Regulatory Reporting QA Vice President

Role Description

The Regulatory Reporting Quality Assurance (RRQA) within SMBC’s Finance Control Oversight (FCO) function conducts independent risk-based assessments of U.S. regulatory reporting processes to evaluate reporting accuracy, completeness, conformance with regulatory requirements, and effectiveness of related controls.

The RRQA VP applies significant regulatory reporting expertise in a senior assessment role, responsible for leading complex testing activities and training Associates. The VP works under the supervision of the Director (assessment owner) and plays a critical role in the execution of RRQA assessments—covering internal control effectiveness, reporting logic conformance, and accuracy of underlying transaction-level data.

The VP will lead key segments of quarterly assessments, manage planning and scoping for high-risk areas, and oversee execution of testing procedures.

The role is also responsible for continuous risk monitoring, issue validation, and contributing to methodology enhancements.

Role Objectives: Delivery

• Lead Testing Execution: Own complex testing workstreams, including risk identification, sampling, and evaluation of internal control effectiveness and transaction-level data accuracy.
• Assessment Planning: Collaborate with RRQA Directors to define scope, risk prioritization, and sampling strategies for assessments.
• Workpaper Quality: Ensure documentation meets FCO Standards, including clear articulation of procedures, assumptions, conclusions, and root cause analysis to support assessment conclusions.
• Issue Validation: Oversee follow-up testing for remediation validation and provide recommendations for sustainable control improvements.
• Stakeholder Engagement: Communicate findings and recommendations to senior stakeholders, influencing remediation strategies and control enhancements.
• Mentorship: Coach Associates on testing techniques, documentation standards, and regulatory reporting concepts.
• Continuous Improvement: Contribute to RRQA methodology development, automation initiatives, and best practices for testing efficiency.

Qualifications and Skills

• Bachelor’s degree in Accounting, Finance, Business Analytics, or related field; advanced degree or professional certification (CPA, CIA, CFA) preferred.
• 7+ years of experience in regulatory reporting, audit or internal control assessment, with demonstrated leadership in complex testing engagements.
• Extensive knowledge of U.S. regulatory reports (e.g., FR Y-9C, FR 2052a) and related instructions, and banking products (loans, deposits, derivatives, securities).
• Strong analytical, problem-solving, and communication skills, with ability to present to senior management.
• Familiarity with data governance, data quality concepts, and regulatory requirements.
• Ability to manage multiple priorities and lead teams in a fast-paced environment.