Lead Analyst - Financial Risk & Controls

Duties & Responsibilities

Lead Regulatory Reporting Controls Analyst will have the following responsibilities:

• Control Evaluation Performs fieldwork to evaluate the design and operating effectiveness for assigned controls.  Complete thorough documentation in accordance with departmental standards.  Evaluated the adequacy of deficiency remediation activities. Reviews other team members testing plans and test work, as appropriate. Perform transaction testing for data validation and Data quality checks to confirm validity and consistency of data attribute. Identifying high and moderate severity issues and logging them on issue management log and work towards the resolution.
• Remediation Assessment - Assist Regulatory Reporting Team over issues identified as part of Fed exam or Internal Audit assessments.
• Relationship Development - Builds and maintains influential relationships with multiple levels of management, internal auditors, regulators, and other internal controls assurance functions. Partner with wider Regulatory Reporting Team to establish guidance on Internal controls and repository buildup over Key Data Elements (KDEs) of different regulatory reports.
• Assist in establishing process and procedure documents to be utilized by Regulatory Reporting team, including process narratives for key regulatory filings (e.g. FR Y-9C, FFIEC 031 and FRY-14Q etc.)
• Review of regulatory filings for non-conformance with regulatory instructions
• Risk Mitigation - Investigates and manages key interdependencies that impact Regulatory Reporting risk. Advises manager on the appropriate resolution of identified deficiencies and provides insights that allows for revision to the annual plan.
• Project Management - Manages assigned work to ensure results meet identified timelines for the assigned portion of the annual plan. Participates in special projects and performs other duties as required.

Position Specific Skills

• In depth understanding of assigned regulatory reporting process impacting banks.
• Knowledge of Generally Accepted Accounting Principles (GAAP), SEC Rules, FRS, OCC, FDIC
• Ability to anticipate future risks and trends, and evaluate alternative strategies
• Ability to demonstrate courage and objectivity when communicating with executive and senior leadership when presenting complex issues, recommendations, and opinions

Experience Required

• Minimum 6 years performing audit work, which conforms to professional standards. Progressive experience in a combination of public accounting (Big 4 or large regional accounting firm) and/or internal audit experience with a background in financial services
• Strong / broad understanding of Regulatory (RAAP) instructions including FRY-14, FR Y-15, FRY-9C etc.
• Preferred Education and Certification
• Masters, CPA, CIA, and/or CA preferred