Regulatory Reporting Operations Senior Professional
Company: Disability Solutions
Location: Charlotte
Posted on: February 14, 2025
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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. 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!Job Description: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.The NFRR Markets
Regulatory Reporting team is responsible the centralization,
process standardization, remediation of gaps and the production and
submission of key prioritized Non-Financial Regulatory (NFRR)
reports. The candidate for this role will be responsible for
identifying controls surrounding Consumer Data that provide a
degree of confidence that the regulatory information is complete
and accurate. In addition, the candidate will work closely with
multiple lines of business to establish a data remediation process
for all items that cannot be completed systematically while also
working with downstream data consumers to confirm the fit for use.
The candidate will initially focus on the FDIC deposit insurance
calculation which covers over 90mm accounts and over $2.4 trillion
in balances. The candidate will need to be knowledgeable of the
consumer domain with understanding of different products (Saving,
Money Market, Trusts) and customers (Individual, Small Business
(Sole Props vs LLC, vs Corp), Public Sector) to be able to validate
that the insurance calculation is accurate. Responsibilities
include:--- Perform a risk assessment and identify gaps in the
following areao Reporting Requirements by validating report output
to internally documented regulatory requirementso Historical
Reporting risk associated based on industry trends and regulatory
inquirieso Controls surrounding the completeness and accuracy in
the current processo Documentation surrounding processes,
escalations, and issueso Enterprise Policy adherenceo Logging,
tracking and remediation (tactical & strategic) of systemic
reporting gaps--- Identification of improvement in operational
efficiencies while reducing reporting risk--- Identification of
reporting synergies across reporting jurisdictions and products ---
Preparation and submission of regulatory reports for various global
jurisdictions--- Execution of controls for reports and administer
reporting workflow--- Participate and represent the reporting
function to control partners (e.g., Audit and Compliance)--- Key
contact for respective regulatory agency inquiries regarding
filings and submissions--- Responsible for the identification,
tracking, and remediation of data issues and control enhancements
that impact the respective reports--- Partner with Data Stewart
organization to ensure adherence to Enterprise Data Management
(EDM) standards and policies --- Partner with the NFRR Regulatory
Interpretation team on all changes to regulatory requirements.
Review and update business requirements in Data Dictionaries.---
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.Required Skills:
--- Bachelor's Degree or 5+ years of experience; Professional
qualifications (e.g., CA, CFA, CPA) preferred--- Consumer Banking,
Private Banking, Global Banking and Markets (GBAM), Risk/Compliance
business/operations and regulatory reporting experience---
Experience working with complex products with knowledge of the
underlying data risks--- Intellectually curious with the ability to
diver deeper to identify risks--- Ability to provide clear oral and
written communication to a variety of business and technical
audiences.--- Regulatory Reporting and analytics experience within
FLU/CF, Finance or Consumer Operations--- Data management and data
quality background especially EDM Use Standard--- Detail oriented
and process excellence mind set--- Process migration and
re-engineering experience to strategic framework--- Strong critical
thinking, problem solving, analytical mindset required--- 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--- Technical savvy
with the ability to quickly understand different systems and
processes--- Eager to learn and grow, receptive to constructive
feedback--- Self-starter, takes initiative--- Advance Excel, Word,
and PowerPoint skills. SQL and Analytics tool (Tableau and Micro
Strategy) is a plus--- Driver of changeDesired Skills:--- Audit
experience--- Knowledge of Visio and ARIS is also a plus---
Experience with major regulatory programs, implementations and
interaction via exams, periodic routines, etc.Skills:
Keywords: Disability Solutions, Charlotte , Regulatory Reporting Operations Senior Professional, Accounting, Auditing , Charlotte, North Carolina
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