Regulatory Reporting Operations Professional

Bank of America Corporation; Chester; On-site; GBP 70,000 - 95,000; Full time

Benefits offered by this job

Private healthcare for you and your 가족

Competitive pension plan

26-weeks paid maternity leave

16-weeks paid paternity leave

Inclusive family leave arrangements

Flexible benefits including wellbeing/

Wellbeing resources (emotional helpl)

Gym access and wellbeing apps

Payroll charity matching

Volunteer opportunities in local area

Job summary

Bank of America Chester is recruiting a Regulatory Reporting Senior Professional to lead delivery of regulatory reporting, ensuring completeness, accuracy and timeliness. You will oversee controls, data quality and remediation, collaborating with Compliance, Audit and other control functions.

The role requires experience with EMIR, MIFID, SFTR or CFTC, understanding trade flows and reporting systems, and the ability to drive continuous improvement across reporting processes in a global bank.

Qualifications

• Understanding of the regulatory trade and transaction reporting landscape.
• Experience in remediating transaction reporting issues.
• Familiar with key trade flow components and reporting systems.
• Experience with EMIR, MIFID, SFTR, CFTC.
• Prepared to stay current on regulatory reporting landscape.

Responsibilities

• Lead 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.

Skills

Regulatory reporting

Data platforms

Job description

Job Description:

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!

Location Overview:

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.

Role Description:

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.

Responsibilities:

• 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.

What we are looking for:

• 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 by the reporting systems, processed, submitted to the regulatory / repository
• Experience in key transaction reporting systems and how they interact with each other.

Skills that will help:

• Experience in Global Operations, non-financial regulatory reporting, operational reporting, risk management, control functions, or financial services operations.

• Knowledge of enterprise-approved tools, platforms, systems, and data environments used to support scalable reporting, automation, and analytics delivery.

Benefits of working at Bank of America: UK

At Bank of America, we strive to prioritise employees’ health and wellbeing – it’s what makes us a Great Place to Work.

• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness, cycle to work etc.
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, and virtual GP services
• Access to the Peppy App which provides 1:1 support, consultations and resources relating to men’s health, women’s health, fertility, menopause and pregnancy & parenthood
• Access to a range of gyms, exercise classes and wellbeing Apps through Wellhub, including Headspace and Calm
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

Bank of America:

Good conduct and sound judgment is crucial to our long-term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religious or similar philosophical belief, political opinion, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.