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- Tasks: Oversee transaction reporting compliance and manage analytical processes for regulatory reporting.
- Company: Join Bank of America, a leader in financial services committed to responsible growth and diversity.
- Benefits: Enjoy healthcare, pension, flexible benefits, wellbeing programs, and community volunteering opportunities.
- Why this job: Be part of a culture that values integrity, accountability, and continuous learning while making a social impact.
- Qualifications: Experience in regulatory reporting, stakeholder management, and risk control within banking or operations is essential.
- Other info: This role offers a chance to work with senior leaders and improve governance structures.
The predicted salary is between 43200 - 72000 £ per year.
At Bank of America, we are committed to helping make financial lives better through responsible growth. We value diversity, inclusion, and the development of our talented workforce.
The Governance team ensures Transaction Reporting Operations comply with regulations and standards. This role involves shaping governance structures, overseeing breach management, producing management reports, and ensuring compliance with enterprise policies. You will manage analytical processes for regulatory reporting, lead projects related to systems and process improvements, and serve as a subject matter expert across teams.
Key Responsibilities:- Monitor Transaction Reporting health and track remediation and change projects at various levels
- Summarize findings for senior management across global forums
- Understand responsibilities across NTCR, Technology, GCOR, and Lines of Business
- Define and implement control practices ensuring regulatory compliance and data quality
- Manage Management Information related to TRCG and support process management
- Collaborate with technology teams on control systems and testing
- Document risks, KPIs, and procedures, review regularly, and escalate issues
- Respond to regulatory inquiries and internal audits
- Build relationships with key stakeholders including senior leaders
- Identify and track errors, breaches, and data issues impacting reports
- Review transaction reporting breaches independently
- Coordinate with upstream report owners to ensure compliance
- Maintain data dictionaries and review data quality with related teams
- Experience with regulatory trade and transaction reporting
- Proven ability to manage and communicate with senior stakeholders
- Experience in producing and tracking MI reports
- Background in risk and control environments within banking, middle office, or operations
- Ability to prioritize and adapt quickly
- Curiosity and continuous learning mindset
- Risk anticipation and problem-solving skills
- Experience with workflow tools like JIRA
- Proficiency in desktop applications (Excel, PowerPoint)
- Comfort with data analysis
We promote a culture of integrity and accountability, with a strong emphasis on conduct and risk management. We are an equal opportunity employer and support accessible recruitment processes.
Benefits include healthcare, pension, childcare, flexible benefits, wellbeing programs, charitable giving, cultural memberships, and community volunteering opportunities.
Transaction Reporting Governance Professional employer: Bank of America
Contact Detail:
Bank of America Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Transaction Reporting Governance Professional
✨Tip Number 1
Familiarise yourself with the latest regulations and standards related to transaction reporting. This knowledge will not only help you understand the role better but also demonstrate your commitment to compliance during discussions with potential employers.
✨Tip Number 2
Network with professionals in the banking and finance sector, especially those involved in governance and compliance. Attend industry events or join relevant online forums to build connections that could lead to job opportunities at Bank of America.
✨Tip Number 3
Showcase your analytical skills by discussing any relevant projects or experiences where you managed data quality or compliance issues. Be prepared to share specific examples during interviews to highlight your expertise in regulatory reporting.
✨Tip Number 4
Demonstrate your ability to collaborate effectively with senior stakeholders. Prepare to discuss how you've successfully communicated complex information to management in the past, as this is a key aspect of the role you're applying for.
We think you need these skills to ace Transaction Reporting Governance Professional
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to grasp the key responsibilities and required skills. Tailor your application to highlight your experience with regulatory trade and transaction reporting, as well as your ability to manage senior stakeholders.
Craft a Strong CV: Ensure your CV is up-to-date and clearly outlines your relevant experience in governance, compliance, and risk management within banking or operations. Use specific examples to demonstrate your achievements and skills related to the role.
Write a Compelling Cover Letter: In your cover letter, express your enthusiasm for the position and the company. Highlight your curiosity and continuous learning mindset, and explain how your background aligns with the responsibilities of the Transaction Reporting Governance Professional role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for this role.
How to prepare for a job interview at Bank of America
✨Understand Regulatory Frameworks
Familiarise yourself with the key regulations and standards that govern transaction reporting. Being able to discuss these frameworks confidently will demonstrate your expertise and show that you are well-prepared for the role.
✨Showcase Your Analytical Skills
Prepare examples of how you've managed analytical processes in previous roles. Highlight specific projects where you improved reporting accuracy or compliance, as this will resonate well with the interviewers.
✨Build Relationships with Stakeholders
Be ready to discuss your experience in managing relationships with senior stakeholders. Share examples of how you've effectively communicated complex information and collaborated across teams to achieve common goals.
✨Demonstrate Problem-Solving Abilities
Prepare to discuss situations where you've identified risks or issues in reporting processes and how you addressed them. This will showcase your proactive approach and ability to anticipate challenges in a governance role.
