Pursuing Audit Director – U.S. Regulatory Reporting Transaction Testing jobs places you at the critical intersection of financial integrity, regulatory compliance, and data governance within the banking sector. This senior leadership role is a cornerstone of a financial institution's internal audit function, specifically tasked with ensuring the accuracy and reliability of data submitted in key U.S. regulatory reports. Professionals in this field do not merely check boxes; they provide a vital, independent assurance that an institution's publicly reported financial data is materially correct, thereby safeguarding the firm against regulatory penalties and reputational damage. An Audit Director specializing in this area typically oversees the development and execution of a comprehensive, risk-based audit plan. This involves directing a team of audit professionals to perform substantive testing on the transactions and data flows that underpin regulatory filings. A core responsibility is designing and validating testing methodologies, such as data tracing and transaction vouching, to verify that information reported to regulators is complete, accurate, and generated from robust controls. This role demands constant vigilance regarding evolving regulatory expectations and industry best practices for data management, such as the principles outlined in BCBS 239. Common responsibilities for individuals in these jobs include managing multiple teams, developing talent, and controlling an audit budget. They are responsible for the timely delivery of high-quality, insightful audit reports that clearly communicate findings to executive management and audit committees. A significant part of the role involves interacting with and providing briefings to U.S. regulators, acting as a key point of contact for the internal audit perspective on data quality. Furthermore, they ensure that any identified issues are validated and remediated effectively, closing the loop on control weaknesses. Typical skills and requirements for these high-level jobs are extensive. Candidates generally possess 15 or more years of progressive experience in audit, risk, finance, or a related control function. A bachelor's degree is a minimum, with advanced degrees and professional certifications like CPA, CIA, or CFA being highly advantageous. A deep understanding of U.S. banking regulations and reporting requirements is non-negotiable. Success in this profession hinges on exceptional leadership and communication skills to influence a wide range of stakeholders, from technical teams to senior executives and regulators. Technical acumen is also critical, including a strong grasp of data quality concepts, and familiarity with data analytics tools and platforms can be a significant differentiator. For those seeking a challenging career that directly impacts a bank's stability and regulatory standing, Audit Director – U.S. Regulatory Reporting Transaction Testing jobs represent a pinnacle of professional achievement.
