Deloitte Sr. Manager, Regulatory & Compliance, Banking & Securities in New York, New York
Deloitte is one of the leading professional services organizations in the United States, specializing in audit, tax, consulting and financial advisory services with clients in more than 20 industries. We provide powerful business solutions to some of the world s most well-known and respected companies, including more than 75 percent of the Fortune 100.At Deloitte, you can have a rewarding career on every level. In addition to challenging and meaningful work, you ll have the chance to give back to your community, make a positive impact on the environment, participate in a range of diversity and inclusion initiatives, and find the support, coaching, and training it takes to advance your career. Our commitment to individual choice lets you customize aspects of your career path, your educational opportunities and your benefits. And our culture of innovation means your ideas on how to improve our business and your clients will be heard.
Are you looking to manage large engagements supporting Chief Compliance Officers (CCO s), Chief Risk Officers (CRO s) and regulatory leaders ensure compliance with the ever changing regulatory environment within the Financial Services industry? Our regulatory and compliance team leverages deep knowledge of industry-specific regulations with demonstrated methodologies to design, assess, and transform the processes, controls and infrastructure needed to mitigate risk and achieve compliance.
Be a leader to a team responsible for designing the target operating model, assessing policies and procedures, testing and monitoring on a managed services and project basis, assessing risk, reporting and communicating, as well as building the analytics and reporting structures to allow for ongoing measurement and monitoring. Help us design proprietary tools, technologies and accelerators to allow clients a more proactive approach to managing risk and achieving regulatory compliance. We design comprehensive compliance programs and advise clients on how to effectively navigate a regulatory investigation or inquiry.
Work you ll do
As part of the R&C Banking & Securities team, your Senior Manager responsibilities will include:
Network and sell our services and lead proposal development efforts
Membership and visibility in professional & civic organizations
Participate and actively support activities related to regulatory authorities
Make decisions on the approaches, methods, and tools and accelerators to support service offering or industry specific projects
Lead problem solving as part of the engagement management team and seek to understand the broader impact of current solutions
Generate innovative ideas and challenge the status quo
Facilitate use of technology-based tools for review, design, and/or implementation of products and services
engagement planning, economics, and billing
Build internal relationships with Deloitte & Touche and Deloitte Tax LLP professionals & identify opportunities to cross-sell other services and improve engagement profitability
Keep the team up to date on market trends, competitor activities, Deloitte & Touche LLP products and service lines
Build and nurture positive working relationships with clients and exceed client expectations
Understand clients' business environment and the different approaches to risk management
Against an increasingly complex regulatory landscape, we help clientsmitigate risk and achieve compliance. We do this by leveraging our deep knowledge of industry regulations and proven methodologies to design, assess, and transform their processes. We work with our clients to effectively navigate a regulatory investigation or inquiry, achieving the overall risk profile they need to power their organization forward.Learn more about Deloitte Advisory s Regulatory and Compliance practice.
Demonstrated ability to identify, measure, manage, monitor, review, and report on risks
Experience integrating and managing risk and compliance-related activities
Experience in the creation / build out of compliance and risk enterprise frameworks and discrete programs, e.g. Reg W, CRA, Complaints, etc.
Skilled in industry research and benchmarking, performance assessments and development programs
10 years of work experience including a mix of consulting, regulatory, and/or Banking and Securities industry experience
BA/BS degree required; advanced degree preferred
Prior experience with any of the following activities/roles:
Bank and or Securities regulatory agency, preferably as a supervisory examiner for large/regional banks and broker dealers
Participate and actively support activities related to regulatory authorities
Participate in general bank and securities risk and compliance reviews including: pre-and- post examination activities, compliance and / or operational assessments, compliance testing and monitoring, compliance reporting, and enforcement action support.
Familiarity with examination process conducted by: Federal Reserve Bank, OCC, CFPB (Consumer Financial Protection Bureau), and the FDIC.
Experience in preparation/filing and/or review/audit of the following bank regulatory reports that are filed with the Federal Reserve
Experience with regulatory reporting /financial reporting/accounting processes:
Reconciling general ledger and sub-ledger data to regulatory reports
Responding to report queries from regulatory authorities
Preparation of variance analysis reports to support analytical review and commentary regarding key variances for corresponding reports
Review, update, and testing of reporting software logic as required for Finance target model changes, and reporting updates from regulators
Documenting policies, procedures, processes, and system flows related to regulatory reporting
Research and implementation of new and revised regulatory reporting requirements, as well as the evaluation of regulatory requirements for new products/transactions
Testing regulatory reports for accuracy and completeness as part of QA function
Experience with Regulatory Capital (Basel compliance)
preparing regulatory capital schedules (HC-R and/or RC-R) and reports FFIEC 101 and FFIEC 102
analysis of capital components/ratios with regulatory capital
Flexibility in learning new topics, handling change and deadlines
Ability to travel extensively
Opportunities for career advancement
At Deloitte, our professional development plan focuses on helping people at every level of their career to identify and use their strengths to do their best work every day. From entry-level employees to senior leaders, we believe there is always room to learn. We offer opportunities to help sharpen skills in addition to hands-on experience in the global, fast-changing business world. From on-the-job learning experiences to formal development programs at Deloitte University, our professionals have a variety of opportunities to continue to grow throughout their career. Explore Deloitte University, The Leadership Center.
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Category: Accounting & Auditing