Bank Of America Director Regulatory Implementation Product Specialist 

United States, New York, New York 

161625588

Job Description:

Job Description Summary

Job Description

Key Responsibilities

Serve as a point of escalation for reporting errors, risks, and issues to ensure inclusion in applicable FLU/CF Reg Reporting Governance routine.

Ensuring that Global Markets has Risk Ratings, Internal Control Framework and Manual Data Provider, and Quality Assurance process in place and are NFRR Policy adherent. Key procedural requirements include:

a clearly defined materiality threshold identifying categorization of breaches and reporting issues and specifications and criteria for when regulatory notification and/or report resubmission are required.

Coordinate with GCOR, Report Owners and Report Preparers to implement amendments to LR&Rs, obtaining regulatory guidance and understanding business requirements in modifying or adding new reports into inventory.

Evaluating risks associated to Regulatory Reporting process and following the control framework to assess accuracy, completeness, and timeliness of reports.

Escalate metric issues, resubmissions, methodology changes to senior management (GSEP, Front Office and Support Partners) and regulators.

Ensure periodic reviews of metrics logic, documentation and other Rule requirements are performed.

Ensuring reports and changes to reports are accurately reflected in a Governed Report Inventory and associated attributes are complete.

Manage Inventory Disputes – coordinate with NFRR FLU Leaders outside of GM to resolve inventory disputes of reported being transferred into or out of Global Markets Inventory.

Manage the annual Enterprise Inventory Attestation and the bi-annual Report Owner Attestation of High-Risk Reports

Lead the monthly NFRR Tax Steer Council

Competencies and Requirements

Bachelor's degree or equivalent work experience.

10+ years of exposure to financial markets/products, preferably with exposure to Global Markets, Sales and Trading and experience with US regulations.

Strategic thinker and execution minded.

Excellent verbal and written and oral communication with poise to communicate with senior leaders and the regulators.

Strong presence and ability to handle pressure.

Ability to positively influence others, regardless of seniority, in order to achieve results.

Excellent time management, organization skills and ability to prioritize and manage competing priorities with excellent attention to detail.

1st shift (United States of America)