Regulatory Reporting Operations Senior Professional

Job Description:

Job Title: Regulatory Reporting Operations Senior Professional

Corporate Title: Assistant Vice President

Location: Chester or Bromley

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!

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.

Responsibilities:

Transaction Reporting is responsible for ensuring the completeness, accuracy and timeliness of the Bank’s transaction reporting obligations across multiple global regulatory jurisdictions.

This role sits within the Remediation team, whose purpose is to drive improvements in Transaction Reporting through remediation assessment, root cause oversight, management information, process optimisation and effective governance.

A key focus of your role is assessing multi-layered, aged and blocked reporting breaches to establish whether viable remediation options remain available. The role provides independent task to ensure all reasonable remediation avenues have been explored before closure is considered. It also supports the team’s broader targets through the production of management information, root cause analysis, procedural and training documentation, and continuous improvement initiatives.

What we are looking for:

• Understanding of the regulatory trade and transaction reporting landscape would be ideal
• Familiar with key regulations: EMIR, MIFID, SFTR, CFTC and others.
• Prepared to remain current on the regulatory reporting landscape to ensure the firm’s reporting remains in step with any changes
• Industry Experience:
• Experience in remediating transaction reporting issues, including back-reporting
• Familiar with key trade flow components: how trades are booked, cleared, captured, consumed by the reporting systems, processed, submitted to the regulatory / repository)
• Experience in key transaction reporting systems and how they interact with each other
• Business Analysis / Project Management
• Project experience: business analysis, project management, data analysis, and testing skills are required for this role.
• Experience in managing cross-functional stakeholders
• Experience of working in Banking MO, Operations, or other relevant functions would be
• Product specific knowledge inside / outside of transaction reporting operations.

Benefits of working at Bank of America: UK

At Bank of America, we strive to prioritise employees’ health and wellbeing – it’s what makes us a Great Place to Work.

• 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
• We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back-up childcare including access to school holiday clubs 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 well-being account, travel insurance, critical illness, cycle to work etc.
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, and virtual GP services
• Access to the Peppy App which provides 1:1 support, consultations and resources relating to men’s health, women’s health, fertility, menopause and pregnancy & parenthood
• Access to a range of gyms, exercise classes and wellbeing Apps through Wellhub, including Headspace and Calm
• 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 sex, gender identity or gender reassignment, marital or civil partner status, race, religious or similar philosophical belief, political opinion, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or 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.