Regulatory Reporting Operations Analyst

Job Title:
Regulatory Reporting Operations Professional

Corporate

Title:

Assistant Vice President

Location:
Chester

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!

An exciting opportunity has arisen for a Transaction Reporting Controls Lead to join the Transaction Reporting Control Group (TRCG). TRCG is a post-process quality assurance function that validates the completeness, accuracy and timeliness of G20 transaction reports and related obligations.

The team’s main responsibility is to act as Report Preparers for 41 transaction reports including CFTC and SEC reports in USA, EMIR, SFTR and MiFID reports in UK and Europe, and reports for regulators in Canada, Switzerland, Hong Kong, Singapore, Australia, Japan and South Korea. For each of these reports, the processing and submission is a fully automated activity performed in real-time;

TRCG operates a risk-based control framework to ensure the integrity of the process and submitted data.

The role is based in the Submission Control function, which is primarily focused on remediating exceptions received from trade repositories that provide the bank’s transaction reports to regulatory bodies globally.

• You will monitor and resolve pre- and post-submission transaction reporting errors across global jurisdictions (EMIR, SFTR).
• You will investigate issues and carry out root cause analysis; elevate regulatory breaches to senior management as required.
• You will partner with key stakeholders within TRCG and across the organisation (including Front Office, Technology and Compliance) to resolve issues.
• You will define remediation requirements and manage the remediation effort through to resolution.
• You will produce and disseminate function-related MI as required and provide insightful commentary and analysis.
• You will conduct data analysis to assist in responding to internal, client and regulator enquiries
• You will participate in Change Management and business readiness activities to implement internal and external changes affecting transaction reporting.
• You will drive the continuous improvement of processes and controls through Operational Excellence to bring reporting in line with non-financial regulatory reporting (NFRR) global standards

• Experience of working in Banking Middle Office, Operations or other relevant functions will be ideal
• You will have an Operational Excellence and process enhancement mindset.

• You will have strong communication skills across cross-functional stakeholders at varying levels of seniority.
• You will have the ability to conduct and review meaningful analysis on large data sets and providing insightful commentary.

• An understanding of the regulatory…