Managing Director, Technology, Data and Operations Controller

Job description

**The position is described below.

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**Regular or Temporary:**

Regular

**Language Fluency:** English (Required)

**Work Shift:**

1st shift (United States of America)

**Please review the following job description:**

The Managing Director, Accounting – Technology, Data, Operations will play a critical role within the Corporate Controller’s organization and is a key leader within the overall Finance organization.

S/he will be responsible for leading and overseeing the accounting and control related activities for the Technology, Data, Operations organization.

The leader will possess a comprehensive understanding of topics such as technology related capitalization, complex contract accounting and operational processes impacting financial reporting within a large financial institution.

S/he will effectively collaborate, communicate and provide expert advice on a broad range of complex accounting and financial reporting issues to various constituencies, including the Board of Directors, Operating Council, the BU CFO organization, external auditors, and regulatory agencies

**ESSENTIAL DUTIES AND RESPONSIBILITIES**
Following is a summary of the essential functions for this job.

Other duties may be performed, both major and minor, which are not mentioned below.

Specific activities may change from time to time.
1.

Effectively collaborate, communicate and provide expert advice on a broad range of highly complex accounting and financial reporting issues to various constituencies on a concurrent basis, including the Board of Directors, Executive Leadership, the BU CFO organization, other members of the Senior Leadership Team, external auditors, and regulatory agencies.

Proactively provide counsel to these constituencies to communicate the expected and actual impact of accounting standards and/or accounting transactions.

Facilitate decision making by BU and Functional leaders through a thorough understanding of assigned businesses and functions and effective communication of accounting implications of strategic plans and decisions.

Develop conceptual frameworks to assist senior leaders in understanding the accounting and reporting requirements specific to new and highly complex accounting pronouncements.

Serve on LOB or Functional special teams as requested and provide accounting support and analysis for new business or product initiatives, including acquisitions, strategic investments, and divestitures.
2.

Provide leadership, talent development, mentoring and training for the BU and Functional Controllers to improve their own technical and accounting expertise, review and approve work of all assigned BU and Functional Controllers.

Foster a team environment that promotes diversity and inclusion broadly across the organization.
3.

Oversee all accounting responsibilities for the supported BUs and/or functional units.

Responsibilities include management of the monthly financial statement close, ensuring timely and accurate posting of all journal entries and accounting adjustments, including those related to complex transactions, and ensuring required account reconciliations are completed on a timely basis.

Ensure intercompany transactions are properly identified for consolidation and affiliate transaction evaluation and monitoring purposes.

Analyze preliminary financial results in connection with the close process in order to identify significant or unusual activity that may require adjustment or disclosure in connection with Truist's internal or external financial reporting.

Oversee preparation of monthly and quarterly financial statement close schedules and other reporting required to effectively communicate Truist's financial position and results of operations.

Manage the issuance of separate company audited financial statements, including interaction with the external auditors.

Provide input on the monthly forecast for assigned BU’s and functions, where applicable.
4.

Review and provide feedback on the earnings release, SEC Forms 10-K and 10-Q, FDIC Call Report, Federal Reserve Y-9C and Pillar 3 disclosures to ensure that the documents effectively communicate with stakeholders, while appropriately reflecting Truist's financial position and results of operations in compliance with GAAP and regulatory requirements.

Coordinate efforts to respond to SEC comment letters and supervisory examination letters by working with appropriate BU teammates and the BU CFO organization to collect relevant background information, draft comment responses and incorporate feedback into the final version of management responses submitted to the SEC or banking regulators.
5.

Provide expert advice on the accounting for highly complex transactions and GAAP and regulatory reporting requirements for all assigned lines of business and functions, ensuring compliance with GAAP and regulatory requirements.

Such complex issues include, but are not limited to, the accounting for mergers, acquisitions and divestitures, credit losses, securities, derivatives and hedge accounting, foreign exchange, transfers of financial assets, fair value, gross vs.

net classification, revenue recognition, software, variable interest entities, leases, employee benefit plans, classification of expenses, specialized industry accounting, including accounting for broker-dealers, and the determination of regulatory capital.

Effectively support Truist’s accounting position on accounting matters that are material and/or judgmental in nature through supporting documentation, including technical accounting analysis, which may be provided to internal constituencies and/or the external auditors.

Analyze, evaluate and provide accounting guidance in response to inquiries from auditors, regulators and others regarding specific transactions, issues and other matters.
6.

Ensure the design and implementation of adequate processes and controls to comply with relevant GAAP and to prevent significant deficiencies and material weaknesses in internal control over financial reporting and to prevent or detect financial reporting fraud.

When relevant control deficiencies are identified, play a leading role in navigating the organization to investigate and resolve the deficiencies.

Support ERM and the Risk Management Organization through the effective identification, measurement, and mitigation of GAAP risk.

Communicate GAAP risks in a timely manner.

Adhere to risk policies, procedures, and regulatory requirements.

Promulgate firm-wide compliance with the requirements of Regulation W, including the complex valuation of covered exposures in relation to the Bank's quantitative limitations.

Support business and corporate risk management objectives.

Develop, maintain, and ensure compliance with appropriate policies, accounting standards, and procedural documentation to effectively manage the risk of GAAP non-compliance.

Ensure the continual effectiveness of any systems implemented and utilized in the management of GAAP risk.
7.

Closely monitor the standard setting process of the Financial Accounting Standards Board (FASB,) United States Securities and Exchange Commission (SEC,) the Federal Deposit Insurance Corporation (FDIC,) the Federal Reserve Board (FRB) and various state regulatory agencies to ensure that all relevant proposed changes to GAAP and other reporting requirements are understood.

Communicate with Executive Leadership, the BU CFO organization and other members of the Senior Leadership Team, as applicable, the impact these standards and requirements will have on Truist's financial position and results of operations.

Oversee the implementation of new accounting or external reporting requirements, which includes development of accounting, regulatory reporting and affiliate transaction policies and standards, design of operational processes necessary to ensure full compliance with any new requirements, and the development of the related internal control framework related to these new processes.

Ensure appropriate change management processes over GAAP and regulatory reporting changes.
8.

Represent Truist in various banking organizations via active participation in periodic meetings and committees.

Use industry contacts to assess accounting standard and regulatory reporting implementation efforts.

Participate in peer-bank accounting policy forums and industry professional organizations to discuss and influence significant accounting policy issues for the banking industry.

Comment on proposed new accounting standards and regulatory reporting rulemaking, including in conjunction with relevant industry associations, advocating on behalf of Truist and, where applicable, the broader banking industry.

**QUALIFICATIONS**
**Required Qualifications:**
1.

Bachelor's degree in Accounting, Finance, Business Administration or equivalent education and related training
2.

Certified Public Accountant (CPA) designation; strong technical accounting knowledge
3.

Fifteen years of relevant accounting or accounting policy experience; twelve years of leadership and supervisory experience
4.

Intelligent, strong and decisive leadership within an organization as a result of high integrity, intellectual clarity, and a passion for excellence; strong leadership abilities including proactive thinking and teamwork to drive the best business decisions
5.

Strong personal and professional ethics with impeccable integrity
6.

High energy level and strong work ethic to meet the demands of a fast paced, goal driven environment; results orientation, which includes meeting commitments, performance metrics, and targeted and required delivery dates
7.

Self-motivated with the ability to work without supervision; ability to work under difficult time constraints and manage multiple resources, priorities and projects
8.

Strong team orientation; eagerness to pitch in and help larger teams meet goals and responsibilities
9.

Excellent technical and research skills; excellent communication and presentation skills; excellent critical and conceptual thinking, problem solving ability and analytical skills; excellent interpersonal skills across internal and external organizational levels
10.

Demonstrated proficiency in computer applications, such as Microsoft Office software products, with an emphasis on spreadsheet, word processing and database software

**Preferred Qualifications:**
1.

Masters or advanced degree in Business or Accountancy
2.

Prior experience working for a large, SEC-registered financial institution or senior manager-level public accountant with extensive bank experience

**General Description of Available Benefits for Eligible Employees of Truist Financial Corporation:** All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.

Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates.

Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.

For more details on Truist’s generous benefit plans, please visit our Benefits site (https://benefits.truist.com/)
.

Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.

As you advance through the hiring process, you will also learn more about the specific benefits available for any non-temporary position for which you apply, based on full-time or part-time status, position, and division of work.

**_Truist is an Equal Opportunity Employer that does not discriminate on the basis of race, gender, color, religion, citizenship or national origin, age, sexual orientation, gender identity, disability, veteran status, or other classification protected by law.

Truist is a Drug Free Workplace._**

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Required Skill Profession

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