Enterprise Position Monitoring & Disclosures Central Lead

Bank of America; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading financial institution in London is seeking an experienced Enterprise Position Monitoring & Disclosures Central Lead. The successful candidate will manage regulatory reporting obligations and drive operational transformation. Ideal candidates should possess strong knowledge of financial markets and the ability to work under pressure. The role offers competitive benefits including private healthcare and a flexible benefits package.

Benefits

Private healthcare

Annual health screen

Pension

Life assurance

Disability coverage

Flexible benefits

Qualifications

• Experience with enterprise position monitoring & disclosures in a management capacity.
• Experience discussing global markets transactions and explaining regulatory obligations.
• Ability to analyze, manipulate, and report large structured data sets.

Responsibilities

• Managing completion of all regulatory reporting obligations in EMEA.
• Overseeing issue resolution arising from disclosures.
• Driving the governance framework over non-financial regulatory reporting.

Skills

Strong knowledge of financial markets

Knowledge of key regulations

Experience in transformative capacity

Analytical skills with data sets

Excellent interpersonal skills

Ability to work under pressure

Tools

Excel

Job description

Overview

Job Title: Enterprise Position Monitoring & Disclosures Central Lead

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

Location Overview: Our London office is based near St. Paul’s Cathedral on King Edward Street with modern workspaces, an onsite restaurant with sustainable menus, a rooftop terrace, onsite gym facilities and a medical centre.

Role Description

This role manages a major component of a product line, function, or multiple operations units within a large segment of the company\'s operations support functions. Key responsibilities include developing and implementing processes, programs, and systems to improve efficiency and ensure operational quality standards are met. Job expectations include managing two or more levels of managers.

The Enterprise Position Monitoring and Disclosures (EPMD) team is part of the Global Markets Non-Financial Regulatory Reporting department. It is a global function with three regional hubs (Americas, Asia Pacific, EMEA). The regional teams monitor and disclose relevant positions and transactions under regional substantial shareholdings, takeovers, residual short positions, and other regulatory position limits rules.

The EPMD Central Lead will have dual regional and horizontal scope — primarily managing EPMD monitoring and disclosure preparation of non-financial regulatory reports under the relevant regulatory reporting laws (substantial shareholdings, takeovers, short positions, issuer requests and industry limits) in the EMEA region. Additionally, the role will drive functional transformation and establish and manage consistent cross-regional global processes.

Responsibilities

• Managing completion of all regulatory reporting obligations aligned to substantial shareholdings, takeovers, short positions, and other regulatory position limits in EMEA.
• Oversee issue resolution arising from disclosures and discuss issues with Non-Financial Regulatory Reporting (NFRR) and Global Compliance & Operational Risk colleagues, working closely with Front-Line Units.
• Oversee the analysis of new rules and regulations pertaining to the monitoring and reporting of holdings of publicly traded equity and equity-linked financial instruments as needed.
• Act as main regional subject matter expert and primary contact for Front-Line Unit Businesses, Line of Business Compliance and legal team on shareholder disclosure matters.
• Establish and supervise effective monitoring processes and routines to ensure compliance with applicable industry and equity ownership limits throughout the region.
• Drive the governance framework over non-financial regulatory reporting and adherence to relevant internal BAC policies.
• Drive organizational transformation to establish an operational mindset and a metrics-driven culture across the global EPMD function.
• Refine and, if required, establish consistent global processes to support global counterparts on regulatory change management, operating model with second line advisory, as well as control room functions.
• Support management with resource and organizational strategy to effectively leverage global teams including captive setups to reduce key person risk and manage cost of regulatory compliance.
• Oversee training and development of the Enterprise Monitoring & Disclosures team and support career development.
• Engage with stakeholders to identify issues and control improvements for remediation and ensure issue resolution.
• Participate in developing long-range strategic plans and implement short-term tactical and profit plans.
• Ensure operational quality and customer service levels are maintained in a cost-effective manner.
• Participate in implementing updates and changes affecting operation segments and monitor performance to ensure standards are met.
• Manage functions carrying substantial risk of exposure and potential loss with significant impact on major corporate customer relationships.

Managerial Responsibilities

This position may also have responsibilities for managing associates. All managers at this level demonstrate the following responsibilities, in addition to role-specific duties:

• Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment.
• Manager of Process & Data: Improves end-to-end process efficiency, champions data-driven decision-making, and removes obstacles to optimize operations.
• Enterprise Advocate & Communicator: Contributes to enterprise strategy and communicates contributions to business purpose and results.
• Risk Manager: Challenges risk controls, governance, and culture to ensure timely identification, escalation, debate and remediation of risk.
• People Manager & Coach: Develops and elevates organizational performance.
• Financial Steward: Allocates and manages resources to drive profitability.
• Enterprise Talent Leader: Manages talent health and succession needs.
• Driver of Business Outcomes: Mobilizes resources to meet client needs and gain competitive advantage.

What we are looking for

• Strong knowledge of financial markets, banking industry, equity and derivative products.
• Knowledge of key regulations concerning shareholder position reporting globally, with emphasis on EMEA (EU Transparency Directive, UK DTR5, UK Takeover Code Rule 8).
• Experience with enterprise position monitoring & disclosures and related hard limit laws and regulations, preferably in a management capacity.
• Experience in transformative capacity (systems and processes) to meet complex reporting requirements.
• Experience in discussing global markets transactions with the Business and explaining regulatory disclosure obligations and/or relevant restrictions.
• Ability to work under pressure and meet tight deadlines with high accuracy.
• Technical skills (e.g., Excel) and ability to analyze, manipulate, and report large structured data sets.
• Excellent interpersonal skills with all levels; conflict management.
• Discretion with confidential information and a high level of integrity.

Skills that will help (optional)

• Previous experience as department head for the equivalent function

Benefits of working at Bank of America

UK benefits include private healthcare for you and family, annual health screen, pension, life assurance, disability coverage, back-up childcare, flexible benefits, wellbeing accounts, and more. Other wellness and charitable matching initiatives are available.

Bank of America

Good conduct and sound judgment are crucial to long-term success. We are an equal opportunities employer and ensure no applicant is subject to less favourable treatment on grounds of sex, gender identity, race, religion, age, sexual orientation, or disability. The Bank selects candidates for interview based on skills, qualifications and experience. We strive to make recruitment accessible and welcome adjustment requests.