Regulatory Reporting Quality Assurance Job Description
Regulatory reporting quality assurance
provides support to the TDS US Federal Reserve Bank regulatory reporting lead on the implementation of the IHC Regulatory Reporting.
Regulatory Reporting Quality Assurance Duties & Responsibilities
To write an effective regulatory reporting quality assurance job description, begin by listing detailed duties, responsibilities and expectations. We have included regulatory reporting quality assurance job description templates that you can modify and use.
Sample responsibilities for this position include:
Review the key attributes of the NY branch and non-banking subsidiaries' customer information that has impact on regulatory reporting and assist to identify data information appropriateness
Perform manual data adjustments into regulatory reporting systems
Lead the US Regulatory Reporting Quality Assurance Team (comprising of 4 team members)
Evaluating identified issues for their impact on regulatory reporting, escalating these issues to senior management
Lead the planning, design, establishment and execution of a quality assurance program and risk assessment framework for the regulatory reporting of Mizuho’s U.S. entities, including banking entities, broker-dealer, swap-house, leasing and other subsidiaries
Maintain validation and testing processes for the completeness and accuracy of regulatory reports, in accordance with regulatory reporting instructions, guidance, expectations, and industry best practices
Design, conduct and maintain a regulatory reporting training program within the organization and gain buy-in from relevant stakeholders
Interact with various business areas for potential enhancements to the regulatory reporting process
Maintain up-to-date knowledge of financial and regulatory reporting requirements and provide suggestions for updates
Assist in the planning, design, establishment and execution of a quality assurance program and risk assessment framework for the regulatory reporting of Mizuho’s U.S. entities, including banking entities, broker-dealer, swap-house, leasing and other subsidiaries
Regulatory Reporting Quality Assurance Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Regulatory Reporting Quality Assurance
List any licenses or certifications required by the position: CPA
Education for Regulatory Reporting Quality Assurance
Typically a job would require a certain level of education.
Employers hiring for the regulatory reporting quality assurance job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Finance, Accounting, Economics, Business, Business/Management, Financial Services, Statistics, Science, Technical, Graduate
Skills for Regulatory Reporting Quality Assurance
Desired skills for regulatory reporting quality assurance include:
US GAAP
Regulatory reporting
Regulatory reporting and US GAAP
Banking regulatory reporting rules and regulations
Key regulatory requirements pertinent to the financial services industry
Sarbanes Oxley
Finance
Financial accounting
Financial and regulatory reporting requirements and provide suggestions for updates
Risk management
Desired experience for regulatory reporting quality assurance includes:
Analyzing identified issues for their impact on capital and other upstream and downstream processes or systems, escalating these issues
Microsoft Office/Suite proficient (Excel, PowerPoint)
Analysing identified issues for their impact on capital and other upstream and downstream processes or systems, communicating and escalating observations
Review products and transactions to ensure accurate coding at source system and verify them against contract documents
Assist in preparation for various meetings
The candidate must be an experienced professional who possess strong auditing skills, good knowledge of the Asset Management business, financial instruments and products, and a strong understanding of internal control and support systems within a financial institution
Regulatory Reporting Quality Assurance Examples
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Regulatory Reporting Quality Assurance Job Description
Job Description Example
Our growing company is looking to fill the role of regulatory reporting quality assurance. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for regulatory reporting quality assurance
- Assist in designing, delivering and maintaining a regulatory reporting training program within the organization and gain buy-in from relevant stakeholders
- Gaining an in depth understanding of various regulatory reporting obligations
- Updating process and procedure documents utilized by QA, Regulatory Reporting, and management team, including process narratives for key regulatory filings
- Support the Team Lead to perform independent risk incident review, independent closure verification of external/ internal audit findings and to support ad hoc risk management request
- You will review regulatory reporting requirements and internal processes established to meet those requirements, including ensuring comprehension of underlying products, accounting concepts, data elements, and data flow
- You will lead and perform end-to-end transaction testing (from point of origin to reporting) to ensure data accuracy, data integrity, completeness, and conformance with regulatory reporting instructions
- Develop and maintain strong relationships within Finance and other areas of Bank globally to build an understanding of the end-to-end control environments
- You will analyze data used for regulatory reporting
- You will perform end-to-end transaction testing (from point of origin to reporting) to ensure data accuracy, data integrity, completeness, and conformance with regulatory reporting instructions
- Monitor the preparation and filling of regulatory reports in accordance with the policy and the risk assessment framework
Qualifications for regulatory reporting quality assurance
- Ensure quality assurance reviews are planned, organized and managed appropriately
- Minimum of 7 years' relevant working experience is required
- Operate independently of the day-to-day regulatory report preparation process
- Experience in managing staff members
- Analysing identified issues for their impact on capital and other upstream and downstream processes or systems, escalating these issues
- This candidate will participate in audit type reviews of financial regulatory reports to ensure they are in compliance with the regulatory organization rules and regulations
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Regulatory Reporting Quality Assurance Job Description
Job Description Example
Our innovative and growing company is hiring for a regulatory reporting quality assurance. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for regulatory reporting quality assurance
- Review regulatory reporting requirements and internal processes established to meet those requirements, including ensuring comprehension of underlying products, accounting concepts, data elements, and data flow
- Lead and perform end-to-end transaction testing (from point of origin to reporting) to ensure data accuracy, data integrity, completeness, and conformance with regulatory reporting instructions
- Design and execute Quality Assurance Reviews across source systems and reporting streams
- Complete risk-based scenario testing for upstream source systems and trading scenarios
- Reporting of findings and recommend improvements to the existing processes
- Perform analysis in conjunction with IT and change teams to identify cause of any issues
- Raise items to change management and IT for remediation
- Deliver a detailed Quality Assurance Review document with noted actions and remediation points
- Communicate results, analysis of themes and recommended changes to senior management
- Build key relationships across business, compliance, change management, internal audit and IT functions
Qualifications for regulatory reporting quality assurance
- Self-motivated and willingness to take ownership of a project
- Bachelor's degree required in accounting, business or business field
- CPA or Chartered Accountant, or equivalent, is strongly preferred
- Public accounting experience including banking industry experience is a plus
- Minimum 7 years relevant experience in a position of increasing responsibility, including a minimum of 5 years banking/financial services experience
- Strong experience in program management with excellent organizational and problem-solving skills
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Regulatory Reporting Quality Assurance Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of regulatory reporting quality assurance. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for regulatory reporting quality assurance
- Detailed knowledge of key regulatory requirements pertinent to the financial services industry
- Work with key partners to obtain transaction level data from source systems, reconciling the data back to the report(s) being tested, and identifying modifications to the data, if any
- Develop and apply logic to test relationships in transaction level data and reporting requirements, as applicable, and review data attributes to confirm they meet the parameters prescribed for the data element
- Updating procedure documents to reflect processes executed, including operating manuals and transaction testing summaries
- Compile and organize QA finding report and annual report
- Partner with colleagues across functions and lead project effectively across geographical boundaries
- Analyze and assess existing processes in identifying actions required to comply
- Write documents for presentation to senior management and lead management updates & meetings
- Regular engagement with Operations stakeholders, Compliance, Internal Audit and Technology for ongoing QA review and to define and re-design testing models to achieve effectiveness
- Provide regular update to the Global and Regional Governance Committee members
Qualifications for regulatory reporting quality assurance
- Minimum 5-7 years relevant experience in a position of increasing responsibility
- Financial reporting or internal audit experience is strongly preferred
- Prior experience in an audit function
- You will have the opportunity to draft recommendations and liaise with the business units to remediate risks, findings and gaps identified during the validation process
- You will have the ability to organize and present data in a significant way, including assessing and summarizing detailed information from various sources
- Do you have prior audit or banking experience?
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Regulatory Reporting Quality Assurance Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of regulatory reporting quality assurance. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for regulatory reporting quality assurance
- Work within the QA team to assist in the execution of the annual regulatory reporting QA review plan
- Perform regulatory reporting QA reviews in accordance with the QA framework standards
- Draft regulatory reporting QA issues (as they arise) that document the control deficiency or report inaccuracy, root cause, and regulatory impact
- Perform independent analysis on decisions made by Disclosure of Interest (DOI) and/or Personal Account Dealing (PAD) team and ensuring controls/standards are met
- Consider regulatory requirements and departmental resources to identify alternatives that are practical and appropriate, in addition to effective
- Cross training across the Quality Assurance team is expected
- Identify opportunities for improvement and drive the implementation of initiatives and process changes with a focus on innovation
- Execute annual risk assessments in collaboration with internal partners and develop test plans
- You'll develop report specific testing methodology based on analysis of source system raw data, as necessary
- Maintain electronic work papers, process flows, operating manuals and other relevant process documents to ensure transparency and meet internal Policy requirements
Qualifications for regulatory reporting quality assurance
- Do you have an experience with testing and proposing remediation plans?
- Ability to work within tight delivery timeframes and multi-tasking
- Investment banking product knowledge is preferred
- Minimum 4 years of relevant experience in compliance, operations, financial product or audit experience in a combined business, operations and technology environment within the Financial Services industry
- Experience in DOI and/or PAD will be preferred
- General understanding of the financial markets, specific equities and derivatives knowledge
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Regulatory Reporting Quality Assurance Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of regulatory reporting quality assurance. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for regulatory reporting quality assurance
- Perform end-to-end transaction testing (from point of origin to reporting) to ensure data accuracy, data integrity, completeness, and conformance with regulatory reporting instructions
- Engaging with Centralized Regulatory Reporting, Corporate Audit, Global Compliance and Operational Risk, Front Line Units and others to create an effective and robust transaction review program
- Document findings in transaction testing memos, executive summaries, and committee reports
- You act as a liaison to other teams to ensure accurate and timely remediation of findings
- You will execute annual risk assessments in collaboration with internal partners
- You will maintain electronic work papers, process flows, operating manuals and other relevant process documents to ensure transparency and meet internal Policy requirements
- You will document findings in transaction testing memos
- Act as German/EMEA product owner and engage stakeholders from Operations, Compliance and other Control Officers
- Developing a scalable and reusable QA framework to simplify & automate testing of regulatory reports and to maximize test coverage
- Understanding applicable regulations for regulatory reports and ensuring that QA processes validate conformance to regulatory requirements and prescribed edit checks
Qualifications for regulatory reporting quality assurance
- Ability to multi-task and meet deadlines in high-pressure environment while maintaining quality work
- Exceptional research and analytical skills with the ability to analyze and summarize large amounts of data
- Proficiency in MS Office(Outlook/Word/Excel/PowerPoint), documentation and metrics
- A proven ability to critically assess, prioritizes tasks, and delivers meaningful results in a fast-paced environment
- Basic knowledge of operational processes including best practices, current and anticipated regulatory requirements, Back Office processes, and the end-to-end workflows among the Front and Back Offices
- Experience with SWIFT EFT