Job Description:
Job Title:
Senior Regulatory Reporting Controller Location:
London Corporate Title:
Director 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. 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. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre. The Team: Global Regulatory Reporting is part of Global Financial Control and is located in the US, UK, Ireland, France and India. The EMEA team for capital reporting currently consists of over 50 people in Europe and India and we are expanding the team. Responsibilities: Helping to oversee the UK and EU reporting teams, with both onshore and offshore producing capital calculations and reporting of 3 prudentially regulated entities.
Daily capital calculations/analysis - Review daily RWA calculations to be incorporated in the daily capital adequacy status sent out to senior managers.
FRTB - Involved in implementation of FRTB rule changes/updates for capital requirements and external reporting scheduled for 2026.
External Regulatory Reporting and Disclosures – Produce quarterly returns including manual adjustments, reconciliations, and presenting these results to management.
Rules changes - Involved in implementation of rule changes/updates for capital requirements and external reporting.
Business Partnering – Work with Front Office and other groups on capital management and assessing impact of new products.
Issue management – Lead the team in identifying and remediating process issues impacting the Capital Reporting process.
Stakeholder interaction - Deal with ad-hoc requests from external regulators and internal stakeholders.
Process improvement - Identify and implement improvements to the process and control framework.
System development (BAU) – Initiate technology change to support changing rules and improve efficiency.
System development (Strategic) – Define data/calculation/reporting requirements for infrastructure projects.
What we are looking for: Qualified Accountant, CFA or equivalent or a relevant degree or experience.
Extensive experience in a prudential regulatory reporting function in an international financial institution.
Experience in building and leading a high performance team.
Excellent knowledge of the current EU and UK regulatory framework.
Experience in CoRep and Pillar 3 disclosures.
Understanding of Market risk management concepts.
Good product knowledge including payoff types and product features.
Understanding of market conventions and impact of reference data on calculations.
Ability to understand implications of regulatory requirements on calculations.
Ability to communicate clearly with risk management, audit, and compliance.
Control focused mentality and ability to identify potential control issues.
Proven leadership influencing ability and excellent people management skills.
Experience of using Axiom or other vendor regulatory calculation solutions.
Benefits of working at Bank of America: Private healthcare for you and your family.
Competitive pension plan, life assurance and group income protection cover.
20 days of back-up childcare and adult care per annum.
Ability to change your core benefits and select a variety of flexible benefits.
Access to an emotional wellbeing helpline and Employee Assistance Program.
Ability to donate to charities through payroll and the bank will match your contribution.
Opportunity to access our Arts & Culture corporate membership program.
Opportunity to volunteer 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 understand the expected standards of conduct. We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment.
#J-18808-Ljbffr
Senior Regulatory Reporting Controller Location:
London Corporate Title:
Director 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. 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. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre. The Team: Global Regulatory Reporting is part of Global Financial Control and is located in the US, UK, Ireland, France and India. The EMEA team for capital reporting currently consists of over 50 people in Europe and India and we are expanding the team. Responsibilities: Helping to oversee the UK and EU reporting teams, with both onshore and offshore producing capital calculations and reporting of 3 prudentially regulated entities.
Daily capital calculations/analysis - Review daily RWA calculations to be incorporated in the daily capital adequacy status sent out to senior managers.
FRTB - Involved in implementation of FRTB rule changes/updates for capital requirements and external reporting scheduled for 2026.
External Regulatory Reporting and Disclosures – Produce quarterly returns including manual adjustments, reconciliations, and presenting these results to management.
Rules changes - Involved in implementation of rule changes/updates for capital requirements and external reporting.
Business Partnering – Work with Front Office and other groups on capital management and assessing impact of new products.
Issue management – Lead the team in identifying and remediating process issues impacting the Capital Reporting process.
Stakeholder interaction - Deal with ad-hoc requests from external regulators and internal stakeholders.
Process improvement - Identify and implement improvements to the process and control framework.
System development (BAU) – Initiate technology change to support changing rules and improve efficiency.
System development (Strategic) – Define data/calculation/reporting requirements for infrastructure projects.
What we are looking for: Qualified Accountant, CFA or equivalent or a relevant degree or experience.
Extensive experience in a prudential regulatory reporting function in an international financial institution.
Experience in building and leading a high performance team.
Excellent knowledge of the current EU and UK regulatory framework.
Experience in CoRep and Pillar 3 disclosures.
Understanding of Market risk management concepts.
Good product knowledge including payoff types and product features.
Understanding of market conventions and impact of reference data on calculations.
Ability to understand implications of regulatory requirements on calculations.
Ability to communicate clearly with risk management, audit, and compliance.
Control focused mentality and ability to identify potential control issues.
Proven leadership influencing ability and excellent people management skills.
Experience of using Axiom or other vendor regulatory calculation solutions.
Benefits of working at Bank of America: Private healthcare for you and your family.
Competitive pension plan, life assurance and group income protection cover.
20 days of back-up childcare and adult care per annum.
Ability to change your core benefits and select a variety of flexible benefits.
Access to an emotional wellbeing helpline and Employee Assistance Program.
Ability to donate to charities through payroll and the bank will match your contribution.
Opportunity to access our Arts & Culture corporate membership program.
Opportunity to volunteer 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 understand the expected standards of conduct. We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment.
#J-18808-Ljbffr
