Senior Regulatory Reporting Controller

Bank of America; Greater London; On-site; GBP 110,000 - 170,000; Full time

Benefits offered by this job

Private healthcare

Pension plan

Life assurance

Annual health screen

Wellbeing account

Payroll charity match

Job summary

Bank of America is seeking a Senior Regulatory Reporting Controller in London to lead the FRTB transition and deliver regulatory reporting readiness. You will work within Global Regulatory Reporting, coordinating with Finance and IT to embed new Basel 3 requirements across the reporting stack.

The role emphasizes front/middle office data, complex calculations, and automation to achieve go-live readiness, with strong stakeholder management and change leadership expectations.

Qualifications

• FRTB knowledge across all elements and regulatory differences.
• Experience across Financial Services, Finance, Risk/Operations.
• Manage senior stakeholders and provide updates.
• Strong analytical and root-cause skills.
• PM experience with complex initiatives.
• Experience with offshore operating models.
• Excellent written and verbal communication.
• Experience with Agile methodologies.
• Adaptability in changing priorities.
• Knowledge of FinRep, CoRep, AnaCredit regulations.
• Experience in dynamic organisations.

Responsibilities

• Deliver transition to BAU across FRTB components in parallel run.
• Support testing and automation for go-live readiness.
• Collaborate with front office and downstream systems teams.
• Root-cause analysis of data/process issues affecting calculations.
• Lead stakeholder communications and status updates.

Skills

FRTB knowledge

Cross-functional experience

Stakeholder management

Analytical thinking

Project management

Offshore model experience

Communication skills

Agile

Adaptability

Regulatory knowledge

Change management

Job description

Job Title

Senior Regulatory Reporting Controller

Corporate Title

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. 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. Join us!

Location Overview

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 additional 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.

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.

What we’re looking for

• 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 off shoring operating model
• Strong written and verbal communication skills
• 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

Benefits

• 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
• 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

Good Conduct and Code of Conduct

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.

Equal Opportunities Employer Statement

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.

Additional Employer Information

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. Join us!

Partnering Locally

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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

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Our Values

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