Audit Manager for Regulatory Reporting, Assistant Vice President, Hybrid

State Street Corporation
Boston, USA
07 Jun 2022
01 Jul 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Who we are looking for

We are looking for an experienced Audit Manager for Regulatory Reporting, Assistant Vice President, that will audit the controls around the preparation and submission of regulatory reports submitted to key regulators such as the Federal Reserve Bank (FRB) and the Office of the Comptroller of the Currency (OCC). In this role you will audit the controls over reporting on Liquidity Risk, Comprehensive Capital Analysis and Review (CCAR), Basel, and/or Asset Liability Management (ALM). Key reports that will be covered include the FR Y-14Q, FR Y-9C, and the FFIEC 031 Call Report. You will assess the risk and controls around the design, development, delivery of data from source document or operating systems to the submitted reports, including the flow of the data through relevant staging areas, data warehouses and/or data marts. In this role, you will be part of the Audit Division and will ideally be based in Boston, Massachusetts.

This role can be performed in a hybrid model, where you can balance work from home and office to match your needs and role requirements.

Why this role is important to us

The team you will be joining plays an important role in the overall success of the organization. Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. To make that happen we need teams like yours to help navigate employees and the organization as a whole. In your role you will strive for cutting-edge solutions, that are straightforward and scalable. You will help us build resilience and execute day to day deliverables at our best. Join us if making your mark in the financial services industry from day one is a challenge you are up for.

What you will be responsible for

As Audit Manager for Regulatory Reporting, Assistant Vice President you will:
  • Plan, execute and complete audits over regulatory reporting using a risk-based approach and according to State Street's Audit Methodology including identification of audit issues and timely delivery of audit reports
  • Manage audit projects (in-person or virtually) with teams in various geographical locations
  • Recommend internal control improvements that may include operational enhancements or efficiencies, and identify audit issues, as appropriate
  • Review and validate remediation actions for external or internally identified issues
  • Develop an understanding of process and control industry standards, risk management practices and techniques, and internal audit process, technology and tools for planning, design, performance, testing and reporting.
  • Design, develop and deliver data dashboard tools developed to provide continuous assurance over key reports
  • Develop a thorough understanding and knowledge base of the company's operations, establish effective business relationships within the company and assist management in the understanding and adaptation of internal control principles.
  • Create an environment of trust by coaching and developing audit staff through timely, meaningful and constructive feedback. Solicit diverse views from team members and foster an inclusive team environment;
  • Maintain a current knowledge of audit industry practices and ensure best practices are always considered.
  • Any other projects as assigned that support the Audit Department.

What we value

These skills will help you succeed in this role
  • High degree of professionalism and leadership skills.
  • Possess proficient organizational, analytical and project management skills.
  • Able to manage complexity, to multi-task and work independently in non-routine situations.
  • Effective communication and coordination with business management at all levels.
  • Excellent written, verbal, interpersonal and presentation skills.
  • Demonstrate knowledge of financial and operational internal control methodologies and terminologies (e.g. COSO).

Education & Preferred Qualifications
  • Bachelor's degree required, preferably in Finance or Business.
  • Professional audit certifications preferred; a CPA, CIA or CISA is a plus.
  • Four years or more experience in Financial Services Audit, in either Big 4 Public Accounting, Corporate Internal Audit, Risk Advisory practices, or a regulatory agency.
  • Experience with assessment and testing of controls over FRB, FDIC, and FFEIC reporting (including Liquidity Risk, CCAR, Basel, Call Reports, etc.).
  • Strong knowledge of Data Modeling (ETL, Data Warehouse, Data Mart, etc.) and tools: SAS, SQL, Tableau.
  • Experience in BCBS 239- Data Quality Assessments: Data dictionaries, Data lineage, including Functional (Data Accuracy/Completeness) and Technical (Interface, etc.) control frameworks preferred

Additional requirements

Travel up to 25% may be required.

Are you the right candidate? Yes!

We truly believe in the power that comes from the diverse backgrounds and experiences our employees bring with them. Although each vacancy details what we are looking for, we don't necessarily need you to fulfil all of them when applying. If you like change and innovation, seek to see the bigger picture, make data driven decisions and are a good team player, you could be a great fit.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary by location, but you may expect generous medical care, insurance and savings plans, among other perks. You'll have access to flexible Work Programs to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspectives are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift programs and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

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COVID-19 Protocols: Complying with State Street's COVID-19 protocols is a condition of employment. Those requirements may vary depending on circumstances and legal requirements, and may include, without limitation, a requirement to be vaccinated (or have an accommodation), to disclose vaccination status, to provide evidence of vaccination status, etc.


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