Transaction Reporting Governance Professional

Bank of America; Chester; On-site; GBP 45,000 - 85,000; Full time

Job summary

An established industry player is seeking a Transaction Reporting Governance Professional to join their Governance team in Chester. This role offers a unique opportunity to shape governance structures and ensure compliance with regulatory standards. You'll collaborate with cross-functional teams, manage complex projects, and provide critical insights to senior stakeholders. The company is committed to fostering a diverse and inclusive workplace, providing ample opportunities for career growth, and ensuring the well-being of its employees. If you're passionate about making a difference in the financial sector, this role is perfect for you!

Benefits

Private Healthcare

Competitive Pension Plan

Back-up Childcare

Flexible Benefits

Emotional Wellbeing Helpline

Arts & Culture Corporate Membership

Volunteering Opportunities

Qualifications

• Experience in regulatory trade and transaction reporting.
• Ability to manage and communicate with cross-functional stakeholders.

Responsibilities

• Manage complex projects and workstreams involving systems enhancements.
• Define and execute control practices for compliance with regulations.

Skills

Regulatory Trade and Transaction Reporting

Stakeholder Management

Management Information Reporting

Risk and Control Environment

Data Analysis

Tools

JIRA

Excel

PowerPoint

Job description

Job Description:

Job Title: Transaction Reporting Governance Professional

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 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:

The Governance team is responsible for ensuring that Transaction Reporting Operations work in accordance with current regulations and enterprise-wide standards. This is an exciting opportunity to play an integral role across all areas of Governance within the Transaction Reporting Control Group (TRCG). The successful candidate will help shape and embed our core governance structures, oversee breach management, produce function-related management information, ensure TRCG are compliant with enterprise policies (e.g., Enterprise reg Reporting, Vendor Management and Procurement, Records Management) and be part of shaping and delivering the training and communication agendas.

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.

Responsibilities:

• Maintains a good understanding of Transaction Reporting BAU health, Remediation and Change Projects and is able to track this at Enterprise, Legal Entity and Jurisdiction level.
• Summarises the above for senior audiences at an appropriate level of detail and consistency across multiple governance forums globally.
• Understands the responsibilities of NTCR, Technology, GCOR and Line of Business in delivering transaction reporting excellence for the enterprise
• Defines and executes control practices, including compliance with all regulatory and policy requirements, including data quality standards
• Manages and maintains all TRCG related Management Information and supports Process Management requirements.
• Collaborates with technology teams to maintain and update internal control systems as required, providing business requirements and executing Acceptance testing
• 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 (e.g., 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 and tracks errors, breaches, data issues and control enhancements that impact the respective reports as required
• Provides independent review of transaction reporting breaches ensuring minimum standards are applied rigorously
• Coordinates the partnership with upstream report owners and data providers to ensure compliance with Enterprise regulatory Reporting Policy
• Collaborates with Non-Financial regulatory Reporting and Technology teams to review and maintain data dictionaries for completeness of business requirements

What we are looking for:

• You will have exposure to the regulatory trade and transaction reporting landscape.
• You will have experience in managing and communicating with cross-functional senior stakeholders.
• You will have experience in producing and tracking MI reports.
• You will have experience in a risk and control environment, ideally within Banking, Middle office, or Operations.

Skills that will help (optional):

• Being able to balance competing priorities and quickly change direction would be beneficial.
• Having intellectual curiosity and continually learning would be beneficial.
• Having the ability to anticipate risks and issues and identifying solutions would be beneficial.
• Experience of having worked with workflow management tools (e.g. JIRA) would be beneficial.
• Moderate to advanced skills in desktop products (Excel, Powerpoint etc)
• Comfortable with data analysis
• Having an enquiring mindset

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
• 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

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 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.