Bank Of America Senior Regulatory Reporting Controller 

United Kingdom, England, City of Westminster 

71520879

Job Description:

Job Title:Senior Regulatory Reporting Controller

Corporate Title:Director

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. In addition to our regulatory deliverables, we are involved in various activities such as providing capital adequacy impact analysis to various Front Office groups on new products/transactions, client migrations and other strategic projects with the key stakeholders being GRR EMEA country heads, Griffin data ops, IT, front office traders, Data Management, Change Management.

Responsibilities:

This role is a senior role in UK Regulatory Reporting team. The role will deepen your knowledge of financial products and provide a great opportunity to build knowledge of prudential regulation. Responsibilities include:

• Helping to oversee the UK and EU reporting teams, with both onshore and offshore producing capital calculations and reporting of 3 prudentially regulated entities. The team carries out all of the standardised and internal model RWA calculations and reporting across UK, France and Ireland.

• Daily capital calculations/analysis - Review daily RWA calculations to be incorporated in the daily capital adequacy status sent out to senior managers to support management of UK and EU entities.

• FRTB - Involved in implementation of FRTB rule changes/updates for capital requirements and external reporting scheduled for 2026, including model and system testing and development of the reporting capabilities.

• External Regulatory Reporting and Disclosures – Produce the quarterly returns including manual adjustments, reconciliations, period on period variance analysis for UK and EU entities, presenting these results to management

• 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 on the existing trade portfolio and assessing impact of new products and strategies and helping them with RWA efficiency work

• 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 partnering and internal stakeholders such as Risk, Internal Audit and Compliance

• Process improvement - Participate in assignments to identify and implement improvements to the process and control framework within which the group operates

• System development (BAU) – Initiation of technology change to support changing rules, and our continuing process to improve efficiency and controls. Review of business requirements, help with data sourcing and carry out UAT and post deployment testing

• 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

• Extensive experience in a prudential regulatory reporting function in an international financial institution

• Experience in building and leading a high performance team

• Excellent knowledge of the current EU and UK regulatory framework, specifically market and CVA under standardised and modelled approaches

• Experience in CoRep and Pillar 3 disclosures

• Understanding of Market risk management concepts (e.g. diversification, hedging, payoff profiles, etc.)

• Good product knowledge including payoff types and product features (KI/KO, structures, futures vs forwards, etc.)

• Understanding of market conventions, underlyings and impact of reference data on calculations

• Ability to understand implications of regulatory requirements on technical implementation of the calculations

• Ability to communicate clearly on with risk management, audit and compliance

• Control focused mentality, ability to identify potential control issues and find solutions.

• Proven leadership influencing ability and excellent people management skills, including managing offshore teams

• Experience of using Axiom or other vendor regulatory calculation solutions.

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.