Financial Data and Reporting Ops Analyst

Bank of America•Pennington, AL

3d•$25 - $35•Onsite

About The Position

At Bank of America, the Financial Data and Reporting Ops Analyst supports Wealth Management Tax Operations, which handles critical tax reporting, withholding, and cost basis functions for GWIM investment and retirement accounts. The Consolidated Statement team produces and delivers approximately 4 million annual tax reporting statements. The role independently researches, investigates, and validates tax reporting data to ensure accuracy and integrity in the tax database. It analyzes tax income data, identifies discrepancies, determines root causes, and develops solutions to support compliance with federal and state regulatory reporting requirements. Findings and recommendations support the accuracy of client tax statements and information reported to regulatory agencies. The analyst reviews daily and monthly reporting processes, analyzes large data sets for trends, exceptions, and risks, and validates internal controls and operational procedures. The role also supports research, development, testing, and implementation of tax database enhancements and regulatory updates, including business impact evaluation, system and data analysis, and test-result validation. It requires strong critical thinking, attention to detail, and the ability to manage competing priorities in a changing regulatory environment. Weekend and weekday overtime may be required, particularly during peak tax reporting season from January through April.

Requirements

Strong analytical, research, and problem-solving capabilities.
Excellent written and verbal communication skills.
Advanced Microsoft Excel skills and proficiency in Microsoft Office applications.
Ability to work independently, manage multiple priorities, and meet deadlines.
Strong attention to detail with a focus on data accuracy and quality.
Ability to collaborate effectively across Operations, Technology, Compliance, and Management teams.
Adaptability and a proactive approach to change and continuous improvement.

Nice To Haves

Bachelor's degree in Business, Finance, Accounting, Data Analytics, or a related field.
Experience in tax reporting, financial services operations, or regulatory compliance.
Knowledge of reporting automation, VBA/macros, or data analysis tools.

Responsibilities

Lead assigned tax reporting processes and provide cross-functional support across related operations.
Analyze and validate tax data, reports, and system outputs to ensure accuracy and regulatory compliance.
Investigate and resolve tax reporting discrepancies through independent research and root cause analysis.
Assess and implement federal and state regulatory changes affecting tax reporting processes.
Research and respond to complex tax reporting inquiries from business partners and Branch Office associates.
Develop, test, and enhance reporting tools, macros, and data extraction processes to improve efficiency and data integrity.
Identify trends, risks, and process improvement opportunities through ongoing data analysis.
Perform moderately complex activities supporting credit disputes, escalations, and tax reporting, following established written procedures and guidelines and ensuring accurate, timely delivery.
Research and resolve moderately complex financial data requests or exceptions based on analysis of assembled data.
Perform routine analytics, report creation, and exception processing.
Identify risks and process improvement opportunities, recognizing impacts on other operational units, and escalate risk concerns as appropriate.
Provide quality service and support to internal business partners and external clients.