Regulatory Reporting Policy Advisor (CPA required)

Truist; Charlotte (NC); On-site; USD 110,000 - 170,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Vision benefits

401k plan

Job summary

Truist is seeking a senior regulatory reporting advisor to research and interpret GAAP-based reporting requirements (e.g., Call Report, FR Y-9C) and develop analyses for applicability to Truist products and activities. You will monitor evolving regulations, support governance and internal controls, and serve as a trusted advisor to Finance, Risk and Business Leaders.

The role emphasizes responding to auditors and regulators, drafting regulatory policies, and guiding enterprise change initiatives

Qualifications

• Bachelor’s degree in Accounting or Finance required.
• CPA designation required or preferred.
• 8 years of experience in regulatory capital, accounting policy, or regulatory reporting.
• Strong knowledge of GAAP-based regulatory reporting.
• Strong leadership, analytical, and communication skills.
• High integrity and ability to manage multiple priorities.
• Proficiency in Microsoft Office; financial modeling experience.

Responsibilities

• Provide guidance on GAAP-consistent regulatory reporting requirements for recurring and complex transactions.
• Advise Regulatory Reporting, Controllers and business teams.
• Interpret regulatory reporting requirements accurately and sustainably.
• Research regulatory reporting treatment of complex transactions (e.g., securitizations, off-balance sheet exposures).
• Draft interpretive analyses for new business initiatives and ambiguous rule applications.
• Respond to inquiries from auditors, regulators, and internal stakeholders.
• Draft and maintain regulatory reporting policies, standards, and procedures.
• Support implementation of new regulatory reporting rules and interpretations.
• Support design of internal control frameworks to mitigate interpretive risk.
• Track regulatory developments from FRB, FDIC, FASB, and SEC.

Skills

Leadership

Analytical skills

Communication skills

GAAP knowledge

Education

Bachelor's in Accounting or Finance

CPA designation

Master’s degree in Business/Accounting/Finance

CMA or CFA designation

Tools

Microsoft Office

Financial modeling

Job description

The position is described below.

Regular or Temporary: Regular Language Fluency: English (Required) Work Shift: 1st shift (United States of America)

Please review the following job description: This is an individual contributor role responsible for researching and interpreting complex regulatory reporting requirements, including GAAP-based reporting requirements (e.g., Call Report, FR Y-9C) and developing well-supported analyses and conclusions regarding their application to the Company’s products, transactions, and activities. The Advisor will monitor evolving regulatory frameworks, support regulatory reporting governance and internal control programs, and serve as a trusted advisor to leaders across Finance, Risk, and Business Units.

Need Help? If you have a disability and need assistance with the application, you can request a reasonable accommodation. Send an email to Accessibility (accommodation requests only; other inquiries won't receive a response).

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.

• 1. Provide well informed guidance on GAAP-consistent regulatory reporting requirements, including for recurring and complex or unusual transactions.
• 2. Serve as an advisor to Regulatory Reporting, Controllers and business teams.
• 3. Interpretate regulatory reporting requirements in a manner that is accurate, transparent, and operationally sustainable.
• 4. Research the regulatory reporting treatment of complex transactions (e.g., securitizations, off-balance sheet exposures, Regulation W, FR Y-14, FR 2052a).
• 5. Draft interpretive analyses for new business initiatives and ambiguous rule applications.
• 6. Respond to inquiries from auditors, regulators, and internal stakeholders.
• 7. Draft and maintain regulatory reporting policies, standards, and procedures.
• 8. Support implementation of new regulatory reporting rules and interpretations.
• 9. Support the design of internal control frameworks to ensure compliance and mitigate interpretive risk.
• 10. Track regulatory developments from the FRB, FDIC, FASB, and SEC and help ensure changes are monitored, communicated and understood.
• 11. Communicate to other Finance and business leaders the impact these requirements will have on Truist's regulatory reporting compliance.
• 12. Support change management efforts for regulatory reporting rules updates.
• 13. Support Enterprise Risk Management in identifying and mitigating regulatory reporting risks.
• 14. Ensure effective documentation and communication of interpretive changes to downstream reporting groups.
• 15. Contribute to enterprise change initiatives such as the Basel 3 Endgame implementation.
• 16. Partner with business units and cross-functional teams to complete tasks and delivery high quality work.
• 17. Analyze and track peer and industry group contacts and status on the consideration of proposed regulatory reporting changes.

Qualifications Required

The requirements listed below are representative of the knowledge, skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• 1. Bachelor’s degree in Accounting or Finance.
• 2. CPA designation.
• 3. 8 years of experience in regulatory capital, accounting policy, or regulatory reporting.
• 4. Strong knowledge of GAAP-based regulatory reporting.
• 5. Strong leadership, analytical, and communication skills.
• 6. High integrity, self-motivation, and ability to manage multiple priorities.
• 7. Proficiency in Microsoft Office; financial modeling experience.

Preferred Qualifications

• 1. Master’s degree in Business, Accounting, or Finance.
• 2. CMA or CFA designation.
• 3. Experience with large, SEC-registered financial institutions or public accounting firms.
• 4. Experience with a broad range of U.S. regulatory reports and regulatory reporting frameworks.
• 5. Knowledge of U.S. regulatory reporting requirements applicable to banking organizations.
• 6. Demonstrated ability to research, interpret, and document complex accounting and regulatory reporting matters and develop well-supported conclusions.
• 7. Strong stakeholder management skills, with written and verbal communication skills.

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. 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. EEO is the Law E-Verify IER Right to Work 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.