Vice President - Regulatory Reporting Assurance - CA

ROLE SUMMARY

Looking for Qualified CA only

Regulatory Reporting Assurance (RRA) department as an independent, First Line of Defense control function within the Finance organization has a mission to:

- Provide credible challenge to management to drive compliance with regulatory and policy requirements

- Basel Reports Target Assurance Reviews and Basel control testing. In addition manage a team in India.

- 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

RESPONSIBILITIES:

- Build and continuously develop a dedicated team to achieve and sustain and an effective First Line of Defense function and best-in-class controls oversight framework

- Deliver annual risk-based plans to assess the effectiveness of the First Line of Defense, and serve as an increasing basis of reliance for the Third Line of Defense and the external auditors

- Serve as a subject matter expert to Controllership and stakeholders on internal controls and risk mitigation strategies

- Manage the team to deliver regulatory assurance program.

- Develop a deep understanding of the global business model, corporate functions activities, products, and processes to support a risk- based approach to controls oversight and monitoring

- 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 Basel regulatory requirements, best practices and expectations

- Identify and drive transformation efforts to further enhance the functionality of RRA as a first line of defense team

- Design and 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

- Review and provide feedback on deliverables

- Perform risk assessments to identify areas requiring detailed testing

- Lead and participate in reviews, including assessing the internal control environment, developing testing strategies and reviewing control and sample data testing

- Lead and 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