Quality Assurance Lead for Global Regulatory Reporting - US
Company: Disability Solutions
Location: Charlotte
Posted on: May 4, 2024
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Job Description:
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. 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.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!Job Description:Responsible for providing risk
oversight and advice and counsel to the LOB. Establish risk
management policies, limits, standards, controls, metrics and
thresholds within the defined corporate standards. Ability to
recognize all risk categories including credit, market, operational
and compliance and bringing appropriate risk expertise as needed.
Accountable for conducting execution of risk framework activities
including, but not limited to, independent monitoring and testing
of controls and risk management processes for the LOB. Establish
and oversee the risk management governance structure for the
LOB.This role aligns to the Global Regulatory Reporting (GRR) Team
within the CFO Global Financial Control (GFC) department. GRR's
purpose is to drive high quality regulatory reports through
operationally efficient processes to support the production of
various regulatory reports as required by Regulatory
authorities.Primary responsibility for this role is to lead the
Quality Assurance (QA) function for GRR-US. The teammate in this
role will work closely with the regulatory reporting Subject Matter
Experts (SMEs) within the US team to validate the completeness and
accuracy of GRR's high-risk regulatory reports (FFIEC 031, FR Y9C,
FR Y-15, FR Y-14Q, etc.)The role will have responsibility for
reviewing GRR's end to end processes to ensure that: the data
inputs into the related reporting are complete and accurate; GRR's
processes, including regulatory aggregation and reporting logic,
are being performed as intended and produce expected outcomes; and
GRR's controls are being executed correctly and working
effectively.The QA team will rotate through GRR's submissions and
will be expected to identify, define, and implement Operational
Excellence opportunities. In addition, the role will require
reviewing, leveraging, and supporting updates to: Business
Requirement Documents, Data Dictionary documentation and Desktop
Top Procedures.The Team:
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