This position will support regulatory review and analysis with responsibility for oversight and review of key regulatory reporting, including data acquisition and validation, compliance with reporting instructions, review and analysis, and alignment with other external regulatory reporting disclosures. The candidate will help to ensure process improvements by identifying opportunities to automate and standardize processes and effectively challenge how data is reported through analysis and explanation of business drivers impact period over period variances. The position will interface with other regulatory reporting teams to develop standard data sources and to drive a consistency with variance analysis.
Analysis and review of various regulatory reporting schedules and adherence with tight reporting deadlines.
Monitor outstanding data and control issues and assess impact across regulatory reporting, drive remediation efforts and identify compensating controls to mitigate risk.
Liaise with reporting Subject matter experts within regulatory reporting to drive centralized processes.
Prepare business review packages, including governance processes that ensure the accuracy, completeness and relevance of reporting as well as variance analyses that explain fluctuations in terms of business events.
Develop control reports for internal and external edit checks; review and validate business responses.
In-depth understanding of financial and banking products including GAAP and regulatory reporting principles.
5+ years of relevant finance experience in a large corporate environment
BS Accounting, Finance or MBA- CPA preferred.
Solid technology skills, data management.
Organizationally savvy; can work across organizational lines to gain consensus and buy-in from stakeholders
Execution-oriented; with ability to quickly organize work and execute with speed
Strong communication skills – written and verbal Strong team engagement skills
Internal Number: 20022482
About Bank of America
By delivering capabilities through eight lines of business, we provide a unique advantage to each customer and client: the powerful expertise of one team, working together to deliver on our purpose to help make financial lives better through our focus on responsible growth.
Employees in banking, markets and finance roles work directly with individual clients across the U.S., as well as companies and institutional clients globally. This includes our Consumer & Small Business, Wealth Management and Global Banking & Markets lines of business.
Employees in our business support functions work on specialist teams to ensure the strategic, efficient and successful operations of our organization’s day-to-day business. Our administrative, finance, audit, human resources, risk and legal functions make up this team.
Employees in technology and operations help provide the infrastructure, technology platforms and information security capabilities crucial to our ability to serve our clients.