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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
The Regulatory Relations Specialist is responsible for the execution of the overall strategy for regulatory engagement and enterprise-wide standards. This includes assisting with the management of regulatory examinations, inquiries and meetings. Additional responsibilities include:
- Partnering with Global Regulatory Relations (GRR) and Front-Line Unit / Control Function (FLU/CF) during the management of exams, inquiries and other regulatory matters in accordance with enterprise-wide standards.
- Collaborating effectively with FLU/CF stakeholders to execute enterprise-wide standards.
- Supporting regulatory exams to ensure consistent exam practices, successful execution, and reduction of risk exposure for the company. This includes ensuring timely response to regulatory inquiries; supporting the execution of ongoing supervision meetings; aiding with preparation of regulatory responses; as well as regulatory activity tracking, reporting and escalation.
- Maintaining quality records and documentation throughout the regulatory lifecycle, this includes tracking deliverable status, detailed meeting notes and recaps, archiving exam evidence, etc.
- Supporting critical logistics throughout the regulatory lifecycle, including building and systems access, site and room reservations, delivery of examination evidence through approved portals.
- Partnering with GRR colleagues to share best practices, identify regulatory themes and emerging issues.
Required Skills:
Your background
5+ years of experience in risk management, enterprise-wide role, managing regulator activities or a combination of each.
- 5+ years of professional experience in APAC at (a) a financial regulator in a supervisory role, or (b) a financial institution in a regulatory relations or regulatory affairs role.
- 3+ years of experience in managing or governing regulatory matters (incl. exams) in APAC.
- Solid understanding of APAC regulator’s supervisory approach and regulatory focus areas.
- Strong relationships with mid to senior level officers at APAC regulators.
- 3+ years of engagement and relationship management with APAC regulators.
- Experience in working at a US or EMEA headquartered financial institution in APAC is a plus.
- Broad network with experienced professionals in regulatory relations, regulatory affairs, or a similar role at peer global financial institutions in APAC is a plus.
- Experience planning and supporting large scale projects
- Ability to drive projects to meet critical milestones and identify potential roadblocks for the team
- Strong project management skills; attention to detail; ability to drive projects to conclusion
- Ability to manage multiple tasks and stakeholders at once, prioritize workflow and deliver results under pressure and time constraints
- Excellent organizational skills with a keen ability to prioritize daily tasks with project work as well as ad hoc requests
- Proven verbal and written communication skills and presentation skills
- Ability to synthesis information and summarize key themes
- Strong analytical skills
- Ability to work under pressure, calmly within tight deadlines and escalate appropriately.
- Able to develop and maintain good working relationships
- Self-starter, motivated and reliable; ability to work well and seamlessly within a team without a continuous high level of guidance
- Proficiency in using MS Word, Excel, PowerPoint, SharePoint and WebEx
- Multilingual in English and Hindi.
