Sr Business Control Specialist - Non-Financial Regulatory Reporting Governa at Bank of America

Charlotte, North Carolina, United States -

Full Time

Start Date

Immediate

Expiry Date

15 May, 26

Salary

156200.0

Posted On

15 Feb, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Controls Function Roles, Regulatory Reporting, Self-Motivated, Attention To Detail, Analytical, Process Management, Project Management, Organizational Skill, Risk Mindset, Escalation, Independent Execution, Global Navigation, Collaboration, Problem Solving, Written Communication, Verbal Communication

Industry

Banking

Description

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 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! Job Description: Global Payments Solutions Business Control team has a centralized Non Financial Regulatory Reporting (NFRR) governance team responsible for overseeing the regulatory change pipeline, tracking regulatory change impact assessments, initiating/directing regulatory implementation programs, facilitating ongoing adherence to applicable laws, rules, regulations and internal Policies & Standards, and coordinating registration of reports within the NFRR Inventory. In this capacity, the candidate will partner closely with numerous NFRR roles such as Report Owners, Report Preparers, Manual Data Providers, Data partners as well as support partners including Global Operations, Compliance, Audit, Technology, and Finance. In this role, the person will be responsible for governance, monitoring, controls, front office adherence to NFRR policy. Primary Roles & Responsibilities • Represent GPS as NFRR Governance Delegate in Global and cross-line of business NFRR governance routines and councils • Partner with GPS teams including Report Owners, Report Preparers and Manual Data providers to maintain consistent routines and controls for managing the GPS NFRR inventory • Ensuring Quality Assurance (QA) reviews are well designed, adequately prepared for, and executed flawlessly • Ensuring QA scripts are well constructed to focus on quality, sampling methodologies are sound and well documented, communication with stakeholders is clear and effective, and reporting is complete and accurate • Serve as a point of escalation for reporting errors, risks, and issues to ensure inclusion in applicable FLU/CF Reg Reporting Governance routine • Ensuring that GPS has Risk Ratings, Internal Control Framework and Manual Data Provider, and Quality Assurance process in place and are NFRR Policy adherent • Coordinate with the GPS NFRR Governance Executive to monitor and test NFRR Policy adherence of registered reports and respond to Enterprise QA and Audit Team requests • Evaluating risks associated to Regulatory Reporting process and following the control framework to assess accuracy, completeness, and timeliness of reports. • Escalate metric issues, resubmissions, methodology changes to senior management (GPS Controls Forum, etc) • Ensure periodic reviews of metrics logic, documentation and other Rule requirements are performed • Ensuring reports and changes to reports are accurately reflected in a Governed Report Inventory and associated attributes are complete. • Support the annual Enterprise Inventory Attestation and governance of all reports including High Risk Reports Required Skills: • 8+ years of experience in controls function roles • Experience with regulatory reporting will be preferred • Candidate must be a self-motivated, keen attention to detail, and a high energy level individual • Detail oriented with strong analytical, process, project management and organizational skill • Strong risk mindset with process and controls background, actively debate and escalate issues and concerns • Ability to execute assigned tasks independently to meet required deadlines • Ability to navigate across global and cross-functional teams • Ability to collaborate, manage, and expand relationships across the organization • Proven analytical, logical reasoning and problem solving skills • Strong communication abilities (written and verbal) • Bachelor's degree or equivalent work experience Desired Skills: • Project management skills • Proven track record in being able to work effectively in a fast-paced, dynamic, highly matrix and complex environment Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay and benefits information Pay range $104,000.00 - $156,200.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve. Bank of America is committed to help employees through the transition period when they’re displaced as a result of a workforce reduction, realignment or similar measure. Please review the resume writing and interviewing tips provided below to help prepare you for your next career opportunity. Getting started Regardless of the position you are interested in, the starting points to building your resume are the same: 1. Determine the job or types of jobs you want to do and research their responsibilities and qualifications. 2. Think about why you can do the job and make a list of your skills that are relative to the job. 3. Identify experiences or accomplishments that show your proficiency in the skills required for the job. 4. Summarize your abilities, accomplishments and skills into a brief, concise document. Considerations when writing a resume • Do be brief. Resumes should be 1-2 pages in length. • Do be upbeat and active in your wording. • Do emphasize what you have done clearly and concretely. • Do be neat and well organized. • Do have others proofread and critique your resume. Spell check. Make it error free. • Do use high quality, white or light colored 8½ x 11 paper. Use a laser printer if possible. • Don't be dishonest, always tell the truth about yourself in the most flattering light. • Don't include salary history or requirements. • Don't include references. • Don't include accomplishments that do not support your professional goals. • Don't include anything that isn't relevant. (For example, don't mention your fondness for swimming unless you want to work on the water.) • Don't use italics, underlining, shadows or other fancy treatments. Seven steps to a successful interview 1. Anticipate –Put yourself in the interviewer's position. What do you believe the interviewer is most interested in? Why do you think you have been invited to interview? 2. Research –What are the primary functions of the line of business? What are the success factors for the job? Is there a job description available? 3. Assess –Think about your skills, abilities, knowledge, interests, traits, values and accomplishments. Match them to what you know about the job. Consider which ones you should highlight. 4. Prepare Answers –Think about what the interviewer may ask, determine what the best answer is and write it down. 5. Prepare Questions – Interviewing is a two-way street. By asking thoughtful questions, you communicate your interest and learn a lot about the job. Choose two or three questions to ask your interviewer. Avoid asking a lot of questions about vacation time or breaks. 6. Practice – It may seem awkward, but it is the best way to come across well in an interview. Practice your own "great responses" with others or in front of a mirror until you appear relaxed and at ease. 7. Follow-up – Send a brief follow-up letter to the interviewer. Keep in mind that the many job searchers will not send a follow-up letter. Sending one can become a competitive advantage. Pay Transparency - https://careers.bankofamerica.com/en-us/pay-transparency Privacy Statement - https://careers.bankofamerica.com/en-us/privacy-notice

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Responsibilities

The role involves overseeing the regulatory change pipeline, tracking impact assessments, and initiating regulatory implementation programs for Non-Financial Regulatory Reporting (NFRR) governance within Global Payments Solutions. Responsibilities include ensuring Quality Assurance reviews are sound, serving as an escalation point for reporting errors, and monitoring adherence to NFRR policy across various reporting functions.