Role Description

The Regulatory Reporting Quality Assurance Director role is critical in ensuring the compliance with regulatory standards, maintaining data integrity, data accuracy and completeness for regulatory reports filed by SMBC. The Director will stay updated on evolving regulatory requirements pertaining to these reports, lead the team to implement a strategic control testing program, and continuously enhance control testing methodologies and procedures, to optimize testing efficiency and effectiveness.

Responsibilities

• Independent process validation Lead, specialized in Liquidity Reporting (including FR 2052a, Liquidity Coverage Ratio) Market Risk regulatory reporting (e.g., FFIEC 102), and CCAR (e.g., FR Y-14A)
• Responsible for development of annual validation plan, overseeing validations from transaction capture through regulatory reporting processes and assessing the internal control environment to focus on reporting accuracy and completeness, including the integrity of the underlying data
• Provide expert guidance on testing of processes and controls across the end-to-end lifecycle around regulatory report production; Provide guidance on reviewing the regulatory reporting data infrastructure including the end-to-end data process flow with lineage for critical data elements (CDEs), integrity of source systems data, and metadata repositories (including data dictionaries)
• Lead efforts for process/system enhancement initiatives required to meet internal audit and/or regulatory expectations; Identify and analyze issues for risk impact and facilitate the drafting of resolution recommendations within various functions to remediate risks
• Utilize comprehensive understanding of specific processes (global and regional) and regulatory requirements to identify opportunities and streamline validation exercises, including using different technologies (e.g., UIPath, Alteryx, PowerBI)
• Manage key relationships across the Finance organization, Internal Audit, and other divisions (incl. Risk and Data Management) with key constituency groups
• Support Firm responses to regulatory (e.g., FRB, DFS) queries where applicable to role, subject matter expertise
• Prepare and present clear and concise reports on testing results to senior management
• Lead the team on continuous monitoring, adjust testing plan/testing procedures as needed, potentially involved with pre-axiom implementation testing

Qualifications and Skills

• 15+ years of experience in Finance industry internal audit or public accounting
• Extensive knowledge/experience of process and control design, risk assessment, issue management
• Strong project management and team management
• Effective communications, both oral and written; experience in reviewing sensitive documents; ability to defend critical audit observations; ability to train staff in accordance with regulatory and company standards; good working knowledge of, and ability to train others in data and regulatory reporting matters
• CPA/CIA is preferred

Additional Requirements

D&I Commitment

Responsible for fostering a culture of diversity and inclusion, holding leaders accountable for creating an inclusive environment through awareness and practice of equity in recruiting, developing, and promoting diverse talent.