Regulatory Reporting Manager

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 for directing the day-to-day finance activities involving regulatory reporting and accounting policy. Manages associates working with reporting requirements and guidelines of the SEC to maintain records and prepare required financial reports. Considered a working manager. In addition to supervisory / administrative duties, individuals are actively involved in the execution of processes. Assist management in the development and implementation of accounting policies and procedures.

The Global Regulatory Reporting (GRR) team is part of the CFO Global Financial Control organization.  Our purpose is to drive high quality regulatory reports through operationally efficient control processes and system solutions to support the production of various regulatory reports as required by the Federal Reserve, OCC, FDIC and other regulators.

This Regulatory Reporting Manager position will be focused on critical reporting activities related to regulatory capital as well as key banking products including but not limited to loans, derivatives, and trading assets.

Responsibilities:

• Detailed analysis and review of data reported on the FR Y-14Q, FR Y-14M, FR Y-9C, and FFIEC 031

• Ensure the robustness of key reporting and process controls, including submission trend and variance analysis

• Establish working relationships with data owners across multiple lines of business to validate understanding of reporting requirements and ensure complete and timely data submissions

• Drive identification, remediation, monitoring and escalation of data issues for CRR as well as partner with Technology and Data Management Teams to drive improvements in data quality

Skills:

• Data and Trend Analysis

• Financial Accounting

• Interpret Relevant Laws, Rules, and Regulations

• Regulatory Compliance

• Risk Management

• Attention to Detail

• Continuous Improvement

• Financial Analysis

• Project Management

• Reporting

Required Qualifications:

• Strong understanding of regulatory capital and key banking products including but not limited to loans, derivatives, and trading assets

• 6-10 years professional experience in accounting/finance

• Ability to work effectively independently and as part of a team

• Excellent verbal and written communication skills

• Ability to manage multiple priorities

• Accuracy and attention to detail

Desired Qualifications:

• Bachelor’s degree (or higher) (finance or accounting highly preferred)

• Understanding of current regulatory reporting rules and regulations

• Prior experience in the financial services industry

• CPA or CFA a plus

Shift:

Hours Per Week: