Vice President; Senior Regulatory Reporting Controller

Bank of America • Charlotte, NC

23h • Hybrid

About The Position

At Bank of America, the common purpose is to help make financial lives better through the power of every connection, driving Responsible Growth and delivering for clients, teammates, communities, and shareholders. The company is committed to being a Great Place to Work, fostering an inclusive workplace, attracting and developing talent, supporting teammate wellness, recognizing performance, and making community impact. Bank of America maintains an in-office culture with specific attendance requirements, while also allowing for appropriate flexibility based on role-specific considerations. This role offers opportunities for career growth and impact. The position is responsible for reviewing regulatory returns for locally regulated legal entities, including broker dealers, swap dealers, and other legal entities. Key responsibilities involve overseeing and performing control processes, conducting variance analysis, reviewing and preparing data submissions, and supporting change initiatives. Job expectations include preparing and analyzing financial reports, resolving issues related to data, process, and systems, performing risk analysis, collaborating with a team, and communicating effectively.

Requirements

• Bachelor's degree or equivalent in Business Administration, Accounting, Economics, Finance, or related: and 6 years of progressively responsible experience in the job offered or a related Finance occupation.
• Utilizing strong understanding of banking products to apply analytical, critical thinking, and problem solving capabilities to the analysis and review of financial regulatory reports prior to submission to regulators
• Applying strong technical accounting skills and knowledge to drive identification, remediation, monitoring and escalation of issues impacting regulatory reporting
• Leveraging deep knowledge of regulatory reporting instructions to validate conformance with requirements and perform an effective challenge of the accuracy of reported data
• Effectively managing multiple priorities while working both independently and as part of a team responsible for producing financial regulatory reports
• In the alternative, the employer will accept a Master's degree and 4 years of experience.

Responsibilities

• Perform key controls, analyze and validate large quantities of data, proactively manage issues, and review reports prior to filing with the Federal Reserve, OCC, FDIC, and other regulators.
• Provide supervision and subject matter expertise for quality assurance reviews, audits, governance routines, and other ad hoc activities across the Global Regulatory Reporting department.
• Establish work relationships with data owners across multiple lines of business to validate understanding of reporting requirements for the FR Y-14Q, FR Y-9C, and FFIEC 031 reports.
• Drive identification, remediation, monitoring, and escalation of data issues for the Global Regulatory Reporting department as well as partner with Technology and Data Management Teams to drive improvements in data quality.

Benefits

• commitment to being an inclusive workplace
• attracting and developing exceptional talent
• supporting our teammates’ physical, emotional, and financial wellness
• recognizing and rewarding performance
• competitive benefits to support their physical, emotional, and financial well-being
• opportunities to learn, grow, and make an impact
• diverse and inclusive workplace for everyone
• Pay Transparency

What This Job Offers

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