Senior Reporting Specialist

3 weeks ago


New York, New York, United States RIT Solutions, Inc. Full time
Corporate Audit Specialist

RIT Solutions, Inc. is seeking a highly skilled Corporate Audit Specialist to join our team. As a key member of our Corporate Audit team, you will play a critical role in addressing a Severity 1 issue related to Schedule L of the FR Y-14Q (Counterparty Credit) report.

Key Responsibilities:
  • Validate the remediation of management processes and controls involved in the preparation and submission of the Schedule L report.
  • Lead and oversee the entire project, ensuring all phases are executed efficiently and effectively.
  • Provide continuous support to various teams, review workpapers, and deliver regular status updates to senior management.
  • Validate action plans related to the preparation of the Schedule L report, ensuring strict adherence to instructions, business requirements documents (BRD), and governance protocols.
  • Review manual adjustments and data sourcing processes to ensure accuracy.
  • Validate the technology framework and IT General Controls (ITGCs) associated with applications used in the preparation of the Schedule L report.
  • Ensure the proper implementation of predefined system logic.
  • Validate the models used for calculating counterparty credit data, including Current Exposure.
  • Conduct comprehensive validation of data quality checks, focusing on ensuring the completeness and accuracy of upstream data, particularly in the context of Schedule L reporting.

This role requires a deep understanding of data sourcing, model execution, counterpart credit calculations, manual adjustments, and report production processes. If you have extensive experience in corporate audit within the banking and finance industry, strong project management skills, and in-depth knowledge of Schedule L, Counterparty Credit, data quality assurance, and technology frameworks, we encourage you to apply.



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