Enterprise Position Monitoring & Disclosures Central Lead

Enterprise Position Monitoring And Disclosures Team Lead

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!

This job is responsible for managing a major component of a product line, function, or multiple operations units within a large segment of the company's operations support functions. Key responsibilities include developing and implementing processes, programs, and systems to improve efficiency and ensure operational quality standards are met. Job expectations include managing two or more levels of managers.

The Enterprise Position Monitoring and Disclosures team is part of the Global Markets Non-Financial Regulatory Reporting department. The is a global function with three regional hubs covering the Americas, Asia Pacific and EMEA regions respectively. The regional teams monitor and disclose relevant positions and transactions under the regional substantial shareholdings, takeovers, residual short positions, and other regulatory position limits rules. The EPMD Central lead will have dual regional and horizontal scope primarily managing EPMD monitoring and disclosure preparation of non-financial regulatory reports under the relevant regulatory reporting laws (substantial shareholdings, takeovers, short positions, issuer requests and industry limits) in the EMEA region. Additionally, the role will have central responsibilities to drive functional transformation, establish & manage consistent cross regional global processes. The responsibilities of the EMEA Central lead include :

• Managing completion of all regulatory reporting obligations aligned to substantial shareholdings, takeovers, short positions, and other regulatory position limits in EMEA
• Overseeing issue resolution arising from disclosures and discussing such issues with other Non-Financial Regulatory Reporting (NFRR) and Global Compliance & Operational Risk colleagues and work closely with the Front-Line Units
• Overseeing the analysis of new rules and regulations pertaining to the monitoring and reporting of holdings of publicly traded equity and equity linked financial instruments as needed.
• Acting as main regional subject matter expert and primary contact for the Front Line Unit Businesses, Line of Business Compliance and legal team on shareholder disclosure matters
• Establishing and supervising effective monitoring processes and routines to ensure compliance with applicable industry and equity ownership limits throughout the region.
• Driving the execution of the governance framework over non-financial regulatory reporting & adherence to relevant internal BAC policies.
• Driving organizational transformation strategy to establish operational mindset and metrics driven culture across the global EPMD function.
• Refine and if required establish consistent global processes to support global counterparts on regulatory change management, operating model with second line advisory as well as control room functions.
• Support management team with resource and organizational strategy to effectively leverage global teams including captive set up to reduce key person risk and also effectively managing cost of regulatory compliance.
• Overseeing the training and development of the Enterprise Monitoring & Disclosures team members and support their career development

Responsibilities :

Managerial 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.

Skills :

Required Skills :

Strong knowledge of financial markets, banking industry, equity and derivative products.

Knowledge of the key regulations concerning shareholder position reporting globally with specific emphasis to EMEA region (i.e. : EU Transparency Directive, UK DTR5, UK Takeover Code Rule 8)

At least 10 years of experience with enterprise position monitoring & disclosures (also known as position reporting, shareholder disclosures, disclosure of interest) and sensitive industry, hard limit laws, rules and regulations, preferably in a management capacity

Prior experience in transformative capacity (both systems and processes) to meet complex reporting requirements

Previous experience in discussing global markets transactions with the Business and explaining the applicable regulatory disclosure obligations and / or relevant restrictions

The ability to work under pressure and within tight deadlines to a consistently high level of accuracy

Strong technical skills (i.e. Excel, and other similar applications) with experience in analyzing, manipulating and reporting from large sets of structured data (e.g. books and records data)

Excellent interpersonal skills with all levels of employees, conflict management

Discrete when handling confidential information

Able to demonstrate a high level of integrity with a mature approach to work

Desired Skills :

Previous experience as department Head for the equivalent function

Shift : 1st shift (United States of America)

Hours Per Week : 40

Pay Transparency details US - NY - New York - 1133 Ave Of The Americas - 1133 Ave Of The Americas (NY1533) Pay and benefits information Pay range $150,000.00 - $300,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and / or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.