Non-Financial Regulatory Reporting Governance QA

Job title:

Non-Financial Regulatory Reporting Governance QA

Company

Bank of America

Job description

Job Description:Job Title: Non-Financial Regulatory Reporting Governance QACorporate Title: Up to Vice PresidentLocation: Bromley / ChesterCompany Overview: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!Role Description:The Non-Financial Regulatory Reporting Centre of Excellence (NFRR COE) performs governance & oversight for the Global Operations NFRR inventory of reports, as well as provides centralized processes and controls to support FLU NFRR Governance for Global Markets, GCIB, GPS and Enterprise Credit lines of business.As a global governance function with a portfolio of over 3,000 regulatory reports, the NFRR COE works closely with Report Preparers, Manual Data Providers, Report Owners and other stakeholders across EMEA, AMRS and APAC in managing the production health of regulatory reporting and adhering to the enterprise policy.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 analysing 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.Responsibilities:

• You will execute the QA Review process for policy adherence for the Global Operations portfolio of reports.
• You will provide guidance and partner closely with Report Preparers, Manual Data Providers, and Report Owners in implementing the requirements of the Enterprise Regulatory Reporting Policy.
• You will prepare and present materials to cross-functional stakeholders in the regional NFRR governance forum.
• You will manage the execution of one or more NFRR processes and controls; manage the NFRR inventory, manage production health, monitor issue and data incidents, provide report production metrics and monitor regulatory change implementations.
• You will ensure processes and controls perform within the NFRR Risk Appetite key risk indicator thresholds for the supported FLUs.
• You will identify and execute continuous improvement opportunities to streamline and integrate business processes, enhance controls and improve data quality.
• You will lead projects in collaboration with the Enterprise NFRR Center, FLU NFRR Governance and key stakeholders to manage risks and drive the implementation of enterprise program deliverables.
• You will execute the QA Review process for policy adherence for the Global Operations portfolio of reports.

What we are looking for:

• You will have experience in a Regulatory Reporting or Governance role, ideally in Banking or Financial Services.
• You will have technical and data analytical skills (i.e., Excel and other similar applications) with experience in analysing and management reporting.
• You will have advanced PowerPoint skills and executive presentation experience.
• You will communicate effectively in both oral and written formats and tailor messages appropriately to audience level.
• You will have demonstrated experience engaging with a diverse set of business partners to critically analyse issues, define action plans, and implement solutions.
• You will have a proven ability to manage processes and drive improvements to processes, controls, and metrics in a matrixed environment.

Skills that will help (optional):

• Prior experience implementing and managing QA Review process would be an advantage.
• Tableau design and development experience would be an advantage.
• Prior operations or project management experience supporting Global Markets, Global Payment Solutions or Global Corporate & Investment Banking would be an advantage.
• Experience and skills in managing project deliverables and delivering on milestones would be an advantage.
• Prior experience implementing and managing QA Review process would be an advantage.

Benefits of working at Bank of AmericaUK

• 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 partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including virtual tutoring and 20 days of back-up adult care per annum
• The 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 etc
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

Bank of AmericaGood 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 gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, 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.

Expected salary

Location

Chester

Job date

Fri, 14 Feb 2025 08:12:21 GMT

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