Regulatory Reporting Assurance - Team Lead

Overview

The Regulatory Reporting Assurance (RRA) function operates as a management assurance team within the Controller’s Organization under Corporate Finance. The team is responsible for providing independent assurance over the design and effectiveness of controls supporting global regulatory reporting, including Basel, CCAR, and other high-risk or regulator-focused areas.

RRA’s primary mandate is to assess the accuracy, integrity, and regulatory compliance of reported data, alongside evaluating the effectiveness of associated risk management frameworks. The team partners closely with stakeholders across Finance, Global Treasury, Risk Management, Business Units, and other assurance functions.

This role offers the opportunity to contribute to a growing and evolving function, gain deep expertise in global regulatory requirements, and develop a broad understanding of the organization’s end-to-end business operations.

RRA Mission

Provide effective and independent challenge to management to promote compliance with regulatory and internal policy requirements

Support executive management and the Board through objective reporting on the effectiveness of financial and regulatory processes

Partner with stakeholders to proactively identify operational and compliance risks and support sustainable mitigation strategies

Deliver actionable risk and control insights to enhance business outcomes through strong, collaborative partnerships

Key Responsibilities

Execute control testing frameworks to assess whether systems and processes supporting regulatory compliance are appropriately designed, documented, implemented, and governed, including data quality controls

Support risk assessments to identify areas requiring targeted or in-depth testing

Participate in assurance reviews by:

Evaluating the control environment

Developing testing strategies

Performing control and sample-based testing, including substantive testing

Conduct walkthroughs with process and control owners to assess inherent risks, identify key controls, and determine control gaps

Independently assess and challenge the design and operating effectiveness of controls

Document testing procedures, findings, and supporting evidence in line with audit standards

Identify, assess, and track issues, partnering with management to ensure timely resolution

Develop clear, actionable recommendations and support remediation of identified risks and control gaps

Provide timely and transparent updates to management on review progress and outcomes

Engage stakeholders to facilitate delivery execution and effectively communicate findings and conclusions

Build and maintain strong working relationships across key stakeholder groups, including Regulatory Reporting, Product Control, Operations, Treasury, Technology, and Risk

Develop subject matter expertise in regulatory frameworks, industry practices, and evolving supervisory expectations

Drive continuous improvement and transformation initiatives to enhance RRA capabilities as a second line of defense function

Provide day-to-day coaching and guidance to team members, fostering capability development

Qualifications and Experience

Education & Certifications

Bachelor’s degree in Accounting, Finance, or a related field

Advanced qualifications such as MBA/PGDBM, CA, or CPA preferred

5-7 years of progressive experience in auditing, preferably within financial services and/or Big 4 environments

Professional certifications such as CIA or CFA are advantageous

Domain Knowledge

Strong familiarity with Basel frameworks, Federal Reserve regulations (e.g., CCAR/FR Y-14), and/or SEC reporting requirements

Familiar with Altryx/Power BI and AI tools

Exposure to IT General Controls (ITGCs) is a plus

Skills and Competencies

Knowledge of regulatory reporting control frameworks and assurance methodologies

Understanding regulatory reporting risks related to completeness ,accuracy v,alidity, and timeliness of submissions.

Strong understanding of internal control frameworks and risk management principles

Knowledge of banking products, including loans, deposits, securities, and derivatives

Proven ability to perform substantive testing and assess compliance with regulatory reporting instructions

Strong auditing and analytical skills, including interpretation of complex regulatory requirements

Excellent critical thinking skills with the ability to articulate and defend a clear point of view

Strong verbal and written communication skills, with the ability to influence and challenge stakeholders effectively

Proactive, solution-oriented mindset with strong problem-solving capabilities

High attention to detail and commitment to quality

Ability to work independently with minimal supervision while contributing effectively in a team environment

High energy, professionalism, integrity, and accountability

Why Join RRA

Opportunity to contribute to a high-impact, evolving assurance function

Exposure to enterprise-wide regulatory processes and senior stakeholders

Strong platform for developing expertise in regulatory reporting and risk management

Collaborative environment focused on continuous learning and transformation

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

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