Transaction Reporting Quality Assurance and Controls Professional

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

Job description

Job Description:

Job Title: Transaction Reporting Quality Assurance and Controls 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. 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:

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:

An exciting opportunity to join the Transaction Reporting Control Group, working in the Enhanced Quality Assurance Function. The Enhanced Quality Assurance team forms a significant part of TRCG, with 70 associates based in London, Chester, Gurgaon, Hyderabad and Mumbai. The role is primarily focused on validating the completeness, accuracy and timeliness of the transaction reporting submissions across multiple regulatory regimes (e.g. Dodd Frank, EMIR, MIFID/MIFIR, SFTR etc.)

Responsibilities:

• You will analyse regulatory communications and updates to understand the day-to-day impact on transaction reporting.
• You will work with subject matter expertise to understand and concisely document requirements focusing on the practical application of regulatory text as it pertains to the Bank's trading activity.
• You will identify process and system changes and timelines required to implement regulatory changes.
• You will manage stakeholders across Front Office, Technology, Compliance, and Transaction Reporting Operations teams to ensure regulatory reporting deliverables are implemented accurately and follow internal best practices.
• You will support teams in the QA, testing, and delivery of change, including the remediation of issues identified.
• You will deal with any escalation in a timely manner, with the ability to communicate up to C-suite stakeholders.

What we are looking for:

• You will have demonstrable evidence of stakeholder management across all levels, including senior management.
• You will have the ability to handle diverse workloads and tight schedules, prioritising work when appropriate.
• You will have previous experience analysing large data sets, ideally with Excel or Power query.
• You will possess an analytical mindset, being able to translate complex issues into practical plans.

Skills that will help (optional):

• Previous experience in financial services or investment banking would be an advantage but isn’t a necessity.
• Strong working knowledge of one or more of the key global transaction reporting jurisdictions would be a plus (EMIR, MIFID/MIFIR, SFTR, Dodd Frank, ASIC, MAS, HKTR, and JFSA).

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.