Transaction Testing Lead

Responsible for managing the transaction testing process for assigned regulatory reports, products, and systems by researching and interpreting regulatory reporting requirements, designing and executing source-to-report testing procedures, and validating the accuracy, completeness, and traceability of reported data. This role requires strong expertise in regulatory reporting (FFIEC 031 and FR Y-9C required; FR Y-14 and FR 2052a preferred), along with hands-on proficiency in SQL , sample selection, and evidence validation. The Team Lead will assess data lineage from source systems through reporting processes, identify control gaps and data quality issues, oversee testing execution, and document audit-ready results. The individual will provide leadership, guidance, and quality oversight to offshore testing teams while serving as the accountable owner for assigned reports or testing portfolios. The role requires strong stakeholder management skills to communicate observations, support remediation efforts, and drive continuous improvement within the transaction testing framework. 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. ulLead and execute transaction testing activities for assigned regulatory reports, products, and systems to assess the accuracy, completeness, and regulatory compliance of reported data. ulResearch and interpret regulatory reporting instructions, business requirements, and reporting methodologies to design effective transaction testing procedures. ulPerform source-to-report data validation by tracing reported values through upstream systems, transformations, controls, and supporting documentation. ulDevelop testing strategies, sampling methodologies, test scripts, and evidence requirements to support risk-based testing objectives. ulUtilize SQL, and/or other analytical tools to perform data analysis, sample selection, population validation, and investigation of exceptions. ulReview business processes, data lineage, process documentation, and key controls to identify potential reporting risks and control weaknesses. ulDocument testing procedures, observations, root cause analyses, and conclusions in a manner that is complete, accurate, and audit-ready. ulCommunicate testing results, observations, and risk impacts to stakeholders, management, audit, and regulatory examination teams as appropriate. ulLead offshore testing resources by providing work assignments, coaching, quality reviews, and ongoing guidance to ensure adherence to testing standards and methodologies. ulSupport issue remediation efforts by collaborating with business, technology, and reporting teams to validate corrective actions and closure activities. ulDrive continuous improvement initiatives to enhance testing methodologies, efficiency, automation opportunities, and overall testing coverage. ulManage multiple testing engagements simultaneously while ensuring timely delivery of objectives, milestones, and stakeholder commitments. ulMentor and develop junior teammates while fostering an inclusive and collaborative team environment. ulParticipate in hiring, onboarding, and performance coaching of team members while promoting overall testing excellence and consistency. QUALIFICATIONS Required Qualifications ulBachelor's degree in Finance, Accounting, Information Systems, Business, Computer Science, Mathematics, Analytics, Engineering, or a related field, or equivalent education and experience. ulSix years of relevant experience in regulatory reporting, transaction testing, audit, risk management, data validation, or related disciplines. ulDemonstrated subject matter expertise in banking regulations, regulatory reporting, risk management, and data governance through progressively responsible roles. ulStrong knowledge of transaction testing methodologies, risk-based sampling approaches, source-to-report validation, and data lineage assessment. ulExperience leading testing engagements and managing multiple concurrent deliverables. ulStrong analytical, problem-solving, and investigative skills with attention to detail. ulExcellent written and verbal communication skills with the ability to present complex issues clearly to senior stakeholders. Preferred Qualifications and Experience ulProven experience with regulatory reporting, specifically FFIEC 031 and FR Y-9C (experience with FR Y-14 and FR 2052a strongly preferred). ulStrong experience performing transaction testing, source-to-report validation, data lineage reviews, and control effectiveness assessments. ulExperience designing and executing risk-based sampling methodologies and statistical or judgmental sample selection approaches. ulHands-on expertise with SQL and SAS for population analysis, sample extraction, testing support, and issue investigation. ulExperience reviewing source documentation, business process documentation, data lineage artifacts, and control evidence. ulStrong understanding of regulatory reporting governance, data quality frameworks, and issue management processes. ulExperience supporting internal audit, regulatory examinations, and remediation validation efforts. ulDemonstrated ability to lead offshore testing teams and provide effective quality assurance oversight. ulProven ability to build strong partnerships with reporting, technology, risk, compliance, and business stakeholders. Core Competencies ulRegulatory Reporting (FFIEC 031, FR Y-9C, FR Y-14, FR 2052a) ulTransaction Testing & Source-to-Report Validation ulData Lineage & Data Traceability ulRisk-Based Sampling Methodologies ulRegulatory Compliance Testing ulSQL Data Analysis ulControl Assessment & Evidence Validation ulIssue Identification & Root Cause Analysis ulAudit & Regulatory Examination Support ulOffshore Team Leadership ulStakeholder Engagement & Communication ulProcess Improvement & Testing Framework Enhancement General Description of Available Benefits for Eligible Employees of Truist Financial Corporation: All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position. Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates. Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays. For more details on Truist's generous benefit plans, please visit our Benefits site. Depending on the position and division, this job may also be eligible for Truist's defined benefit pension plan, restricted stock units, and/or a deferred compensation plan. As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.