Bank Of America Transaction Reporting Submission Control Professional 

United Kingdom, England, Chester 

913501829

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.

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.