Global Regulatory Reporting Observation Management Lead
Company: Disability Solutions
Location: Charlotte
Posted on: October 5, 2024
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:The Global Regulatory Reporting
(GRR) function, a part of the Global Financial Control organization
within the CFO Group, is responsible for accurate filing of
non-liquidity related financial regulatory reports. The primary
responsibility for this role is to manage the day-to-day operations
of the US-based observation management team. Observation management
includes root cause analysis, thematic review of findings, and
partnership with key stakeholders to design and deliver on
remediation solution. This role reports to the Conformance Program
and Observation Management Executive.Responsibilities:
- Manage the day-to-day operations of the US-based observation
management team. When issues are identified in our production
processes, this team will conduct observation management,
including: root cause analysis, thematic review of findings (in
partnership with the Charlotte-based observation management team),
and partnership with key stakeholders to design and deliver on
remediation solution.
- Partner with the Governance & Control team to ensure
observations are properly reported in appropriate governance
routines
- Assist the Conformance Program and Observation Management
Executive in develop a sustainable operating model for conformance
and observation management which, over time, is not dependent on
third-party vendor resources
- Identify and work with key stakeholders to review and validate
observations
- Continuously apply lessons learned to improve effectiveness and
efficiency of our observation management approach
- Recruit, train and retain resources with adequate skills for
observation management and remediation
- Significant partnership with many global stakeholders,
including GRR executives, GRR process owners, Global Compliance &
Operational Risk, Corporate Audit, CFO Data Management, and CFO
ChangeManagerial Responsibilities:This position may also have
responsibilities for managing associates. At Bank of America, all
managers at this level demonstrate the following responsibilities,
in addition to those specific to the role, listed above.
- Diversity & Inclusion Champion: Models an inclusive environment
for employees and clients, aligned to company D&I goals
- Manager of Process & Data: Demonstrates deep process knowledge,
operational excellence and innovation through a focus on
simplicity, data based decision making and continuous
improvement
- Enterprise Advocate & Communicator: Communicates enterprise
decisions, purpose, and results, and connects to team strategy,
priorities and contributions
- Risk Manager: Ensures proper risk discipline, controls and
culture are in place to identify, escalate and debate issues
- People Manager & Coach: Provides inspection, coaching and
feedback to motivate, differentiate and improve performance
- Financial Steward: Actively manages expenses and budgets in
alignment with objectives, making sound financial decisions
- Enterprise Talent Leader: Assesses talent and builds bench
strength for roles across the organization
- Driver of Business Outcomes: Delivers results by effectively
prioritizing, inspecting and appropriately delegating team
workRequired Qualifications:
- 15 years+ experience in regulatory reporting and an
understanding of our regulatory environment
- Bachelor's degree or equivalent work experience
- Proven leadership experience of managing a team
- Strong controls mindset with ability to perform root cause
analysis and design adequate solutions
- Strong written and verbal communication
- Committed to continuous improvement of processes to maximize
effectiveness and improve efficiency
- Demonstrated ability to interact with 2nd and 3rd lines of
defense in a constructive manner
- Proven ability to work in a collaborative environment to
achieve stated objectivesDesired Qualifications:
- Prior audit, testing or issue management experience
- Experience in providing thought leadership and ability to lead
without direct authoritySkills:
- Critical Thinking
- Coaching
- Collaboration
- Decision Making
- Executive Presence
- Issue Management
- Oral Communications
- Written Communications
- Analytical Thinking
- Change Management
- Presentation Skills
- Regulatory ComplianceShift:1st shift (United States of
America)Hours Per Week: 40
Keywords: Disability Solutions, Charlotte , Global Regulatory Reporting Observation Management Lead, Executive , Charlotte, North Carolina
Didn't find what you're looking for? Search again!
Loading more jobs...