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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!

Group Description

The Chief Financial Officer (CFO) Group is responsible for the overall financial management of our company. This includes accounting, financial and regulatory reporting, balance sheet management, financial planning and analysis, treasury, investor relations, corporate investments and tax.

Global Financial Control (GFC) is responsible for managing and executing consolidated financial and legal entity reporting; interpreting and applying accounting policy and standards; overseeing financial controls and operational risk assessments; managing and maintaining financial data and systems; managing general ledger and sub‐ledger accounting; and supporting tax activities. In short, our focus in GFC is to get the numbers right and to work in support of the company’s goals, most importantly responsible growth.

Centralized Regulatory Reporting (CRR) is responsible for preparation, review, and submission of U.S. financial regulatory reports for the bank, broker-dealer, and certain non-bank subsidiaries and works closely with business and finance partners across the organization to gather, analyze and prepare required regulatory reports. Regulatory reporting is an important enterprise-wide effort providing Company data to regulatory agencies for analytical and supervisory purposes.

Job Description

This is a highly visible position within the organization. The role will oversee the production, review and analysis of the FR Y-9C Consolidated Financial Statements for Holding Companies and FFIEC 031 Call Report schedules and other high risk regulatory reports. The position will be responsible for ensuring reporting is accurate, complete, timely and in conformance with regulatory instructions.

Additionally, the role supports the AXIOM/ADS implementation and will support internal and external audit reviews as well as Second Line Operational Risk reviews.

The candidate will drive process improvements to enhance the effectiveness and efficiency of the reporting process by identifying opportunities for automation and to embed controls within the production processes. The candidate will be expected to effectively challenge how data is reported through analysis and explain how key business drivers impact period over period variances. This position will interface with other regulatory reporting groups to develop standard data sources and to drive a consistency with variance analysis.

Specific responsibilities include:

  • Manage the production for FR Y-9C and FFEIC 031 with adherence with tight reporting deadlines.
  • Monitor outstanding data and control issues and assess impact across regulatory reporting, drive remediation efforts and identify compensating controls to mitigate risk.
  • Actively participate on strategic initiatives to deliver standardized and automated processes for regulatory reporting
  • Prepare presentations for senior management, including governance processes that ensure the accuracy, completeness and relevance of reporting as well as variance analyses that explain fluctuations in terms of business events.
  • Develop control reports for internal and external edit checks; review and validate business responses.
  • Ensure effective change-management protocols are in place to monitor changes to reporting instructions and business products.
  • Ensure compliance the Regulatory Reporting-Enterprise Policy.

Required Skills:

  • In-depth understanding of GAAP and bank regulatory reporting (FFIEC, FRB, FDIC and OCC)
  • BS in Finance or Accounting, MBA /CPA preferred - or equivalent work experience
  • 8+ years of relevant finance experience in a large banking environment
  • Organizationally savvy; can work across organizational lines to gain consensus and buy-in from stakeholders
  • Execution-oriented; with ability to quickly organize work and execute with speed
  • Excellent communication skills – written and verbal
  • Strong team engagement and organizational skills
  • Strong technical skills, ability to analyze large volumes of data

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Read Full Description
Confirmed 16 hours ago. Posted 30+ days ago.

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