Financial and Regulatory Assurance, FR 2052a - Assistant Vice President 2

Basic Purpose of Job:

The Financial and Regulatory Assurance (FRA) department is a management assurance team in the Controller’s Organization within Corporate Finance. The Regulatory Assurance team is responsible for the independent verification of controls and processes over global regulatory reporting, including Basel, Comprehensive Capital Analysis and Review (CCAR), and areas of high risk and enhanced regulatory focus. The primary focus of the team is the review and assessment of the quality of information pertaining to reporting, conformance to regulatory instructions, and the assessment of relevant risk management programs. The team works closely with other functions across Finance, Global Treasury, Risk Management and Business Units, as well as other assurance functions. This is an opportunity to join a transforming group and actively participate in its development and maturity, to learn about key regulatory requirements and gain an understanding of all areas of the company’s business.

FRA has a mission to:

• Provide credible challenge to management to drive compliance with regulatory and policy requirements
• Support executive management and the board by reporting on the effectiveness of key financial and regulatory processes
• Advise in the proactive identification of operational and compliance risks and effective mitigation strategies through effective business partnership
• Offer risk and control insights to improve business results that are predicated on collaborative business partnerships

• Build and continuously develop a dedicated team to achieve and sustain an effective assurance function and  best-in-class controls and substantive testing program
• Design and deliver annual risk-based plans to assess the effectiveness of the First Line of Defense, and serve as an increasing  basis of reliance for the Third Line of Defense and the external auditors
• Develop and communicate opinions in the effectiveness of First Line of Defense activities,  escalating issues as appropriate
• Serve as a subject matter expert to the organization on controls, substantive testing, and risk mitigation strategies
• Drive activities and reviews to meet regulatory requirements for a management assurance function
• Execute a framework to test if the internal systems supporting compliance with regulatory requirements and expectations are properly designed, documented and implemented and include appropriate governance and data quality controls
• Lead the identification and risk assessment of issues; draft recommendations and liaise with business units to remediate risks, findings and gaps identified during the validation process; work with management to track issues to resolution
• Engage key business partners to facilitate completion of assigned deliverables and explain results
• Cultivate relationships across the Finance organization and Corporation with key constituency groups, such as Regulatory Reporting, Product Controllers, Operations, Treasury, Technology and Risk
• Manage the local team: review and provide feedback on team deliverables; recruit, retain and develop indivdiuals
• Identify and drive transformation efforts to further enhance the functionality of FRA as a management assurance team
• Use appropriate data analytic and statistical tools and techniques to analyze a variety of data sources; use technology to help drive enhancement in assurance review testing and reporting workflow
• Develop internal partnerships to provide opportunities for more efficient solutions to various data, systems, and applications issues
• Develop subject matter expertise in regulatory requirements, best practices and expectations

• Bachelor’s Degree in Accounting, Chartered Accountant (CA) and/or Certified Public Accountant (CPA) 10-12 years of progressive auditing experience; preferably financial services and/or Big 4 
• Certified Internal Auditor (CIA) / Chartered Financial Analyst (CFA) certification or candidate is a plus
• Familiarity with FRB regulations and SEC requirements associated with the Financial Services Industry
• Experience with building analysis solutions and using analytics / BI packages desirable (e.g. Tableau, ACL, Business Objects, SAS, MicroStrategy, Spotfire, QlikView)
   

• Deep understanding and appreciation of the internal control environment
• Knowledge of banking products and services, especially loans, deposits, securities and derivatives
• Auditing skills and experience in the review and interpretation of regulatory requirements
• Knowledge of the key regulatory reports submitted to the FRB and European regulators (included but not limited to the FR Y-14Q, FR Y-14A, FR Y-9C, FR Y-15, FR 2052a, FFIEC 101, FFIEC 102, FFIEC 031,FINREP, COREP etc.)
• Exceptional analytical and critical thinking abilities; able to develop and convey a point of view
• Strong oral and written communication skills; ability to effectively challenge and influence
• Demonstrated leadership capabilities with solid interpersonal skills and the ability to work collaboratively across all organizational tiers.  A strong customer service mindset is a must
• Proactive and a goal oriented strategic thinker with ability to identify creative solutions
• Demonstrated ability to manage workloads and prioritize deliverables; ability to be flexible
• Strong attention to detail and accuracy
• Ability to multi-task and take on a challenging workload and assignments
• Ability to be proactive with minimal direction, ability to work independently and meet deadlines
• Ability to thrive in a team environment, working collaboratively with others
• Inquisitive and curious about business and functions, strong desire to learn
• High energy and positive attitude
• Professionalism, dependability, integrity and trustworthiness combined with a cooperative attitude

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