Regulatory Reporting Governance Director

Truist • Charlotte, NC

74d

About The Position

Implementation, management and ongoing execution of the Truist regulatory reporting risk frameworks in alignment with second line of defense risk programs. Lead a team of professionals in the first line of defense, providing direction and guidance for aggregated oversight and governance for all risk types inherent in the regulatory reporting function. 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.

Requirements

• Bachelor’s degree in Business, Finance or an equivalent combination of education and related work experience.
• 12-15 years of experience in operational/enterprise risk related management, including but limited to audit, operations, process engineering or risk management.
• Professional communications and presentation skills.
• Strong relationship management skills.
• Demonstrated leadership or management skills.
• Project management, consulting or management experience.
• Strong risk and regulatory knowledge.
• Strong quantitative, governance, problem solving and analytic abilities.
• Ability to work in a fast-paced environment.

Nice To Haves

• Supervisory experience.
• Financial services or specialized industry experience.
• Knowledge of regulatory reports produced within the Financial Services industry.
• Master's degree in related discipline.
• Financial Risk Manager (FRM)/Certified Financial Analyst (CFA) or equivalent advanced risk certification.

Responsibilities

• Support the regulatory reporting governance framework in the execution of enterprise, technology, operational, and compliance risk frameworks to align with second line of defense program requirements and industry best practices.
• Ensure oversight partners stay abreast of current and emerging regulatory reporting risk exposures.
• Guide the regulatory reporting production teams on program requirements for regulatory changes, issues management, risk acceptances, key performance and key risk indicators, internal and external events, and internal controls monitoring and testing.
• Manage a team of governance professionals that facilitate risk programs within their assigned responsibilities.
• Drive collaboration between enterprise-wide risk program owners and the regulatory reporting production teams to ensure partnership and avoid duplicative risk execution activities.
• Maintain a deep understanding of governance frameworks to help guide and drive consistency and reasonableness in execution across the regulatory reporting production teams.
• Drive communication between all affected parties to develop and implement appropriate controls for new processes, transactions, and products.
• Provide sound risk advisory and judgment to assist the production teams in making prudent risk decisions.
• Ensure the appropriate stakeholders and subject matter experts are engaged across the organization for risk program execution activities.
• Assist with the applicable reporting to the Regulatory Reporting Governance Committee, as well as other Committees, as applicable.
• Assist with Audit and Regulatory Exam management.
• Assist in thematic review of issues to identify items that might impact regulatory reporting.
• Assist the production teams in developing sound policies and procedures in line with enterprise governance guidelines.
• Develop and deliver training to business management, production teams and data providers on process, risks, controls, and control testing.
• Assist production teams in defining and documenting business process inventory, including process maps with control points documented.
• Manage Regulatory Reporting Governance Senior Analysts and Analysts, as well as lead other teammates in project execution.
• Assist and guide the production teams in determining materiality and appropriate documentation of change risk initiatives.
• Guide the production teams in appropriate project management practices as needed.
• Assist in the management and identification of issues and sub-issues (self-identified, audit, regulatory, etc.) to ensure risk is appropriately mitigated by action plans.
• Monitor risk execution output to determine if business partners are able to gain visibility into current and emerging regulatory reporting risk.
• Monitor resourcing and skill sets for teammates within the Regulatory Reporting Governance team. Escalate concerns in a timely manner.

Benefits

• Medical, dental, vision, life insurance, disability, accidental death and dismemberment.
• Tax-preferred savings accounts.
• 401k plan.
• No less than 10 days of vacation during the first year of employment.
• 10 sick days.
• Paid holidays.
• Defined benefit pension plan, restricted stock units, and/or a deferred compensation plan may be available.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: Bachelor's degree
• Number of Employees: 5,001-10,000 employees