About this role
Job Description:
Job Title: Regulatory Reporting Operations Senior Professional
Corporate Title: Up to VP
Location: Chester
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!
Location Overview:
Find us in the city of Chester, a destination renowned for its culture, history, and beauty. Working at Bank of America Chester offers a far-reaching global career for a world-renowned organisation, whilst being ideally situated against the backdrop of the rolling North Wales hills and the banks of the serene River Dee.
Role 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.
This position is responsible for working in the Enhanced Quality Assurance Function within Transaction Reporting Control Group. The EQA team is primarily focused on validating the completeness, accuracy, and timeliness of the transaction reporting submissions across multiple regulatory regimes (EMIR, UKEMIR, CFTC, MIFID/MIFIR, SFTR) This role support teams in the QA, testing, and delivery of change, including the remediation of issues identified.
Responsibilities:
Delivers highly complex regulatory reports to regulatory agencies in line with expectations on completeness, accuracy, quality, and timelinessDefines and executes control practices, including compliance with all regulatory and policy requirements, including data quality standardsEnsures that 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 necessaryResponds to inquiries from regulatory agencies and internal control partners (Audit and Compliance), and provides reporting, as neededEstablishes credible, collaborative and influential relationships with key senior stakeholders, including FLU and Front Office partnersIdentifies, tracks, and remediates errors, breaches, data issues and control enhancements that impact the respective reportsCoordinates the partnership with upstream process owners and data providers to improve data quality of regulatory reports, and with Non-Financial Regulatory Reporting Interpretation and Technology teams to review and maintain data dictionaries for completeness of business requirements and ensure completeness of all operational and reporting requirements What we are looking for:
Data Analytics - able to process and analyse complex large data sets and articulate how that impacts processes and functions to assess and build recommendationsAbility to handle diverse workload and tight schedules.Excels in working among diverse teams globally and to take on multiple viewpoints to make sound judgements and decisions / recommendations on the best solutions.Excellent communication and presentation skills are essential Skills that will help:
Advanced Excel with exposure to Data Analytics tools such as Alteryx / Python / SQL beneficialFamiliarity with Data Visualization Tools such as Power Bi helpfulRobust computer skills including Microsoft Office ApplicationsExcellent verbal and written communication skillsAbility to work effectively with multiple teamsAble to work independently and within a team structureAbility to handle multiple tasks in a demanding environment and meet deadlinesExceptional analytical and problem resolution skills Benefits of working at Bank of America: UK
At Bank of America, we strive to prioritise employees' health and wellbeing - it's what makes us a Great Place to Work.
Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partnerCompetitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasonsWe offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annumThe ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness, cycle to work etc.Use of a flex fund to use towards benefitsAccess to an emotional wellbeing helpline, and virtual GP servicesAccess to the Peppy App which provides 1:1 support, consultations and resources relating to men's health, women's health, fertility, menopause and pregnancy & parenthoodAccess to a range of gyms, exercise classes and wellbeing Apps through Wellhub, including Headspace and CalmAbility to donate to charities of your choice directly through payroll and the bank will match your contributionOpportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area Bank of America:
Good conduct and sound judgment is crucial to our long-term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religious or similar philosophical belief, political opinion, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.