Assistant Regulatory Vice President Assistant Regulatory Vice President …

State Street Bank
in Charlotte, NC, United States
Permanent, Full time
Be the first to apply
Competitive
State Street Bank
in Charlotte, NC, United States
Permanent, Full time
Be the first to apply
Competitive
Assistant Regulatory Vice President
Regulatory Assurance, Assistant Vice President Charlotte, North Carolina/en-US/Global/job/Charlotte-North-Carolina/Regulatory-Assurance--Assistant-Vice-President_R-628359/apply

Summary

The Financial and Regulatory Assurance (FRA) department is a second line of defense group in the Controllers 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), BCBS 239 and Recovery and Resolution Planning (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, 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 companys 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 predicated on collaborative business partnerships

Key responsibilities:

  • Assisting with risk assessments to identify areas requiring detailed testing
  • Leading and participating in reviews, including assessing the internal control environment, developing testing strategies and reviewing 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 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 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 FRA as a second line of defense team
  • Providing day to day coaching and guidance to teammates

Qualifications

  • Bachelors Degree in accounting, finance or a related field
  • Audit, Risk or Compliance experience, preferably at a large financial institution
  • Chartered Accountant (CA) / Certified Public Accountant (CPA) / Certified Internal Auditor (CIA) / Chartered Financial Analyst (CFA) certification or candidate is a plus
  • Knowledge of banking products and services, especially loans, deposits, securities and derivatives
  • Deep understanding and appreciation of the internal control environment
  • Exceptional analytical and critical thinking abilities; ability 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
  • 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
Posted 12 Days AgoFull timeR-628359

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