonstrated track record of successful regulatory filings and audit coordination
The Director of External Reporting plays a vital role in maintaining the transparency, accuracy, and regulatory compliance of a bank’s public financial information. This position combines deep technical expertise, strategic leadership, and effective communication to ensure that the bank’s financial reporting meets the highest standards and supports the institution’s reputation and stakeholder trust.