Regulatory Reporting Operations Professional

Regulatory Reporting Analyst

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 providing analysis for one or more operations product areas in the delivery of moderately complex regulatory reporting and / or regulatory processing. Key responsibilities include analyzing 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.

This role will serve as a Regulatory Reporting Analyst responsible for driving key reporting activities and functions within the Consumer NFRR team. Responsibilities include :

• Ensuring delivery of trusted, timely and secure information for the business.
• Ensuring compliance of enterprise data management standards and data quality and control practices for the authorized data source.
• Leading remediation of any data control incidents in a timely manner.
• Establishing credible, collaborative and influential relationships with key regional stakeholders across Operations, Technology, FLU and Compliance.
• Ensuring smooth transition and cut over of the regional NFRR reports in target state including appropriate hand over and staff transfer.
• Execution of controls for reports and administer reporting workflow.
• Key contact for respective regulatory agency inquiries regarding filings and submissions.
• Participating and representing the reporting function to control partners (e.g., Audit and Compliance).
• Responsible for the identification, tracking, and remediation of data issues and control enhancements that impact the respective reports.
• Partnering with the NFRR Regulatory Interpretation team on all changes to regulatory requirements.
• Partnering with technology team in providing requirements and user acceptance testing (UAT). Identify strategic sourcing of data (via Authorized Data Source (ADS)) and enhance controls.
• Assisting with NFRR Report Onboarding which includes performing current state assessments, understanding the effectiveness of controls, determination of process risks, and executing plans to incorporate the reporting process into the NFRR organization.

Responsibilities :

Skills :

Required Skills :

Bachelor's Degree with minimum 5+ years of Banking experience; Professional qualifications (e.g., ACA, ACCA, CIMA) preferred Consumer, Risk / Compliance Operations and regulatory reporting experience Data management tool experience (excel, SQL, Tableau, JIRA, etc.) Ability to provide clear oral and written communication to business and technical audiences. Regulatory Reporting and analytics experience within FLU / CF, Finance or Operations Hands on approach with controls and process excellence mind set Ability to influence and drive progress across key business partners 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 Self-starter, takes initiative and a driver of change

Desired Skills :

Compliance, Audit and / or UAT experience Experience with major regulatory programs, implementations and interaction via exams, periodic routines, etc.

Shift : 1st shift (United States of America)

Hours Per Week : 40

Pay range $66,300.00 - $127,800.00 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.