Senior Regulatory Reporting Controller

Bank of America; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player seeks a Senior Regulatory Reporting Controller to oversee UK and EU capital calculations. This role offers the chance to collaborate with various stakeholders, implement rule changes, and lead process improvements. Join a diverse team that values collaboration and flexibility, all while working in a modern office environment near iconic landmarks. With a commitment to employee well-being, this position promises professional growth and the opportunity to make a significant impact in the financial sector.

Benefits

Private Healthcare

Annual Health Screen

Flexible Benefits

Mental Health Support

Community Volunteering Opportunities

Qualifications

• Qualified Accountant or CFA with experience in regulatory reporting.
• Strong analytical skills and attention to detail required.

Responsibilities

• Oversee UK and EU capital calculations and reporting.
• Collaborate with stakeholders on capital management and RWA efficiency.
• Lead issue identification and remediation in reporting processes.

Skills

Prudential Regulatory Reporting

Risk Management

Communication Skills

Analytical Skills

Attention to Detail

Leadership Skills

Education

Qualified Accountant

CFA

Job description

Job Description:

Job Title: Senior Regulatory Reporting Controller

Location: London / Chester

Corporate Title: Vice President

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.

We are committed to being a diverse and inclusive workplace. We hire individuals from broad backgrounds and invest in our teammates' well-being, offering competitive benefits.

Bank of America values collaboration and flexibility, depending on roles. Working here offers opportunities to learn, grow, and make a difference.

Location Overview:

London

Our London office is near St. Paul’s Cathedral, with modern workspaces, a rooftop terrace, onsite restaurant, gym, and medical centre.

Chester

Located in Chester, known for its culture and history, with views of North Wales and the River Dee.

The Team:

Global Regulatory Reporting is part of Global Financial Control, with teams in the US, UK, Ireland, France, and India. The EMEA team has over 50 members and is expanding. We work on regulatory deliverables, capital impact analysis, and strategic projects with various stakeholders.

Responsibilities:

This role in the UK Regulatory Reporting team involves:

1. Overseeing UK and EU capital calculations and reporting for three prudential entities, including RWA calculations and reporting under SA-CCR and IMM.
2. Reviewing daily RWA calculations for management reporting.
3. Producing quarterly external regulatory returns with adjustments and analysis.
4. Implementing rule changes related to capital requirements and reporting.
5. Collaborating with Front Office and other groups on capital management and RWA efficiency.
6. Leading issue identification and remediation in the reporting process.
7. Interacting with external regulators and internal stakeholders such as Risk, Audit, and Compliance.
8. Participating in process improvement initiatives.
9. Supporting system development, including UAT and post-deployment testing, and defining requirements for infrastructure projects.

What we are looking for:

• Qualified Accountant, CFA, or equivalent degree/experience.
• Experience in prudential regulatory reporting within an international financial institution.
• Knowledge of regulatory reporting (CoRep), risk management, or financial products.
• Understanding of CRR rules, IMM, and SA-CRR for derivatives.
• Leadership and stakeholder influencing skills.
• Proactive with strong communication, analytical, and attention-to-detail skills.
• Ability to work independently and in teams, with a focus on control and learning.

Benefits of working at Bank of America:

UK

• Private healthcare, annual health screen, and optional partner screening.
• Competitive pension, life assurance, and income protection.
• Back-up childcare and adult care support.
• Flexible benefits including wellbeing, travel, and critical illness cover.
• Mental health support and confidential helplines.
• Charitable donation matching and cultural memberships.
• Community volunteering opportunities.

We emphasize good conduct, accountability, and equal opportunity employment, ensuring accessible recruitment processes and adjustments for candidates.