Job Description:
Job Title: Regulatory Relations Specialist
Location: London
Corporate Title: Assistant Vice President
Company Overview:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!
Location Overview:
Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.
The Team:
You will work as part of the Global Regulatory Relations (GRR) Strategy & Process Management team supporting the Reg Relations team in EMEA. In addition to providing in-person and virtual support to Bank regulators, this role will provide operational support to exam teams within the region. This role requires close interaction with regulatory agencies, GRR executives, and exam teams.
Responsibilities:
* Onboarding and offboarding Bank regulators and consultants
* Granting and revoking system access (HVD/BAC network, internal applications, etc.) and conducting access reviews
* Managing space requirements and building access when regulators are on-site for meetings or exams
* Issuing laptops or Chromebooks when necessary, and managing the inventory
* Serving as a liaison to Global Information Security (GIS), and acting as the main point of contact for any escalations (ex: blocked sites/transmissions that may interfere with timely exam deliverables)
* Liaising with facilities regarding onsite set up (ergonomic chairs, waste bins, wifi, access to printers)
* Scheduling UK and France Adhoc & Routine Regulatory meetings (incl. preps and debrief session/ booking meeting rooms)
* Mailbox & Calendar management - maintaining regulatory routines in GRR Portal
* Routine, Inventory, and Exam Approvals for EMEA
* GRR SharePoint Access & Controls / ECB portals access management (can only be aligned to one EU LE)
* Assisting with GRR Portal clean-up exercises (example, ERH changes for inquiries / exams)
* EMEA regulatory contact quarterly refresh
* Processing FCA invoices and tracking submissions YoY (4-6 times a year)
* FCA Fees & Levies submission – annual collation of data and submission on FCA portal
* ACR Building access quarterly audits (France, Ireland, UK) / trading floor access audits (UK)
What we are looking for:
* Prior Regulatory Relations experience or experience interacting with regulators is highly desirable
* Excellent organizational skills with a keen ability to prioritize daily tasks with project work as well as ad hoc requests
* Proven verbal and written communication skills and presentation skills
* Strong analytical skills
* Ability to work under pressure, calmly within tight deadlines and escalate appropriately
* Able to develop and maintain good working relationships
* Self-starter, motivated and reliable; ability to work well and seamlessly within a team without a continuous high level of guidance
* Proficiency in using MS Word, Excel, PowerPoint, SharePoint and WebEx
Benefits of working at Bank of America:
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
Bank of America:
Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.
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