Regulatory Reporting Operations Professional

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:
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.

The Regulatory Reporting Operational Professional is part of the Governed Reporting and Data (GRD) team, supporting regulatory reporting for the Global Markets business.
This role offers broad exposure across Global Markets products, regulatory reporting, data and operations, working closely with Global Markets Operations and key partners to deliver accurate, complete and timely reporting to financial authorities.
Beyond report production, the role provides an opportunity to help shape and strengthen the regulatory reporting environment. As regulatory requirements evolve and reporting activities are centralized, the successful candidate will support the onboarding and migration of reports into GRD, working across stakeholders to understand requirements, solve problems and establish sustainable reporting processes.
The role will also contribute to change initiatives spanning new regulations, systems, products, processes and reporting capabilities. We are looking for someone who is comfortable operating in a dynamic environment, can work independently, and is willing to challenge existing processes and find better ways of working.

Key Responsibilities
• Deliver regulatory reports for Global Markets products, meeting requirements for accuracy, completeness and timeliness.
• Support the migration and onboarding of new Global Markets regulatory reports into GRD, from initial understanding through to operational readiness.
• Execute and maintain a strong control environment, including regulatory, policy and data-quality requirements.
• Monitor report health and identify, investigate and help resolve reporting errors, breaches, data-quality issues and control gaps.
• Maintain key reporting documentation, including procedures, controls, risks, metrics and performance indicators.
• Perform quality assurance, quality control and report-production activities.
• Support responses to regulatory enquiries, reporting incidents and requests from internal control partners.
• Represent the reporting function in discussions with partners including Audit, Compliance, Technology and other control functions.
• Build effective partnerships with upstream process owners, data providers, interpretation teams, Technology and other stakeholders across the reporting lifecycle.
• Contribute to process improvement, automation and transformation initiatives aimed at creating more efficient and sustainable reporting processes.

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

Skills:

• Problem Solving
• Reporting
• Attention to Detail
• Critical Thinking
• Data Quality Management
• Prioritization
• Risk Management
• Analytical Thinking
• Data Mining
• Decision Making

Required Skills: We are looking for someone who combines Global Markets knowledge with strong execution, analytical thinking and the ability to navigate across an organisation.
• Good understanding of financial markets and Global Markets products, with knowledge of areas such as Equities, Commodities and Derivatives.
• Understanding of Global Markets businesses, operations and the transaction/reporting lifecycle.
• Strong technical and analytical capabilities, including Excel and experience analyzing and managing large structured datasets such as books-and-records data.
• Strong problem-solving skills with the ability to investigate issues, connect the dots and drive solutions independently.
• Ability to challenge existing processes constructively and identify opportunities for simplification and improvement.
• Strong attention to detail and ability to deliver accurate work against regulatory deadlines.
• Ability to prioritize effectively and operate independently in a fast-moving environment.
• Clear and confident written and verbal communication skills.
• Strong stakeholder-management skills, with the ability to build relationships and influence outcomes across teams and functions.
• Intellectual curiosity and a willingness to understand the “why” behind the reporting requirement, rather than simply executing the process.
• Sound judgement, integrity and discretion when handling sensitive or confidential information.

Desired Skills:

•  Previous experience in regulatory reporting, Global Markets Operations or a related control environment.
•  Knowledge of regulatory reporting policies, standards and the importance of demonstrating ongoing adherence.
•  Experience supporting regulatory enquiries, examinations, Audit, Compliance or other control partners.
•  Experience with positions, transactions and trade lifecycle processes within Global Markets.
•  Experience supporting report migrations, centralisation or operating-model changes.
•  Experience participating in technology implementations, automation or enhancements to reporting systems.
•  Demonstrated ability to work across multiple stakeholders and bring people together to deliver change.
•  An agile and adaptable mindset, with the ability to learn quickly as regulatory requirements, technology and business priorities evolve