Job Description:
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!
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Job Description:
This job is responsible for supporting programs and projects specific to corporate change initiatives that impact how the bank does business, provides a product or service, or executes a function. Key responsibilities include assisting department managers with critical change initiatives and communicating, influencing, and negotiating both vertically and horizontally to obtain or leverage necessary resources. Job expectations include delivering regulatory and executive material and ensuring results align to program strategy, simplification, and new capabilities.
The role will be as a Business Analyst working on the Transformation team within NFRR, Tax and Credit Reporting Operations. The key purpose of the role is to work in tandem with project managers to support deploying change within bank's Non Financial Regulatory Reporting (NFRR) capability which includes Transaction Reporting. Responsibilities broadly comprise working with subject matter experts to document requirements or processes on multiple and varied change initiatives which are either regulatory mandated or discretionary in nature.
The extent of the Transformation team's involvement in projects depends on the ownership, nature, scale and complexity of each. For some projects the team manages the initiative from inception through to implementation of the solution. For others, the team is accountable for just part of the project life cycle, such as production of a business case and requirements or co-ordination of user acceptance testing. In delivering a project, the team works closely with the Transaction Reporting Controls Group, Global Markets Operations functions, as well as other stakeholders including the Front Office/COOs, Technology, Finance, Compliance, Legal and Tax.
This role's primary focus is the business analysis for Transaction Reporting within Regulatory Change,
Required Skills:
- Significant experience working in business analysis
- Experience gained in Financial Services, especially Global Markets (or Wealth Management)
- Excellent verbal and written communication skills, including to succinctly summarize complex problem statements, fit for respective audience
- Working knowledge of one or more of the APAC or global transaction reporting jurisdictions (e.g. MAS, JFSA, HKTR, MIFID2 etc.)
- Strong business partnering skills to engage stakeholders across all levels within organization
- Attention to detail, and willingness to work on technical aspects
- Desire to work in a dynamic and fast-paced environment
- Ability to prioritize work and meet deadlines
- Ability to work independently
Desired Skills:
As a Business Analyst your qualifications will ideally include:
- Educated to degree level
- Knowledge of structured analysis methods such as Use Cases writing, Business Process Modelling or qualification such as IIBA
- Product Knowledge: Global markets products incl OTC Derivatives and Securities
- Knowledge of sales/trading / Front Office and post trade processing