Regulatory Reporting QA Specialist

SMBC; Charlotte (NC); On-site; USD 70,000 - 105,000; Full time

Job summary

SMBC's Regulatory Reporting Quality Assurance (RRQA) team conducts independent risk-based assessments of U.S. regulatory reporting processes to evaluate reporting accuracy, completeness, conformance with regulatory requirements, and the effectiveness of related controls.

The RRQA Associate supports assessment planning, testing execution, workpaper documentation, issue validation, and continuous risk monitoring, while collaborating with Finance, Risk, Technology, and Operations.

Qualifications

• Bachelor’s degree in accounting, finance, business analytics, information systems, or a related field.
• 3+ years of experience in audit, internal controls testing, regulatory reporting, risk management, or a related discipline.
• Basic understanding of U.S. regulatory reporting requirements and banking products (loans, deposits, derivatives, securities) preferred.
• Strong analytical, critical thinking, and problem-solving skills.
• Strong written and verbal communication skills, with the ability to clearly document work and communicate findings.
• Familiarity with data governance, data quality concepts, and regulatory reporting processes is a plus.
• Proficiency in Microsoft Office applications, including Excel, Word, and PowerPoint.

Responsibilities

• Assist with assessment planning activities, including preliminary analysis to understand regulatory report production and data sourcing processes and associated risks and controls.
• Perform walkthroughs, assess risks, profile data, select samples, and perform data analysis in accordance with RRQA methodology and FCO Standards.
• Execute testing procedures to evaluate internal control effectiveness, reporting logic conformance, and transaction-level data accuracy.
• Prepare clear and comprehensive workpapers that document testing procedures, assumptions, observations, supporting evidence, and conclusions, in accordance with FCO Standards.
• Perform follow-up testing to assess the effectiveness of remediation actions for previously identified issues.
• Document validation results and support issue closure determinations.
• Support continuous monitoring activities by analyzing regulatory reporting developments, risk indicators, organizational changes, and issue trends.
• Collaborate with business partners to obtain documentation, understand processes, and discuss testing results.
• Communicate testing observations and information requests professionally and effectively.
• Build knowledge of U.S. regulatory reports, banking products, data flows, and regulatory reporting requirements.
• Participate in training and continuous learning opportunities to enhance technical and regulatory expertise.

Skills

Analytical skills

Critical thinking

Problem-solving

Written communication

Verbal communication

Team collaboration

Education

Bachelor's degree in accounting

Bachelor's degree in finance

Bachelor's degree in business analytics

Bachelor's degree in information systems

Tools

Excel

Word

PowerPoint

Job description

SMBC's Regulatory Reporting Quality Assurance (RRQA) team conducts independent risk-based assessments of U.S. regulatory reporting processes to evaluate reporting accuracy, completeness, conformance with regulatory requirements, and the effectiveness of related controls.

The RRQA Associate supports assessment planning, testing execution, workpaper documentation, issue validation, and continuous risk monitoring, while collaborating with Finance, Risk, Technology, and Operations.