Job Description:
Job Title: Transaction Reporting Remediation OTC Team Lead
Corporate Title: Vice President
Location: London / Chester
Company Overview:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
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Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Role Description:
We are a global team spread across the UK (Chester and London), as well as India. The purpose of the team is to apply analytical and project management expertise to Transaction Reporting breaches which have been identified, working with colleagues in Compliance, Operations and Technology until resolved. We are split into three sub teams, of which we are looking for a team lead for our OTC team division.
Responsibilities:
- Managing the delivery of remediation items, across multiple work-streams, working with the business and technology to ensure timely remediation.
- Partnering with the business SMEs, Technology and Compliance.
- Managing risk and ensures documentation is in place to record the details of project delivery and testing to audit standard.
- Driving strategic goals, the agenda and influencing senior stakeholders to support in the delivery.
- Tailoring communication across different levels of stakeholders and pitching it at the right level.
- Day to day contact person for Technology Agile teams.
- Working with other change teams, to identify impacts onto Transaction Reporting and ensure that appropriate testing is performed.
- Managing the back-reporting of all remediation items.
What we are looking for:
- Tenured experience in Transaction reporting and Investment Banking roles will be essential.
- Experience in interfacing with front line business.
- Builds partnerships and connects with others across the organization to achieve sustainable results.
- Understanding of the regulatory trade landscape.
- Capable of considerable influence over business partners through effective negotiations and strategic awareness.
- Creates a risk culture by holding self and others accountable for managing risk in daily business activities.
- Leads diverse collaborative teams that listen more, value differences, and practice empathy.
Skills that will help (optional):
- Can demonstrate strategic awareness and contributes to the development of the vision, applies sound judgment in implementing business strategy, focuses efforts on business opportunities with greatest potential or value. Stays current on industry and in area of own technical expertise to make informed decisions.
Benefits of working at Bank of America
UK
- Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
- Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
- 20 days of back-up childcare including virtual tutoring and 20 days of back-up adult care per annum
- The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc
- Use of a flex fund to use towards benefits
- Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
- Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
- Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland's most iconic cultural institutions
- Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area
Bank of America
Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.