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 providing standard research, reporting and analytical support for the delivery of regulatory reporting. Key responsibilities include end-to-end reporting support for cross border payments, electronic transactions, sales, trading and underwriting business for securities, foreign exchange, fixed income, exchange traded derivatives and over-the-counter derivatives across multiple lines of business. Job expectations include following the established procedures under general supervision and oversight, and assisting less experienced teammates.
The Non-Financial Regulatory Reporting Center of Excellence (NFRR COE) performs governance & oversight for the Global Operations NFRR inventory of reports, as well as provides centralized processes and controls to support FLU NFRR Governance for Global Markets, GCIB, GPS and Enterprise Credit lines of business.
As a global governance function with a portfolio of over 3,000 regulatory reports, the NFRR COE works closely with Report Preparers, Manual Data Providers, Report Owners and other stakeholders across EMEA, AMRS and APAC in managing the production health of regulatory reporting and adhering to the enterprise policy.
Line of Business Responsibilities:
• Execute the QA Review process for policy adherence for the Global Operations portfolio of reports.
• Provide guidance and partner closely with Report Preparers, Manual Data Providers, and Report Owners in implementing the requirements of the Enterprise Regulatory Reporting Policy
• Prepare and present materials to cross-functional stakeholders in the regional NFRR governance forum
• Manage the execution of one or more NFRR processes and controls; manage the NFRR inventory, manage production health, monitor issue and data incidents, provide report production metrics and monitor regulatory change implementations
• Ensure processes and controls perform within the NFRR Risk Appetite key risk indicator thresholds for the supported FLUs
• Identify and execute continuous improvement opportunities to streamline and integrate business processes, enhance controls and improve data quality
• Participate in projects in collaboration with the Enterprise NFRR Center, FLU NFRR Governance and key stakeholders to manage risks and drive the implementation of enterprise program deliverables.
Required Skills:
• 4+ years of experience in any of the following areas: Operations/Compliance/Change Management
• Proven ability to execute processes and drive improvements to processes, controls and metrics in a matrixed environment
• Influences and delivers results through collaborative relationship with key enterprise partners and line of business stakeholders
• Demonstrated experience engaging with a diverse set of business partners to critically analyze issues, define action plans, and implement solutions
• Proven experience and skills in managing project deliverables and delivering on milestones
• Advanced PowerPoint skills and executive presentation experience
• Strong technical and data analytical skills (i.e. Excel and other similar applications) with experience in analyzing and management reporting
• Exhibits intellectual curiosity and operational excellence mindset
• Communicates effectively in both oral and written formats and tailors message appropriately to audience level
Desired Skills:
• Prior experience implementing and managing QA Review process
• Tableau design and development experience
• Prior operations or project management experience supporting Global Markets, Global Payment Solutions or Global Corporate & Investment Banking
Responsibilities:
- Delivers standard 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
- Identifies, tracks, and remediates errors and breaches, data issues and control enhancements that impact the respective reports
- Partners with upstream process owners and data providers to improve data quality of regulatory reports
Skills:
- Collaboration
- Customer and Client Focus
- Innovative Thinking
- Oral Communications
- Prioritization
- Adaptability
- Attention to Detail
- Critical Thinking
- Business Acumen
.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NY - New York - 1133 Ave Of The Americas - 1133 Ave Of The Americas (NY1533)
Pay and benefits information
Pay range
$24.00 - $33.65 hourly pay, offers to be determined based on experience, education and skill set.
Predictable pay
This role is compensated with a base salary and is not incentive eligible.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.