Business Control Specialist; Report Owner Global Payments Solutions Non-Financial Regulatory Reporting, London

Job Description:

Job Title: Business Control Specialist - Report Owner Global Payments Solutions Non-Financial Regulatory Reporting

Corporate Title: Associate or Vice President

Location: London

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!

London Location Overview

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

Responsibilities

This is an exciting opportunity to join our newly created Global Payments Solutions (GPS) Non-Financial Regulatory Reporting Center of Excellence (NFRR COE) to centrally manage the ownership of GPS NFRRs. Our Global Payments Solutions (GPS) business turns technological advances into treasury solutions, offering a smarter, more sophisticated treasury relationship that redefines insights, delivers efficiency and helps our clients stay ahead.

As a GPS NFRR COE Report Owner, you will play a critical role in ensuring compliance with regulatory reporting requirements and developing and maintaining procedures and processes to ensure accurate, complete, and timely submission of regulatory reports in conformance with regulatory instructions.

We’re looking for someone with a passion for the financial industry and a commitment to producing high-quality work. The ideal candidate for this role will have experience in regulatory reporting. To succeed in this role, you must possess excellent communication and problem-solving skills and a strong attention to detail.

• Responsible for accurate, complete, and timely submission of NFRRs in conformance with regulatory instructions.

• Develop and maintain procedures and processes to ensure accuracy and efficiency of all regulatory reporting activities and ensure compliance with applicable regulatory reporting requirements.

• Partner closely with risk function colleagues to identify, understand, and implement new regulatory reporting requirements.

• Collaborate with the Governance team on governance procedures, error escalation and issue management processes.

• Provide expertise on regulatory reporting requirements and best practices.

• Troubleshoot and drive the resolution of issues related to regulatory reporting.

• Participate in audit/regulatory/compliance assessments and key governance forums.

• Collaborate with internal teams to ensure consistent application of regulatory standards.

• Liaise with senior stakeholders to address potential risks and challenges.

What we are looking for

• Bachelor’s degree required or equivalent working experience in banking or finance industry.

• Experience in internal audits and/or regulatory audits.

• Knowledge in Transaction Banking products offered by global financial institutions.

• Prior experience in Transaction Banking will be advantageous.

• Fluency in English required and proficiency in at least two foreign languages (French, Portuguese, or Spanish).

• Excellent professional skills, including verbal and written communication, presentation, time management and stakeholder management.

• Experience in regulatory reporting will be highly beneficial.

• Demonstrate critical-thinking and problem-solving skills.

• Candidate will be a self-motivated, keen attention to detail and can take ownership of delivery.

• Proficient in Microsoft Office (Excel, PowerPoint, and Word).

• Possess an understanding of governing regulations would 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 access to school holiday clubs 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.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• Access to an Employee Assistance Program for confidential support and help for everyday matters

• 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 program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or 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.