Senior Regulatory Reporting Controller

Location: London

Corporate Title: Vice President

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. 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.

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. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

The Team: Global Regulatory Reporting is part of Global Financial Control and is located in the US, UK, Ireland, France and India. The EMEA team for capital reporting currently consists of over 50 people in Europe and India and we are expanding the team.

Responsibilities:

• Helping to oversee the UK and EU capital calculations and reporting of 3 prudentially regulated entities.
• Daily capital calculations/analysis - Review daily RWA calculations to be incorporated in the daily capital adequacy status sent out to senior managers.
• External Regulatory Reporting and Disclosures – Produce the quarterly returns including manual adjustments, reconciliations, period on period variance analysis for UK and EU entities.
• Rules changes - Involved in implementation of rule changes/updates for capital requirements and external reporting.
• Business Partnering – Working on a constant basis with Front Office and other groups on capital management.
• Issue management – leading the team in identifying and remediating process and other issues impacting the Capital Reporting process.
• Stakeholder interaction - Deal with ad-hoc requests from external regulators and internal stakeholders.
• Process improvement - Participate in assignments to identify and implement improvements to the process and control framework.
• System development (BAU) – Initiation of technology change to support changing rules.
• System development (Strategic) – As a user help to define data/calculation/reporting requirements for an in-flight infrastructure project.

What we are looking for:

• Qualified Accountant, CFA or equivalent or a relevant degree or experience.
• Proven experience in a prudential regulatory reporting function in an international financial institution.
• Existing knowledge and/or experience in regulatory reporting, risk management or financial products.
• Knowledge of CRR rules around Internal Models Method (IMM) and standardised approach for counterparty credit risk (SA-CRR).
• Leadership and influencing skills.
• Proactive, enthusiastic individual with strong interpersonal skills as well as excellent communication skills.
• High level of ownership, strong analytical skills and attention to detail.
• Demonstrate ability to work independently and with a team.
• Willingness to learn through research, enquiry, and escalation.
• Keen interest in developing an understanding of the regulatory framework and rules.

Benefits of working at Bank of America:

• UK Private healthcare for you and your family plus an annual health screen.
• Competitive pension plan, life assurance and group income protection cover.
• 20 days of back-up childcare and adult care per annum.
• Ability to change your core benefits and select a variety of flexible benefits.
• Access to an emotional wellbeing helpline and Employee Assistance Program.
• Opportunity to donate to charities of your choice directly through payroll.
• Opportunity to access our Arts & Culture corporate membership program.
• Opportunity to give back to your community through volunteering.

Bank of America: Good conduct and sound judgment is crucial to our long term success. We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity, marital status, race, religion, colour, nationality, age, sexual orientation, pregnancy or maternity, disability. The Bank selects candidates for interview based on their skills, qualifications and experience.