Truist Financial

Senior Financial Reporting Manager

Truist Financial$100K — $130K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Accounting, Finance, or related field
  • 8+ years' experience in accounting or accounting policy
  • Strong understanding of GAAP and SEC/Regulatory Reporting
  • Demonstrated leadership skills and integrity
  • Proficient in Microsoft Office applications, especially spreadsheets and databases

Responsibilities

  • Serve as subject matter expert for Regulatory Capital and RWA reporting
  • Ensure accuracy and timeliness of financial and regulatory reporting
  • Collaborate with cross-functional teams for Capital and RWA evaluations
  • Drive capital efficiency while ensuring regulatory compliance
  • Lead process changes and internal controls for regulatory reporting

Benefits

  • Opportunities for professional development and mentoring
  • Diversity and inclusion initiatives
  • Collaborative work environment
  • Flexible work arrangements
  • Support for work-life balance
Full Job Description
Serve as the subject matter expert for Regulatory Capital and Risk-Weighted Assets (RWA) reporting requirements, providing guidance and technical expertise to Finance, Controllership, Treasury, and Regulatory Reporting teams. Responsible for ensuring the delivery of accurate, timely, and well-controlled financial and regulatory reporting to Executive Leadership, the Board of Directors, and regulatory agencies. Partner closely with business lines and cross-functional stakeholders to evaluate the Capital and RWA implications of business initiatives, support strategic decision-making, and enhance the effectiveness of governance and control frameworks. Drive efforts to optimize capital efficiency while maintaining compliance with evolving regulatory requirements. This role will play a critical part in the implementation and ongoing execution of the Basel III Endgame regulatory capital framework and requires a strong understanding of regulatory capital rules, risk-weighted asset methodologies, and related reporting requirements. 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. 3 Collaborate and work across the Finance division to ensure integrity of the financials and ensures sound controls and procedures. 3 Support reporting and analysis for additional constituencies, including Board of Directors, Investor Relations, and various regulatory agencies. 3 Provide leadership, talent development, and mentoring for team members to improve their own technical expertise; review and approve work of other team members. 3 Foster a team environment that promotes diversity and inclusion broadly across the organization. 3 Ensure that changes to reporting process workflow and/ or data source are documented and communicated to downstream reporting groups. 3 Maintain technical and working knowledge of generally accepted accounting principles (GAAP), building expertise related to assigned area of responsibility. 3 Subject matter expert with continued broadening of understanding on more complex accounting and regulatory reporting matters. 3 Provide thought leadership in the design, execution and implementation of process changes and internal controls for new accounting and regulatory reporting requirements. 3 Apply knowledge of best practices derived from experience to identify and solve problems of higher technical or operational complexity by leading analysis of possible solutions using data analysis, experience, judgment and precedents. 3 Take a new perspective on existing solutions to propose innovative solutions. 3 Initiate and assist in implementing long-term solutions. 3 Prepare and review materials to senior leadership summarizing issues and communicating solutions. 3 Provide vision and leadership on reporting strategies, improvements and upgrades, and develop comprehensive information delivery strategies for financial reporting and reconcilement. 3 Develop strategies to improve the timeliness, availability and usefulness of financial information. 3 Ensure data integrity, accuracy and availability of internal and external reports. 3 Coordinate internal and external audits and examinations (responses to External and Regulatory requests are to be made in collaboration with other business units). 3 Review and update policies and procedures for compliance with governmental regulations and corporate polices and standards. 3 Coordinate development of new accounting processes and procedures, as needed. 3 Assist in risk management governance and business continuity planning processes as necessary. 3 Leverage working relationship with supported business areas and cross-functional departments to complete complex tasks and deliver high quality work. 3 Initiate process improvements across broad organizational processes to address internal/external challenges. Required Qualifications: 3 Bachelors degree in Accounting, Finance, Business Administration or equivalent education and related training. 3 Eight years of relevant accounting or accounting policy experience. 3 Understanding of GAAP and SEC/Regulatory Reporting. 3 Intelligent, strong and decisive leadership within an organization as a result of high integrity, intellectual clarity, and a passion for excellence; strong leadership abilities including proactive thinking and teamwork to drive the best business decisions. 3 Strong personal and professional ethics with impeccable integrity. 3 High energy level and strong work ethic to meet the demands of a fast paced, goal driven environment; results orientation, which includes meeting commitments, performance metrics, and targeted and required delivery dates. 3 Self-motivated with the ability to work without supervision; ability to work under difficult time constraints and manage multiple resources, priorities and projects. 3 Strong team orientation; eagerness to pitch in and help larger teams meet goals and responsibilities. 3 Excellent technical and research skills; excellent communication and presentation skills; excellent critical and conceptual thinking, problem solving ability and analytical skills; excellent interpersonal skills across internal and external organizational levels. 3 Demonstrated proficiency in computer applications, such as Microsoft Office software products, with an emphasis on spreadsheet, word processing and database software. Preferred Qualifications: 3 Deep knowledge of Regulatory Capital and RWA frameworks, with proven experience overseeing reporting and analysis under both the Standardized and Advanced Approaches 3 Strong understanding of key methodologies, including the Collateral Haircut Approach, Standardized Approach for Counterparty Credit Risk (SA-CCR), Simplified Supervisory Formula Approach (SSFA), Look-Through Approach, and other applicable regulatory capital frameworks. 3 Fundamental understanding of the Basel III Endgame capital framework, including key regulatory capital requirements and the application of the Expanded Risk-Based Approach (ERBA) 3 Masters or advanced degree in Business or Accountancy Certified Public Accountant (CPA) designation; strong technical accounting knowledge. 3 Prior experience working for a large, SEC-registered financial institution or senior manager-level public accountant with extensive bank experience.

About Truist Financial

Truist Financial Careers

Join the dynamic team at Truist Financial, a leader in the financial services sector, and propel your career to new heights. At Truist Financial, we offer more than just job opportunities; we provide a platform for professional growth and innovation in an environment that values diversity and leadership.

Why Truist Financial?

At Truist Financial, we are committed to building a diverse and inclusive workplace where every team member is empowered to contribute their unique skills and perspectives. We believe that our strength lies in our diversity, and we are dedicated to fostering a culture that embraces the differences that make each of us unique.

Explore a World of Opportunities

Whether you're seeking your first internship or a seasoned professional looking to advance your career, Truist Financial offers a range of employment opportunities across various disciplines. Our team is growing, and we are constantly looking for talented individuals who are eager to make an impact.

Innovate and Lead

Join us and be part of a culture of innovation where your ideas can help shape the future of banking. At Truist Financial, you’ll work alongside industry leaders and have access to cutting-edge resources that foster continuous professional development and innovation.

Develop Your Career

Truist Financial is deeply invested in the career progression of our employees. We offer robust training programs, including leadership development and diversity training, to ensure you have the tools needed to succeed. Our commitment to your growth is reflected in our comprehensive benefits package, designed to support you both professionally and personally.

Networking and Professional Development

Enhance your professional network and connect with like-minded colleagues through our various networking events and community engagement initiatives. At Truist Financial, we believe in the power of connections and the impact they can have on your career.

Join Our Team

Ready to take the next step in your career? Explore the current job openings at Truist Financial. We are hiring across multiple departments, looking for passionate, curious, and innovative individuals to join our team. Check out our available positions and find the one that best matches your skills and interests.

Prepare for Your Interview

Make a great first impression. Visit our Careers page for tips on how to craft a compelling resume and succeed in your interview at Truist Financial. We are excited to see how you can contribute to our team and help us drive the future of banking.

Stay Connected

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Learn more about Truist Financial
Size
50,283 employees
Market Cap
$56.6 billion
Industry
5 Year Trend
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