Director, Corporate Governance

1 month ago


Jersey City, United States MBK Search Full time

Job Description

What is the opportunity?

  • Support the Consolidated U.S. Operation (CUSO) inclusive of the US Group Holdings, the U.S. Intermediate Holding Company (IHC) which is subject to the Dodd Frank Regulation YY requirements and various regulatory filings to the Federal and local Regulators in accordance with U.S. GAAP and required to publish consolidated audited financial statements. Additionally, the IHC has regulated subsidiaries within our client's CUSO operations that are also required to have audited financial statements filed with the SEC in accordance with U.S. GAAP.
  • Misstatement in the preparation and presentation of financial and regulatory data is a material risk which attracts significant reputational risk and risk of action by our regulators that is mitigated by the design, implementation, and maintenance of effective internal controls. Additionally, financial data is provided to our client's Head Office for inclusion in the global financial and regulatory reporting process and the CUSO entities must comply with ur client’s global standards for control, accounting (under IFRS), and local reporting.
  • This role (75%) will be responsible for providing guidance to the businesses and reporting functions on the regulatory interpretation of instructions, rules and regulations published by various U.S. regulatory agencies (FRB, OCC etc. including Basel III endgame proposal) to ensure consistent application of instructions, and standardized documentation for regulatory reporting and capital policies across the CUSO.
  • The individual will also be responsible for oversight of the accounting advisory function (25%), providing technical expertise on accounting interpretations under US GAAP and IFRS (where applicable) to ensure that the CUSO in compliant with new reporting standards and pronouncements.
  • The individual will collaborate with business leaders and other functional areas, including Corporate Treasury, HO Accounting Policy Group (APG), Capital Planning and FRB Regulatory Reporting functions, to provide guidance on new business/products/strategic initiatives etc., develop accounting and regulatory reporting position papers with appropriate conclusions.

What will you do?

  • Document interpretation and conclusion of regulatory rules, specifically issued by the Federal Reserve Board, OCC (inclusive of the Interagency Guidance), Basel Committee on Bank Supervision and U.S. Securities and Exchange Commission, IIB, BPI etc. as applicable to CUSO to ensure consistent application across products and businesses.
  • Oversight of regulatory advisory processes, including monitoring emerging U.S. regulatory guidance/issues through interaction with various industry groups, standard setters/regulatory bodies, and coordinating the internal assessment and collective understanding of regulatory interpretations across CUSO functional teams as Chair of the CUSO Regulatory Interpretations working group.
  • Oversight of accounting advisory processes, including providing technical guidance to the broader U.S. Finance team with accountability for communication, consistency, and coordination with APG on implementation of U.S. GAAP and IFRS standards.
  • Periodically coordinate discussion on complex topics with internal and external auditors and regulators, as applicable.
  • Participate in training and publication efforts related to accounting and regulatory reporting matters.
  • Drive collaboration with business units and corporate functions in relation to new products/transactions to identify, document and resolve all financial and regulatory reporting implications.
  • Team leadership and development with responsibility for identifying team and individual goals, providing candid and actionable feedback, coaching and development while promoting a value-based and inclusive workplace.

What do you need to succeed?

  • Bachelor’s degree (preferred Accounting or Finance), MBA and/or CPA a plus.
  • 15+ years in a similar role at financial institution or a US regulatory body in a capital markets environment with significant experience on US Basel Rules for Advanced, and Standardized Approaches for Market Risk, Counterparty Credit Risk, and Securitization.
  • Deep and extensive capital markets experience in complex structures enabling an individual to deconstruct transactions and understand the underlying risks.
  • Advanced knowledge of regulatory frameworks as well as having held roles which involve interaction with supervisors / regulators is preferred.
  • Strong knowledge of key regulations and policies under the FBO Enhanced Prudential Supervision and Regulation Standards.
  • CPA with Big 4 or relevant regulatory body experience is preferred.
  • Ability to develop and manage relationships with industry peers.
  • Strong leadership skills, oral & written communication skills.



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