Transaction Reporting Process Owner Project Lead jobs at Bank Of America in United Kingdom, Chester

Job Description:

Chester - UK

Job Title:Regulatory Reporting Operations Analyst

Officer

Role Description:

This job is responsible for providing standard research, reporting and analytical support for the delivery of regulatory reporting. Key responsibilities include end-to-end reporting support for cross border payments, electronic transactions, sales, trading and underwriting business for securities, foreign exchange, fixed income, exchange traded derivatives and over-the-counter derivatives across multiple lines of business. Job expectations include following the established procedures under general supervision and oversight, and assisting less experienced teammates.

Responsibilities:

• Delivers standard regulatory reports to regulatory agencies in line with expectations on completeness, accuracy, and timeliness
• Executes control practices, including compliance with all regulatory and policy requirements, including data quality standards
• Identifies, tracks, and remediates errors and breaches, data issues and control enhancements that impact the respective reports
• Partners with upstream process owners and data providers to improve data quality of regulatory reports

What we are looking for:

• Good computer skills including Microsoft Office Applications
• Excellent verbal and written communication skills
• Ability to work effectively with multiple teams
• Able to work independently and within a team structure
• Ability to handle multiple tasks in a face paced environment and meet deadlines
• Exceptional analytical and problem resolution skills

Responsibilities:

• Service restoral plan refresh management
• Business resumption process testing management
• Understanding of technology limitations and impact on processes
• Analyses and resolution of highly complex operational problems
• Requirements gathering and analysis: Identify and document business needs by working closely with stakeholders. Translate business requirements into functional specifications.
• Stakeholder Management: Serve as the liaison between business stakeholders and the technical team. Ensure all parties have a common understanding of the project objectives.
• Data Analysis and Reporting: Analyze business data to understand trends, patterns and issues. Develop reports and dashboards to measure process performance and help stakeholders make informed decisions.
• Solution Design and Validation: Propose and evaluate solutions to meet business needs. Conduct testing and validation of new processes or systems before full implementation.
• Project Management and Training

• Proven track record in operations or middle office transformation within the financial services industry

• Deep understanding of the operational needs in the Fixed Income business

• Ability to face off with senior business heads at a strategic level while understanding the detail

• Analytical and problem-solving skills with the ability to review and highlight project risks and issues and partner on mitigating solutions

• Excellent project management skills with the ability to manage multiple projects simultaneously

• Leadership and communication skills with the ability to influence and build relationships at all levels of the enterprise

• Ability to conduct presentations with emphasis on storytelling to convey and influence the case for change

• Expertise in using data analytics and reporting tools (Excel, Tableau, Power BI)

Other Skills

• Strives to bring new thoughts and ideas to teams in order to drive innovation and unique solutions
• Excels in working among diverse viewpoints to determine the best path forward
• Experience in connecting with a diverse set of clients to understand future business needs - is a continuous learner
• Commitment to challenging the status quo and promoting positive change.
• Participate in and drive collaborative efforts to advance tools, technology, and ways of working to better serve an evolving client base
• Believes in value of diversity so we can reflect, connect and meet the diverse needs of our clients and employees around the world

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

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

Responsibilities:

• You will provide business analysis and project management support on regulatory transaction reporting implementation projects
• You will work with internal stakeholders to document regulatory requirements and analyse data fields
• You will liaise with technology and the business to document business scenarios and define data acceptance criteria
• You will engage with testing and quality assurance processes to confirm accuracy of reporting and ensure project development is aligned to requirements

What we are looking for:

• You will have knowledge of financial regulatory transaction reporting requirements including MiFID/MiFIR (TR and PTT), EMIR, SFTR, CFTC, SEC reporting
• You will have experience of working with regulatory projects within Investment Banking (Global Markets) or financial services
• You will have Project Management and/or Business Analysis experience including analysis techniques and project management methodologies.

Skills that will help (optional):

• Knowledge of OTC Derivative products and trade flows would be beneficial
• Excellent communication, both verbal and written, will be an advantage
• A proven track record of liaising with technology teams will be a plus
• Being able to work unsupervised, to tight deadlines would be a plus
• Experience working with Microsoft Office and JIRA would be an advantage

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

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

Role Description:

The Process Design Consultant reports into the Non-Financial Regulatory ReportingThe NTCR Change Management team is located in Chester and London in the UK, and in multiple locations across the US. This role is critical to designing solutions and supporting the change environment within Non-Financial Regulatory Reporting, Tax, Credit Furnishing, Remediation (NTCR).

Responsibilities:

• You will lead the design of target state solutions in support of major change management processes.
• You will document and maintain current and target state process maps.
• You will document employee journeys.
• You will drive horizontal thinking in our process and technology capabilities.
• You will analyse impacts and data to drive continuous improvement, risk mitigation, and increased process efficiency.

What we are looking for:

• You will have business design experience including process, people, and technology design.
• You will have change management, project management and strategy implementation experience.
• You will have the ability to document process flows from conceptual design to detailed design using Visio, ARIS, or comparable process mapping tools.
• You will be an expert with MS PowerPoint and deliver presentations that enable others to grasp and embrace new concepts and outcomes.
• You will have the ability to identify synergies between areas, finding cross functional opportunities for shared technology requirements and solutions.

Skills that will help (optional):

• Six Sigma Black / Green Belt Certification would be advantageous.
• Financial Services Banking Operations experience, specifically in Non-Financial Regulatory Reporting would be advantageous.
• Advanced Microsoft Excel skills would be advantageous.

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

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

Responsibilities:

• You will provide business analysis and project management support on regulatory transaction reporting implementation projects
• You will work with internal stakeholders to document regulatory requirements and analyse data fields
• You will liaise with technology and the business to document business scenarios and define data acceptance criteria
• You will engage with testing and quality assurance processes to confirm accuracy of reporting and ensure project development is aligned to requirements

What we are looking for:

• You will have knowledge of financial regulatory transaction reporting requirements including MiFID/MiFIR (TR and PTT), EMIR, SFTR, CFTC, SEC reporting
• You will have experience of working with regulatory projects within Investment Banking (Global Markets) or financial services
• You will have Project Management and/or Business Analysis experience including analysis techniques and project management methodologies.

Skills that will help (optional):

• Knowledge of OTC Derivative products and trade flows would be beneficial
• Excellent communication, both verbal and written, will be an advantage
• A proven track record of liaising with technology teams will be a plus
• Being able to work unsupervised, to tight deadlines would be a plus
• Experience working with Microsoft Office and JIRA would be an advantage

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

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

Role Description:

Group (TRCG). TRCG is a post-process quality assurance function that validates the completeness, accuracy, and timeliness of G20 transaction reports and related obligations. The team’s main responsibility is to act as Report Preparers for 41 transaction reports including CFTC and SEC reports in USA, EMIR, SFTR and MiFID reports in UK and Europe, and reports for regulators in Canada, Switzerland, Hong Kong, Singapore, Australia, Japan, and South Korea. For each of these reports, the processing and submission is a fully automated activity performed in real-time; TRCG operates a risk-based control framework to ensure the integrity of the process and submitted data.

The role is based in the Submission Control function, which is primarily focused on remediating exceptions received from trade repositories that provide the bank’s transaction reports to regulatory bodies globally.

Key Responsibilities:

• You will monitor and resolve pre- and post-submission transaction reporting for the EMIR / UKEMIR jurisdictions.
• You will investigate issues and carry out root cause analysis; escalate regulatory breaches to senior management as required.
• You will partner with key stakeholders within TRCG and across the organisation (including Front Office, Technology and Compliance) to resolve issues.
• You will define remediation requirements and manage the remediation effort through to resolution.
• You will produce and disseminate function-related MI as required and provide insightful commentary and analysis.
• You will conduct data analysis to assist in responding to internal, client and regulator enquiries.
• You will participate in Change Management and business readiness activities to implement internal and external changes affecting transaction reporting.
• You will drive the continuous improvement of processes and controls through Operational Excellence to bring reporting in line with non-financial regulatory reporting (NFRR) global standards.

What we are looking for:

• Experience of working in Banking Middle Office, Operations or other relevant functions will be ideal.
• You will have an Operational Excellence and process enhancement mindset.
• You will have strong communication skills acrosscross-functional stakeholders at varying levels of seniority.
• You will have the ability to conduct and review meaningful analysis on large data sets and providing insightful commentary.
• You will have some experience of managing or leading a team.

Skills that will help:

• An understanding of the regulatory trade and transaction reporting landscape will be a plus.
• Experience with EMIR / UKEMIR would be an advantage.
• Familiarity with key products covered by regulatory reporting obligations (FX, Credit, Rates, Equities, Futures & Options) would be an advantage.
• Proficient in MS Office, including Excel (VB advantageous) and PowerPoint will be a plus.

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

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

Role Description:

This job is responsible for defining, providing and overseeing analytical processes for highly complex regulatory reporting for one or more operations product teams. Key responsibilities include managing complex projects and workstreams involving systems enhancements, process improvements, products and services. Job expectations include serving as a subject matter expert to other teammates and handling highly complex issues that require management and coordination across multiple stakeholders.

Responsibilities:

• Maintains a good understanding of Transaction Reporting BAU health, Remediation and Change Projects and is able to track this at Enterprise, Legal Entity and Jurisdiction level.
• Summarises the above for senior audiences at an appropriate level of detail and consistency across multiple governance forums globally.
• Understands the responsibilities of NTCR, Technology, GCOR and Line of Business in delivering transaction reporting excellence for the enterprise
• Defines and executes control practices, including compliance with all regulatory and policy requirements, including data quality standards
• Manages and maintains all TRCG related Management Information and supports Process Management requirements.
• Collaborates with technology teams to maintain and update internal control systems as required, providing business requirements and executing Acceptance testing
• Ensures that key risks, performance indicators, and desktop procedures are fully documented, in line with enterprise standards, reviewed on a regular basis and challenged and escalated where necessary
• Responds to inquiries from regulatory agencies and internal control partners (e.g., Audit and Compliance), and provides reporting, as needed
• Establishes credible, collaborative and influential relationships with key senior stakeholders, including FLU and Front Office partners
• Identifies and tracks errors, breaches, data issues and control enhancements that impact the respective reports as required
• Provides independent review of transaction reporting breaches ensuring minimum standards are applied rigorously
• Coordinates the partnership with upstream report owners and data providers to ensure compliance with Enterprise regulatory Reporting Policy
• Collaborates with Non-Financial regulatory Reporting and Technology teams to review and maintain data dictionaries for completeness of business requirements

What we are looking for:

• You will have exposure to the regulatory trade and transaction reporting landscape.
• You will have experience in managing and communicating with cross-functional senior stakeholders.
• You will have experience in producing and tracking MI reports.
• You will have experience in a risk and control environment, ideally within Banking, Middle office, or Operations.

Skills that will help (optional):

• Being able to balance competing priorities and quickly change direction would be beneficial.
• Having intellectual curiosity and continually learning would be beneficial.
• Having the ability to anticipate risks and issues and identifying solutions would be beneficial.
• Experience of having worked with workflow management tools (e.g. JIRA) would be beneficial.
• Moderate to advanced skills in desktop products (Excel, Powerpoint etc)
• Comfortable with data analysis
• Having an enquiring mindset

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

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