Asst. Director - Reg. Reporting, QA
American International Group - New York, NY

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AIG is seeking an Asst. Director, Regulatory Reporting for its Quality Assurance and Governance initiative in our New York office The right individual will report to the Director of Regulatory Reporting and will help in building the new Governance & Quality Assurance function that's critical to the Regulatory Reporting team. As part of this new regulatory environment, the Company will need to comply with new financial reporting requirement under the Fed. This person will help building the QA process that helps improving the quality of data in the Company's regulatory filings. Additionally, he/she will also help transition the Company to this new regulation and establish a business-as-usual reporting process to comply with the Fed requirements.

Responsibilities:
Assist finance management in enhancing the control environment and data quality around the regulatory reporting (FRY-9C, FRY-9LP, FRY -11, FR 2314, FRY 6, FRY 10) production processes:

Assist in developing governance framework for regulatory reports including but not limited to Forms FRY-9C, FRY-9LP, FRY -11, FR 2314, FFIEC 009.

Provide an independent assessment of the regulatory report production cycle (i.e. completeness, accuracy and timeliness).

Assist key stakeholders in remediating findings and gaps identified during the QA process.

Enhance regulatory risk awareness:Work with finance management.:
Assess the quality of the regulatory reporting production processes utilizing a risk based testing approach.

Understand the root cause of issues noted during the QA process.

Collaborate with report owners and data providers to formulate remediation steps that will enhance the control environment.

Monitor status of issues if any.

Build training and development to help build wider awareness of regulatory expectations across the Company by proactively engaging business and other shared functions on regulatory related issues.

Identify training needs as they arise from testing issues.

Position Requirements

B.A. / B.S. degree in Accounting is required. Previous public Accounting experience and/or a CPA is preferred.

10 or more years of accounting and financial reporting experience with prior Fed or similar Regulatory experience (e.g., former FED examiner).

Experience with regulatory reporting such as Forms FRY-9C, FRY-9LP, FRY -11, FR 2314, FFIEC 009, 101, 031 is most helpful.

Prior QA & regulatory governance experience is strongly desired.

Strong technical, analytical, organizational, and problem solving skills.

Ability to manage multiple responsibilities under tight time frames.

Excellent verbal, written and presentation skills are essential.

Detail oriented, highly motivated, team player.

American International Group - 20 months ago - save job
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