Global 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.

Line of Business Job Description

The US Global Regulatory Reporting Team (GRR) performs a vital role within the broader Global Financial Control organization and is responsible for the preparation, validation, review and submission of approximately 80 US Regulatory Reports across multiple entities including but not limited to BAC, BANA, BAC’s Non-Bank Subsidiaries and the US Broker Dealer.  GRR is seeking a Product Delivery Lead to help drive GFC’s multi-year transformation effort focused on design and delivery of GRR’s strategic architecture, remediation of upstream data quality issues, in-line control automation and improving the accuracy of the Bank’s financial regulatory reports. 

Responsibilities

• Drive delivery execution including Business Requirements, Functional Requirements, testing, project governance, monitoring/escalating risks and supporting operational readiness activities
• Manage team of technical Business Analysts and Testing Analysts located in India responsible for functional design and performing UAT. 
• Ensure business requirements and design meet regulatory instructions and business process efficiency goals.
• Work in close collaboration with key stake-holders at all levels of the organization to develop multi-year roadmap and prioritization of BoW.
• Lead and drive Operational Excellence efforts more broadly across GRR to identify opportunities to reduce operational risk, simplify processes and drive operational efficiency leveraging process re-engineering and emerging technology tools (ie, Alteryx, Tableau).
• Supports Financial Regulatory Reporting Transformation Executive in setting strategic direction for GRR, with a heavy focus on Target Operating Model, global consistency, organizational model and location strategy

Required Qualifications

• 5-7 years experience operating in a Business Analyst/PMO capacity driving transformational change within Finance
• Strong working knowledge of Regulatory Reporting processes and controls
• In depth knowledge of banking products and US GAAP accounting
• Excellent communication and project management skills
• Creative thinker, thinks outside the box and challenges status quo
• Analytical mindset able to resolve complex issues
• Strong communication skills (written, verbal and interpersonal) including tact, diplomacy and ability to influence senior executives
• Integrity, maturity, dependability and positive professional attitude

Desired Qualifications

• Experience delivering change across multiple finance functions including, but not limited to, capital, liquidity and regulatory reporting
• Bachelor's degree or higher in finance or accounting
• Experience in a financial regulatory report production role is a plus

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
• Analytical Thinking
• Oral Communications
• Regulatory Relations
• Stakeholder Management
• Written Communications

Shift:

Hours Per Week: