Bank of America Regulatory Reporting Manager - CRR FR Y-14Q in Charlotte, North Carolina
The position is responsible for the preparation, review and submission of various quarterly the FR Y-14Q Schedules. The role includes acquisition of large volumes of data, data validation through edit checks review and analysis, participation in the production of Business Review Packages, and liaising with other CRR colleagues to review trends and explain variance analysis. The job responsibilities are being updated to include enhanced analytics to effectively challenge the accuracy of data.
This is a highly visible position within the FR Y-14 M/Q Reporting Team. The role will be responsible for reporting production activities related to various FR Y-14Q schedules, including data acquisition and validation, compliance with reporting instructions, review and analysis, and alignment with other external regulatory reporting disclosures. The candidate will drive process improvements to enhance the effectiveness and efficiency by identifying opportunities for automation and to embed controls within the productionframework. Additionally, the candidate will be expected to effectively challenge how data is reported in the schedules through analysis and explain how key business drivers impact period over periodvariances. This position will interface with other regulatory reporting groups to develop standard data sources and to drive a consistency with variance analysis. Specific responsibilities include:
Production of various FR Y-14Q schedules and adherence with tight reporting deadlines.
Implement target state operating model, including standard data sources for all reporting processes using securities data.
Liaise with reporting Subject matter experts within regulatory reporting to drive centralized processes for reporting ofsecurities.
Prepare and present business review packages, including governance processes that ensure the accuracy, completeness and relevance of CCAR as well as variance analyses that explain fluctuations in terms of business events.
Participate on regulatory examinations and internal audit reviews.
Serve as a Subject Matter Expert for Securities, providing guidance and direction.
Enterprise Role Overview
Manages teams that are responsible for performing data management, complex analysis and modeling that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposures. Their team would provide data / IM, analytical support on various product strategies to ensure company goals are met. Coordinates the production of databases, performance reports for senior mgt. Manages the review and analysis of trends in current population distributions and recommends strategies. Directs the development of more complex databases, program models to extract data and use databases to provide statistical and financial modeling. Oversees the data design, analysis of portfolio trends, concerning credit score cutoffs, loss trends, portfolio dynamics, and bureau scoring criteria. Integrates the analysis team with other corporate units to insure alignment of analysis with business strategies and objectives. Responsible for hiring and training Risk Analysis Specialist and Risk Analysis Analyst. Master's degree or large data experience preferred; Programming experience like SQL, SAS preferred; 7+ years experience.
Responsible for performing complex analysis and is engaged in the development of modeling that maximizes profits and asset growth and minimizes credit and operating losses and other risk exposures. Provides analytical support on various product strategies to ensure company goals are met. Coordinates the production of performance reports for senior mgt. Reviews and analyzes trends in current population distributions and recommends strategies. May participate in or develop complex program models to extract data and use databases to provide statistical and financial modelling. Master's degree or large data experience preferred; Programming experience like SQL, SAS preferred and/or Micro Strategy experience preferred. Minimum of 5 years experience.
Required Skills & Experience
In-depth understanding of financial and banking products including GAAP and regulatory reporting principles.
5+ years of relevant finance experience in a large corporate environment
2-6 years of experience in US Regulatory Reporting, Internal/External Audit, SOX Compliance, Financial Analysis
Organizationally savvy; can work across organizational lines to gain consensus and buy-in from stakeholders
Able to build and leverage existing relationships to influence outcomes and drive decisions
Execution-oriented; with ability to quickly organize work and execute with speed
Able to manage multiple threads of work and balance/decision competing priorities
Excellent communication skills – written and verbal
Strong team engagement skills Unquestionable business and personal integrity and values congruent with those of the organization.
This role can be filled as a Risk Analysis Manager or a Risk Analysis Sr Specialist.
Posting Date : 05/22/2017
Location : US-NC-Charlotte
Travel : Yes, 5% of the time
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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