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Regulatory Reporting Assurance, Sr.Associate, Assistant Manager

  • Full Time, Permanent
  • View on Map
  • State Street posted 2 months ago
  • Posted : April 22, 2021 -Accepting applications
  • View(s) 42

Job Detail

  • Gender No Preferences
  • Job Role Financial Analyst/ Associate/ Sr Associate
  • Career Level Qualified Professional - Experienced
  • Functional Area Accounts,Finance,Tax,Audit
  • Experience

  • Min (Experience) 7
  • Max (Experience) 9
  • Qualifications

  • Graduation Any Graduation
  • Post Graduation CACFACPA
  • Walk-In Details

  • Company Details

  • Company Name State Street
  • Company Details
    State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Job Description

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
  • 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

Job Requirements:

Education and Experience:

  • Bachelor’s Degree in Accounting, Chartered Accountant (CA) and/or Certified Public Accountant (CPA) with 7-9 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

Skills/ Knowledge:

  • 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

Required skills