Regulatory Reporting QA Associate

Regulatory Reporting Quality Assurance (RRQA) performs independent risk-based reviews to assess the integrity of U.S. Regulatory report filings and their underlying transaction-level data.

The RRQA Associate will contribute to the success of quarterly assessments, supporting planning, testing execution, and reporting. Assessments will be focused on a variety of U.S. Regulatory reports (e.g., FR Y-9C-Consolidated Financial Statements for Holding Companies; FR 2052a- Complex Institution Liquidity Monitoring Report) and key products (e.g., loans, deposits, derivatives, securities). The Associate will also assist with continuous monitoring activities and perform validation of completed issue remediation actions. The RRQA Associate will take direction from Testing Leads and work in a collaborative team environment with significant opportunities to grow skills, obtain regulatory report and product knowledge, and lead work segments.

In RRQA we value continuous learning and development, requiring our team members to complete continuing professional education and encouraging further learning by providing a variety of learning opportunities.

• Review and understand business processes and workflows that contribute to regulatory report production, including inputs (e.g., data sourcing), outputs (e.g., report line-items, schedules), and internal controls (e.g. reconciliation, variance analysis, manual adjustment review).
• Support assessment planning, scoping, and sampling by identifying risks from analysis of reported values, variances, and transaction-level data, and from performance and documentation of process and control walkthroughs.
• Evaluate internal controls for design and operating effectiveness, and transaction-level data for accuracy and proper classification in accordance with regulatory report instructions.
• Maintain RRQA's high standards for workpaper documentation-including testing procedures, assumptions, conclusions, issues, and root causes-to support RRQA's assessment conclusions and ongoing monitoring.
• Perform follow-up testing to validate the sufficiency and appropriateness of activities performed to remediate RRQA-identified issues.

• Bachelor's or higher degree in business with a concentration in Accounting, Finance, Business Analytics, or similar field.
• 2 or more years of experience in an audit role (internal audit or public accounting) or internal control assessment role with knowledge of auditing standards and procedures.
• Strong oral and written communication skills

• Familiarity with financial and/or regulatory reporting processes, related data processes (e.g., capture, sourcing, staging, transformation, and consumption), and data quality concepts (e.g., key data, data accuracy and completeness).
• Familiarity with banking regulations and products are a plus.