Charlotte, NC, 28230, USA
7 hours ago
Regulatory Reporting Operations Professional
Regulatory Reporting Operations Professional Chandler, Arizona;New York, New York; Charlotte, North Carolina **To proceed with your application, you must be at least 18 years of age.** Acknowledge Refer a friend **To proceed with your application, you must be at least 18 years of age.** Acknowledge (https://ghr.wd1.myworkdayjobs.com/Lateral-US/job/Chandler/Regulatory-Reporting-Operations-Professional\_25026887-2) **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 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! **Job Description:** 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 role will serve as a Regulatory Reporting Analyst responsible for driving key reporting activities and functions within the Consumer NFRR team. Responsibilities include: • Responsible for ensuring delivery of trusted, timely and secure information for the business. • Ensures compliance of enterprise data management standards and data quality and control practices for the authorized data source. • Leads remediation of any data control incidents in a timely manner. • Establish credible, collaborative and influential relationships with key regional stakeholders across Operations, Technology, FLU and Compliance • Ensure smooth transition and cut over of the regional NFRR reports in target state including appropriate hand over and staff transfer • Execution of controls for reports and administer reporting workflow • Key contact for respective regulatory agency inquiries regarding filings and submissions • Participate and represent the reporting function to control partners (e.g., Audit and Compliance) • Responsible for the identification, tracking, and remediation of data issues and control enhancements that impact the respective reports • Partner with the NFRR Regulatory Interpretation team on all changes to regulatory requirements. • Partner with technology team in providing requirements and user acceptance testing (UAT). Identify strategic sourcing of data (via Authorized Data Source (ADS)) and enhance controls. • Assist with NFRR Report Onboarding which includes performing current state assessments, understand the effectiveness of controls, determination of process risks, and executing plans to incorporate the reporting process into the NFRR organization. **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 **Skills:** + Problem Solving + Reporting + Attention to Detail + Critical Thinking + Data Quality Management + Prioritization + Risk Management + Analytical Thinking + Data Mining + Decision Making **Required Skills:** • Bachelor’s Degree with minimum 5+ years of Banking experience; Professional qualifications (e.g., ACA, ACCA, CIMA) preferred • Consumer, Risk/Compliance Operations and regulatory reporting experience • Data management tool experience (excel, SQL, Tableau, JIRA, etc.) • Ability to provide clear oral and written communication to business and technical audiences. • Regulatory Reporting and analytics experience within FLU/CF, Finance or Operations • Hands on approach with controls and process excellence mind set • Ability to influence and drive progress across key business partners • Ability to work independently and under pressure to meet regulatory submission deadlines • Ability to prioritize work and adapt to changing needs in a dynamic work environment • Self-starter, takes initiative and a driver of change **Desired Skills:** • Compliance, Audit and/or UAT experience • Experience with major regulatory programs, implementations and interaction via exams, periodic routines, etc. **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. To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) . View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) . Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment. 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. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work. This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
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