Regulatory Reporting Assurance - Team Lead

• Basic Purpose of Job:

The Regulatory Reporting Assurance (RRA) department is a first line of defense group in the Controller’s Organization within Corporate Finance. The RRA Basel team is responsible for the independent verification of controls and processes over global regulatory reporting, 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, compliance with relevant regulations and the assessment of relevant risk management programs. The team works closely with other functions across Finance, Regulatory Reporting Governance, Risk Management and Business Units, as well as other assurance functions. This is an opportunity to join a growing group and actively participate in its development and maturity, to learn about key current regulatory requirements and gain an understanding of all areas of the company’s business

RRA 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 predicated on collaborative business partnerships

Key Responsibilities:

• 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
• Perform risk assessments to identify areas requiring detailed testing
• Participate in reviews, including assessing the internal control environment, developing testing strategies and reviewing control and sample data testing
• Participate in discussions with process and control owners to assess inherent risks, identify controls and  control gaps, by conducting walkthroughs
• Challenge, assess, detail test the design and operating effectiveness of controls
• Identify,  document and maintain evidence supporting process and controls objectives. Lead the identification and risk assessment of issues and work with management to track issues to resolution
• Draft recommendations and liaise with the business units to remediate risks, findings and gaps identified during the validation process
• Facilitate completion of assigned deliverables and explain results

Job Requirements:

Education and Experience:

• Bachelor’s Degree in Accounting, Chartered Accountant (CA) and/or Certified Public Accountant (CPA) or MBA, with 4-6 years of progressive auditing/regulatory experience; preferably financial services and/or Big 4 
• Certified Internal Auditor (CIA) / Chartered Financial Analyst (CFA) certification or candidate is a plus
• Familiarity with Basel, FRB regulations and SEC requirements associated with the Financial Services Industry
• Knowledge/work experience on control testing and Data flows is a  plus

Skills/ Knowledge:

• Understanding of the internal control environment
• Knowledge of US Basel regulations and US regulatory reports like FFIEC 101, FFIEC 102, FFIEC 031, Pillar 3 disclosures, FR Y 9C, FR Y 14Q, FR Y 9C, etc.
• Knowledge of banking products and services, especially loans, deposits, securities and derivatives
• Auditing skills and experience in the review and interpretation of regulatory requirements
• Strong oral and written communication skills; ability to effectively challenge and influence
• Demonstrated solid interpersonal skills and the ability to work collaboratively across all organizational tiers.  A strong customer service mindset is a must
• Must be 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 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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