Bank Of America Global Regulatory Reporting Observation Management Sr Specialist 

United States, North Carolina, Charlotte 

86745417

Job Description:

Job Description:

The Global Regulatory Reporting (GRR) function, a part of the Global Financial Control organization within the CFO Group, is responsible for accurate filing of non-liquidity related financial regulatory reports. A third-party vendor will perform conformance and transaction testing on GRR high-risk reports. The primary responsibility of this role is to perform observation management which includes root cause analysis, thematic review of findings, and partnership with key stakeholders to design and deliver on remediation solution.

Responsibilities:

• When the third-party vendor identifies issues, this individual will conduct observation management, including: root cause analysis, thematic review of findings, partnership with key stakeholders to design and deliver on remediation solution.
• Assist in the coordination of conformance and transaction testing performed by third-party vendor
• Adequately document and retain test results, evidence of observations, and ensure that observed points of weakness in controls and non-conformance are documented in a clear, concise, and actionable manner
• Support the Observation Management Lead in identification of and working with key stakeholders to review and validate observations
• Continuously apply lessons learned to recommend opportunities for increased effectiveness and efficiency of our observation management approach

Required Qualifications:

• 5 -7+ years experience in regulatory reporting
• Demonstrates a healthy skepticism and ability to partner with a third-party vendor to understand findings for root cause analysis
• Controls mindset with ability to perform root cause analysis and design adequate solutions
• Strong written and verbal communication
• Committed to continuous improvement of processes to maximize effectiveness and improve efficiency
• Proven ability to work in a collaborative environment to achieve stated objectives

Desired Qualifications:

• Understanding of our regulatory environment
• Bachelor’s degree or equivalent work experience

Skills:

• Critical Thinking
• Decision Making
• Issue Management
• Oral Communications
• Written Communications
• Analytical Thinking
• Change Management
• Presentation Skills
• Regulatory Compliance

1st shift (United States of America)