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COMPANY OVERVIEW:

 

 

TIAA is a unique financial partner. With an award-winning track record for consistent performance, TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. TIAA has $1 trillion in assets under management (as of 9/30/2018) and offers a wide range of financial solutions, including investing, banking, advice and guidance, and retirement services.

  

 

 

 

 

POSITION SUMMARY:

 

TIAA’s Controllership team is seeking an Enterprise Regulation W Manager.  TIAA, as New York domiciled insurance company, is regulated by the New York State Department of Financial Services and thus is subject to the requirements of New York Insurance Regulation 33 (“Regulation 33”) as it relates to transactions with affiliates.  TIAA is also the indirect parent company of TIAA, FSB, a federal savings bank, and thus is subject to the requirements of Regulation W for transactions between TIAA, FSB and entities within the TIAA enterprise.  This role will assist in oversight of the Enterprise Regulation W Program, as established and maintained by the Enterprise Risk Management and Compliance Committee, as well as ensure alignment in cost allocation for compliance with both Regulation 33 and Regulation W, as well as any additional applicable regulations as it relates to TIAA and its subsidiaries and affiliates.

 

KEY RESPONSIBILITIES AND DUTIES:
 

  • Coordinate with the Enterprise Regulation W Officer and Compliance in implementing and maintaining a formal Enterprise Regulation W Training Program
  • Oversee a monitoring framework for ensuring compliance with Regulation W 
  • In coordination with the TIAA, FSB Regulation W Program Office, review, inventory, and monitor the terms and costs of covered transactions
  • Review and ensure cost allocation alignment for compliance with Regulation 33, Regulation W, and any additional applicable regulations as it relates to TIAA and its subsidiaries and affiliates.
  • Review enterprise questions regarding the application/interpretation of the Attribution Rule, and with Legal and the TIAA, FSB Regulation W Program Office, provide clarification and ensure all Regulation W requirements are satisfied
  • Coordinate with the Corporate Secretary's Office and TIAA Regulatory Reporting to keep the master entity list current
  • With the Enterprise Regulation W Officer, report to TIAA's Asset Liability Committee and the Enterprise Risk Management Committee on the status of the Enterprise Regulation W Program
  • In conjunction with representatives from Finance, Legal, and Enterprise Risk Management, resolve and report compliance issues
     


 

 

QUALIFICATIONS:


Required

  • BS/BA degree
  • Proficient knowledge and understanding of Sections 23A and 23B of the Federal Reserve Act and the Federal Reserve’s Regulation W (12 CFR Part 223) (collectively “Regulation W”)
  • Demonstrated experience with Regulation W oversight/compliance

Desired

  • CPA, JD or LLM preferred
  • Proven experience leading and managing teams
  • Experience in driving change and process improvements
  • Excellent research, analytical, interpersonal, communication and organizational skills

 



 

Equal Employment Opportunity is not just the law, it’s our commitment. Read more about the Equal Employment Opportunity Law.

 

If you need assistance applying due to visually or hearing impaired, please email Careers Help.

 

We are an Equal Opportunity/Affirmative Action Employer. We will consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

 

 

 


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