Team Lead, Controllers, Regulatory Reporting Assurance Job Vacancy in State Street Bengaluru, Karnataka – Latest Jobs in Bengaluru, Karnataka

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Company Name : State Street
Location : Bengaluru, Karnataka
Position : Team Lead, Controllers, Regulatory Reporting Assurance

Job Description : Basic Purpose of Job:
The Financial and Regulatory Assurance (FRA) department is a assurance function in the Controller’s Organization within Corporate Finance. The Regulatory Assurance team is responsible for the independent verification of controls and processes over global regulatory reporting, including Basel, Comprehensive Capital Analysis and Review (CCAR) and Recovery and Resolution Planning (RRP), and areas of high risk and enhanced regulatory focus. The primary focus of the team is the review and assessment of the quality of information pertaining to reporting, compliance with relevant regulations and the assessment of relevant risk management programs. The team works closely with other functions across Finance, Global Treasury, Risk Management and Business Units, as well as other assurance functions. This is an opportunity to join a growing group and actively participate in its development and maturity, to learn about key current regulatory requirements and gain an understanding of all areas of the company’s business
FRA has a mission to:
Provide credible challenge to management to drive compliance with regulatory and policy requirements
Support executive management and the board by reporting on the effectiveness of key financial and regulatory processes
Advise in the proactive identification of operational and compliance risks and effective mitigation strategies through effective business partnership
Offer risk and control insights to improve business results predicated on collaborative business partnerships
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
Assist in the performance of risk assessments to identify areas requiring detailed testing
Participate in reviews, including assessing the internal control environment, developing testing strategies and reviewing control and sample data testing
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
Assist in 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 FRA as a second line of defense team
Provide day to day coaching and guidance to teammates
Job Requirements:
Education and Experience:
Bachelor’s Degree in Accounting, Masters in Finance (MBA/PGDBM), Chartered Accountant (CA) and/or Certified Public Accountant (CPA) with 3-7 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 Basel, BCBS (239), FRB regulations and/or 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 abiliites; 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.

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