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NFRR Analyst
2 months ago
Pennington, United States
Bank of America
Full time
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
The Wealth Management NFRR (Non-Financial Regulatory Reporting) team is responsible for the consistent application of interpretation of regulatory policy, data sourcing, and governance of Wealth Management Non-Financial Regulatory Reports.
We are looking for a talented individual to become the NFRR Analyst to assist in governing of key activities related to include identifying, analyzing, and resolving complex problems, ensuring compliance with policies, and identifying opportunities to improve process performance and efficiency.
Job Description:
This job is responsible for ensuring operational data is fit for purpose, defining controls, and monitoring processes are in adherence to enterprise data management standards. Key responsibilities include triaging and remediating data incidents, performing data analysis, training new users, and performing impact analysis stemming from data updates. Job expectations include helping in defining access and ownership of data by domain, conducting quality control, and overseeing data maintenance.
Responsibilities:
- Ensures data is accurate, complete, and fit for performing data analyses through various testing procedures and data controls which help to identify business insights fit for purpose for a particular product set
- Develops and executes on Enterprise Data Management policies and standards, works across teams to ensure adherence, serves as a key point of contact for all topics related to data compliance, and manages operational elements of the (Enterprise Data Strategy Governance and Operations (EDSGO) relationship
- Manages data related incidents and identifies, communicates, and resolves or escalates issues as needed. Data inquiries include questions related to data issues, availability of data, and potential sourcing alternatives to inform
- Develops, manages, and executes on controls, ensuring tracking, monitoring, and resolution of any control breaches with data platform
- Partners with Business and Technology functions to drive the development of business and functional requirements documents and ensures strategic upstream resolution for data related incidents
- Experience with regulatory programs
- Responsible for ensuring the Wealth Management Regulatory Reports are adherent to multiple Enterprise policies e.g., Regulatory Reporting and Enterprise Data Management Standards.
- Maintain credible and collaborative relationships with key stakeholders across FLU, Operations, Technology, and Compliance.
- Preparation of accurate FLU/CF Routines, Review of Report Risk Ratings, and maintaining awareness of regulatory report changes.
- May support audit, compliance and regulatory reviews of routines and processes for NFRR.
- Review the NFRR data dictionaries for completeness of business and reporting requirements.
- 10+ years of Banking experience.
- Ability to prioritize work and adapt to changing needs in a dynamic work environment.
- Self-starter, takes initiative.
- Strong communication skills: ability to convey information in a clear, concise, and logical manner with an eye for details and the ability to adapt tone and style based on the audience.
- Attention to detail and ability to hold others accountable.
- Ability to adjust and react with optimism and professionalism-solution oriented.
- Able to work in fast-paced, multi-priority environment.
- Experience with Non-Financial Regulatory Reporting
- Experience within any of the Wealth Management Business Units (Merrill, Private Bank, RPWS, ISG)
- SQL, Tableau, Excel, Micro Strategy experience will be a plus
- Data Collection and Entry
- Data Management
- Data Modeling
- Issue Management
- Policies, Procedures, and Guidelines Management
- Analytical Thinking
- Collaboration
- Data Governance
- Data Quality Management
- Data and Trend Analysis
- Business Acumen
- Controls Management
- Production Support
- Regulatory Compliance
- Solution Design
Shift:
1st shift (United States of America)
Hours Per Week:
40