Regulatory Reporting Assurance Specialist
2 weeks ago
Job Summary:
The Regulatory Reporting Assurance department at State Street is a management assurance team within the Controller's Organization within Corporate Finance. Our team is responsible for the independent verification of controls and processes over global regulatory reporting. This includes Liquidity reporting, Basel, Comprehensive Capital Analysis and Review (CCAR), and areas of high risk and enhanced regulatory focus.
Key Responsibilities:
- Build and develop a dedicated team to achieve and sustain an effective assurance function and best-in-class controls and substantive testing program.
- Design and deliver annual risk-based plans to assess the effectiveness of the First Line of Defense.
- Develop and communicate opinions on the effectiveness of First Line of Defense activities, escalating issues as appropriate.
- Serve as a subject matter expert to the organization on controls, substantive testing, and risk mitigation strategies.
- Drive activities and reviews to meet regulatory requirements for a management assurance function.
Requirements:
- Bachelor's Degree in Accounting, Chartered Accountant (CA), and/or Certified Public Accountant (CPA) with 14-15 years of progressive auditing experience in the financial services industry.
- 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.
Skills and Knowledge:
- Strong knowledge of Liquidity reporting, including FR 2052a, NSFR, and other key regulatory reports submitted to the FRB and European regulators.
- Deep understanding and appreciation of the internal control environment.
- Auditing skills and experience in the review and interpretation of regulatory requirements.
About State Street:
State Street is a global leader in financial services, providing investment management and financial services to institutional clients. Our mission is to help our clients achieve their goals, and we are committed to excellence in everything we do.
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