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Transaction Reporting Submission Control Professional

Chester, , United Kingdom

Job Description:

Job Title:Transaction Reporting Submission Control Professional

Corporate Title:  Assistant Vice President

Location:  Chester

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!

Role Description:

An exciting opportunity has arisen for a Transaction Reporting Controls Lead to join the Transaction Reporting Control Group (TRCG).  TRCG is a post-process quality assurance function that validates the completeness, accuracy and timeliness of G20 transaction reports and related obligations.  The team’s main responsibility is to act as Report Preparers for 41 transaction reports including CFTC and SEC reports in USA, EMIR, SFTR and MiFID reports in UK and Europe, and reports for regulators in Canada, Switzerland, Hong Kong, Singapore, Australia, Japan and South Korea.  For each of these reports, the processing and submission is a fully automated activity performed in real-time; TRCG operates a risk-based control framework to ensure the integrity of the process and submitted data.

The role is based in the Submission Control function, which is primarily focused on remediating exceptions received from trade repositories that provide the bank’s transaction reports to regulatory bodies globally.

Key Responsibilities:

  • You will monitor and resolve pre- and post-submission transaction reporting errors across global jurisdictions (EMIR, SFTR).
  • You will investigate issues and carry out root cause analysis; escalate regulatory breaches to senior management as required. 
  • You will partner with key stakeholders within TRCG and across the organisation (including Front Office, Technology and Compliance) to resolve issues.
  • You will define remediation requirements and manage the remediation effort through to resolution.
  • You will produce and disseminate function-related MI as required and provide insightful commentary and analysis.
  • You will conduct data analysis to assist in responding to internal, client and regulator enquiries
  • You will participate in Change Management and business readiness activities to implement internal and external changes affecting transaction reporting.
  • You will drive the continuous improvement of processes and controls through Operational Excellence to bring reporting in line with non-financial regulatory reporting (NFRR) global standards

What we are looking for:

  • Experience of working in Banking Middle Office, Operations or other relevant functions will be ideal
  • You will have an Operational Excellence and process enhancement mindset.
  • You will have strong communication skills across cross-functional stakeholders at varying levels of seniority.
  • You will have the ability to conduct and review meaningful analysis on large data sets and providing insightful commentary.

Skills that will help:

  • An understanding of the regulatory trade and transaction reporting landscape will be a plus
  • Experience with EMIR / SFTR would be an advantage
  • Familiarity with key products covered by regulatory reporting obligations (FX, Credit, Rates, Equities, Futures & Options) would be an advantage
  • Proficient in MS Office, including Excel (VB advantageous) and PowerPoint will be a plus

Benefits of working at Bank of America


  • 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


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