VP, Data Validation Testing Lead

Full Time

Madison-Davis

EXTERNAL CLIENT ROLE

Job Description:

The Vice President of Data Assurance and Validation Team (“VP”) has business and data analytical skills as well as a knowledge of regulatory, management, and risk reporting requirements covering the key products offered across the US Operations. The VP will provide independent validation over the end-to-end completeness and accuracy of the work performed for production of regulatory, management and risk reporting. To achieve this objective, the VP will conduct independent reviews on disclosures with a focus on the control environment, reporting processes, data dictionaries, and ensure compliance with regulatory guidance and data governance standards. The VP is independent of all US Operations reporting activities and housed in the US Region Data Risk Management activities. The VP will define the functional requirements for testing, test data sampling, develop independent validation plans, and implement the firms’ regulatory, risk, and management reporting data assurance and validation framework across US Entities. The VP performs a control function and should have a broad experience of working in regulatory and risk management reporting, preferably in a policy development, report production or consultancy function.

Responsibilities:

  • Review business requirements against relevant regulations based guidance and substantive testing of those requirements to ensure accuracy and completeness of implementation of MDRM calculations, report production and submission
  • Review risk appetite limits, thresholds, and KRIs across various risk stripes and perform substantive testing of risk data aggregation and underlying data used for reporting
  • Review of existing data assurance and validation framework, including maintaining and developing data validation tools and templates, manual adjustments variance check processes and procedures
  • Focuses on control environment and monitoring / driving process efficiency, including challenges of operating model and cross border data transfer
  • Plan and executes data risk assessment and testing validation plan; monitors team progress and status
  • Test data quality and population control, leveraging firm-wide processes and developing reconciliations
  • Review working papers and draft reports prepared by testing staffs across US Entities; provides subject matter expertise support as required
  • Monitors consistent application of data assurance and validation methodology approach and tools (e.g. DAV testing work paper details, documentation evaluation, KDE traceability and logic testing)
  • Writes detailed observations and findings reports for senior management review, including recommendations on resolution specific to reports and underlying data
  • Communicates and escalates findings to stakeholders, CRO and senior management as needed
  • Coordinates with US Entities (departments, lines of business, data management, IT, etc.) to track resolution of data assurance and validation observations and findings

Required Skills and Personal Attributes:

  • Knowledge of the banking, capital markets operations and data analysis;
  • Possesses subject matter expertise in Call reports/ Loan products schedules
  • Mathematical skills with an understanding of data quality metrics, data infrastructure, metadata repositories (including data dictionaries), and attention to details
  • Independent worker, accountable and skilled in exercising sound judgment and decisiveness under pressure
  • Knowledgeable of risk data aggregation and risk reporting (RDAR) management and associated regulatory requirements (BCBS 239) are required.
  • Strong interpersonal, team-working and organizational communication skills
  • Computer proficiency in Microsoft Office (including Access) and risk management tools
  • Good command of spoken and written English and Mandarin (preferred)

Qualifications:

  • BS in Quantitative discipline required or advanced technical degree in finance, financial engineering, accounting, audit, mathematics, or related fields.
  • Industry certifications (e.g., CPA, CFA, CIA, FRM)
  • 7+ years of experience working in data related quality assurance of regulatory and risk management reports production or in independent validation and review of reports
  • Experience at a foreign bank organization preferred
  • Internal audit and testing experience preferred
  • Regulatory supervisory reviews experience preferred

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