Bank Of America Head FRTB Centre Excellence 

United Kingdom, England, London 

842214445

Job Description:

Job Title:Head of FRTB Centre of Excellence

Corporate Title:Vice President/ Director

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 additional to delivering operational readiness for major new regulatory requirements for the firm.

Responsibilities:

• To deliver the FRTB centre of excellence a lead role is required to manage the four key elements of reporting across the various regions. (Default Risk Charge (DRC); Credit Valuation Adjustment (CVA); Residual Risk Add On (RRAO) and Sensitivities Based Method (SBM))

• The centre of excellence is a key concept to ensure the specific knowledge is kept high in the smaller countries where this knowledge will be in short supply and the smaller countries can benefit from the knowledge in Europe.

• One core production team in India will produce the reporting across each of the four areas and will be responsible for L1 reviews, this team will deliver all FRTB reporting for all countries to maximise functionalisation and cross coverage.

• Each onshore location will have L2 and L3 reviewers, one for each of the areas in the material countries and roles may be merged in the smaller countries.

• The lead role is required to support the L2 and L3 reviewers in the smaller countries where it will be very difficult to find talent with knowledge and experience across all areas and to ensure standards are kept consistently high across the group, the role will also ensure functionalisation is maximised in India.

What we are looking for:

• In depth knowledge of all elements of FRTB

• High levels of project expertise to work through transition of project parallel run to BAU in a staggered approach as regulation goes live in each country

• Understanding of regulatory differences across countries

• Experience of working across multi country teams

Preferred skills:

• Prior experience working within Agile methodologies / frameworks

• Experience of working within a rapidly changing environment where priorities may change quickly.

• Understanding of high profile regulations (FinRep, CoRep, AnaCredit etc)

• Experience of working within challenging and dynamic organisational contexts

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 access to school holiday clubs 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.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• Access to an Employee Assistance Program for confidential support and help for everyday matters

• 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 program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

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