Overview

The Regulatory Reporting Assurance (RRA) function operates as a management assurance team within the Controller’s Organization under Corporate Finance. The team is responsible for providing independent assurance over the design and effectiveness of controls supporting global regulatory reporting, including Basel, CCAR, and other high-risk or regulator-focused areas.

RRA’s primary mandate is to assess the accuracy, integrity, and regulatory compliance of reported data, alongside evaluating the effectiveness of associated risk management frameworks. The team partners closely with stakeholders across Finance, Global Treasury, Risk Management, Business Units, and other assurance functions.

This role offers the opportunity to contribute to a growing and evolving function, gain deep expertise in global regulatory requirements, and develop a broad understanding of the organization’s end-to-end business operations.

RRA Mission

• Provide effective and independent challenge to management to promote compliance with regulatory and internal policy requirements
• Support executive management and the Board through objective reporting on the effectiveness of financial and regulatory processes
• Partner with stakeholders to proactively identify operational and compliance risks and support sustainable mitigation strategies
• Deliver actionable risk and control insights to enhance business outcomes through strong, collaborative partnerships

Key Responsibilities

• Execute control testing frameworks to assess whether systems and processes supporting regulatory compliance are appropriately designed, documented, implemented, and governed, including data quality controls
• Support risk assessments to identify areas requiring targeted or in-depth testing
• Participate in assurance reviews by:
  • Evaluating the control environment
  • Developing testing strategies
  • Performing control and sample-based testing, including substantive testing
• Conduct walkthroughs with process and control owners to assess inherent risks, identify key controls, and determine control gaps
• Independently assess and challenge the design and operating effectiveness of controls
• Document testing procedures, findings, and supporting evidence in line with audit standards
• Identify, assess, and track issues, partnering with management to ensure timely resolution
• Develop clear, actionable recommendations and support remediation of identified risks and control gaps
• Provide timely and transparent updates to management on review progress and outcomes
• Engage stakeholders to facilitate delivery execution and effectively communicate findings and conclusions
• Build and maintain strong working relationships across key stakeholder groups, including Regulatory Reporting, Product Control, Operations, Treasury, Technology, and Risk
• Develop subject matter expertise in regulatory frameworks, industry practices, and evolving supervisory expectations
• Drive continuous improvement and transformation initiatives to enhance RRA capabilities as a second line of defense function
• Provide day-to-day coaching and guidance to team members, fostering capability development

Qualifications and Experience

Education & Certifications

• Bachelor’s degree in Accounting, Finance, or a related field
• Advanced qualifications such as MBA/PGDBM, CA, or CPA preferred
• 5-7 years of progressive experience in auditing, preferably within financial services and/or Big 4 environments
• Professional certifications such as CIA or CFA are advantageous

Domain Knowledge

• Strong familiarity with Basel frameworks, Federal Reserve regulations (e.g., CCAR/FR Y-14), and/or SEC reporting requirements
• Familiar with Altryx/Power BI and AI tools
• Exposure to IT General Controls (ITGCs) is a plus

Skills and Competencies

• Knowledge of regulatory reporting control frameworks and assurance methodologies
• Understanding regulatory reporting risks related to completeness ,accuracy v,alidity, and timeliness of submissions.
• Strong understanding of internal control frameworks and risk management principles
• Knowledge of banking products, including loans, deposits, securities, and derivatives
• Proven ability to perform substantive testing and assess compliance with regulatory reporting instructions
• Strong auditing and analytical skills, including interpretation of complex regulatory requirements
• Excellent critical thinking skills with the ability to articulate and defend a clear point of view
• Strong verbal and written communication skills, with the ability to influence and challenge stakeholders effectively
• Proactive, solution-oriented mindset with strong problem-solving capabilities
• High attention to detail and commitment to quality
• Ability to work independently with minimal supervision while contributing effectively in a team environment
• High energy, professionalism, integrity, and accountability

Why Join RRA

• Opportunity to contribute to a high-impact, evolving assurance function
• Exposure to enterprise-wide regulatory processes and senior stakeholders
• Strong platform for developing expertise in regulatory reporting and risk management
• Collaborative environment focused on continuous learning and transformation

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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