Senior Regulatory Reporting Controller

Job Description:

Job Title:

Senior Regulatory Reporting Controller Corporate

Title:

Director

Location:

London Company Overview 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!

Location Overview:

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern work spaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind.

Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

Introduction:

Global Regulatory Reporting is responsible for ensuring efficient and proactive management of economic and regulatory capital, and delivering timely and accurate reporting to regulators across EMEA. The team based in Europe with hubs in London, Dublin and Paris with off shore support from India.

The Business Operational Readiness and Operational Excellence team within Global Regulatory Reporting have a remit to look for synergies, improve processes, drive towards global best practice and increase automation across the group in additional to delivering operational readiness for major new regulatory requirements for the firm.

The candidate will join the Finance department in London as part of the Business Operational Readiness and Operational Excellence team, working on the FRTB program which is the Market Risk element of BASEL 3 the regulation written in response to the Financial Crisis.

This team provides a critical link between the change and IT functions and the business stakeholders to ensure the new regulation being delivered is successfully embedded into the Reporting teams daily activities.

Responsibilities:
The successful candidate will be responsible for delivering a successful transition to BAU across all aspects of FRTB.The candidate will be joining an in flight program that has been running for several years at the point of transition from building capabilities to testing capabilities and delivering a Parallel run.

FRTB is delivering new calculations for Market risk to replace current Basel 2.5 rules so the candidate will gain exposure to all elements of the calculation SBA, DRC, RRAO, SA-CVA, BA-CVAThe candidate will be part of the team responsible for all elements of the FRTB calculation within the parallel run, root cause analysis and delivery of automation to achieve operational readiness for go live

Deep knowledge of Front office and up stream operational systems will be of benefit as majority of issues…