Regulatory Reporting Operations Professional

Bank of America•Plano, TX

12d•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 Description: This job is responsible for providing analysis for one or more operations product areas in the delivery of moderately complex regulatory reporting and/or regulatory processing. Key responsibilities include analyzing and resolving highly complex operations problems, projects and initiatives, and contributing to the resolution of highly complex problems. Job expectations include coordinating across multiple operations functions and products with the introduction of new initiatives, systems, products, services, and processes. 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 a diverse and 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. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: This job is responsible for assisting with a unit or section of a segment for a site, region, or product line within the bank's internal operations. Key responsibilities include identifying, analyzing, and resolving complex problems, ensuring compliance with policies, and identifying opportunities to improve process performance and operating efficiency. Job expectations include knowledge of operations support management and expertise in functional area(s) gained through increasingly more responsible management positions in operations. The Global Markets Non-Financial Regulatory Reporting (GM NFRR) team is responsible for the consistent application of interpretation of Laws, Rules and Regulations (LRRs) and Enterprise Policies, data sourcing, preparation, governance, and oversight of Global Markets regulatory reports – with the overall goal of centralizing, standardizing and remediating (as necessary) regulatory reporting processes within Global Operations – Data Reporting & Operations Management – Governed Reporting and Data. This GM NFRR Operations Monitoring & Process Support job responsibilities include: • Operations Monitoring for GM NFRR – Identification/tracking/reporting of key highlights/events and reports in progress or due for submission – tracking progress, flagging issues, coordinating with NFRR stakeholders – to ensure timely compliance of all Regulatory Reporting from Report Generation to Submission • Process Support for GM NFRR – Review/respond – completely/accurately/timely – to internal BofA requests. Partner with Operations, building and maintaining processes & controls to adhere to Enterprise requirements, as well as supporting various attestations throughout the year We are therefore looking for a highly talented individual to become Regulatory Reporting Operations Professional - to assist with the real time monitoring of key activities and process support. This job is responsible for driving and executing on internal control discipline and operational excellence within a Line of Business (LOB) or Enterprise Control Function (ECF). Key responsibilities include to transform an accurate data foundation that captures key metrics for report preparation process into a source of actionable information. Regularly review that information within a structured framework to facilitate decisions and actions that will improve overall report preparations through the globe. The successful individual will: • Develop comprehensive monitoring strategy requirements across Global report preparing functions and ensure standardization across regions • Design a robust and effective activity tracking model, that provides real time updates on reporting obligations managed by GM NFRR team globally across multiple regions - AMRS, EMEA, and APAC. • Design effective routines to ensure report production & process responsibilities are understood, tracked and documented, whilst holding key stakeholders accountable • Roadmap against strategy to ensure processes to acquire information for providing comprehensive and accurate monitoring, are dynamic and flexible to ensure new and changing obligations are captured. • Design informative management information and key control reporting • Responsible for executing global periodic (e.g. daily, monthly) reporting routines ensuring the Global team is adherent to multiple Enterprise policies e.g., Regulatory Reporting and Enterprise Data Management Standards • Effective running of forums with large Global stakeholder groups, for the identification, tracking, and remediation of data issues and control enhancements that impact the respective reports • Establish credible, collaborative, and influential relationships with key regional stakeholders across Operations, Technology, FLU and Compliance • Drive execution improvements to ensure consistent operational live monitoring practices are in place and adhered to including high quality deliverables and role clarity with partners. • Communicate with a broad audience of business partners in a variety of formats and in a way that ensures all audience members understand and can adhere to the strategy.

Requirements

5+ years of Banking experience; Professional qualifications preferred.
Global Operations/Technology Project Management experience preferred.
Ability to manage multiple stakeholders and prioritization efforts
Expert ability to provide clear oral and written communication to a variety of business and technical audiences.
Expert ability to improve the capabilities of production monitoring processes and corporately through skill development, process enhancement
Be able to identify changes that have an impact across multiple process and stakeholders
Identify efficiency gains in regulatory reporting processing
Hands on approach and process excellence mind set
Ability to influence and drive progress across key business partners
Ability to prioritize work and adapt to changing needs in a dynamic work environment
Self-starter, takes initiative
Driver of change
Skills: Problem Solving Reporting Attention to Detail Critical Thinking Data Quality Management Prioritization Risk Management Analytical Thinking Data Mining Decision Making

Nice To Haves

Bachelor’s degree in related field
Project Management skills
Tableau, Micro Strategy experience will be a plus
Experience with regulatory programs
Experience with global stakeholder management

Responsibilities

Delivers moderately complex regulatory reports to regulatory agencies in line with expectations on completeness, accuracy, and timeliness
Executes control practices, including compliance with all regulatory and policy requirements, including data quality standards
Documents key risks, performance indicators, desktop procedures, controls and metrics related to reporting, and executes quality assurance, quality control, and report production tasks for regulatory reports
Supports the response to regulatory agencies and internal control partners on inquiries and reporting breaches
Participates in the representation of the reporting function to control partners (e.g., Audit and Compliance)
Identifies, tracks, and remediates errors, breaches, data issues, and control enhancements that impact reports
Contributes to the partnerships with key stakeholders, including upstream process owners, data providers, and Non-Financial Regulatory Reporting Interpretation and Technology teams

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