At a Glance
- Tasks: Lead the transition to BAU for FRTB, ensuring smooth regulatory reporting processes.
- Company: Join a global finance leader with modern workspaces near St. Paul's Cathedral.
- Benefits: Enjoy a competitive salary, onsite gym, medical centre, and rooftop terrace views.
- Other info: Collaborative environment with opportunities for professional growth and development.
- Why this job: Make a real impact on financial regulations while working in a dynamic team.
- Qualifications: Experience in finance, risk management, and strong project management skills required.
The predicted salary is between 54000 - 66000 £ per year.
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.
Introduction: Global Regulatory Reporting is responsible for ensuring efficient and proactive management of economic and regulatory capital, and delivering timely and accurate reporting to regulators across EMEA.
The team based in Europe with hubs in London, Dublin and Paris with off shore support from India.
The Business Operational Readiness and Operational Excellence team within Global Regulatory Reporting have a remit to look for synergies, improve processes, drive towards global best practice and increase automation across the group in addition to delivering operational readiness for major new regulatory requirements for the firm.
The candidate will join the Finance department in London as part of the Business Operational Readiness and Operational Excellence team, working on the FRTB program which is the Market Risk element of BASEL 3 the regulation written in response to the Financial Crisis.
This team provides a critical link between the change and IT functions and the business stakeholders to ensure the new regulation being delivered is successfully embedded into the Reporting teams daily activities.
Key responsibilities The successful candidate will be responsible for delivering a successful transition to BAU across all aspects of FRTB.
The candidate will be joining an in flight program that has been running for several years at the point of transition from building capabilities to testing capabilities and delivering a Parallel run.
FRTB is delivering new calculations for Market risk to replace current Basel 2.5 rules so the candidate will gain exposure to all elements of the calculation SBA, DRC, RRAO, SA-CVA, BA-CVA.
The candidate will be part of the team responsible for all elements of the FRTB calculation within the parallel run, root cause analysis and delivery of automation to achieve operational readiness for go live.
Deep knowledge of Front office and up stream operational systems will be of benefit as majority of issues encountered which need to be investigated are not within the calculations themselves but within the data or complex process that has led to the calculation.
In depth knowledge of all elements of FRTB as well as understanding of regulatory differences across countries.
Proven experience working across multiple areas within Financial Services, Finance, Risk Management or Operations.
Ability to manage senior stakeholder relationships and provide leadership updates.
Strong analytical abilities and inquisitive mindset to identify root cause.
Strong project management experience structuring and delivering complex initiatives.
Extensive experience within an offshore operating model.
Strong written and verbal communication skills.
Skills
Senior Regulatory Reporting Controller employer: Bank of America Corporation
At Bank of America Bromley, we pride ourselves on fostering a collaborative and innovative work culture that empowers our employees to excel. As a Senior Data Platform Engineer, you will not only have the opportunity to work with cutting-edge technologies like Spark and Kubernetes but also benefit from extensive professional development and mentorship programmes. Our commitment to employee growth, combined with a supportive team environment, makes us an exceptional employer for those looking to make a meaningful impact in the financial sector.
Contact Details:
Bank of America Corporation Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Regulatory Reporting Controller
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We think you need these skills to ace Senior Regulatory Reporting Controller
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
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How to prepare for a job interview at Bank of America Corporation
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Bank of America Corporation.
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