Regulatory Reporting Operations Professional

Regulatory Reporting Operations Professional

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!

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. This job is responsible for defining, providing, and overseeing analytical processes for highly complex regulatory reporting for one or more operations product teams. Key responsibilities include managing complex projects and workstreams involving systems enhancements, process improvements, products and services. Job expectations include serving as a subject matter expert to other teammates and handling highly complex issues that require management and coordination across multiple stakeholders.

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

Required Skills:

• Delivers highly complex regulatory reports in line with expectations on completeness, accuracy, quality, and timeliness
• Defines and executes control practices, including compliance with all regulatory and policy requirements, including data QC standards
• Ensures key risks, performance indicators, and desktop procedures are fully documented, in line with enterprise standards, reviewed on a regular basis and challenged and escalated where necessary
• Responds to inquiries from regulatory agencies and internal control partners (e.g., Audit/Compliance) provides reporting, as needed
• Establishes credible, collaborative and influential relationships with key senior stakeholders, including FLU and Front Office
• Identifies, tracks, and remediates errors, breaches, data issues and control enhancements that impact the respective reports
• Coordinates the partnership with upstream process owners and data providers to improve data quality of regulatory reports, and with NFRR Interpretation and Technology teams to review and maintain data dictionaries for completeness requirements

Desired Skills:

• Analytical Thinking
• Data Quality Management
• Innovative Thinking
• Problem Solving
• Reporting
• Attention to Detail
• Critical Thinking
• Planning
• Risk Management
• Data Mining

Skills:

• Problem Solving
• Reporting
• Attention to Detail
• Critical Thinking
• Data Quality Management
• Prioritization
• Risk Management
• Analytical Thinking
• Data Mining
• Decision Making

Shift: 1st shift (United States of America)

Hours Per Week: 40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial, and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.