Program Manager-Finance Solutions (Regulation K Program Manager-CFO)

Bank of America • Charlotte, NC

3d

About The Position

The Legal Entity Executive Group (LEEG), within the Chief Financial Officer (CFO) organization, is seeking a senior leader to support management of Bank of America’s Enterprise Regulation K Program. Regulation K governs the international operations of U.S. banking organizations, including activities conducted through foreign branches, Edge Act corporations, certain foreign subsidiaries and investments, and establishes requirements related to permissible activities, investments, limits, reporting and other requirements.

The role supports management of the enterprise framework for consistent implementation, monitoring and oversight of Regulation K requirements across impacted Front-Line Units, Control Functions and legal entities. The Program Manager partners with global stakeholders across impacted lines of business, Finance, Legal and Risk to support governance, processes, controls, monitoring, reporting and escalation. The position offers enterprise exposure and an opportunity to influence how the Company manages a complex regulatory framework across businesses, functions, legal entities and geographies.

This position also oversees associates as a team lead and carries responsibilities for inclusion, process and data management, enterprise communication, risk discipline, coaching and performance, financial stewardship, talent development and delivery of business outcomes.

Requirements

• 7+ years of experience in the financial services industry, with experience in regulatory program management, governance, policy management, risk management, controls, compliance, finance, audit and/or process management.
• Bachelor’s degree in Finance, Accounting, Business or a related field.
• Strong leadership skills, including experience managing or supervising a team.
• Demonstrated experience developing, implementing or managing governance, policy, risk or control frameworks.
• Ability to manage multiple complex initiatives, stakeholders, deliverables and deadlines.
• Strong written and verbal communication and presentation skills, including experience communicating with senior management.
• Strong analytical, critical-thinking and problem-solving skills.
• Strong collaboration and stakeholder-management skills, with the ability to influence across businesses and functions.
• Strong organizational, program and project management capabilities.
• Proficiency with Microsoft Office, including Excel and PowerPoint.

Nice To Haves

• Knowledge of the U.S. regulatory framework applicable to large, globally active financial institutions.
• Experience interpreting regulatory or policy requirements and translating them into governance, processes, controls, monitoring and reporting.
• Understanding of Bank of America’s legal entity structure and activities across Lines of Business and Control Functions, particularly international operations.
• Experience with enterprise policy management, process and control design, monitoring, issue management or regulatory remediation.
• Familiarity with Regulation K and/or regulatory requirements governing international banking operations, foreign branches, Edge Act corporations or foreign investments.
• Experience with process design and automation, including tools such as Alteryx, Tableau, Workiva and Microsoft 365 Copilot.

Responsibilities

• Lead the day-to-day management and continued development of the Regulation K Enterprise Program, supporting the Reg K Executive in establishing an enterprise framework for governance, oversight, monitoring, reporting and escalation.
• Manage and maintain the Regulation K – Enterprise Policy, including periodic reviews and enhancements to clarify requirements, roles and accountabilities. Support annual review and governance through the Reg K Governance Forum and CFO Risk Committee.
• Support enterprise Regulation K governance and management routines, including developing materials and reporting for the Reg K Governance Forum and other senior management forums; facilitate identification, discussion, escalation and remediation of Reg K matters.
• Partner with front line units and control functions to ensure appropriate processes and controls meet Regulation K Program requirements.
• Develop and administer the enterprise Regulation K monitoring framework, including attestations, collection and assessment of supporting artifacts, management reporting and follow-up on identified matters, in coordination with front line units and control functions.
• Drive continuous improvement by identifying opportunities to enhance governance, strengthen controls and reporting, simplify processes, improve data quality and evidence, and use automation and technology to improve program effectiveness and sustainability.
• Build enterprise partnerships and serve as a key Regulation K program contact for impacted stakeholders, connecting regulatory requirements with business processes and enterprise governance expectations.
• Oversee associates as a team lead and model an inclusive environment for employees and clients.
• Demonstrate process knowledge, operational excellence and innovation through simplicity, data-based decision-making and continuous improvement.
• Communicate enterprise decisions, purpose and results, connecting them to team strategy, priorities and contributions.
• Ensure risk discipline, controls and culture support identifying, escalating and debating issues.
• Provide inspection, coaching and feedback to motivate employees, differentiate performance and support improvement.
• Manage expenses and budgets in alignment with objectives and make sound financial decisions.
• Assess talent and build bench strength for roles across the organization.
• Deliver results by prioritizing, inspecting and appropriately delegating teamwork.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior