Summary:
The Regulatory Reporting Quality Assurance (RRQA) function is responsible for performing independent validation of regulatory reporting data integrity and the associated control environment. Key roles and responsibilities entail leading and performing periodic reviews of data reported in the company’s regulatory filings, such as the FFIEC 031 “Call Report”, FR-Y-9C, FR 2052a, and FR Y-14 M and FR Y-14Q and FR Y-14A reports, among others, which may include substantive testing and review of control testing for the purposes of ensuring accuracy of reports submitted to regulators. Substantive testing includes reviewing reported balances, products, and accounts to ensure accurate coding at source system and/or to verify against contract documents. The Regulatory Reporting Quality Assurance team also monitors the overall control environment supporting key regulatory reporting filings and serves as advisors to identify opportunities to further strengthen the environment to meet regulatory expectations.
General Responsibilities:
This risk management position is focused on controls management and substantive testing of the company’s regulatory filings. Key responsibilities include:
Performing transaction level procedures, including, but not limited to, identifying and defining issues, reviewing and analyzing evidence, documenting target area processes and procedures, and recommending remediation
Perform quality assurance procedures, including, but not limited to, identifying and defining issues, reviewing and analyzing substantive evidence, documenting target area processes and procedures, challenging control testing, and recommending remediation.
Analyze known issues, identify root cause, and recommend remediation actions through succinct, organized, and audience tailored communications
Prepare routine and ad-hoc reporting detailing risks, control, and issue monitoring over the regulatory reporting environment for senior leadership and key stakeholders
Assist with preparation of written reports and oral presentations to communicate identified issues and recommended remediation actions
Perform other routine program activities such as GRC data reconciliations and maintenance of key team reports and documents.
Develop a high level of knowledge around regulatory reporting compliance, risk management, and evolving industry and regulatory changes and understand the broader context of implication of regulatory reporting risks affecting the company
Build and maintain good working relationships with other lines of business and senior management to improve overall quality of regulatory reporting
Other responsibilities as deemed necessary
Basic Qualifications:
Educational Background: Bachelor's Degree
Professional Experience: At least 2 years of experience in Internal Controls, Audit, or combination
Skills:
Strong written, communication, and presentation skills, including the ability to liaise with and influence senior subject matter experts
Leadership to work autonomously and work within a team and to collaborate with peers and leadership to drive program results
Drive program activities autonomously in accordance with schedule.
Organize and present data in a meaningful way, including analyzing and summarizing detailed information from various sources
Strong quantitative and qualitative analytical skills
Multi-task and adapt quickly to change
Create and manage detailed project plans including managing interdependencies
Creative problem solving and intuitive thinking used to make sound decisions and provide insights to stakeholders
Sense of ownership and accountability for work
Preferred Qualifications:
At least 3 years of Accounting, Finance, or audit experience within the financial services industry
At least 3 years of experience in Auditing and Control Evaluation
Knowledge of Regulatory Reporting filings such as the FFIEC 031 Call Report, FR Y-9C, FR Y-14A/M/Q, FR 2052a, among others.
Certified Public Accountant (CPA), Certified Internal Auditor (CIA), Certified Information Systems Auditor (CISA), or equivalent certification
If you have visited our website in search of information on employment opportunities or to apply for a position, and you require an accommodation, please contact Capital One Recruiting at 1-800-304-9102 or via email at RecruitingAccommodation@capitalone.com. All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.
For technical support or questions about Capital One's recruiting process, please send an email to Careers@capitalone.com
Capital One does not provide, endorse nor guarantee and is not liable for third-party products, services, educational tools or other information available through this site.
Capital One Financial is made up of several different entities. Please note that any position posted in Canada is for Capital One Canada, any position posted in the United Kingdom is for Capital One Europe and any position posted in the Philippines is for Capital One Philippines Service Corp. (COPSSC).