Global Regulatory Reporting Observation Management Specialist

3 days ago


Charlotte, North Carolina, United States Bank of America Full time
Job Description:

At Bank of America, we strive to create a workplace that is inclusive and diverse, where everyone has the opportunity to grow and succeed. As a Global Regulatory Reporting Observation Management Sr. Specialist, you will play a critical role in ensuring the accuracy and completeness of our financial regulatory reports.

The Global Regulatory Reporting (GRR) function is responsible for filing non-liquidity related financial regulatory reports. Our team works closely with a third-party vendor to perform conformance and transaction testing on high-risk reports. Your primary responsibility will be to perform observation management, including root cause analysis, thematic review of findings, and partnership with key stakeholders to design and deliver on remediation solutions.

Responsibilities:
  • Conduct observation management, including root cause analysis and thematic review of findings
  • Partner with key stakeholders to design and deliver on remediation solutions
  • Assist in the coordination of conformance and transaction testing performed by the third-party vendor
  • Adequately document and retain test results, evidence of observations, and ensure that observed points of weakness in controls and non-conformance are documented in a clear, concise, and actionable manner
  • Support the Observation Management Lead in identification of and working with key stakeholders to review and validate observations
  • Continuously apply lessons learned to recommend opportunities for increased effectiveness and efficiency of our observation management approach
Requirements:
  • 5-7+ years of experience in regulatory reporting
  • Demonstrates a healthy skepticism and ability to partner with a third-party vendor to understand findings for root cause analysis
  • Controls mindset with ability to perform root cause analysis and design adequate solutions
  • Strong written and verbal communication
  • Committed to continuous improvement of processes to maximize effectiveness and improve efficiency
  • Proven ability to work in a collaborative environment to achieve stated objectives
Preferred Qualifications:
  • Understanding of our regulatory environment
  • Bachelor's degree or equivalent work experience
Skills:
  • Critical Thinking
  • Decision Making
  • Issue Management
  • Oral Communications
  • Written Communications
  • Analytical Thinking
  • Change Management
  • Presentation Skills
  • Regulatory Compliance
Work Environment:

This role is based in the United States and requires a 1st shift schedule with 40 hours per week.



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