Regulatory Transformation Initiatives - Regulatory Reporting

Jersey City Permanent
  • My client is hiring a Director and team to lead regulatory transformation
  • Lead the regulatory transformation initiatives at a leading bank

About Our Client

Leading Investment Bank

Job Description

The Regulatory Reporting Transformation Director r is a key role on leading the most critical Regulatory Reporting projects for SMBC Controllers department.

Providing leadership across the Change programs by managing and providing subject matter expertise over the regulatory reports and determining the most effective path working in collaboration with the relevant departments across the organization. In addition, the position should ensure that stringent procedures and internal control framework are in place to support effective change management controls.

This position will require close interaction with other finance, risk, data governance and IT leaderships in the bank.

Key initiatives this individual will manage, include:

  1. Regulatory Reporting Transformation Program (a multi-year change program)
  2. UAT management (an ongoing change management discipline)
  3. Process and Data remediation (an ongoing change management discipline)
  • Serve as the lead for Regulatory Reporting initiatives
  • Define and manage project scope, timelines and deliverables for each project and map out interdependencies across other related projects and functions
  • Create strong change management implementation plans while assessing resource needs and capabilities across SMBC to support objectives and scope
  • Identify opportunities for efficiencies in the regulatory reporting processes
  • Help monitor the overall program health across all projects to support executive management.
  • Build and maintain strong relationships with Technology, Data and Group Companies
  • Organise, lead and facilitate workshops with relevant departments in order to seek required program outcomes
  • Lead through influencing, navigate multiple stakeholders to gain alignment on key decisions and move projects ahead
  • Build capabilities within the team to support exceptional data analytics and business process design solutions



The Successful Applicant

  • Strong knowledge of Regulatory Reporting (e.g. FRY 9C, FRY 15 and other regulatory reporting requirements and report preparation
  • Minimum of 7+ years relevant leadership experience in leadership roles running programs at another financial institution
  • Strong experience in process mapping, process engineering or process improvement
  • Expert project management skillset including ability to build and deliver professional presentations to articulate project proposals, results and recommended actions.
  • Excellent organizational skills, with structured approach and capable of managing competing numerous workstreams simultaneously.
  • Knowledge and experience in the preparation of regulatory reports of financial institutions is a big plus
  • Strong knowledge on financial products such derivatives, repo, securities, loans and leases
  • Excellent verbal and written communication skills
  • Knowledge of internal control frameworks
  • Excellent interpersonal skills
  • Good analytical skills

Required Skills/Abilities

  • Bachelor's Degree in Accounting or Finance is required.
  • CPA or CFA is a big plus.
  • Team- oriented, ability to be proactive in raising concerns, and escalate problems as needed.
  • Strong analytical skill

What's on Offer

Attractive base and bonus

Hybrid working model

Ability to be in the make decisions and have a huge impact in the footprint of the regulatory reporting infrastructure, controls and framework at a leading Corporate and Investment Bank.

Contact
Charlotte Rooney
Quote job ref
JN-012022-4571588

Job summary

Location
Contract type
Consultant name
Charlotte Rooney
Job reference
JN-012022-4571588