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EY Finance Transformation - Financial Services - FDIC Part 370 - Senior Manager - Consulting in New York, New York

At EY, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we’re counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all.

The opportunity

FDIC Part 370 is a deposit recordkeeping requirement intended to facilitate the FDIC’s payout to insured depositors in the event of a bank failure and is applicable to some of the nation’s largest and most complex financial institutions. In this role, you will be a (Senior Manager) within EY’s Business Consulting Finance practice. You will be responsible for the engagement teams supporting clients with FDIC Part 370 deposit recordkeeping implementation and remediation requirements as defined by the rule. Engagement activities may include leading conversations with cross-functional groups of client stakeholders across lines of business, assessment of client program capabilities and documentation, performing detailed analyses of deposit or customer-related data, and creating deliverables which clearly communicate findings to client stakeholders and leaders. The ideal candidate will have sufficient working knowledge of deposit products, bank regulatory reporting concepts, technical solution design, attestation frameworks and controls in the context of Part 370 requirements. Internal project management responsibilities may include engagement staffing and budget monitoring, workflow delegation, program management practices and escalation of issues as appropriate to practice leadership.

Additionally, you will be responsible for proactively monitoring industry and economic trends, particularly FDIC rulemaking and guidance related to Part 370, assessments, resolutions, compliance testing, etc. This includes monitoring of changing requirements or FAQs issued to the industry, as well as an understanding of how this fits into broader regulatory construct for banking. You may also be responsible for new business development activities such as identifying new market opportunities, creating proposal materials, and/or assisting with required due diligence for new engagements. In addition to technical job requirements, you will also be a collaborative team member who values building relationships internally across EY as well as with clients.

Your key responsibilities

  • Experience running FDIC Part 370 programs, program management and execution for Covered Institutions or other consultancies supporting CIs, or the FDIC as supervisor

  • Delivery of FDIC Part 370 gap assessments, remediation roadmaps, target state design, testing and control framework

  • Detailed knowledge of deposit applications, deposit products and deposit insurance coverage by right and capacity

  • Experience leading line of business reviews of business requirements, technical or functional requirements or procedure or policy documentation

  • Experience with attestation framework, regulatory reporting supporting submission of output files or compliance certification and remediation planning

  • Experience with technology supporting FDIC calculation engine or rules engine, including Axiom, MacroSolutions or Oracle or other internal bank solutions

  • Collaborate with broad groups of client stakeholders including Business Lines, Legal, Compliance, Reporting, Operations, etc. to resolve issues and support compliance

  • Develop project plans supporting key engagement activities and manages progress

  • Provide regular updates to practice leadership on the status of the engagement

  • Serve as internal subject matter expert on FDIC Part 370

  • Understand key compliance determinants (critical data elements, deposit populations, reporting controls, program governance) of FDIC Part 370

  • Research new requirements and provide insight into downstream compliance impacts

  • Resourceful and familiar with publicly available repositories for bank regulatory (FDIC, FRB, FFIEC, OCC, etc.) rulemaking, guidance, and interpretation

  • Supports client confidentiality and adheres to both EY and client-level operating standards

To qualify for the role you must have

  • Bachelor's Degree in Finance, Accounting, Business, or related field

  • 5+ years of experience in Financial Reporting, Regulatory Reporting, Financial Analyst, Data or Technology, or related fields

  • Familiarity with Part 370 regulatory requirements and experience defining, assessing, or implementing solutions to meet those requirements

Ideally you will also have

  • Working understanding of financial system infrastructure, including deposit applications and reporting tools (Axiom, other regulatory reporting software, etc.)

  • Project management and program management experience

  • Strong communication skills, both written and verbal

  • Strong critical thinking and analytical skills

  • Ability to work efficiently, independently and in an organized

  • Strong interpersonal skills

  • Desire to learn and grow

What we look for

  • Strong teamwork, work ethic, commitment to continuous improvement and a relentless commitment to EY values.

What we offer

We offer a comprehensive compensation and benefits package where you’ll be rewarded based on your performance and recognized for the value you bring to the business. The salary range for this job in most geographic locations in the US is $146,000 to $333,500. The salary range for New York City Metro Area, Washington State and California (excluding Sacramento) is $175,200 to $379,000. Individual salaries within those ranges are determined through a wide variety of factors including but not limited to education, experience, knowledge, skills and geography. In addition, our Total Rewards package includes medical and dental coverage, pension and 401(k) plans, and a wide range of paid time off options. Under our flexible vacation policy, you’ll decide how much vacation time you need based on your own personal circumstances. You’ll also be granted time off for designated EY Paid Holidays, Winter/Summer breaks, Personal/Family Care, and other leaves of absence when needed to support your physical, financial, and emotional well-being.

  • Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.

  • Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.

  • Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.

  • Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

If you can demonstrate that you meet the criteria above, please contact us as soon as possible.

The exceptional EY experience. It’s yours to build.

EY | Building a better working world

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