Job Description:

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 an 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.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for the preparation of regulatory reporting returns for locally regulated legal entities including broker dealers and swap dealers. Key responsibilities include performing and documenting control processes and variance analysis, preparing data submissions for regulatory reporting teams, and supporting change initiatives. Key expectations include preparing and analyzing financial reports, performing risk analysis, working with a team, and communicating effectively.

Reg Analyst is responsible for ensuring reports are prepared accurately and in accordance with regulator requirements. Analyst is also responsible for working with our GFCI team members to complete first and second level reviews prior to supervisor and SFD review as well as the timely submission of the reports. This role will involve preparation, review and submission of multiple regulatory reports including the FR-Y11, FFIEC 030, FR 2314 TIC reports, etc. to the FRB . The role requires that the analyst work with the Federal Reserve to understand and resolve questions posed by the FRB, and ensure the FRB receives regular status updates regarding current issues being resolved.

Responsibilities:

• Prepares complete and accurate regulatory reporting returns in a timely manner
• Prepares reconciliations and variance analysis for daily/monthly computations
• Executes trend and analytical reporting related to Broker Dealer computations
• Works with internal control functions and external auditors
• Assists with local regulator and other regulatory examination inquiries
• Supports regulatory change projects in testing and documentation
• Supports Operational Excellence initiatives to streamline processes improvements

Required Qualifications:

• 5+ years of professional experience in Accounting, Finance, Regulatory Reporting, or relevant experience
• Knowledge and understanding of regulatory reporting instructions or similar background
• Analytical, critical thinking and problem-solving capabilities
• Strong technical accounting and finance skills and knowledge
• Able to effectively manage multiple priorities while working both independently and as part of a team
• Excellent written and verbal communication skills

Desired Qualifications:

• Degree in Accounting/Finance
• Banking, Auditing, or relevant experience

Skills:

• Analytical Thinking
• Controls Management
• Financial Accounting
• Financial Analysis
• Reporting
• Attention to Detail
• Oral Communications
• Policies, Procedures, and Guidelines Management
• Risk Management
• Written Communications
• Continuous Improvement
• Interpret Relevant Laws, Rules, and Regulations
• Project Management
• Regulatory Compliance
• Stakeholder Management

Shift:

Hours Per Week: