Regulatory Reporting Governance Sr. Analyst

Truist Wealth; Charlotte (NC); On-site; USD 90,000 - 135,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401k plan

Vacation days

Sick days

Job summary

Truist Wealth is seeking a Regulatory Governance Analyst to support governance programs for the regulatory reporting function. You will help with effectiveness testing, risk monitoring, training, and remediation activities, and coordinate with second and third lines of defense.

You will identify risk exposure, assist with training, and drive continuous improvement of governance initiatives. The role emphasizes collaboration, documenting controls, and ensuring regulatory reporting standards are

Qualifications

• Bachelor’s degree in Business, Finance or science/academic field, or equivalent education and related training or experience.
• Five to seven years of risk management experience in financial services or related field.
• Broad risk and regulatory knowledge with emphasis on: Compliance, Operational, Reputation and Strategic Risks.
• Ability to think critically and strategically, multi-task, and drive change.
• Strong quantitative, governance, problem solving and analytic abilities.
• The ideal candidate will have ability to work in a fast-paced environment.

Responsibilities

• Execute first line of defense activities related to regulatory reporting compliance with operational risk guidelines.
• Identify changes in personnel, products, processes, policies, operating systems, accounting practices, organizational changes, regulatory requirements and business environment impacting controls.
• Drive communication to develop and implement controls for new processes, transactions, and products within the framework.
• Conduct risk and control assessments to ensure regulatory reporting meets corporate standards for internal controls.
• Assist in updating controls, policies, procedures, and risk/control documentation.
• Participate in planning and executing walkthroughs and testing for specific risk programs.
• Foster collaboration between peers, governance teams, and business partners to achieve shared goals.

Skills

Risk management

Regulatory knowledge

Governance

Analytical abilities

Education

Bachelor’s degree in Business, Finance or science/academic field

Job description

The position is described below.

Regular or Temporary: Regular

Language Fluency: English (Required)

Work Shift: 1st shift (United States of America)

Job Description

Responsible for supporting the implementation and monitoring of governance programs related to Truist’s regulatory reporting function. Such programs include effectiveness testing, risk monitoring, reporting, training, and remediation activities. Help identify risk exposure within the regulatory reporting framework. Support the training of regulatory reporting production teammates and data providers on governance, controls and risk mitigation. Support continuous improvement efforts and design of strategic governance initiatives. Facilitate engagement and collaboration with second and third lines of defense.

Other duties may be performed, both major and minor, which are not mentioned below. Specific activities may change from time to time.

• Execute first line of defense activities related to regulatory reporting compliance with operational risk guidelines.
• This includes proactively identifying changes in personnel, products, processes, policies, operating systems, accounting practices, organizational changes, regulatory requirements and business environment which may impact controls within the regulatory reporting framework.
• Drive communication between all affected parties to develop and implement appropriate controls for new processes, transactions, and products within the regulatory reporting framework.
• Conduct risk and control assessments on a regular basis to ensure the regulatory reporting function meets corporate standards that specifically relate to internal operating controls.
• Assist in updating controls, policies, procedures, and risk/control documentation.
• Participate in the planning and execution of walk through and testing for specific risk programs.
• Foster relationships between peers, management, the regulatory reporting production team, and applicable business partners to ensure that common goals are met and that there is active collaboration between team members.
• Assist the Regulatory Reporting Governance Managers and Directors in providing leadership and meaningful input to ensure risk data is captured, risk mitigation strategies and controls are developed, and appropriate reporting mechanisms are in place.
• Serve as a mentor/coach to new and existing junior Analysts, as well as lead other teammates in project execution.
• Perform reviews and change assessments related to business process, regulatory and organizational changes, as well as issue management and remediation.
• Ensure consistency in the documentation maintained by Regulatory Reporting Governance teammates in accordance with business or second line procedures.

Required Qualifications

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Bachelor’s degree in Business, Finance or science/academic field, or equivalent education and related training or experience.
• Five to seven years of risk management experience in financial services or related field.
• Broad risk and regulatory knowledge with an emphasis on: Compliance, Operational, Reputation and Strategic Risks.
• Ability to think critically and strategically, multi-task, and drive change.
• Strong quantitative, governance, problem solving and analytic abilities.
• The ideal candidate will have ability to work in a fast-paced environment.

Preferred Qualifications

• Relevant Professional Certification - e.g. CPA, CISA.
• Control testing experience in a public accounting firm.
• Financial services or specialized industry experience.
• Knowledge of regulatory reports produced within the Financial Services industry.

Benefits

• 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.

Equal Opportunity

Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law.

Truist is a Drug Free Workplace.

About Truist

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About Truist Truist is a purpose-driven financial services company, formed by the historic merger of equals of BB&T and SunTrust. We serve clients in a number of high-growth markets in the country, offering a wide range of financial services. At Truist, our purpose is to inspire and build better lives and communities. That happens through real care to make things better. To meet client needs, to empower teammates, and to lift up communities. Learn more about Truist on truist.com.