Lead Auditor Regulatory Reporting VP

Leading Global Banking and Finance firm seeks a Vice President and Lead Auditor to conduct audit assignments from planning to report, assess the audited activity, perform audit testing, analyze controls, and support the issuance of recommendations. The Vice President and Lead Auditor is responsible for the consistency and comprehensiveness of audit deliverables and, working closely under the supervision of the Risk and Finance Audit Supervisor and potentially the global Finance Audit Partner, assists in overseeing the drafting of presentations to management and the final audit report. He/She may lead teams of auditors during audit execution, including assigned fieldwork, with a strong focus on Finance, accounting, regulatory reporting, and related controls. The role also supports other Managers on assignments requiring strong financial control and regulatory reporting expertise and assists in monitoring and validating the implementation of corrective actions addressing identified risks.

Key Responsibilities

• Assess the risks of audited activities and evaluate the design and operating effectiveness of related controls
• Review and challenge business processes, controls, and governance structures to identify operational, financial, regulatory, and reputational risks
• Verify compliance with internal policies, procedures, and applicable banking laws and regulations
• Evaluate controls surrounding U.S. regulatory reporting processes including FFIEC 002, FFIEC 002S, FR 2900, and related regulatory reporting frameworks
• Perform audit testing related to data integrity, reconciliations, reporting accuracy, completeness, and consistency
• Monitor fieldwork progress and adjust audit focus areas based on identified risks and maintain close communication with audit management and stakeholders throughout audit assignments
• Escalate significant control weaknesses, compliance issues, or regulatory concerns identified during audit reviews
• Conduct interviews, debriefing meetings, and presentations with management impacted by audit findings
• Review and finalize management responses to audit findings and support preparation of final audit reports
• Ensure audit deliverables are properly documented and maintained in accordance with audit methodologies and standards and participate in continuous monitoring and maintenance of assigned auditable areas and risk assessments.

Management of a Team During an Assignment

• Define objectives and perform end-of-assignment assessments for team members allocated to audit assignments
• Prepare assignment planning, allocate work streams by team member, and manage projects, tasks, staff, and budget resources efficiently
• Ensure collaborative and productive relationships within the team and maintain strong coordination throughout the international network and with auditees
• Provide guidance, support, and feedback to team members throughout audit engagements
• Contribute to the ongoing improvement of audit methodologies, processes, and regulatory reporting control frameworks and support the ongoing development of knowledge and expertise related to financial/accounting controls, auditing standards, and industry best practices
• Manage resources and assignment schedules to achieve the objectives of the Audit Plan
• Contribute to preparation of the Audit Plan in coordination with local audit leadership and management

Regulatory Reporting, Accounting & Data Analysis Expertise

• Possess regulatory knowledge with the ability to understand and interpret laws, regulations, and standards governing financial and regulatory reporting with knowledge of financial reporting frameworks including IFRS and/or U.S. GAAP, regulatory reporting requirements, reporting rules, compliance obligations, and disclosure requirements
• He/She will demonstrate strong technical accounting and reporting expertise related to complex accounting treatments including provisions, impairments, fair value accounting, and the associated impact on reporting
• Evaluate controls surrounding reporting accuracy, completeness, consistency, and reconciliation of regulatory reports to underlying accounting records
• Assess governance structures, oversight responsibilities, reporting systems, and process controls related to Financial Regulatory Reporting
• Analyze large data sets used in financial regulatory reports and identify anomalies, inconsistencies, trends, and control weaknesses
• Understand source systems including General Ledger platforms, risk systems, and regulatory reporting tools

Qualifications

• 5–8 years of related experience in Internal Audit, Regulatory Reporting Audit, Financial Controls, Accounting, or Finance-related audit environments preferably acquired in a global bank, IHC or a financial services firm
• Audit background supporting Accounting and Financial Regulatory Reporting environments including FFIEC 002, FFIEC 002S, FR 2900, or related regulatory reports highly desirable
• Strong understanding of banking regulatory reporting controls, financial governance, and audit methodologies
• Bachelor’s or Master’s degree in Accounting, Finance, Business, Economics, Engineering, or related field required
• CPA required; CIA, CFA, or related certifications preferred
• Strong analytical, organizational, communication, project management, and leadership skills
• Ability to work independently, manage multiple priorities, and communicate effectively with management and stakeholders

This position provides an excellent opportunity to continue to learn and grow in a team oriented and professional working environment.

Excellent compensation, benefits and bonus.

Our client, a well-managed Global Banking and Finance institution, has a history of rewarding employees with growth, opportunity, and stability. EOE.