Managing Director, Regulatory Reporting
TruistAbout the role
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Regular or Temporary:
RegularLanguage Fluency: English (Required)
Work Shift:
1st shift (United States of America)Please review the following job description:
Responsible for leading a robust and sustainable Regulatory Reporting Governance program across the Finance organization. Design, implement and execute governance programs and frameworks that guide, monitor and evaluate the design and effectiveness of internal controls over financial reporting, while ensuring compliance with risk and regulatory expectations. Effectively manage overall operational and compliance risk related to Regulatory Reporting. Support the reporting production teams in the accurate and timely preparation, review, production and distribution of external corporate and bank regulatory reports and data submissions, including reports distributed to or filed with the Federal Deposit Insurance Corporation (FDIC) and Federal Reserve Board (FRB). This position is an integral business partner with numerous first, second and third line of defense stakeholders to influence and drive adoption of related Regulatory Reporting strategies, policies, standards and control frameworks. The role evaluates established and emerging Regulatory Reporting practices and technologies to drive the team's direction, while implementing innovative processes and solutions to provide a competitive advantage while meeting rigorous control and oversight mandates.ESSENTIAL DUTIES AND RESPONSIBILITIES
Following is a summary of the essential functions for this job. Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.
1. Lead and manage a team charged with ensuring appropriate governance over regulatory reporting processes. Effectively collaborate, communicate, and provide expert advice on a broad range of highly complex regulatory reporting issues to various constituencies on a concurrent basis, including Executive Leadership, other members of the Senior Leadership Team, external auditors, and regulatory agencies. Provide expert counsel and advice on regulatory reporting matters to various standing committees and project teams. Prepare communications for Executive Leadership and external regulators, as applicable, related to matters concerning regulatory reporting. Provide oversight in the development of implementation strategies for complex and ever-changing regulatory reporting requirements.
2. Provide vision and leadership on governance strategies, improvements, and upgrades. Develop strategies to improve the efficiency and effectiveness of governance frameworks and ensure the appropriate level of embedded enforcement and accountability provisions. Lead the adaptation of complex high risk work programs and practice aids, establish methodologies, and set direction for policies and procedures.
3. Provide team leadership and vision and is responsible for long-term planning and performance of the team. Develop plans that impact the direction and resource allocation of the group, including business, project and/or organizational priorities. Proactively identify and resolve technical, operational, risk management, business, and organizational challenges, and establish long-term solutions for continuous improvement.
4. Provide subject matter expertise in the planning and execution of governance activities such as data management, issues management, change management, internal controls, risk assessment and prioritization, training, reporting and escalation.
5. Oversee the design and implementation of process changes and internal controls for new regulatory reporting requirements and monitor existing guidelines for regulatory reports to ensure that Truist remains in com
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