Regulatory Reporting Professional, UAT Team

Bank of America; Chester; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player seeks a Regulatory Reporting Professional to enhance testing coverage and oversee analytical processes for regulatory reporting. This role involves managing projects, ensuring compliance, and collaborating with various stakeholders. You will work in a dynamic environment that emphasizes personal growth and impactful contributions. Join a team that values diversity and inclusion while offering competitive benefits and a supportive workplace culture. If you are passionate about regulatory reporting and eager to make a difference, this opportunity is perfect for you!

Benefits

Private Healthcare

Annual Health Screening

Competitive Pension

Life Assurance

Income Protection

Flexible Benefits

Emotional Wellbeing Resources

Charitable Donation Matching

Access to Arts and Culture Programs

Volunteering Opportunities

Qualifications

• Proficiency in manipulating data sets in Excel.
• Experience managing stakeholders across multiple business lines.

Responsibilities

• Define and implement control practices ensuring compliance with regulatory standards.
• Lead regulatory change projects and support remediation testing.

Skills

Data Manipulation in Excel

Stakeholder Management

Analytical Skills

Effective Communication

Job description

Job Description:

Job Title: Regulatory Reporting Professional, UAT Team

Corporate Title: Up to Vice President

Location: Chester

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:

Find us in Chester, a city renowned for its culture, history, and beauty. Working at Bank of America Chester offers a global career within a world-renowned organization, situated against the scenic backdrop of North Wales hills and the River Dee.

Role Description:

This role involves defining, providing, and overseeing analytical processes for complex regulatory reporting for one or more operations product teams. Responsibilities include managing projects related to systems enhancements, process improvements, and product and service delivery. The role serves as a subject matter expert and handles complex issues involving multiple stakeholders.

This position will serve as a Regulatory Reporting Professional within the Global Markets Non-Financial Regulatory Reporting UAT Team, focusing on process improvements to enhance testing coverage of Regulatory Reporting projects.

Responsibilities:

1. Define and implement control practices ensuring compliance with regulatory and policy standards, including data quality.
2. Document and review key risks, performance indicators, and procedures, escalating issues as needed.
3. Identify and remediate errors, breaches, data issues, and control enhancements affecting reports.
4. Coordinate with upstream process owners and data providers to improve data quality and maintain data dictionaries.
5. Execute test plans, scenarios, scripts, and system modifications for implementation, including booking test trades in UAT systems.
6. Ensure timely and secure delivery of information to regulators and central banks globally.
7. Lead regulatory change projects and support remediation testing.
8. Build collaborative relationships with stakeholders across Operations, Technology, Front Office, and Compliance.
9. Act as the main contact for regulatory inquiries.
10. Partner with technology teams to define requirements.

What we are looking for:

• Proficiency in manipulating data sets in Excel.
• Effective communication skills, both written and verbal.
• Experience managing stakeholders across multiple business lines.
• Strong analytical mindset.

Optional Skills:

• Knowledge of regulations is advantageous.
• Experience in banking or financial services is a plus.

Benefits of working at Bank of America:

• Private healthcare and annual health screening.
• Competitive pension, life assurance, and income protection.
• Back-up childcare and adult care support.
• Flexible benefits including wellbeing accounts and insurance options.
• Access to emotional wellbeing resources and virtual healthcare.
• Charitable donation matching.
• Access to arts and culture programs and volunteering opportunities.

Our Commitment:

We uphold high standards of conduct and emphasize individual accountability. We are an equal opportunity employer and strive to make our recruitment processes accessible. We welcome candidates to inform us of any adjustment needs during the application process.