Regulatory Reporting Quality Assurance, Principal Associate

Description

If you’re looking for a fast paced, dynamic and innovative firm founded on a culture of diversity and inclusion that can provide you with a challenging role and long term career development opportunities then read on.

Company Profile :

Capital One is a diversified bank that offers a broad array of financial products and services to consumers, small business and commercial clients.

Ranked #91 on the Fortune 500, Capital One is one of the nation’s top 10 banks and has one of the most widely recognized brands in America.

You will be surrounded by intellectually curious professionals every day, all with the end goal of creating a seamless, well managed customer experience.

We nurture a work environment where people with a variety of thoughts, ideas and backgrounds, guided by our shared Values, come together to make Capital One a great company and a great place to work.

Team Profile :

The Regulatory Reporting Quality Assurance (RRQA) function is responsible for performing independent validation of regulatory reporting data integrity and the associated control environment.

Key roles and responsibilities entail leading and performing periodic reviews of data reported in the company’s regulatory filings, such as the FFIEC 031 Call Report , FR-Y-9C, FR 2052a, and FR Y-14 M and FR Y-14Q and FR Y-14A reports, among others, which may include substantive testing and review of control testing for the purposes of ensuring accuracy of reports submitted to regulators.

Substantive testing includes reviewing reported balances, products, and accounts to ensure accurate coding at source system and / or to verify against contract documents.

The Regulatory Reporting Quality Assurance team also monitors the overall control environment supporting key regulatory reporting filings and serves as advisors to identify opportunities to further strengthen the environment to meet regulatory expectations.

Key Job Responsibilities :

We are seeking a highly motivated professional to join the RRQA team as a Principal Associate who excels in a collaborative environment and will take ownership of their responsibilities.

This risk management position is focused on controls management and substantive testing of the company’s regulatory filings.

The Principal Associate would be a self-starter responsible for managing multiple priorities. Key responsibilities include :

Lead and responsible for overall execution of the RRQA program including milestones for risk assessment activities, substantive testing reviews, PLA engagement, control challenge, issue analysis / management, and governance reporting.

Direct team members through completion of substantive testing reviews and other routine and ad-hoc program activities.

Liaise between business process performers, risk offices, internal auditors and accountable executives to communicate identified risks or issues and recommended remediation actions to these stakeholders.

Engage and serve as primary point of contact in change forums to understand and advise on potential changes to reporting requirements or changes in business environment that may impact reporting.

Facilitate and coordinate team participation in process level assessments to strengthen the overall control environment over data used in Regulatory filings including participating in enterprise forums and adjusting team processes based on changes in enterprise requirements.

Perform and oversee quality assurance procedures, including, but not limited to, identifying and defining issues, reviewing and analyzing substantive evidence, documenting target area processes and procedures, challenging control testing, and recommending remediation.

Prepare routine and ad-hoc reporting detailing risks, control, and issue monitoring over the regulatory reporting environment for senior leadership and key stakeholders.

Analyze known issues, identify root cause, and recommend remediation actions through succinct, organized, and audience tailored communications

Develop a high level of knowledge around regulatory reporting compliance, risk management, and evolving industry and regulatory changes and understand the broader context of implication of regulatory reporting risks affecting the company

Other responsibilities as deemed necessary

Skills :

Strong written, communication, and presentation skills, including the ability to liaise with and influence senior subject matter experts

Leadership to drive results through others, work autonomously, and work within a team and to collaborate with peers and leadership to drive program results

Key lead program activities autonomously in accordance with schedule.

Organize and present data in a meaningful way, including analyzing and summarizing detailed information from various sources

Strong quantitative and qualitative analytical skills

Multi-task and adapt quickly to change

Create and manage detailed project plans including managing interdependencies

Effectively collaborate with technology to develop innovative solutions to drive process efficiencies and implement automation where possible

Creative problem solving and intuitive thinking used to make sound decisions and provide insights to stakeholders

Basic Qualifications :

Bachelor's Degree or related military experience

At least 3 years of experience in Internal Controls, Audit, or combination

Preferred Qualifications :

At least 4 years of Accounting, Finance, or audit experience within the financial services industry

At least 4 years of experience in Auditing and Control Evaluation

Knowledge of Regulatory Reporting filings such as the FFIEC 031 Call Report, FR Y-9C, FR Y-14A / M / Q, FR 2052a, among others.

Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), or equivalent certification

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being.

Learn more at theCapital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days.No agencies please. Capital One is an equal opportunity employer committed to diversity and inclusion in the workplace.

All qualified applicants will receive consideration for employment without regard to sex (including pregnancy, childbirth or related medical conditions), race, color, age, national origin, religion, disability, genetic information, marital status, sexual orientation, gender identity, gender reassignment, citizenship, immigration status, protected veteran status, or any other basis prohibited under applicable federal, state or local law.

• Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law;
• San Francisco, California Police Code Article 49, Sections 4901-4920; New York City’s Fair Chance Act; Philadelphia’s Fair Criminal Records Screening Act;

and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.