Operations Regulatory Reports Analyst

Job Description:

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!

Job Description:

Responsible to create, analyze and evaluate Regulatory reporting requirements for Banking Operations as well as court-order mandates and Operations Control activity Must participate in the development of projects, initiatives and process enhancements generating expert knowledge of the required controls and activities to ensure timely and flawless execution of the Bank's regulatory obligations.

Responsibilities:

• Comply with mandatory, regulatory and corporate trainings on time

• Comply with the guidelines established in the Code of Conduct

• Comply with the procedures and corporate standards designed for the execution, monitoring, capture and escalation processes for the NFRR, Court-order response and Ops control standards and practices

• Creation of regulatory report information including but not limited to: 

• Data extraction, enrichment, validations, submissions, follow up on queries, etc.

• Response of court order mandates by partnering with internal teams to provide timely and accurate information.

• Execute Operations Control processes including Bancontrol and Dormancy monitoring and query follow up, OPF validations and escalations to LOB.

• Identify, document and escalate control deficiencies, ensuring flawless execution of processes.

• Participate in project and initiatives aimed to enhance or develop new functionalities and contribute with expert knowledge to optimize and automate activities while mitigating risk

Requirements:

• Knowledge and usage of technological tools required in regulatory report preparation  such as Microsoft office suite, particularly Excel (Macro creation, Access or Alteryx experience is a plus)

• Critical thinking

• Self-sufficient and intellectually curious

• Responsibility and accountability for assigned duties and activities

• High capability to holistically analyze business processes end-to-end

• High capability to recognize process deficiencies and promote solutions to mitigate risk

• Ability to work under pressure in a team environment

• Open to feedback and continuous improvement

• Fluent in English, able to maintain business conversations, both orally and in writing

Other Qualifications:

• Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions

• Excels in working among diverse viewpoints to determine the best path forward

• Experience in connecting with a diverse set of clients to understand future business needs – is a continuous learner

• Commitment to challenging the status quo and promoting positive change

• Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base

• Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

What Bank of America Offers

Bank of America embodies a culture that extends from how we think, to how we behave, and to how we measure performance. By achieving excellence - in everything we do, every time we do it - we deliver the full value of Bank of America for our clients, our shareholders and our employees.

Bank of America places a high value on talent and on maintaining a culture defined by meritocracy. For these reasons, it is deeply committed to professional development, opportunity and accountability at all levels of the organization.

Bank of America is an Equal Opportunity Employer

Bank of America encourages applications from all qualified individuals. Applicants with disabilities may notify us of any accommodations needed to support your participation in the recruitment process. We wish to thank all applicants for their interest and effort in applying. Please be aware that only candidates selected for interviews will be contacted for this position.

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