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Transaction Reporting Professional

Bank of America

Bank of America

chester, uk · United States · Remote
Posted on Friday, July 5, 2024

Job Description:

Job Title: Transaction Reporting Professional

Corporate Title: Up to Vice President

Location: Chester

Company Overview:

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!

Location Overview:

Find us in the city of Chester, a destination renowned for its culture, history, and beauty. Working at Bank of America Chester offers a far-reaching global career for a world-renowned organisation, whilst being ideally situated against the backdrop of the rolling North Wales hills and the banks of the serene River Dee.

Role Description:

Due to an increased workload in the Remediation part of our Transaction Reporting Control Group, we are looking for a transaction reporting professional. We are a global team spread across the UK (Chester and London), as well as India. The purpose of the team is to apply analytical and project management expertise to Transaction Reporting breaches which have been identified, working with colleagues in Compliance, Operations and Technology until resolved.

Responsibilities:

  • Business Analysis throughout full project lifecycle including definition of problem statement, requirements, creation and execution of test plans, and ensuring business readiness for implementation.
  • Managing the delivery of remediation items, across multiple work-streams, working with the business and technology to ensure timely remediation.
  • Partners with the business SMEs, Technology and Compliance.
  • Manages risk and ensures documentation is in place to record the details of project delivery and testing to audit standard.
  • Day to day contact person for Technology Agile teams.
  • Working with other change teams, to identify impacts onto Transaction Reporting and ensure that appropriate testing is performed.
  • Managing the back-reporting of all remediation items.

What we are looking for:

  • Transaction Reporting Experience
  • Microsoft Office proficient (Excel, Word, PowerPoint)
  • Understanding of the regulatory trade landscape

Skills that will help (optional):

  • Stakeholder Management
  • Track record of liaising between several groups such as technology, compliance, and regulators.
  • Audit experience

Benefits of working at Bank of America

UK

  • Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
  • Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
  • 20 days of back-up childcare including virtual tutoring and 20 days of back-up adult care per annum
  • The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc
  • Use of a flex fund to use towards benefits
  • Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
  • Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
  • Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions
  • Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

Bank of America

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.