The Financial and Regulatory Assurance group is a second line of defense group 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, CCAR and RRP, 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 and compliance with relevant regulations 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 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.
Key responsibilities :
Assisting with risk assessments to identify areas requiring detailed testing
Leading and participating in QA reviews, including assessing the internal control environment by conducting walkthroughs, developing testing strategies and performing control and sample data testing
Drafting recommendations and liaising with the business units to remediate risks, findings and gaps identified during the validation process
Participate in discussions with process and control owners to assess inherent risks, identify controls and control gaps, by conducting walkthroughs
Challenge, assess and detail test the design and operating effectiveness of key controls
Identify, document and maintain evidence supporting process and controls objectives
Assist in the identification and risk assessment of issues and suggest control improvements to remediate exceptions identified;
work with management to track issues to resolution
Provide updates to management as needed
Engage key business partners to facilitate completion of assigned deliverables and explain results
Cultivating relationships across the Finance organization with key constituency groups, such as Regulatory Reporting, Product Controllers, Operations, Treasury, Technology and Risk
Develop subject matter expertise in regulatory requirements, best practices and expectations
Identify and drive transformation efforts to continue to enhance the functionality of the Regulatory Assurance Program
Providing day to day coaching and guidance to teammates
Bachelors’ degree in accounting, finance or a related field
ACCA, CIA, CFA certifications will be an advantage
Min. 7 / 8 years of Audit, Risk or Compliance experience, preferably at a large financial institution
Strong knowledge of banking products and services, especially loans, deposits, securities and derivatives
Strong understanding of current accounting and regulatory reporting principles and policies
Strong understanding and appreciation of the internal control environment.
Must be proactive and goal oriented strategic thinker, with ability to identify creative solutions
Staying current with evolving industry and regulatory changes and analyzing impact to external reporting process and compliance.
Exceptional analytical and critical thinking abilities; able to develop and convey a point of view
Strong interpersonal, oral and written communication skills; ability to effectively challenge and influence
Strong attention to detail and accuracy
Ability to multi-task and take on a challenging workload and assignments
Strong team building, planning and project management skills driven by process improvements required