Capital One Regulatory Reporting Quality Assurance Principal Associate 

United States, Virginia, Richmond 

405885205

West Creek 3 (12073), United States of America, Richmond, Virginia Regulatory Reporting Quality Assurance, Principal Associate

Description:

If you’re looking for a fast paced, dynamic and innovative firm founded on a culture of diversity and inclusion that can provide you with a challenging role and long term career development opportunities then read on.

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.

Key Job Responsibilities:

who excels in a collaborative environment and will take ownership of their responsibilities.

would be a self-starter responsible for managing multiple priorities. Key responsibilities include:

• Lead and responsible for overall execution of the RRQA program including milestones for risk assessment activities, substantive testing reviews, PLA engagement, control challenge, issue analysis/management, and governance reporting.

• Direct team members through completion of substantive testing reviews and other routine and ad-hoc program activities.

• Liaise between business process performers, risk offices, internal auditors and accountable executives to communicate identified risks or issues and recommended remediation actions to these stakeholders.

• Engage and serve as primary point of contact in change forums to understand and advise on potential changes to reporting requirements or changes in business environment that may impact reporting.

• Facilitate and coordinate team participation in process level assessments to strengthen the overall control environment over data used in Regulatory filings including participating in enterprise forums and adjusting team processes based on changes in enterprise requirements.

• Perform and oversee 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.

• Prepare routine and ad-hoc reporting detailing risks, control, and issue monitoring over the regulatory reporting environment for senior leadership and key stakeholders.

• Analyze known issues, identify root cause, and recommend remediation actions through succinct, organized, and audience tailored communications

• 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

• Other responsibilities as deemed necessary

Skills:

• Strong written, communication, and presentation skills, including the ability to liaise with and influence senior subject matter experts

• Leadership to drive results through others, work autonomously, and work within a team and to collaborate with peers and leadership to drive program results

• Key lead 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

• Effectively collaborate with technology to develop innovative solutions to drive process efficiencies and implement automation where possible

• Creative problem solving and intuitive thinking used to make sound decisions and provide insights to stakeholders

Basic Qualifications:

• Bachelor's Degree or related military experience

• At least 3 years of experience in Internal Controls, Audit, or combination

Preferred Qualifications:

• At least 4 years of Accounting, Finance, or audit experience within the financial services industry

• At least 4 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

. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

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 . All information you provide will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.