Regulatory Reporting Controller II

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 Summary:

The Global Regulatory Reporting (GRR) team is part of the CFO-Global Financial Control organization. Our purpose is to drive high quality regulatory reports through operationally efficient control processes and system solutions to support the production of various regulatory reports as required by the Federal Reserve OCC FDIC and other regulators.

This Regulatory Reporting Controller II position on the FR Y-14 reporting team offers a unique opportunity to contribute to some of the most critical and high visibility financial reporting processes in the FR Y-14 schedules are a cornerstone of the Federal Reserves Comprehensive Capital Analysis and Review (CCAR) program one of the most important regulatory frameworks governing capital planning risk management and the financial strength of major U.S. institutions. This position is responsible for executing significant reporting processes that support the delivery of accurate timely and high-quality financial data to regulators. This is an excellent opportunity for candidates with a finance or accounting background to grow into a specialized and highly impactful area of the organization. The candidate will apply financial and analytical skills to prepare review and analyze complex financial data that feeds into high profile regulatory reports. The role offers significant cross functional exposure partnering closely with teams across Finance Risk Technology Data Management and multiple lines of business to drive data quality and ensure conformance with U.S. regulatory reporting requirements. Additionally this role will provide ad hoc support and subject matter expertise for projects audits governance routines and other activities across GRR.

Responsibilities:

• Prepare review and analyze data reported on U.S. regulatory reports (FR Y-14Q FR Y-14M FR Y-9C FFIEC 031 FR Y-15)

• Execute key reporting and process controls including period-over-period trends variance analysis and cross report reconciliations

• Validate conformance with regulatory reporting instructions through a deep understanding of requirements and effective challenge of results

• Drive identification remediation monitoring and escalation of issues impacting regulatory reporting as well as partner with Technology and Data Management Teams to drive improvements in data quality

• Establish working relationships with data owners across multiple lines of business to support complete and timely data submissions

• Provide support and subject matter expertise for data quality improvement and sourcing automation projects by communicating reporting requirements performing UAT testing and other activities as needed

• The candidate must demonstrate initiative a commitment to continuous learning and the ability to adapt to changing demands and requirements

• Provide guidance for interpreting and understanding complex regulatory requirements

Required Qualifications:

• Minimum 5 years of professional experience with Financial or Regulatory Reporting

• Knowledge and understanding of regulatory reporting instructions

• Analytical critical thinking and problem-solving capabilities

• Strong technical accounting skills and knowledge

• Able to effectively manage multiple priorities while working both independently and as part of a team

• Excellent written and verbal communication skills

Desired Qualifications:

• Degree in Accounting/Finance

Skills:

• Analytical Thinking

• Controls Management

• Financial Accounting

• Financial Analysis

• Reporting

• Attention to Detail

• Oral Communications

• Policies Procedures and Guidelines Management

• Risk Management

• Written Communications

• Continuous Improvement

• Interpret Relevant Laws Rules and Regulations

• Project Management

• Regulatory Compliance

• Stakeholder Management

Shift:

Hours Per Week: