Regulatory Reporting Assurance - Assistant Manager
State Street
- Bangalore, Karnataka
- Permanent
- Full-time
- 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.
- 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
- Review and provide feedback on deliverables
- Perform risk assessments to identify areas requiring detailed testing
- Lead and participate in reviews, including assessing the internal control environment, developing testing strategies and reviewing control and sample data testing
- Lead and 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
- Provide updates to management as needed
- 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
- Develop subject matter expertise in regulatory requirements, best practices and expectations
- Identify and drive transformation efforts to further enhance the functionality of RRA as a first line of defense team
- Provide day to day coaching and guidance to teammates
- Bachelor’s Degree in Accounting, Chartered Accountant (CA) and/or Certified Public Accountant (CPA) with 4-7 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
- Knowledge/work experience in IT General control testing and Data Analytics is a plus
- 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
- 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
- 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 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