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 Summary:

Manages diverse administrative functions usually for a very large, complex department or business unit. Functions managed may include budgeting, personnel processes, audit/compliance, and coordination of certain projects, associate training, service quality, process improvement, business continuity, or communication. May consult with senior management to define and manage projects that encompass and impact many associates. Requires a thorough knowledge of the department or business unit's functional area or products. Working knowledge of general bank & NFRR policies, programs and procedures and financial/accounting practices. May have full management responsibility over a team or may manage one level of managers.

Job Description:

Global Markets Non-Financial Regulatory Reporting FLU Governance Team is responsible for overseeing the regulatory change pipeline, performing regulatory change impact assessments, initiating/directing regulatory implementation programs, facilitating ongoing adherence to applicable laws, rules, regulations (LRRs), and internal Policies & Standards, coordinating registration of reports within the NFRR Inventory and ensuring initiatives are properly funded.   In this capacity, the candidate will partner closely with representatives from Global Markets along with numerous support partners including Trading & Sales, Legal, GCOR, Audit, Technology, Finance, and Operations.   In this role you will be responsible for end to end reporting, governance, monitoring, controls, front office adherence to NFRR policy and driving strategic initiatives and projects to completion.

Key Responsibilities:

Serve as a point of escalation for reporting errors, risks, and issues to ensure inclusion in applicable FLU/CF Reg Reporting Governance routine.

Ensuring that Global Markets has Risk Ratings, Internal Control Framework and Manual Data Provider, and Quality Assurance process in place and are NFRR Policy adherent.  Key procedural requirements include:

a clearly defined materiality threshold identifying categorization of breaches and reporting issues and specifications and criteria for when regulatory notification and/or report resubmission are required.

Coordinate with the FLU Governance QA Lead to monitor and test NFRR Policy adherence of registered reports and respond to Enterprise QA and Audit Team requests.

Coordinate with GCOR, Report Owners and Report Preparers to implement amendments to LR&Rs, obtaining regulatory guidance and understanding business requirements in modifying or adding new reports into inventory.

Evaluating risks associated to Regulatory Reporting process and following the control framework to assess accuracy, completeness, and timeliness of reports.

Manage and prioritize strategic initiatives and special projects related to data resolution, and coordinate with the front office data management teams.

Escalate metric issues, resubmissions, methodology changes to senior management (GSEP, Front Office and Support Partners) and regulators.

Ensure periodic reviews of metrics logic, documentation and other Rule requirements are performed.

Partner with business leaders, project managers, technology managers, data management, and other functions to understand and prioritize impacts of hierarchy, data and business strategy changes.

Ensuring reports and changes to reports are accurately reflected in a Governed Report Inventory and associated attributes are complete.

Manage Inventory Disputes – coordinate with NFRR FLU Leaders outside of GM to resolve inventory disputes of reported being transferred into or out of Global Markets Inventory.

Manage the annual Enterprise Inventory Attestation and the bi-annual Report Owner Attestation of High-Risk Reports

Lead the monthly NFRR Tax Steer Council

Competencies and Requirements:

Bachelor's degree or equivalent work experience.

10+ years of exposure to financial markets/products, preferably with exposure to Global Markets, Sales and Trading and experience with US regulations.

Demonstrated experience partnering with Technology and other groups to deliver business objectives and prioritizing tech initiatives.

Strategic thinker and execution minded.

Excellent verbal and written and oral communication with poise to communicate with senior leaders and the regulators.

Strong presence and ability to handle pressure.

Ability to positively influence others, regardless of seniority, in order to achieve results.

Able to adapt to changing business/regulatory environments.

Excellent time management, organization skills and ability to prioritize and manage competing priorities with excellent attention to detail.

Must be able to work well in collaborative team environment, but also independently.

Ability to lead across multiple lines of business to orchestrate cohesive oversight and delivery management.

Shift:

1st shift (United States of America)

Hours Per Week: 

40