Transaction Reporting Process Owner Project Lead
Job Description:
Job Title: Transaction Reporting Process Owner Project Lead
Corporate Title: Up to Vice President
Location: Chester
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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Location Overview:
Find us in the city of Chester, a destination renowned for its culture, history, and beauty. Working at Bank of America Chester offers a far-reaching global career for a world-renowned organisation, whilst being ideally situated against the backdrop of the rolling North Wales hills and the banks of the serene River Dee.
Role Description:
This job is responsible for defining, providing and overseeing analytical processes for highly complex regulatory reporting for one or more operations product teams. Key responsibilities include managing complex projects and workstreams involving systems enhancements, process improvements, products and services. Job expectations include serving as a subject matter expert to other teammates and handling highly complex issues that require management and coordination across multiple stakeholders.
An exciting and unique opportunity has arisen in our Transaction Reporting Control Group Team. This new role will work closely and assist the teams' London-based Director in leading strategic process owner project efforts; including process improvement efforts related to Operational Excellence (OpEx) and end to end process management single process inventory (POP/SPI).
The role will form part of an exciting new overall Business and Process Enablement function which is being formed as part of recent re-organization.
The responsibilities with be to lead on the process enablement element but there will be opportunities to shape and influence the other sub-functions. The candidate will be expected to form part of the management team and will work alongside those functions in the team and will also have a close affiliation with the Client Reporting and PTE teams.
Responsibilities:
* Delivers highly complex regulatory reports to regulatory agencies in line with expectations on completeness, accuracy, quality, and timeliness.
* Defines and executes control practices, including compliance with all regulatory and policy requirements, including data quality standards.
* Ensures that key risks, performance indicators, and desktop procedures are fully documented, in line with enterprise standards, reviewed on a regular basis and challenged and escalated where necessary.
* Responds to inquiries from regulatory agencies and internal control partners (e.g., Audit and Compliance), and provides reporting, as needed.
* Establishes credible, collaborative and influential relationships with key senior stakeholders, including FLU and Front Office partners.
* Identifies, tracks, and remediates errors, breaches, data issues and control enhancements that impact the respective reports.
* Coordinates the partnership with upstream process owners and data providers to improve data quality of regulatory reports, and with Non Financial Regulatory Reporting Interpretation and Technology teams to review and maintain data dictionaries for completeness of business requirements and ensure completeness of all operational and reporting requirements.
* Covering delegate responsibilities for Process Owner within TRCG including all POP/SPI efforts.
* Implementing a Strategic approach to a significant portfolio or regulatory compliance work driving risk reduction plans and Opex Agenda.
* Driving innovation and change both in process, risk management, culture and technology.
* Working closely with relevant senior internal stakeholders and external parties to ensure connectivity across functions and programs.
* Identifying and managing operational excellence opportunities across a wide variety of processes and functions.
* Identify automation and strategic workflow tooling capabilities and execution.
What we are looking for:
* Excellent collaboration and relationship management skills.
* Demonstrable evidence of stakeholder management and influence across all levels including senior management.
* Data Analytics - able to process and analyze complex data and articulate how that impacts processes and functions to assess and build recommendations.
* Ability to handle diverse workload and tight schedules.
* Experience of Transaction Reporting and related products/businesses/Operations and/or related support functions, including good understanding of the end to end trade lifecycle and the associated processes within the support functions.
* Change Management - must be capable of managing wholesale change programs that will cross over many teams within Markets and Operations.
* Excellent communication and presentation skills are essential and ability to communicate and flex communication styles across all levels.
* Process mapping skills including MS Visio.
* Knowledge of Process Owner/POP/SPI.
Skills that will help:
* Has a proven ability to apply strategic thinking to multiple, complex organizational and business issues, and has ability to translate into practical plans for project execution.
* Excels in working among diverse teams globally and to take on multiple viewpoints to make sound judgements and decisions/recommendations on the best solutions.
Benefits of working at Bank of America:
* 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. #J-18808-Ljbffr