Regulatory Reporting Operations Senior Professional

Job description

Job Description

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day. Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success.

This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences.

These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact.

Join us!

This job is responsible for defining, providing and overseeing analytical processes for highly complex regulatory reporting for one or more operations product teams. Key responsibilities include managing complex projects and workstreams involving systems enhancements, process improvements, products and services. Job expectations include serving as a subject matter expert to other teammates and handling highly complex issues that require management and coordination across multiple stakeholders.

Responsibilities

• Delivers highly complex regulatory reports to regulatory agencies in line with expectations on completeness, accuracy, quality, and timeliness
• Defines and executes control practices, including compliance with all regulatory and policy requirements, including data quality standards
• Ensures that key risks, performance indicators, and desktop procedures are fully documented, in line with enterprise standards, reviewed on a regular basis and challenged and escalated where necessary
• Responds to inquiries from regulatory agencies and internal control partners (e.g., Audit and Compliance), and provides reporting, as needed
• Establishes credible, collaborative and influential relationships with key senior stakeholders, including FLU and Front Office partners
• Identifies, tracks, and remediates errors, breaches, data issues and control enhancements that impact the respective reports
• Coordinates the partnership with upstream process owners and data providers to improve data quality of regulatory reports, and with Non Financial Regulatory Reporting Interpretation and Technology teams to review and maintain data dictionaries for completeness of business requirements and ensure completeness of all operational and reporting requirements Managerial Responsibilities: This position may also have responsibilities for managing associates.

At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.

Opportunity & Inclusion Champion

Creates an inclusive team where members are treated fairly and respectfully.

Manager of Process & Data

Demonstrates and expects process knowledge, data driven decisions, simplicity and continuous improvement.

Enterprise Advocate & Communicator

Delivers clear and concise messages that motivate, convey the “why” and connects contributions to business results.

Risk Manager

Leads and encourages the identification, escalation and resolution of potential risks.

People Manager & Coach

Knows and develops team members through coaching and feedback.

Financial Steward

Manages expenses and demonstrates an owner’s mindset.

Enterprise Talent Leader

Recruits, on-boards and develops talent, and supports talent mobility for career growth.

Driver of Business Outcomes

Delivers results through effective team management, structure, and routines.

Required Skills

• Coordinates the partnership with upstream process owners and data providers to improve data quality of regulatory reports, and with Non-Financial Regulatory Reporting Interpretation and Technology teams to review and maintain data dictionaries for completeness of business requirements and ensure completeness of all operational and reporting requirement Desired Skills:
• Global Markets Knowledge/Experience, regulatory reporting, financial reporting or compliance within banking or financial services industry
• Knowledge of Control Frameworks
• Data Quality Management
• Analytical Thinking
• Problem Solving
• Reporting
• Attention to Detail
• Critical Thinking
• Planning
• Risk Management

Data Mining Skills

• Analytical Thinking Data Quality Management Innovative Thinking Problem Solving Reporting Attention to Detail Critical Thinking Planning Risk Management Data Mining Shift: 1st shift (United States of America)

Hours Per Week

40