AVP, Regulatory Reporting Quality Assurance – L10

Job ID: 2600126

Job Description:

Role Title: AVP, Regulatory Reporting Quality Assurance – L10
 

Company Overview:
Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry’s most complete digitally enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoors, pet and more.

• We have recently been ranked #2 among India’s Best Companies to Work for by Great Place to Work. We were among the Top 50 India’s Best Workplaces in Building a Culture of Innovation by All by GPTW and Top 25 among Best Workplaces in BFSI by GPTW. We have also been recognized by AmbitionBox Employee Choice Awards among the Top 20 Mid-Sized Companies, ranked #3 among Top Rated Companies for Women, and Top-Rated Financial Services Companies.

• We provide best-in-class employee benefits and programs that cater to work-life integration and overall well-being.

• We provide career advancement and upskilling opportunities for all to take up leadership roles.

Organizational Overview

Controllership organization within Finance COE responsible to monitor day-to-day accounting activities involved in Synchrony business. Controllership mostly covers general accounting, client accounting, reconciliations, closing & reporting, system maintenance, governance related sub-processes. Every process contributes to our quarterly & annual financial close process and ensure that we have accurate external reporting.

Role Summary/Purpose:

This role is an essential component of regulatory reporting quality assurance over the accuracy, completeness, and timeliness of Controllership regulatory report submissions that include but are not limited to, FR-Y-9C, FFIEC 031, FR Y-15, FR Y-14 and FR 2052a. The primary focus is to assist with the development and execution of strategies to monitor, test, and report on relevant regulatory reporting compliance risks. The position will involve frequent interaction with regulatory reporting process owners and stakeholder to promote report accuracy and process improvements that enhance the regulatory reporting control environment. As needed and applicable, the role will provide advice on requirement interpretations, control considerations, and issue resolution as well as assistance with regulator and audit interactions. The role will also contribute to or participate in Controllership Governance routines and initiatives focused on improving monitoring, testing, and reporting processes. The role reports to the VP, Regulatory Reporting Quality Assurance Manager.

Key Responsibilities:

Assist with the assessment of regulatory reporting compliance risks and with the development of risk-based monitoring and testing plans.

• Performance and documentation of assigned regulatory report reviews.

• Perform and document end-to-end regulatory process and transaction testing.

• Research relevant banking, regulation, reporting, and operational topics.

• In written and verbal communication, deliver clear and actionable review results and process feedback.

• Ensure timely delivery of high-quality deliverables that include risk assessment, testing, and review workpapers; reports; and stakeholder presentations.

• Help advise on regulatory reporting requirement interpretation and control environment considerations.

• Assist the Regulatory Reporting team with regulatory exam preparation and related remediation efforts.

• As appropriate, assist 2nd line Risk and Internal Audit with their evaluation of regulatory reporting matters.

• Maintain the needed regulatory reporting process understanding, requirement knowledge, and awareness of regulator expectations.

• As appropriate, contribute to broader Controllership Governance routines and initiatives focused on improving monitoring, testing, and reporting processes.

• Operate with a risk based, solution oriented, and continuous improvement mindset.

• Perform other duties and/or special projects as assigned

Required Skills/Knowledge:

• Bachelor’s degree in Accounting or Finance and minimum 4 years accounting experience in Banking or Financial Services industry, or in lieu of a degree minimum 6 years of experience in the Banking or Financial Services industry

• Strong knowledge of regulatory reporting requirements, processes, and regulator expectations.

• Strong US GAAP and Technical Accounting knowledge

Desired Skills/Knowledge:

• CA or CPA preferred.

• Experience with regulatory examinations.

• Strong knowledge of FRY-9C, FFIEC031, CCAR (FR Y-15/ FR Y-14) and liquidity (FR 2052a) reporting requirements, processes, and regulatory expectations.

• Excellent analytical and problem-solving skills.

• Excellent communication skills – both oral and written

• Ability to manage multiple projects/priorities and drive each to completion

• Experience in automating/ simplifying financial processes or background in data management. (familiarity with SAS, power query and power BI or similar is a plus).

• Strong Microsoft Office Skills.

Eligibility Criteria:

Bachelor’s degree in Accounting or Finance and minimum 4 years accounting experience in Banking or Financial Services industry, or in lieu of a degree minimum 6 years of experience in the Banking or Financial Services industry.

Work Timings: 04:00 PM to 1:00 AM IST.

For Internal Applicants:

• Understand the criteria or mandatory skills required for the role, before applying

• Inform your manager and HRM before applying for any role on Workday

• Ensure that your professional profile is updated (fields such as education, prior experience, other skills) and it is mandatory to upload your updated resume (Word or PDF format)

• Must not be on any corrective action plan (First Formal/Final Formal, LPP)

• L8+ Employees who have completed 18 months in the organization and 12 months in current role and level are only eligible.

• L8+ Employees can apply

Grade/Level: 10

Job Family Group:

Finance