Bank of America
Regulatory Reporting Consultant-Collateral Operations-Global Market Operations
Bank of America, Chicago, Illinois, United States, 60290
Regulatory Reporting Consultant-Collateral Operations-Global Market Operations
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. 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!Job Description:This job is responsible for providing analysis for one or more operations product areas in the delivery of moderately complex regulatory reporting and/or regulatory processing. Key responsibilities include analyzing and resolving highly complex operations problems, projects, and initiatives, and contributing to the resolution of highly complex problems. Job expectations include coordinating across multiple operations functions and products with the introduction of new initiatives, systems, products, services, and processes.Line of Business Job Description:Here is an opportunity to learn about a variety of traded products, while helping design and automate reports that are distributed to senior level leadership at Bank of America. We are looking for a self-starter, who is curious and analytical, and enjoys the challenge of being a problem solver.Global Collateral Operations manages the receipt of collateral from the company’s trading counterparties and the payment of collateral due to those counterparties, with a global credit support model for the Derivatives, Fixed Income and Prime Brokerage businesses. The Shared Services Reporting team is responsible for the production of reports and information required to comply with both internal management and regulatory reporting requirements. We strive to understand the data requirements and the context in which data will be used and are responsible not only for the accuracy and completeness of data provided but also for meeting reporting process standards for inventory, documentation, communication, validation, and attestation.Responsibilities:Delivers moderately complex regulatory reports to regulatory agencies in line with expectations on completeness, accuracy, and timeliness.Executes control practices, including compliance with all regulatory and policy requirements, including data quality standards.Documents key risks, performance indicators, desktop procedures, controls, and metrics related to reporting, and executes quality assurance, quality control, and report production tasks for regulatory reports.Supports the response to regulatory agencies and internal control partners on inquiries and reporting breaches.Participates in the representation of the reporting function to control partners (e.g., Audit and Compliance).Identifies, tracks, and remediates errors, breaches, data issues, and control enhancements that impact reports.Contributes to the partnerships with key stakeholders, including upstream process owners, data providers, and Non-Financial Regulatory Reporting Interpretation and Technology teams.Required Skills:Strong understanding of financial markets with 2 or more years of experience in any of the following disciplines: Valuations, derivatives or fixed income lifecycle, regulatory reporting, operations, collateral management; as well as balance sheet attestation and general ledger reconciliations.Strong data mining and analysis skills; proficient in Tableau and Microsoft Excel.Methodical and organized mindset, with strong control background and attention to detail with regards to ensuring data integrity and in reviewing documents in accordance with provided procedures/standards.Excellent verbal and written communication skills for the documentation of key control processes into desktop procedures.Ability to present issues/ideas of high complexity in an easy-to-understand manner.Ability to meet deadlines and multi-task.Desired Skills and Experience:Bachelor's Degree.Prior operations experience in the specific functional/product areas.Management and Regulatory Reporting exposure.Tableau & Microsoft Excel.Skills:Problem SolvingReportingAttention to DetailCritical ThinkingData Quality ManagementPrioritizationRisk ManagementAnalytical ThinkingData MiningDecision MakingShift:
1st shift (United States of America)Hours Per Week:
40
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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. 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!Job Description:This job is responsible for providing analysis for one or more operations product areas in the delivery of moderately complex regulatory reporting and/or regulatory processing. Key responsibilities include analyzing and resolving highly complex operations problems, projects, and initiatives, and contributing to the resolution of highly complex problems. Job expectations include coordinating across multiple operations functions and products with the introduction of new initiatives, systems, products, services, and processes.Line of Business Job Description:Here is an opportunity to learn about a variety of traded products, while helping design and automate reports that are distributed to senior level leadership at Bank of America. We are looking for a self-starter, who is curious and analytical, and enjoys the challenge of being a problem solver.Global Collateral Operations manages the receipt of collateral from the company’s trading counterparties and the payment of collateral due to those counterparties, with a global credit support model for the Derivatives, Fixed Income and Prime Brokerage businesses. The Shared Services Reporting team is responsible for the production of reports and information required to comply with both internal management and regulatory reporting requirements. We strive to understand the data requirements and the context in which data will be used and are responsible not only for the accuracy and completeness of data provided but also for meeting reporting process standards for inventory, documentation, communication, validation, and attestation.Responsibilities:Delivers moderately complex regulatory reports to regulatory agencies in line with expectations on completeness, accuracy, and timeliness.Executes control practices, including compliance with all regulatory and policy requirements, including data quality standards.Documents key risks, performance indicators, desktop procedures, controls, and metrics related to reporting, and executes quality assurance, quality control, and report production tasks for regulatory reports.Supports the response to regulatory agencies and internal control partners on inquiries and reporting breaches.Participates in the representation of the reporting function to control partners (e.g., Audit and Compliance).Identifies, tracks, and remediates errors, breaches, data issues, and control enhancements that impact reports.Contributes to the partnerships with key stakeholders, including upstream process owners, data providers, and Non-Financial Regulatory Reporting Interpretation and Technology teams.Required Skills:Strong understanding of financial markets with 2 or more years of experience in any of the following disciplines: Valuations, derivatives or fixed income lifecycle, regulatory reporting, operations, collateral management; as well as balance sheet attestation and general ledger reconciliations.Strong data mining and analysis skills; proficient in Tableau and Microsoft Excel.Methodical and organized mindset, with strong control background and attention to detail with regards to ensuring data integrity and in reviewing documents in accordance with provided procedures/standards.Excellent verbal and written communication skills for the documentation of key control processes into desktop procedures.Ability to present issues/ideas of high complexity in an easy-to-understand manner.Ability to meet deadlines and multi-task.Desired Skills and Experience:Bachelor's Degree.Prior operations experience in the specific functional/product areas.Management and Regulatory Reporting exposure.Tableau & Microsoft Excel.Skills:Problem SolvingReportingAttention to DetailCritical ThinkingData Quality ManagementPrioritizationRisk ManagementAnalytical ThinkingData MiningDecision MakingShift:
1st shift (United States of America)Hours Per Week:
40
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