What are the responsibilities and job description for the Global Regulatory Reporting Governance & Control Lead position at Bank of America?
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!
Line of Business Job Description:
This role aligns to the Global Regulatory Reporting (GRR) Transformation & Conformance Team within the CFO Global Financial Control (GFC) department. GRR’s purpose is to drive high quality regulatory reports through operationally efficient processes to support the production of various regulatory reports as required by Regulatory authorities. The primary responsibility for this role is to manage the day-to-day responsibilities of the global Governance & Control function. This individual would lead a team across locations and will work closely and regulatory reporting report owners, second and third lines of defense, and the CFO Operational Risk and Controls Oversight team.
Responsibilities:
- Work on issues management - creating issues and ensuring the completion of issues by teams
- Monitor and ensure adherence to the Regulatory Reporting - Enterprise policy
- Creation, review and delivery of metrics for various stakeholders
- Contribute and host governance routines pertaining to regulatory change, errors and policy oversight
- Work on Single Process Inventory and Process Owner Portal
- Management of CFO report inventory
- Provide guidance and direction on regulatory reporting and other inquiries that may arise
- Assist with required training for regulatory reporting requirements
- Provide process improvement solutions for the various functions
- Perform review for functions completed by other team members
- Ensure the necessary controls are in place to manage the various functions/deliverables
- Engage with internal stakeholders, including 2nd Line and 3rd Line
Required Qualifications:
- 7-10 years experience in financial reporting with an understanding of our regulatory environment
- Proven experience of managing a team across locations without direct leadership
- Demonstrates ability to execute change
- Demonstrates a healthy skepticism towards reviewing issue remediation plans and evidence
- Strong controls mindset
- Strong written and verbal communication
- Demonstrated ability to interact with 2nd and 3rd lines of defense in a constructive manner
- Proven ability to work in a collaborative environment to achieve stated objectives
Desired Qualifications:
- Prior audit experience
- Prior governance and/or issue management experience
Skills:
- Critical Thinking
- Ability to think end-to-end
- Control minded, asks questions
- Self-motivated and self-directed
- Excellent time management skills, works under deadlines
- Ability to drive change
- Decision Making
- Executive Presence
- Talent Development
- Issue Management
- Oral Communications
- Written Communications
- Analytical Thinking
- Presentation Skills
- Regulatory Compliance
Shift:
1st shift (United States of America)Hours Per Week:
40
