Global Finance Quality Assurance (GFQA) is a first line of defense function in Finance Chief Operating Officer (COO) Organization. which ensures comprehensive end-to-end coverage of the firm’s spot risk-weighted assets (RWA) calculation and reporting via Conformance Testing, Transaction Testing and Report Production Controls Testing. The testing scope is prioritized over a multi-year horizon and leverages a risk-based approach, to assess targeted areas of testing for the teams.
This role will support Market Risk Lead of RWA Analytics & Quality Control by carrying out a strategic, firm-wide process to substantively test Spot RWA actuals for Market Risk exposures, focused on the Fundamental Review of the Trading Book (FRTB) regulations, in a sustainable way. This role will be a leader in the new RWA QA function being built within the larger 1LoD team. The candidate will work with the Lead to develop and implement audit-style testing protocols to ensure the transparency and appropriateness of data inputs, calculation logic and reporting outputs for these types of Spot RWA balances, and report conclusions from these testing regimes to senior management. This role will also analyze testing results to make recommendations to management for improvements to the RWA production process, and coordinate with Capital Planning, Treasury and Finance Transformation Office leadership to ensure the discovered issues are appropriately prioritized and addressed.
This role will play an integral part in executing the firm-wide, cross-functional plans necessary to close the gaps identified by the Consent Order and other relevant regulatory-focused deliverables over a multi-year timeframe.
This is a critical “build the bank” and “run the bank” role that will provide significant exposure to senior management and will partner extensively with colleagues across Finance/FRSS; the RWA workstreams; technology and data governance teams; 2nd line of defense functions including the Capital Planning Review Group; and front office business lines. Ability to work under pressure to meet tight deadlines and excellent interpersonal skills are required given the level of interaction with senior managers, auditors and regulators.
Reporting Structure and Responsibilities
This RCQA role will be responsible for:
Qualifications
Job Family Group:
Finance
Job Family:
Fin Solutions Dsgn & Implement
Time Type:
Full time
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