Regulatory Reporting Controller II

Bank of America•Charlotte, NC

8d•Onsite

About The Position

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 is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve. Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Summary: The Global Regulatory Reporting (GRR) team is part of the CFO-Global Financial Control organization. Our purpose is to drive high quality regulatory reports through operationally efficient control processes and system solutions to support the production of various regulatory reports as required by the Federal Reserve, OCC, FDIC and other regulators. This Regulatory Reporting Controller II position on the FR Y-14 reporting team will be responsible for executing complex regulatory reporting processes to support the firm’s delivery of accurate financials to regulators. Must have a strong desire to support critical, high profile financial reporting deliverables through report preparation, review, and analysis. This position is also responsible for interpretation, documentation, research, and extensive collaboration with business partners to ensure accuracy and conformance with U.S. regulatory reporting requirements. Additionally, this role will provide ad hoc support and subject matter expertise for projects, audits, governance routines, and other activities across GRR.

Requirements

Minimum 5 years of professional experience with Financial or Regulatory Reporting
Knowledge and understanding of regulatory reporting instructions
Analytical, critical thinking and problem-solving capabilities
Strong technical accounting skills and knowledge
Able to effectively manage multiple priorities while working both independently and as part of a team
Excellent written and verbal communication skills

Nice To Haves

Degree in Accounting/Finance
Skills: Analytical Thinking
Controls Management
Financial Accounting
Financial Analysis
Reporting
Attention to Detail
Oral Communications
Policies, Procedures, and Guidelines Management
Risk Management
Written Communications
Continuous Improvement
Interpret Relevant Laws, Rules, and Regulations
Project Management
Regulatory Compliance
Stakeholder Management

Responsibilities

Prepare, review, and analyze data reported on U.S. regulatory reports (FR Y-14Q, FR Y-14M, FR Y-9C, FFIEC 031, FR Y-15).
Execute key reporting and process controls, including period-over-period trends, variance analysis, and cross report reconciliations.
Validate conformance with regulatory reporting instructions through a deep understanding of requirements and effective challenge of results.
Drive identification, remediation, monitoring, and escalation of issues impacting regulatory reporting as well as partner with Technology and Data Management Teams to drive improvements in data quality.
Establish working relationships with data owners across multiple lines of business to support complete and timely data submissions.
Provide support and subject matter expertise for data quality improvement and sourcing automation projects by communicating reporting requirements, performing UAT testing, and other activities as needed.
The candidate must demonstrate initiative, a commitment to continuous learning, and the ability to adapt to changing demands and requirements.
Provide guidance for interpreting and understanding complex regulatory requirements.

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