Global Regulatory Reporting – Sr Transformation Lead (CFO)

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:
The US Global Regulatory Reporting Team (GRR) performs a vital role within the broader Global Financial Control (GFC) organization and is responsible for the preparation validation review and submission of approximately 80 US Regulatory Reports across multiple entities including but not limited to BAC BANA BACs Non-Bank Subsidiaries and the US Broker Dealer. GRR is seeking a Product Delivery Lead to help drive GFCs multi-year transformation effort focused on design and delivery of GRRs strategic architecture remediation of upstream data quality issues in-line control automation and improving the accuracy of the Banks financial regulatory reports.

This job is responsible for leading and driving GFCs multi-year transformation effort focused on design and delivery of GRRs strategic architecture dedicated towards the automation of the Banks financial regulatory reports remediation of upstream data quality issues in-line control automation improving accuracy and reducing operational risks.

Responsibilities:

• Drive delivery execution including Business Requirements Functional Requirements testing project governance monitoring/escalating risks and supporting operational readiness activities.
• Manage team of technical Business Analysts and Testing Analysts located in India responsible for functional design and performing UAT.
• Ensure business requirements and design meet regulatory instructions and business process efficiency goals.
• Work in close collaboration with key stakeholders at all levels of the organization to develop multi-year roadmap and prioritization of BoW.
• Develop deep understanding of current process and underlying operational risk. Rationalize existing manual processes document root cause drivers and define path to remediation.
• Develop multi-year roadmap.
• Lead and drive Operational Excellence efforts more broadly across GRR to identify opportunities to reduce operational risk simplify processes and drive operational efficiency leveraging process re-engineering and emerging technology tools (ie Alteryx Tableau).
• Supports Financial Regulatory Reporting Transformation Executive in setting strategic direction for GRR with a heavy focus on Target Operating Model global consistency organizational model and location strategy.

Required Qualifications:

• 5-7 years experience operating in a Business Analyst/PMO capacity driving transformational change within Finance
• Bachelors degree in finance or accounting
• Strong working knowledge of Regulatory Reporting processes and controls
• In depth knowledge of banking products and US GAAP accounting
• Excellent communication and project management skills
• Creative thinker thinks outside the box and challenges status quo
• Analytical mindset able to resolve complex issues
• Strong communication skills (written verbal and interpersonal) including tact diplomacy and ability to influence senior executives
• Integrity maturity dependability and positive professional attitude

Desired Qualifications:

• Experience delivering change across multiple finance functions including but not limited to capital liquidity and regulatory reporting
• MBA or Masters
• Experience in a financial regulatory report production role

Skills:

• Data and Trend Analysis
• Financial Accounting
• Interpret Relevant Laws Rules and Regulations
• Regulatory Compliance
• Risk Management
• Attention to Detail
• Continuous Improvement
• Financial Analysis
• Project Management
• Reporting
• Analytical Thinking
• Oral Communications
• Regulatory Relations
• Stakeholder Management
• Written Communications

Shift:

Hours Per Week: