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Sr. Regulatory Reporting Controller

Sr. Regulatory Reporting Controller

Charlotte, North Carolina

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**Job Description:**

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 an 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.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

**Job Description:**

The role participates in the production, review and analysis of the derivatives and securities transactions captured in the FRY9C and FFIEC031 Consolidated Financial Statements for Holding Companies and Banks and Banks along with other off-balance sheet details. Responsibilities also include ensuring the reporting is accurate, complete, timely and in conformance with regulatory instructions. Additionally, the role is the liaison for second and third line of defense reviews.

This job is responsible for reviewing regulatory returns for locally regulated legal entities including broker dealers, swap dealers and other legal entities. Key responsibilities include overseeing and performing control processes and variance analysis, reviewing and preparing data submissions, and supporting change initiatives. Job expectations include preparing and analyzing financial reports, issue resolution (including data, process and system), performing risk analysis, working with a team and communicating effectively.

**Responsibilities:**

+ Prepare, review, and analyze data reported on U.S. regulatory reports (FR Y-9C, FFIEC 031)

+ Execute key reporting and process controls, including period-over-period trends, variance analysis, and cross report reconciliations.

+ Monitor changes to reporting instructions and business product strategies

+ Validate conformance with regulatory reporting instructions through a deep understanding of requirements and effective challenge of results.

+ Drive identification, remediation, monitoring and escalation of issues impacting regulatory reporting as well as partner with Technology and Data Management Teams to drive improvements in data quality.

+ Establish working relationships with data owners across multiple lines of business to support complete and timely data submissions.

+ Provide support and subject matter expertise for data quality improvement and sourcing automation projects by communicating reporting requirements, performing UAT testing, and other activities as needed.

+ Manage cross-report/cross-schedule queries from GCOR, Audit, and In Line QA

+ The candidate must demonstrate initiative, a commitment to continuous learning, and the ability to adapt to changing demands and requirements.

+ Provide guidance for interpreting and understanding complex regulatory requirements.

+ Reviews and prepares complete and accurate regulatory reporting returns in a timely and well controlled manner

+ Reviews and prepares reconciliations and variance analysis for daily/monthly/quarterly computations

+ Executes trend and analytical reporting related to computations

+ Works with internal control functions

+ Serves as lead with local regulator and other regulatory examination inquiries

+ Supports regulatory change projects by leading the production aspects of testing and documentation

+ Drives Operational Excellence initiatives to streamline processes improvements

**Required Qualifications:**

+ 5+ years of professional experience in Regulatory Reporting

+ Knowledge and understanding of regulatory reporting instructions

+ Analytical, critical thinking and problem-solving capabilities

+ Strong technical accounting skills and knowledge

+ Able to effectively manage multiple priorities while working both independently and as part of a team

+ Excellent written and verbal communication skills

**Desired Qualifications:**

+ Degree in Accounting/Finance

+ Derivatives and securities subject matter expert

**Skills:**

+ Data and Trend Analysis

+ Financial Accounting

+ Interpret Relevant Laws, Rules, and Regulations

+ Regulatory Compliance

+ Risk Management

+ Attention to Detail

+ Continuous Improvement

+ Financial Analysis

+ Project Management

+ Reporting

+ Analytical Thinking

+ Oral Communications

+ Regulatory Relations

+ Stakeholder Management

+ Written Communications

**Shift:**

1st shift (United States of America)

**Hours Per Week:**

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\_EEOC\_KnowYourRights6.12.pdf) .

View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notic...) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank’s required accommodation request process before your first day of work.

This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.


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