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Regulatory Reporting Professional

Bromley, , United Kingdom

Job Description:

Job Title: Regulatory Reporting Professional 

Corporate Title:  Vice President

Location: Bromley

Company 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!

Location Overview:

Join our bustling Bromley office, situated in one of London’s greenest boroughs. Here you’ll find plentiful and easy commuting routes, with central London just 15 minutes away by train.

Role Description:

Due to an increase in our reporting portfolio, we are looking to recruit a regulatory reporting professional into our Bromley office. The Cross Business Regulatory Reporting and Processes (CBRRPro) team supports Global Banking, Global Markets and Consumer Front Line Units (FLU). Global Banking NFRR performs regulatory reporting operations for select GCIB owned reports, which are typically cross border payments, transaction reports or deposit balance reports. This role will be responsible for monitoring the completeness, accuracy and submission of multiple high risk Non-Financial Regulatory Reports.

Responsibilities:

  • You will ensure delivery of complete, accurate and timely regulatory reports to regulatory agencies.
  • You will execute control practices, including compliance with all regulatory/policy requirements and data quality standards.
  • You will document key risks, performance indicators, desktop procedures including controls and metrics related to reporting.
  • You will respond to regulatory agencies and internal control partners on inquiries and reporting breaches.
  • You will participate and represent the reporting function to control partners (e.g., Audit and Compliance)
  • You will identify, track, and remediate errors/breaches, data issues and control enhancements that impact the respective reports.
  • You will partner with upstream process owners and data providers to improve data quality of regulatory reports.
  • You will partner with Compliance and Technology teams to review and maintain data dictionaries for completeness of business requirements and ensure completeness of all operational and reporting requirements.
  • Partner with technology team and business analysts in providing requirements and user acceptance testing (UAT).

What we are looking for:

  • You will have regulatory reporting experience in a banking or financial services environment.
  • You will have effective technical and data analytical skills with experience in analysing, managing, and reporting from large sets of structured data across multiple data sources.
  • You will have effective communication in both oral and written formats and tailor a message appropriately to the audience.
  • You will have the ability to work independently to prioritize work and deliver against regulatory deadlines.

Skills that will help:

  • Experience interacting with regulatory agencies and/or having undertaken reg exams will be advantageous.
  • Experience in technology implementation projects including involvement in building new systems to meet complex reporting requirements will be advantageous.
  • Understanding of payment processing, SWIFT messages, and banking clearing systems/rules will be advantageous.
  • Demonstrated intellectual curiosity and operational excellence experience will be advantageous.

Benefits of working at Bank of America
 

UK

  • 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 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 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.

Learn more about this role

Full time

JR-24012272

Manages People:

Street Address

Primary Location:
26 ELMFIELD RD, Bromley, BR1 1LR