Transaction Testing Lead

Truist; Charlotte (NC); On-site; USD 120,000 - 170,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401k

Paid Vacation

Paid Sick Leave

Paid Holidays

Job summary

Truist Financial Corporation is seeking a senior regulatory testing professional to lead and execute testing activities for regulatory reports, ensuring accuracy and compliance. The role requires researching instructions, designing test procedures, and validating data across upstream systems.

You will guide offshore resources, coordinate with business and technology teams, and drive continuous improvement in testing methodologies and coverage.

Qualifications

• Bachelor's degree or equivalent education/experience.
• Six years of relevant experience in regulatory reporting, transaction testing, audit, risk management, data validation, or related disciplines.
• Strong knowledge of banking regulations, regulatory reporting, risk management, and data governance.
• Experience leading testing engagements and managing multiple deliverables.
• Excellent written and verbal communication skills with the ability to present complex issues clearly to senior stakeholders.

Responsibilities

• Lead and execute transaction testing activities for assigned regulatory reports, products, and systems to assess accuracy, completeness, and regulatory compliance of reported data.
• Research and interpret regulatory reporting instructions, business requirements, and reporting methodologies to design effective transaction testing procedures.
• Perform source-to-report data validation by tracing reported values through upstream systems, transformations, controls, and supporting documentation.
• Develop testing strategies, sampling methodologies, test scripts, and evidence requirements to support risk-based testing objectives.
• Utilize SQL, and/or other analytical tools to perform data analysis, sample selection, population validation, and investigation of exceptions.
• Review business processes, data lineage, process documentation, and key controls to identify potential reporting risks and control weaknesses.
• Document testing procedures, observations, root cause analyses, and conclusions in a manner that is complete, accurate, and audit-ready.
• Communicate testing results, observations, and risk impacts to stakeholders, management, audit, and regulatory examination teams as appropriate.
• Lead offshore testing resources by providing work assignments, coaching, quality reviews, and ongoing guidance to ensure adherence to testing standards and methodologies.
• Support issue remediation efforts by collaborating with business, technology, and reporting teams to validate corrective actions and closure activities.
• Drive continuous improvement initiatives to enhance testing methodologies, efficiency, automation opportunities, and overall testing coverage.
• Manage multiple testing engagements simultaneously while ensuring timely delivery of objectives, milestones, and stakeholder commitments.
• Mentor and develop junior teammates while fostering an inclusive and collaborative team environment.
• Participate in hiring, onboarding, and performance coaching of team members while promoting overall testing excellence and consistency.

Skills

Regulatory reporting

Transaction testing

Data lineage

SQL

SAS

Offshore team leadership

Stakeholder communication

Education

Bachelor's degree in Finance, Accounting, Information Systems, Business, Computer Science, Mathematics, Analytics, Engineering, or related field

Job description

The position is described below.

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

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Lead and execute transaction testing activities for assigned regulatory reports, products, and systems to assess the accuracy, completeness, and regulatory compliance of reported data.
• Research and interpret regulatory reporting instructions, business requirements, and reporting methodologies to design effective transaction testing procedures.
• Perform source-to-report data validation by tracing reported values through upstream systems, transformations, controls, and supporting documentation.
• Develop testing strategies, sampling methodologies, test scripts, and evidence requirements to support risk-based testing objectives.
• Utilize SQL, and/or other analytical tools to perform data analysis, sample selection, population validation, and investigation of exceptions.
• Review business processes, data lineage, process documentation, and key controls to identify potential reporting risks and control weaknesses.
• Document testing procedures, observations, root cause analyses, and conclusions in a manner that is complete, accurate, and audit-ready.
• Communicate testing results, observations, and risk impacts to stakeholders, management, audit, and regulatory examination teams as appropriate.
• Lead offshore testing resources by providing work assignments, coaching, quality reviews, and ongoing guidance to ensure adherence to testing standards and methodologies.
• Support issue remediation efforts by collaborating with business, technology, and reporting teams to validate corrective actions and closure activities.
• Drive continuous improvement initiatives to enhance testing methodologies, efficiency, automation opportunities, and overall testing coverage.
• Manage multiple testing engagements simultaneously while ensuring timely delivery of objectives, milestones, and stakeholder commitments.
• Mentor and develop junior teammates while fostering an inclusive and collaborative team environment.
• Participate in hiring, onboarding, and performance coaching of team members while promoting overall testing excellence and consistency.

QUALIFICATIONS

• Required Qualifications: Bachelor's degree in Finance, Accounting, Information Systems, Business, Computer Science, Mathematics, Analytics, Engineering, or a related field, or equivalent education and experience.
• Six years of relevant experience in regulatory reporting, transaction testing, audit, risk management, data validation, or related disciplines.
• Demonstrated subject matter expertise in banking regulations, regulatory reporting, risk management, and data governance through progressively responsible roles.
• Strong knowledge of transaction testing methodologies, risk-based sampling approaches, source-to-report validation, and data lineage assessment.
• Experience leading testing engagements and managing multiple concurrent deliverables.
• Strong analytical, problem-solving, and investigative skills with attention to detail.
• Excellent written and verbal communication skills with the ability to present complex issues clearly to senior stakeholders.

Preferred Qualifications and Experience

• Proven experience with regulatory reporting, specifically FFIEC 031 and FR Y-9C (experience with FR Y-14 and FR 2052a strongly preferred).
• Strong experience performing transaction testing, source-to-report validation, data lineage reviews, and control effectiveness assessments.
• Experience designing and executing risk-based sampling methodologies and statistical or judgmental sample selection approaches.
• Hands-on expertise with SQL and SAS for population analysis, sample extraction, testing support, and issue investigation.
• Experience reviewing source documentation, business process documentation, data lineage artifacts, and control evidence.
• Strong understanding of regulatory reporting governance, data quality frameworks, and issue management processes.
• Experience supporting internal audit, regulatory examinations, and remediation validation efforts.
• Demonstrated ability to lead offshore testing teams and provide effective quality assurance oversight.
• Proven ability to build strong partnerships with reporting, technology, risk, compliance, and business stakeholders.

Core Competencies

• Regulatory Reporting (FFIEC 031, FR Y-9C, FR Y-14, FR 2052a)
• Transaction Testing & Source-to-Report Validation
• Data Lineage & Data Traceability
• Risk-Based Sampling Methodologies
• Regulatory Compliance Testing
• SQL Data Analysis
• Control Assessment & Evidence Validation
• Issue Identification & Root Cause Analysis
• Audit & Regulatory Examination Support
• Offshore Team Leadership
• Stakeholder Engagement & Communication
• Process 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.

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.