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, Regulatory Reporting, Self-Motivated, Attention To Detail, Analytical, Process Management, Project Management, Organizational Skill, Risk Mindset, Escalation, Independent Execution, Collaboration, Problem Solving, Written Communication, Verbal Communication, Quality Assurance

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. Privacy Statement: https://careers.bankofamerica.com/en-us/privacy-notice 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! Partnering Locally Learn about some of the ways Bank of America is making a difference in the communities we serve. Global Impact Learn about the six areas that guide Bank of America’s efforts to help make financial lives better for customers, clients, communities and our teammates. Opportunity and Inclusion Each employee brings unique skills, background and opinions. We see opportunity and inclusion as our platform for innovation and a key component in our success. Our Values Learn about our four values that represent what we believe. Pay Transparency: https://careers.bankofamerica.com/en-us/pay-transparency

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Responsibilities

The role involves overseeing the Non-Financial Regulatory Reporting (NFRR) governance, including managing the regulatory change pipeline, tracking impact assessments, and ensuring adherence to laws, rules, and internal policies across Global Payments Solutions teams. Key duties include representing governance in councils, ensuring Quality Assurance reviews are sound, and monitoring adherence to NFRR policy for registered reports.