Regulatory Reporting QA

Role Description

Regulatory Reporting Quality Assurance (RRQA), within SMBC's Finance Control Oversight (FCO) function, conducts independent risk-based assessments of U.S. regulatory reporting processes to evaluate reporting accuracy, completeness, conformance with regulatory requirements, and effectiveness of related controls.

The RRQA Associate supports the execution of RRQA assessments under the guidance of assessment leads and Directors. The Associate participates in testing activities focused on internal control effectiveness, reporting logic conformance, and the accuracy of underlying transaction-level data.

The Associate contributes to assessment planning, testing execution, workpaper documentation, issue validation, and continuous risk monitoring activities. The role provides significant opportunities to develop expertise in U.S. regulatory reporting requirements, banking products, and risk-based assessment methodologies.

The position requires strong analytical and problem-solving skills, attention to detail, effective written and verbal communication, and the ability to work collaboratively with stakeholders across Finance, Risk, Technology, and Operations.

Role Objective: Assessment Execution & Support

• Assist with assessment planning activities, including preliminary analysis to understand regulatory report production and data sourcing processes and associated risks and controls.

• Perform walkthroughs, assess risks, profile data, select samples, and perform data analysis in accordance with RRQA methodology and FCO Standards.

• Execute testing procedures to evaluate internal control effectiveness, reporting logic conformance, and transaction-level data accuracy.

• Prepare clear and comprehensive workpapers that document testing procedures, assumptions, observations, supporting evidence, and conclusions, in accordance with FCO Standards.

Role Objective: Issue Validation

• Perform follow-up testing to assess the effectiveness of remediation actions for previously identified issues.

• Document validation results and support issue closure determinations.

Role Objective: Continuous Monitoring

• Support continuous monitoring activities by analyzing regulatory reporting developments, risk indicators, organizational changes, and issue trends.

• Assist in identifying emerging risks that may impact future assessment planning.

Role Objective: Stakeholder Collaboration

• Collaborate with business partners to obtain documentation, understand processes, and discuss testing results.

• Communicate testing observations and information requests professionally and effectively.

Role Objective: Professional Development

• Build knowledge of U.S. regulatory reports, banking products, data flows, and regulatory reporting requirements.

• Participate in training and continuous learning opportunities to enhance technical and regulatory expertise.

Qualifications & Skills

• Bachelor’s degree in accounting, finance, business analytics, information systems, or a related field.

• 3+ years of experience in audit, internal controls testing, regulatory reporting, risk management, or a related discipline.

• Basic understanding of U.S. regulatory reporting requirements and banking products (loans, deposits, derivatives, securities) preferred.

• Strong analytical, critical thinking, and problem-solving skills.

• Strong written and verbal communication skills, with the ability to clearly document work and communicate findings.

• Familiarity with data governance, data quality concepts, and regulatory reporting processes is a plus.

• Proficiency in Microsoft Office applications, including Excel, Word, and PowerPoint.

• Ability to manage multiple assignments, meet deadlines, and work effectively in a team environment.