What are the responsibilities and job description for the Financial Regulatory Reporting Manager position at Truist?
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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).
Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
Serve as a strategic business partner in completing and interpreting a variety of complex accounting and financial reporting activities to meet regulatory reporting requirements and support the timely preparation, review, production and distribution of internal and external corporate and bank financial reports and data submissions, including reports distributed to or filed with the Truist Board of Directors and Executive Leadership, Securities and Exchange Commission (SEC), Federal Deposit Insurance Corporation (FDIC) and Federal Reserve Board (FRB).
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.
Provide leadership in the development, design, implementation and on-going management of Truist’s Regulation W analysis processes including projects/initiatives with potential Regulation W compliance and reporting impacts. Provide training and guidance to subordinates with respect to understanding, analyzing and reporting more complex financial activity and metrics under Reg W.
Collaborate and work across the Finance division to ensure integrity of the financial data and sound controls and procedures. Ensure that source data is reliable, complete and documentation is maintained to support data integrity initiatives.
Compile, review, analyze, interpret and submit timely and accurate reporting related to the company’s financial performance and strategy, in accordance with complex financial and regulatory reporting requirements. Including financial and business analyses of financial ratios, trends, covered exposure tracking and market-terms.
Assist with risk and control assessments to ensure the regulatory reporting function meets corporate standards that specifically relate to internal operating controls. Coordinate updates to controls, policies, procedures, and risk/control documentation. Manage and provide support for open risk, audit, and regulatory issues.
Draft materials to senior leadership summarizing issues and communicating solutions. Support reporting and analysis for additional constituencies, including Board of Directors, Investor Relations, and various regulatory agencies.
Apply knowledge of best practices derived from experience to assist in solving problems of higher operational or technical complexity by analyzing possible solutions using data analysis, experience, judgment, and precedents.
Subject matter expert on regulatory reporting requirements, business cycles and accounting flow for assigned area of responsibility. Maintain technical and working knowledge of generally accepted accounting principles (GAAP), building expertise related to Reg W and other assigned areas of responsibility. Broaden understanding on more complex accounting and regulatory reporting matters.
Maintain a strong working relationship with peers, management, regulatory governance, and supported business area to complete tasks and deliver high quality work. Build relationships with cross-functional departments to broaden knowledge and solve more complex situations.
Assist with internal and external audits and regulatory examinations.
Qualifications
Required Qualifications:
Preferred Qualifications:
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 Pay Transparency Nondiscrimination Provision E-Verify
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).
Regular or Temporary:
Regular
Language Fluency: English (Required)
Work Shift:
1st shift (United States of America)
Please review the following job description:
Serve as a strategic business partner in completing and interpreting a variety of complex accounting and financial reporting activities to meet regulatory reporting requirements and support the timely preparation, review, production and distribution of internal and external corporate and bank financial reports and data submissions, including reports distributed to or filed with the Truist Board of Directors and Executive Leadership, Securities and Exchange Commission (SEC), Federal Deposit Insurance Corporation (FDIC) and Federal Reserve Board (FRB).
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.
Provide leadership in the development, design, implementation and on-going management of Truist’s Regulation W analysis processes including projects/initiatives with potential Regulation W compliance and reporting impacts. Provide training and guidance to subordinates with respect to understanding, analyzing and reporting more complex financial activity and metrics under Reg W.
Collaborate and work across the Finance division to ensure integrity of the financial data and sound controls and procedures. Ensure that source data is reliable, complete and documentation is maintained to support data integrity initiatives.
Compile, review, analyze, interpret and submit timely and accurate reporting related to the company’s financial performance and strategy, in accordance with complex financial and regulatory reporting requirements. Including financial and business analyses of financial ratios, trends, covered exposure tracking and market-terms.
Assist with risk and control assessments to ensure the regulatory reporting function meets corporate standards that specifically relate to internal operating controls. Coordinate updates to controls, policies, procedures, and risk/control documentation. Manage and provide support for open risk, audit, and regulatory issues.
Draft materials to senior leadership summarizing issues and communicating solutions. Support reporting and analysis for additional constituencies, including Board of Directors, Investor Relations, and various regulatory agencies.
Apply knowledge of best practices derived from experience to assist in solving problems of higher operational or technical complexity by analyzing possible solutions using data analysis, experience, judgment, and precedents.
Subject matter expert on regulatory reporting requirements, business cycles and accounting flow for assigned area of responsibility. Maintain technical and working knowledge of generally accepted accounting principles (GAAP), building expertise related to Reg W and other assigned areas of responsibility. Broaden understanding on more complex accounting and regulatory reporting matters.
Maintain a strong working relationship with peers, management, regulatory governance, and supported business area to complete tasks and deliver high quality work. Build relationships with cross-functional departments to broaden knowledge and solve more complex situations.
Assist with internal and external audits and regulatory examinations.
Qualifications
Required Qualifications:
- Bachelor’s degree in Accounting, Finance, Business Administration or equivalent education and related training.
- Eight years of relevant accounting or accounting policy experience; Understanding of GAAP and SEC/Regulatory Reporting.
- Intelligent, strong and decisive leadership within an organization as a result of high integrity, intellectual clarity, and a passion for excellence; strong leadership abilities including proactive thinking and teamwork to drive the best business decisions.
- Strong personal and professional ethics with impeccable integrity.
- High energy level and strong work ethic to meet the demands of a fast paced, goal driven environment; results orientation, which includes meeting commitments, performance metrics, and targeted and required delivery dates.
- Self-motivated with the ability to work without supervision; ability to work under difficult time constraints and manage multiple resources, priorities and projects.
- Strong team orientation; eagerness to pitch in and help larger teams meet goals and responsibilities.
- Excellent technical and research skills; excellent communication and presentation skills; excellent critical and conceptual thinking, problem solving ability and analytical skills; excellent interpersonal skills across internal and external organizational levels.
- Demonstrated proficiency in computer applications, such as Microsoft Office software products, with an emphasis on spreadsheet, word processing and database software.
Preferred Qualifications:
- Master’s or advanced degree in Business or Accountancy Certified Public Accountant (CPA) designation; strong technical accounting knowledge.
- Prior supervisory experience.
- Prior experience working for a large, SEC-registered financial institution or senior manager-level public accountant with extensive bank experience.
- Prior experience as an examiner of financial reports for either the Office of the Comptroller of the Currency (OCC), FRB or FDIC Proficient in Essbase/Hyperion, EPM/BPC, and Workiva.
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 Pay Transparency Nondiscrimination Provision E-Verify