Regulatory Reporting Operations Professional

Job Title:
Regulatory Reporting Senior Professional

Corporate

Title:

Vice President

Location:
Chester or Bromley At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Find us in the city of Chester, a destination renowned for its culture, history, and beauty. Working at Bank of America Chester offers a far-reaching global career for a world-renowned organisation, whilst being ideally situated against the backdrop of the rolling North Wales hills and the banks of the serene River Dee.

This role provides analysis across operational areas supporting regulatory reporting and processing. Responsibilities include resolving complex operational issues, supporting projects and ideas, and coordinating across functions to implement new systems, products, services and processes.

Transaction Reporting is responsible for the completeness, accuracy and timeliness of the Bank’s reporting obligations across multiple global regulatory jurisdictions.

The Test Execution team validates regulatory changes, strategic initiatives and remediation activities before implementation, supporting Global Markets in meeting obligations across 41 transaction reporting regimes. The team covers key asset classes, including OTC, ETD, Securities Lending and Commodities, with teams across the UK and GBS locations in India.

• Lead the delivery and oversight of regulatory reporting, ensuring completeness, accuracy and timeliness.
• Oversee key controls and adherence to regulatory, policy and data quality requirements.
• Drive the identification and remediation of reporting errors, breaches, data issues and control weaknesses.
• Provide oversight of testing and quality assurance, ensuring regulatory changes and remediation activities are effectively validated.
• Lead responses to regulatory enquiries and reporting issues, partnering with Compliance, Audit and other control functions.
• Manage key risks, controls and performance indicators, driving continuous improvement across reporting processes.
• Build strong partnerships across Operations, Technology, Data and Regulatory Reporting teams to deliver strategic and regulatory change.
• Provide subject-matter expertise and guidance on complex reporting and operational matters.

• Understanding of the regulatory trade and transaction reporting landscape would be ideal Familiar with key regulations: EMIR, MIFID, SFTR, CFTC.
• Prepared to remain current on the regulatory reporting landscape to ensure the firm’s reporting remains in step with any changes
• Experience in remediating transaction reporting issues, including back-reporting
• Familiar with key trade flow components: how trades are booked, cleared, captured, consumed by the reporting systems, processed, submitted to the regulatory / repository
• Experience in key transaction reporting systems…