Regulatory Reporting Operations Senior Professional

Bank of America; Chester; On-site; GBP 85,000 - 110,000; Full time

Benefits offered by this job

Private healthcare

Pension plan

Generous parental leave

Job summary

Bank of America in Chester seeks a Regulatory Reporting Operations Senior Professional to oversee highly complex regulatory reporting across EMIR, UKEMIR, CFTC, MIFID/MIFIR, SFTR. You will manage projects, coordinate data teams, and act as SME across multiple stakeholders in an Enhanced Quality Assurance function.

The role requires advanced data analytics, strong Excel, and familiarity with tools like Alteryx, Python, SQL, and Power BI, with excellent communication skills and the ability to meet

Qualifications

• Data Analytics - able to process and analyse complex large data sets and articulate how that impacts processes and functions to assess and build recommendations
• Ability to handle diverse workload and tight schedules. Excels in working among diverse teams globally and to take on multiple viewpoints to make sound judgements and decisions / recommendations on the best solutions.
• Excellent communication and presentation skills are essential.
• Advanced Excel with exposure to Data Analytics tools such as Alteryx / Python / SQL beneficial
• Familiarity with Data Visualization Tools such as Power Bi helpful
• Robust computer skills including Microsoft Office Applications
• Excellent verbal and written communication skills
• Ability to work effectively with multiple teams
• Able to work independently and within a team structure
• Ability to handle multiple tasks in a demanding environment and meet deadlines
• Exceptional analytical and problem resolution skills

Responsibilities

• Delivers highly complex regulatory reports to regulatory agencies in line with expectations on completeness, accuracy, quality, and timeliness.
• Defines and executes control practices, including compliance with all regulatory and policy requirements, including data quality standards.
• Ensures that key risks, performance indicators, and desktop procedures are fully documented, in line with enterprise standards, reviewed on a regular basis and challenged and escalated where necessary.
• Responds to inquiries from regulatory agencies and internal control partners (Audit and Compliance), and provides reporting, as needed.
• Establishes credible, collaborative and influential relationships with key senior stakeholders, including FLU and Front Office partners.
• Identifies, tracks, and remediates errors, breaches, data issues and control enhancements that impact the respective reports.
• Coordinates the partnership with upstream process owners and data providers to improve data quality of regulatory reports, and with Non-Financial Regulatory Reporting Interpretation and Technology teams to review and maintain data dictionaries for completeness of business requirements and ensure completeness of all operational and reporting requirements.

Job description

Job Description: Job Title: Regulatory Reporting Operations Senior Professional Corporate Title: Up to VP 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. 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.

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 job is responsible for defining, providing and overseeing analytical processes for highly complex regulatory reporting for one or more operations product teams. Key responsibilities include managing complex projects and workstreams involving systems enhancements, process improvements, products and services. Job expectations include serving as a subject matter expert to other teammates and handling highly complex issues that require management and coordination across multiple stakeholders. This position is responsible for working in the Enhanced Quality Assurance Function within Transaction Reporting Control Group. The EQA team is primarily focused on validating the completeness, accuracy, and timeliness of the transaction reporting submissions across multiple regulatory regimes (EMIR, UKEMIR, CFTC, MIFID/MIFIR, SFTR). This role supports teams in the QA, testing, and delivery of change, including the remediation of issues identified.

Responsibilities

• Delivers highly complex regulatory reports to regulatory agencies in line with expectations on completeness, accuracy, quality, and timeliness.
• Defines and executes control practices, including compliance with all regulatory and policy requirements, including data quality standards.
• Ensures that key risks, performance indicators, and desktop procedures are fully documented, in line with enterprise standards, reviewed on a regular basis and challenged and escalated where necessary.
• Responds to inquiries from regulatory agencies and internal control partners (Audit and Compliance), and provides reporting, as needed.
• Establishes credible, collaborative and influential relationships with key senior stakeholders, including FLU and Front Office partners.
• Identifies, tracks, and remediates errors, breaches, data issues and control enhancements that impact the respective reports.
• Coordinates the partnership with upstream process owners and data providers to improve data quality of regulatory reports, and with Non-Financial Regulatory Reporting Interpretation and Technology teams to review and maintain data dictionaries for completeness of business requirements and ensure completeness of all operational and reporting requirements.

What we are looking for

• Data Analytics - able to process and analyse complex large data sets and articulate how that impacts processes and functions to assess and build recommendations
• Ability to handle diverse workload and tight schedules. Excels in working among diverse teams globally and to take on multiple viewpoints to make sound judgements and decisions / recommendations on the best solutions.
• Excellent communication and presentation skills are essential.
• Skills that will help: Advanced Excel with exposure to Data Analytics tools such as Alteryx / Python / SQL beneficial
• Familiarity with Data Visualization Tools such as Power Bi helpful
• Robust computer skills including Microsoft Office Applications
• Excellent verbal and written communication skills
• Ability to work effectively with multiple teams
• Able to work independently and within a team structure
• Ability to handle multiple tasks in a demanding environment and meet deadlines
• Exceptional analytical and problem resolution skills

Benefits of working at Bank of America: UK

• 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.

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.

Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe.