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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:
This job is responsible for overseeing a unit or section of a segment for a site, region, or product line within the bank's internal operations. Key responsibilities include identifying, analyzing, and resolving complex problems, ensuring compliance with policies, and identifying opportunities to improve process performance and operating efficiency. Job expectations include knowledge of operations support management and expertise in functional area(s) gained through increasingly more responsible management positions in operations.
The GM (NFRR) team is responsible for the consistent application of interpretation, data sourcing, preparation, governance and oversight of Global Markets regulatory reports – with the overall goal of centralizing and standardizing regulatory reporting across Global Market Operations.
The Product management function is part of the NFRR team and by partnering with functional stakeholders and technology groups we prioritize and manage change driven by business, legal, regulatory, compliance or market requirements. The function is seeking to recruit associates into a growing team to support the Non-Financial Regulatory Reporting (NFRR) Change program across global regions.
Responsibilities:
• Help deliver a comprehensive product strategy across multiple reporting platforms
• Analyze new and existing regulations against firm practices, assess current state of reports for improvement
• Establish an intake process for new regulations, data incidents, and system fixes
• Establish a robust prioritization model for report automation, product enhancement and data quality upgrades
• Implement effective routines to ensure business requirements are understood, tracked and documented, whilst holding key business and technology partners accountable
• Establish comprehensive, data-informed, and long-term strategy for enhancing reporting platforms and report automation in the portfolio with fully developed tools for maintaining or altering the strategy
• Communicate with a broad audience of business and technology partners in a variety of formats and in a way that ensures all audience members understand and can adhere to the strategy
• You will plan and organize projects using tools and techniques, including Technology platforms used by client facing employees, change management tools, and risk and issue management tools to ensure efficient and effective project completion.
• You will navigate across various Lines of Business and partner organizations, including Technology and Risk, leading them to negotiate decision making for efficient and effective resolution.
• You will be required to communicate across all levels of seniority, providing relevant updates both verbally & through concise metrics & materials
Additional Responsibilities:
Managerial Responsibilities:
This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
Skills:
Required Skills:
• Global Markets Operations Project Management experience
• Process design/migration experience
• Solid understanding of Global Markets
• Ability to identify changes that have an impact across multiple process and stakeholders.
• Identify efficiency gains in regulatory reporting processing
• Hands on approach and process excellence mind set
• Ability to influence and drive progress across key business partners
• Ability to prioritize work and adapt to changing needs in a dynamic work environment
• Track record of delivering projects to plan and on budget.
• Ability to provide clear oral and written communication to a variety of business and technical audiences.
• Experience with regulatory programs – understanding requirements through to implementation
• Experience with regulatory project delivery and interaction via exams, periodic routines etc.
• Knowledge of Operations processing & regulatory requirements.
• Proficient with MS products: Word, Excel, PowerPoint, Project and Visio.
Desired Skills:
• Global Banking / Markets Operations experience – ideally with knowledge of NFRR or similar regulatory mandates would be advantageous.
• Proficiency in process design / mapping would be advantageous.
• Understanding of process migration
• Showing the ability to continually learn and serve our clients better would be an advantage.
• Commitment to challenging the status quo and promoting positive change, utilizing new thoughts and ideas would be an advantage.
• Audit/GIS experience, working in a team environment
Shift:
1st shift (United States of America)Hours Per Week:
40Full Time
Banking
$73k-93k (estimate)
08/17/2024
11/05/2024
bankofamerica.com
FARMINGTON, NM
>50,000
1968
LINDA BOYCE
>$50B
Banking
Bank America is an insurance company based out of P.O. BOX 15292, Richmond, Virginia, United States.
The job skills required for Operations Lead include Planning, Innovation, Written Communication, Alignment, Project Management, PowerPoint, etc. Having related job skills and expertise will give you an advantage when applying to be an Operations Lead. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Operations Lead. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Operations Lead positions, which can be used as a reference in future career path planning. As an Operations Lead, it can be promoted into senior positions as an Operations Manager that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Operations Lead. You can explore the career advancement for an Operations Lead below and select your interested title to get hiring information.
If you are interested in becoming an Operations Lead, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become an Operations Lead for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Operations Lead job description and responsibilities
A business operations manager plans and organizes the activities of a business, government agency, and non-profit organization.
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Operations managers are usually experienced leaders.
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Operations managers usually have to oversee almost every department of a business.
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They also have a good handle on the staffing requirements of the organization.
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An operations manager needs to make sure focus remains on the organizational objective, rather than the narrow focus of different department and division goals.
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Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Operations Lead jobs
Hence, operations managers need to have great organisational skills.
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An Operations Manager Focuses on Quality.
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An operations manager needs to be a good decision-maker.
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Handle tasks efficiently and avoid procrastination.
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Communicate effectively — and often.
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Step 3: View the best colleges and universities for Operations Lead.