Corporate Audit, Regulatory Reporting

Job Description

Who we are looking for

We are looking for a Regulatory Reporting Auditor, Officer to join our Finance Audit Team. The Regulatory Reporting area is comprised of global teams responsible for the governance and preparation of reports on weekly, monthly, quarterly and annual basis with highest level of accuracy as per the external deadlines. In this role, you will operate as part of dynamic and cross functional teams responsible for the execution of individual audit engagements. Working under the direction of the audit project lead, you will carry out a variety of responsibilities, which include: interfacing with business partners, executing control design assessments and operational effectiveness testing, developing audit test conclusions and drafting summary observations. You will also play a role in the onboarding and coaching of junior staff and support various departmental initiatives. This role is expected to be based out of Bangalore and may be performed in a hybrid model, with expectation to be in office 4 days per week.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability; regulators rely upon us to provide assurance that the bank operates in a manner that is compliant with key banking regulations to properly manage risks to the company and the global financial systems. In your role, you will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As a Regulatory Reporting Auditor, Officer you will:

• Perform audit work in line with the Division's risk-based methodology and the Institute of Internal Auditor's standards to identify and understand risk; identify key controls and objectives; and evaluate whether controls sufficiently address identified risks through the execution of various testing techniques.
• Obtain and analyze evidentiary data as a basis for drafting informed and objective opinions on the adequacy and effectives of controls under review.
• Draft audit issues that clearly outline the identified issue and underlying root cause.
• Review corrective actions taken by management to improve deficient conditions.
• Escalate potential issues / obstacles to audit management along with proposed solutions.
• Develop and maintain understanding of internal State Street products and how they are addressed by reporting requirements globally (with focus on US).
• Develop relationships with audit clients and business partners across the lines of defense.
• Contribute to change initiatives through active participation in working groups and adoption of practices in day-to-day responsibilities.
• Assist in the onboarding of audit staff.

What we value

These skills will help you succeed in this role:

• The ability to operate in a complex, non-routine and fast-paced environment that requires working independently and as part of a team.
• Ability to clearly demonstrate proficiency in evaluating business processes, identifying inherent risk and testing associated internal controls.
• A high degree of professionalism and proficient organizational, analytical, problem solving and project management skills.
• Excellent communication (written and verbal), interpersonal and presentation skills
• Proven ability to research, interpret and apply regulatory requirements.
• Fluency in English - written and spoken.

Education & Preferred Qualifications

• 10+ years of experience in Public Accounting, Internal Auditing, or first- or second-line Regulatory Reporting roles.
• Familiarity with regulatory reporting preparation is a requirement; key US banking reports (e.g., FRY- 9C, FR Y -15) is preferred.
• Bachelor's degree, preferable in finance, accounting or related field.
• Advanced degree or certification (CA, CPA, CIA) preferred.

Additional requirements

While majority of the time you will work from your primary location, some domestic and international travel may be required to a variety of locations where State Street operates.

Are you the right candidate? Yes

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. 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.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

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