Flagstar Bank
Job Location : New York,NY, USA
Posted on : 2024-12-21T01:23:01Z
Job Description :
The Financial Regulatory Reporting Governance & Controls Associate Director ( G&C AD ) is responsible for establishing and maintaining a robust governance framework to support the periodic processing and reporting of required financial regulatory reports to the Federal Reserve Bank. Lead processes and projects in direct support of the Director of Regulatory Reporting. The G&C AD will oversee a team of individuals separately responsible for a combination of, project management, CFO Attestation, and policy and controls documentation. The G&C AD will oversee governance and project status reporting to internal stakeholders, and steering committees including the Board of Directors. Communicate on a cross functional basis, inside and outside of Finance, with senior management and must be able to communicate complex matters in a clear, concise manner while keeping the big picture in perspective. Oversee complicated projects related to report processing, data quality and sourcing and process improvements. $140,621.69-$186,323.74-$232,025.80JOB RESPONSIBILITIES* Establish and maintain a framework and process for collecting and summarizing sub attestations from data providers who are responsible for information provided to and collected by the regulatory reporting team for purposes of generating the required reports.* Direct the development and compilation of internal executive level reporting.* Support the development and maintenance of the Regulatory Reporting Risk & Controls Matrix by providing necessary guidance and oversight to the Regulatory Reporting Controls Manager.* Support the development and maintenance of the Regulatory Reporting Policy inclusive of updates in response to new products and new regulations by providing necessary guidance and oversight to the Regulatory Reporting Policy Manager.* Oversee the management of request coordination to ensure the timely response to internal (RRQA, IA, ECM) needs as well as external needs (Audit, Regulatory Inquiries etc).* Provide mentoring and guidance and resolve non-routine concerns for regulatory reporting managers and staff and other departments by researching and interpreting regulatory policy, applying observations and recommendations to operational issues.ADDITIONAL ACCOUNTABILITIES* Performs special projects, and additional duties and responsibilities as required.* Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.JOB REQUIREMENTSRequired Qualifications:* Education level required: Undergraduate Degree (4 years or equivalent).* Minimum experience required: 12+ Years experience in regulatory reporting or related fields within the financial services industry.* Minimum 6 years of leadership experience.Preferred Qualifications:* Certified Public Accountant and/or Federal Reserve Bank (FRB) Regulatory Reporting experience preferred.Job Competencies:* Comprehensive knowledge of financial regulatory reporting guidelines (FFIEC, FDIC, OCC and FRB).* Knowledge of fundamental accounting concepts, practices, and procedures.* Excellent leadership and people management skills, with the ability to motivate and mentor team members towards achieving common goals.* Excellent analytical skills, with the ability to interpret complex regulatory requirements and translate them into practical policies and procedures.* Thorough understanding of financial services regulations and best practices in regulatory reporting.* Strong interpersonal and communication skills, with the ability to collaborate effectively with cross-functional teams and regulatory authorities.* Ability to manage multiple priorities under tight deadlines and adapt to changing regulatory environments.* Ability to work independently.* Travel Requirements
Apply Now!