Senior Regulatory Reporting Controller

Bank of America Corporation; City of Westminster; Sur place; GBP 110 000 - 170 000; Plein temps

Avantages offerts par ce poste

Private healthcare for you and family

Pension plan and life assurance

25 days annual leave and flexible bene

Wellbeing and mental health support

Arts & Culture corporate membership

Volunteer/community involvement

Résumé du poste

Bank of America Corporation is hiring in London for a pivotal role within Global Regulatory Reporting, focusing on the FRTB program under Basel III. You will collaborate with Finance, IT, and business stakeholders to ensure accurate regulatory reporting and a smooth transition to BAU.

The role requires deep knowledge of market risk calculations and cross-functional leadership, with exposure to offshore operating models and a dynamic, regulated environment in the UK.

Qualifications

• Experience with regulatory reporting and capital requirements (FRTB, Basel III).
• Proven ability to work across multiple areas in Financial Services, Finance, Risk, or Operations.
• Ability to manage senior stakeholders and provide leadership updates.
• Strong analytical abilities and problem-solving mindset.
• Experience with offshore operating models and cross-country regulatory considerations.

Responsabilités

• Deliver a successful transition to BAU across all aspects of FRTB.
• Join an in-flight program transitioning from build to testing and parallel run.
• Work on calculations for Market Risk under Basel 3 (SBA, DRC, RRAO, SA-CVA, BA-CVA).
• Contribute to data quality and process improvements driving operational readiness for go-live.
• Communicate clearly with stakeholders and coordinate across IT and business teams.

Connaissances

Agile methodologies

Stakeholder management

Project management

Analytical thinking

Communication skills

Description du poste

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 workspaces 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 addition 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.

Key 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-CVA.
• The 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 encountered which need to be investigated are not within the calculations themselves but within the data or complex process that has led to the calculation. In depth knowledge of all elements of FRTB as well as understanding of regulatory differences across countries.
• Proven experience working across multiple areas within Financial Services, Finance, Risk Management or Operations.
• Ability to manage senior stakeholder relationships and provide leadership updates.
• Strong analytical abilities and inquisitive mindset to identify root cause.
• Strong project management experience structuring and delivering complex initiatives.
• Extensive experience within an offshore operating model.
• Strong written and verbal communication skills.

Skills & Experience

• Prior experience working within Agile methodologies / frameworks.
• Experience of working within a rapidly changing environment where priorities may change quickly.
• Understanding of high profile regulations (FinRep, CoRep, AnaCredit etc).
• Experience of working within challenging and dynamic organisational contexts.

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 wellbeing. 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.

UK Benefits

• 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.
• 20 days of back-up childcare including virtual tutoring 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 etc.
• Use of a flex fund to use towards benefits.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution.
• Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland's most iconic cultural institutions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area.

Equality & Inclusion

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 gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, 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.