Position Title

Regulatory Reporting QA Mgr

Location

Hicksville/102 Duffy Avenue/3797

Job Summary

Pay Range: Local Minimum Wage - $0.00 - $0.00

Job Responsibilities:

Pay Range: 117-193K

JOB SUMMARY

The Regulatory Reporting Quality Assurance Manager is responsible for managing and executing the Regulatory Reporting Quality Assurance Program thereby ensuring accuracy and completeness of the financial information filed within various Financial Regulatory Reports, including the FDIC Call Reports, FR Y-9C and FR 2900, etc., as well as compliance with financial regulatory guidelines. Performs periodic risk assessments, scoping exercises, and supervising and performing all aspects of testing. Performs internal control gap assessments and aligns recommendation with control remediation efforts, as applicable. Supervises workload of Regulatory Reporting Quality Assurance Analysts, and works closely the entire Enterprise Data Governance team to ensure efficiencies among testing, reporting and tracking data quality errors, remediation, and escalation of matters requiring attention, where applicable.

ESSENTIAL FUNCTIONS

• Annually, performs a Financial Regulatory Reporting Risk Assessment based on the type of assessment, scope, regulatory reports required for review, and Bank product line and communicate results to Executive and Senior Management.
• Periodically reviews and revises the Financial Regulatory Reporting Risk Assessment Methodology based on the control owner interviews and a walk-through of the function.
• Prepares and documents annual regulatory reporting testing plan, including sample sizes, test schedules and regulatory reporting line items.
• Based on the risk assessment results, oversees and performs periodic transaction level testing over various financial Regulatory Reports, including the FDIC Call Reports, FR Y-9C and FR 2900, etc., to ensure compliance with instructions, rules and regulations; including end-to-end transaction level testing across all Schedules and by tracing transactions back to source systems and documents.
• Monitor and oversee periodic reviews and validation of the Financial Regulatory Reporting control environment, standards enforcement and training program. (Reliance can be placed on evaluations performed by other oversight functions, where applicable.)
• Oversees and updates the Financial Regulatory Reporting Quality Assurance program, procedures, guidelines (“QA Plan”).
• Oversees and maintains test documentation in accordance with departmental procedures and for review by Internal Audit and Examiners. 
• Oversees and identifies internal control gaps in business processes or systems relating to internal controls over regulatory reporting, and makes determinations and/or recommendations to enhance internal controls and to achieve better process efficiencies.
• Prepares recommendations to control owners concerning the strengthening of internal controls, remediation efforts and documentation.
• Supervises daily activities and workload of Regulatory Reporting Quality Assurance Analysts, and manages program progress, results, and reporting activities.
• Liaises with control owners, auditors and regulatory agencies where applicable.

• Remains current on regulations, procedures and practices pertinent to internal controls, Internal Auditor Standards (IIA Standards), and various financial regulatory reporting guidelines (i.e., FFIEC, FDIC, and FRB).
• Mentors, develops, and oversees Regulatory Reporting Quality Assurance Analysts to ensure standard industry best practice approaches to quality assurance are applied consistently as prescribed by data quality standards.

ADDITIONAL COMMENTS

• Performs special projects and additional duties and responsibilities as required.
• Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.

QUALIFICATIONS:

Education and experience:

• Bachelor’s degree in Accounting, Finance, Business Administration, or equivalent work experience.
• Five (5) to seven (7) years of experience in accounting, financial reporting, data or regulatory reporting quality assurance.
• Experience with examinations and/or audit in a banking or lending environment.
• CPA, CIA or CFSA preferred.

Knowledge, skills and abilities:

• Knowledge of quality assurance and IIA Standards.
• Knowledge of financial regulatory reporting guidelines (FFIEC,