Job Description:

Job Title: Regulatory Reporting Director - Transformation and Conformance Team

Location: London

Corporate Title: Director

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:

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

The Team:

Global Regulatory Reporting (GRR) is responsible for delivering accurate and well controlled Regulatory reporting to regulators across EMEA. Part of a global team with European hubs in London, Dublin and Paris and off shore support from India.

The role sits within the Transformation and Conformance team within Global Regulatory Reporting the team is responsible for driving Operating model Transformation, Operational Readiness for any new regulatory requirement and any remediation efforts for self identified or Audit identified issues.

The successful candidate will join the Global Regulatory Reporting team in London as part of the Transformation and Conformance team, working on a major initiative to enhance the Operating Model and increase automation throughout the production process to strengthen accuracy and ensure the processes are well controlled.

This team provides a critical link between the change and IT functions and the business stakeholders to ensure the transformation being delivered is what the users require and moves the organisation forward.

Responsibilities:

• The successful candidate will be responsible for delivering a significant business transformation across operating model, process improvement and automation as part of a wider transformation initiative

• The individual will need to provide thought leadership to the Report owners to identify and drive process redesign within their reporting teams

• The individual will need to lead the review and challenge of current processes in collaboration with report owners to identify transformational re-design

• The role will require both extensive project management experience and proven experience at working in a variety of roles within Financial services across Finance, Operations or Risk Management

• The individual will need to demonstrate the skills required to deliver a complex and multi-faceted project end to end

• The candidate will be responsible for both medium/long term project planning, as well as day-to-day task tracking and monitoring of risks, issues and dependencies to ensure momentum is achieved and sustained

• This is an excellent opportunity for an individual who has demonstrable experience on large-scale op model, process or data transformations to manage and deliver a significant and high profile initiative

Essential Competencies

• Extensive experience working across multiple areas within Financial Services, Finance, Risk Management or Operations

• Proven experience in providing thought leadership on process redesign

• Excellent project management experience structuring and delivering complex initiatives

• Extensive experience within an off shoring operating model

• Confident written and verbal communication skills

• Collaborative team player with clear examples of working across teams and positively influencing other areas not under their direct reporting lines

• Ability to positively drive work forward and create a dynamic team environment

• Structured approach to defining, executing and evidencing deliverables

• Ability to operate within a global environment working with stakeholders from multiple locations and time zones

• Experience in identifying and managing the risks, issues and dependencies inherent in delivering complex regulatory change

• Previous experience of implementing complex regulatory change programmes into business as usual (BAU) reporting environments (E.G. FRTB, Basel 3.1, FinRep, Ana Credit)

• Prior experience working within Agile methodologies / frameworks

Desirable Competencies:

• Previous experience within a reporting role which drives a detailed understanding of the challenges faced by business as usual (BAU) teams

• Understanding of high profile regulations (FinRep, CoRep, AnaCredit etc)

• Experience of working within challenging and dynamic organisational contexts

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 access to school holiday clubs 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.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• Access to an Employee Assistance Program for confidential support and help for everyday matters

• 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 program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

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 sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or 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.