AVP, Regulatory Reporting Quality Assurance - Synchrony
Kansas City, KS
About the Job
Job Description:
Role Summary/Purpose:
This role is an essential component of regulatory reporting quality assurance over the accuracy, completeness, and timeliness of Controllership regulatory report submissions that include but are not limited to, FR-Y-9C, FFIEC 031, FR Y-15, FR Y-14 and FR 2052a. The primary focus is to assist with the development and execution of strategies to monitor, test, and report on relevant regulatory reporting compliance risks. The position will involve frequent interaction with regulatory reporting process owners and stakeholder to promote report accuracy and process improvements that enhance the regulatory reporting control environment. As needed and applicable, the role will provide advice on requirement interpretations, control considerations, and issue resolution as well as assistance with regulator and audit interactions. The role will also contribute to or participate in Controllership Governance routines and initiatives focused on improving monitoring, testing, and reporting processes. The role reports to the VP, Regulatory Reporting Quality Assurance Manager.
_We're proud to offer you choice and flexibility. At Synchrony, our way of working allows you to have the option to work from home, near one of our Hubs or come into one of our offices. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events._
Essential Responsibilities:
+ Assist with the assessment of regulatory reporting compliance risks and with the development of risk-based monitoring and testing plans.
+ Performance and documentation of assigned regulatory report reviews.
+ Perform and document end-to-end regulatory process and transaction testing.
+ Research relevant banking, regulation, reporting, and operational topics.
+ In written and verbal communication, deliver clear and actionable review results and process feedback.
+ Ensure timely delivery of high-quality deliverables that include risk assessment, testing, and review workpapers; reports; and stakeholder presentations.
+ Help advise on regulatory reporting requirement interpretation and control environment considerations.
+ Assist the Regulatory Reporting team with regulatory exam preparation and related remediation efforts.
+ As appropriate, assist 2nd line Risk and Internal Audit with their evaluation of regulatory reporting matters.
+ Maintain the needed regulatory reporting process understanding, requirement knowledge, and awareness of regulator expectations.
+ As appropriate, contribute to broader Controllership Governance routines and initiatives focused on improving monitoring, testing, and reporting processes.
+ Operate with a risk based, solution oriented, and continuous improvement mindset.
+ Perform other duties and/or special projects as assigned
Qualifications/Requirements:
+ Bachelor's degree in Accounting or Finance. CPA or CA preferred.
+ Strong knowledge of regulatory reporting requirements, processes, and regulator expectations.
+ Minimum seven years accounting experience in the banking or financial services industry
+ Minimum five years banking industry regulatory reporting experience.
Desired Characteristics:
+ Experience with regulatory examinations.
+ Strong knowledge of CCAR (FR Y-15/ FR Y-14) and liquidity (FR 2052a) reporting requirements, processes, and regulatory expectations.
+ Excellent analytical and problem-solving skills.
+ Excellent communication skills - both oral and written
+ Ability to manage multiple projects/priorities and drive each to completion
+ Experience in automating/ simplifying financial processes or background in data management. (familiarity with SAS, power query and power BI or similar is a plus).
+ Strong Microsoft Office Skills
Grade/Level: 10
The salary range for this position is 75,000.00 - 130,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.
Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.
Salaries are adjusted according to market in CA, NY Metro and Seattle.
Eligibility Requirements:
+ You must be 18 years or older
+ You must have a high school diploma or equivalent
+ You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process
+ You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.
+ New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles. Once this new hire time in position requirement is met, the associate will have a minimum 6 months' time in position before they can post for future non-exempt roles. Employees, level 8 or greater, must have at least 18 months' time in position before they can post. All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don't meet the time in position or performance expectations).
Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Our Commitment:
When you join us, you'll be part of a diverse, inclusive culture where your skills, experience, and voice are not only heard-but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we're building a future where we can all belong, connect and turn ideals into action. Through the power of our 8 Diversity Networks+ (https://www.synchronycareers.com/our-culture/#diversity) , with more than 60% of our workforce engaged, you'll find community to connect with an opportunity to go beyond your passions.
This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status.
Reasonable Accommodation Notice:
+ Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.
+ If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627. Representatives are available from 8am - 5pm Monday to Friday, Central Standard Time
Job Family Group:
Finance
Role Summary/Purpose:
This role is an essential component of regulatory reporting quality assurance over the accuracy, completeness, and timeliness of Controllership regulatory report submissions that include but are not limited to, FR-Y-9C, FFIEC 031, FR Y-15, FR Y-14 and FR 2052a. The primary focus is to assist with the development and execution of strategies to monitor, test, and report on relevant regulatory reporting compliance risks. The position will involve frequent interaction with regulatory reporting process owners and stakeholder to promote report accuracy and process improvements that enhance the regulatory reporting control environment. As needed and applicable, the role will provide advice on requirement interpretations, control considerations, and issue resolution as well as assistance with regulator and audit interactions. The role will also contribute to or participate in Controllership Governance routines and initiatives focused on improving monitoring, testing, and reporting processes. The role reports to the VP, Regulatory Reporting Quality Assurance Manager.
_We're proud to offer you choice and flexibility. At Synchrony, our way of working allows you to have the option to work from home, near one of our Hubs or come into one of our offices. Occasionally you may be required to commute to our nearest office for in person engagement activities such as business or team meetings, training and culture events._
Essential Responsibilities:
+ Assist with the assessment of regulatory reporting compliance risks and with the development of risk-based monitoring and testing plans.
+ Performance and documentation of assigned regulatory report reviews.
+ Perform and document end-to-end regulatory process and transaction testing.
+ Research relevant banking, regulation, reporting, and operational topics.
+ In written and verbal communication, deliver clear and actionable review results and process feedback.
+ Ensure timely delivery of high-quality deliverables that include risk assessment, testing, and review workpapers; reports; and stakeholder presentations.
+ Help advise on regulatory reporting requirement interpretation and control environment considerations.
+ Assist the Regulatory Reporting team with regulatory exam preparation and related remediation efforts.
+ As appropriate, assist 2nd line Risk and Internal Audit with their evaluation of regulatory reporting matters.
+ Maintain the needed regulatory reporting process understanding, requirement knowledge, and awareness of regulator expectations.
+ As appropriate, contribute to broader Controllership Governance routines and initiatives focused on improving monitoring, testing, and reporting processes.
+ Operate with a risk based, solution oriented, and continuous improvement mindset.
+ Perform other duties and/or special projects as assigned
Qualifications/Requirements:
+ Bachelor's degree in Accounting or Finance. CPA or CA preferred.
+ Strong knowledge of regulatory reporting requirements, processes, and regulator expectations.
+ Minimum seven years accounting experience in the banking or financial services industry
+ Minimum five years banking industry regulatory reporting experience.
Desired Characteristics:
+ Experience with regulatory examinations.
+ Strong knowledge of CCAR (FR Y-15/ FR Y-14) and liquidity (FR 2052a) reporting requirements, processes, and regulatory expectations.
+ Excellent analytical and problem-solving skills.
+ Excellent communication skills - both oral and written
+ Ability to manage multiple projects/priorities and drive each to completion
+ Experience in automating/ simplifying financial processes or background in data management. (familiarity with SAS, power query and power BI or similar is a plus).
+ Strong Microsoft Office Skills
Grade/Level: 10
The salary range for this position is 75,000.00 - 130,000.00 USD Annual and is eligible for an annual bonus based on individual and company performance.
Actual compensation offered within the posted salary range will be based upon work experience, skill level or knowledge.
Salaries are adjusted according to market in CA, NY Metro and Seattle.
Eligibility Requirements:
+ You must be 18 years or older
+ You must have a high school diploma or equivalent
+ You must be willing to take a drug test, submit to a background investigation and submit fingerprints as part of the onboarding process
+ You must be able to satisfy the requirements of Section 19 of the Federal Deposit Insurance Act.
+ New hires (Level 4-7) must have 9 months of continuous service with the company before they are eligible to post on other roles. Once this new hire time in position requirement is met, the associate will have a minimum 6 months' time in position before they can post for future non-exempt roles. Employees, level 8 or greater, must have at least 18 months' time in position before they can post. All internal employees must consistently meet performance expectations and have approval from your manager to post (or the approval of your manager and HR if you don't meet the time in position or performance expectations).
Legal authorization to work in the U.S. is required. We will not sponsor individuals for employment visas, now or in the future, for this job opening. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.
Our Commitment:
When you join us, you'll be part of a diverse, inclusive culture where your skills, experience, and voice are not only heard-but valued. We celebrate the differences in all of us and believe that our individual, unique perspectives is what makes Synchrony truly a great place to work. Together, we're building a future where we can all belong, connect and turn ideals into action. Through the power of our 8 Diversity Networks+ (https://www.synchronycareers.com/our-culture/#diversity) , with more than 60% of our workforce engaged, you'll find community to connect with an opportunity to go beyond your passions.
This starts when you choose to apply for a role at Synchrony. We ensure all qualified applicants will receive consideration for employment without regard to age, race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or veteran status.
Reasonable Accommodation Notice:
+ Federal law requires employers to provide reasonable accommodation to qualified individuals with disabilities. Please tell us if you require a reasonable accommodation to apply for a job or to perform your job. Examples of reasonable accommodation include making a change to the application process or work procedures, providing documents in an alternate format, using a sign language interpreter, or using specialized equipment.
+ If you need special accommodations, please call our Career Support Line so that we can discuss your specific situation. We can be reached at 1-866-301-5627. Representatives are available from 8am - 5pm Monday to Friday, Central Standard Time
Job Family Group:
Finance
Source : Synchrony