Lead Analyst - Transaction Testing (US Regulatory Reporting)

FC Global Services India LLP (First Citizens India), a part of First Citizens BancShares, Inc., a top 20 U.S. financial institution, is a global capability center (GCC) based in Bengaluru. Our India-based teams benefit from the company’s over 125-year legacy of strength and stability. First Citizens India is responsible for delivering value and managing risks for our lines of business. We are particularly proud of our strong, relationship-driven culture and our long-term approach, which are deeply ingrained in our talented workforce. This is evident across all key areas of our operations, including Technology, Enterprise Operations, Finance, Cybersecurity, Risk Management, and Credit Administration. We are seeking talented individuals to join us in our mission of providing solutions fit for our clients’ greatest ambitions.

Job Description:

Value Preposition

Enterprise Controls Assurance (EC&A) is hiring a Lead Analyst to join our 1st line transaction testing function. In this role you will play a pivotal role in helping to establish a sustainable and repeatable transaction testing function to help ensure the Bank’s regulatory and risk reporting is based on strong data quality in financial transactions and adheres to report instructions and Bank standards.

Job Details

Position Title:  Lead Analyst – Transaction Testing

Career Level:  P3

Job Category: Lead Analyst

Role Type: Hybrid

Job Location: Bangalore  

About the Team:

Collaborates closely with Regulatory Reporting, Accounting, Finance, Internal Audit, Compliance, and business operations teams to validate transactions, resolve exceptions, strengthen internal controls, and ensure accurate and compliant reporting. The Transaction Testing team member collaborates closely with Regulatory Reporting, Accounting, Finance, Internal Audit, Compliance, and business operations teams to validate transactions, resolve exceptions, strengthen internal controls, and ensure accurate and compliant reporting.

Impact

Transaction Testing work with Regulatory Reporting to validate that the information reported on the bank’s regulatory reports is consistent with the loan documents and the information in the loan systems to ensure good data quality in our report. Upon completion of testing by the India-based team, stakeholder begin compiling the findings into a comprehensive report, which will subsequently submitted to the Regulatory Reporting team.

Key Deliverables

• Provide end-to-end support to the 1LOD Transaction Testing function responsible for substantively reviewing a sample of financial transactions reported in the Bank’s regulatory and risk reports. Extract and analyze large datasets of the Bank’s financial transactions included in key reporting and implement a risk-based approach to define the review scope, including the identification of anomalies in critical data elements that may indicate data quality issues that necessitate further testing.

• Perform Adherence reviews on the Bank’s regulatory reporting tool to validate sampled financial transactions are complete and accurate. Review and interpret data lineage and logic used to compile Bank data for reporting to ensure financial transactions and related critical data elements are represented in a manner that complies with bank and regulatory requirements.

• Prepare Adherence reports summarizing the results to key stakeholders and create sufficient workpaper documentation in accordance with Enterprise Control & Assurance procedures.

• Develop and consistently demonstrate an understanding of the Bank’s financial transaction data (e.g., loans, deposits, securities) included in reporting.

• Partner with key stakeholders in regulatory reporting, finance, and technology to ensure consistent definitions exist for critical data elements in accordance with reporting standards.

• Stay abreast of changes in banking regulations and reporting requirements (e.g., FDIC, FRB, FFIEC) to ensure transaction testing aligns with current regulations, industry standards, emerging trends, and overall leading practices.

• Work independently and collectively with peers. Demonstrate critical thought, attention to detail, and a natural curiosity to help drive solutions and create value-add results.

Skills and Qualification

Functional Skills:

• Bachelor's Degree with a minimum of 8 years of experience performing data analysis in one or more of the following areas within the Banking or Financial Services Industries: Audit, Regulatory Reporting, Compliance, Loan File Reviews.

• Familiarity with regulatory reporting (FR Y-14, FR Y-9C, FR 2052a), including exposure to commercial and retail bank data involving different financial products (e.g., deposits, loans, securities, etc.).

• Experience in data profiling and analysis skills involving projects with a high complexity. Proven ability to analyze and interpret large datasets of financial transactions with attention to detail.

• Excellent verbal and written communication skills, including the ability to explain complex scenarios and ideas clearly and succinctly and sufficiently document workpapers supporting the work performed.

• Effectively manage multiple, sometimes conflicting, priorities with an ability to adapt to change and apply problem solving skills to produce value-add results.

Technical Skills:

• Strong experience in data extraction and analysis tools (SQL, Python, Excel, Collibra Data Governance, MS Office) and exposure to regulatory reporting tools (Axiom).

Relationships & Collaboration

• Reports to: Manager

• Partners: Stakeholders, Source System Holders, Operational Team, Tech Team and cross-functional teams.

• Leads: Mentoring New & Junior Team Members

Accessibility Needs

We are committed to providing an inclusive and accessible hiring process. If you require accommodations at any stage (e.g. application, interviews, onboarding) please let us know, and we will work with you to ensure a seamless experience.

Equal Employment Opportunity

FC Global Services India LLP (First Citizens India) is an Equal Employment Opportunity Employer. We are committed to fostering an inclusive and accessible environment and prohibit all forms of discrimination on the basis of gender, religion, caste, disability, sexual orientation, economic status or any other characteristics protected by the law. We strive to foster a safe and respectful environment in which all individuals are treated with respect and dignity. Our EEO policy ensures fairness throughout the employee life cycle.