Role DescriptionRegulatory Reporting Quality Assurance (RRQA), within SMBC's Finance Control Oversight (FCO) function, conducts independent risk-based assessments of U.S. regulatory reporting processes to evaluate reporting accuracy, completeness, conformance with regulatory requirements, and effectiveness of related controls.
The RRQA VP applies significant regulatory reporting expertise in a senior assessment role, responsible for leading complex testing activities and training Associates. The VP works under the supervision of the Director (assessment owner) and plays a critical role in the execution of RRQA assessments-covering internal control effectiveness, reporting logic conformance, and accuracy of underlying transaction-level data.
The RRQA VP will lead key segments of quarterly assessments, manage planning and scoping for high-risk areas, and oversee execution of testing procedures.
The role is also responsible for continuous risk monitoring, issue validation, and contributing to methodology enhancements.
The position requires advanced knowledge of U.S. regulatory reports and financial products, leadership in testing execution, and the ability to influence stakeholders across Finance, Risk, and Operations.
The VP is expected to demonstrate strong analytical, critical thinking, and communication skills, regulatory reporting expertise, and leadership capabilities.
Role Objectives: Delivery- Lead Testing Execution: Own complex testing workstreams, including risk identification, sampling, and evaluation of internal control effectiveness and transaction-level data accuracy.
- Assessment Planning: Collaborate with RRQA Directors to define scope, risk prioritization, and sampling strategies for assessments.
- Workpaper Quality: Ensure documentation meets FCO Standards, including clear articulation of procedures, assumptions, conclusions, and root cause analysis to support assessment conclusions.
- Issue Validation: Oversee follow-up testing for remediation validation and provide recommendations for sustainable control improvements.
- Stakeholder Engagement: Communicate findings and recommendations to senior stakeholders, influencing remediation strategies and control enhancements.
- Mentorship: Coach Associates on testing techniques, documentation standards, and regulatory reporting concepts.
- Continuous Improvement: Contribute to RRQA methodology development, automation initiatives, and best practices for testing efficiency.
Qualifications and Skills- Bachelor's degree in Accounting, Finance, Business Analytics, or related field; advanced degree or professional certification (CPA, CIA, CFA) preferred.
- 7+ years of experience in regulatory reporting, audit or internal control assessment, with demonstrated leadership in complex testing engagements.
- Extensive knowledge of U.S. regulatory reports (e.g., FR Y-9C, FR 2052a) and related instructions, and banking products (loans, deposits, derivatives, securities).
- Strong analytical, problem-solving, and communication skills, with ability to present to senior management.
- Familiarity with data governance, data quality concepts, and regulatory requirements.
- Ability to manage multiple priorities and lead teams in a fast-paced environment.
SMBC's employees participate in a Hybrid workforce model that provides employees with an opportunity to work from home, as well as, from an SMBC office. SMBC requires that employees live within a reasonable commuting distance of their office location. Prospective candidates will learn more about their specific hybrid work schedule during their interview process. Hybrid work may not be permitted for certain roles, including, for example, certain FINRA-registered roles for which in-office attendance for the entire workweek is required.
