Senior Manager, Finance Operational Risk Assurance
Location: Dallas, TX
Work Arrangement: Hybrid currently 2 days onsite (Thursday & Friday)
Employment Type: Direct Hire
Compensation: $102,000–$192,000
About the Opportunity
Our client is a leading global financial institution seeking a Senior Manager, Finance Operational Risk Assurance to join its U.S. Finance organization.
This role is focused on Finance, U.S. Federal Reserve regulatory reporting, financial reporting controls, and testing/assurance. The ideal candidate will bring strong experience within a banking environment and be comfortable interpreting regulatory reporting requirements, evaluating controls, performing testing, identifying issues, and working with stakeholders to drive remediation.
This is not a traditional AML, KYC, Regulatory Compliance, or general Operational Risk position. The role sits at the intersection of Finance, Regulatory Reporting, Financial Controls, and Assurance.
Key Responsibilities
- Design and execute testing strategies and plans to evaluate controls over regulatory reporting.
- Review regulatory reports and validate information back to underlying source documentation and transactions.
- Interpret Federal Reserve regulatory reporting instructions and assess compliance with reporting requirements.
- Design and execute testing plans related to Internal Controls over Financial Reporting (ICOFR).
- Review outstanding reporting and control issues, identify trends and themes, determine root causes, and develop remediation strategies.
- Prepare dashboards, reports, and presentations communicating testing results and the overall state of internal controls.
- Work with Finance and cross-functional stakeholders to resolve control and reporting issues.
- Develop, maintain, and facilitate updates to policies, procedures, and testing documentation.
- Coordinate training and educational programs related to Finance Operational Risk Assurance.
- Monitor quality assurance results and operational performance metrics.
- Partner with internal and external auditors and assist with regulatory examinations.
- Coordinate regulatory examination requests, deliverables, and supporting documentation.
- Support governance and committee activities within the U.S. Finance organization.
- Lead or participate in special projects and process improvement initiatives.
- Identify opportunities to leverage technology and AI to improve efficiency and enhance existing processes.
- Promote a strong control environment while ensuring adherence to applicable regulatory, operational, and financial reporting requirements.
- Manage testing engagements, stakeholders, deliverables, and deadlines independently.
Required Qualifications
- Bachelor's degree in Accounting, Finance, or a related field.
- Approximately 10+ years of progressive experience in financial/regulatory reporting, internal controls, assurance, audit, or a related function within a complex financial institution.
- Hands-on experience with U.S. Federal Reserve regulatory reporting.
- Ability to read, interpret, and apply Federal Reserve regulatory reporting instructions.
- Experience testing regulatory or financial reporting controls and documenting results.
- Strong understanding of internal controls and the COSO framework.
- Experience with Internal Controls over Financial Reporting (ICOFR).
- Strong understanding of financial reporting and accounting principles.
- Experience identifying control weaknesses, performing root-cause analysis, and driving issue remediation.
- Ability to manage multiple projects and deadlines simultaneously.
- Strong analytical, problem-solving, written, and verbal communication skills.
- Ability to influence and collaborate with stakeholders across Finance and other business functions.
- Strong Microsoft Office skills and comfort working with technology and AI-enabled tools.
- Preferred Qualifications
- CPA or other relevant professional designation.
- Experience with FFIEC 002, FR Y-15, or other Federal Reserve regulatory filings.
- Experience working within a large, complex, or global banking organization.
- Background in regulatory reporting, financial reporting QA, controls testing, internal audit, or assurance.
- Experience with complex banking products such as securities, loans, derivatives, or other capital markets products.
- Experience working with Finance, Credit, Risk, Product Control, Front Office, Middle Office, and Back Office stakeholders.
Direct FFIEC 002 or FR Y-15 experience is preferred but not required. Experience with other Federal Reserve regulatory reports may be considered if the candidate has a strong understanding of U.S. regulatory reporting requirements and controls testing.
Ideal Background
Candidates may come from:
- Finance Regulatory Reporting
- Regulatory Reporting Quality Assurance
- Financial Reporting QA
- Internal Audit
- Internal Controls
- Controls Testing / Assurance
- Second or Third Line of Defense
- Finance Risk & Controls
- Big Four Financial Services Audit/Advisory
The ideal candidate will understand the distinction between regulatory financial reporting and traditional regulatory compliance functions.
What We're Looking For
- Strong stakeholder and relationship-management skills.
- Confident communicator who can interact with senior professionals.
- Highly organized and comfortable managing multiple deadlines.
- Strong attention to detail and analytical ability.
- Comfortable working independently and taking ownership of engagements.
- Collaborative team player who is willing to share resources and knowledge.
- Ability to influence stakeholders and drive change.
- Comfortable operating in a complex, highly regulated financial-services environment.
- Work Environment
