Senior Manager, Finance Operational Risk Assurance

Location: Houston, 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
   

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