Global Payments Solutions Non-Financial Regulatory Reporting
1 month ago
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 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.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us
Job Description Summary
Global Payments Solutions (GPS) turns technological advances into treasury solutions. GPS offers a smarter, more sophisticated treasury relationship that redefines insights, delivers efficiency, and helps our clients stay ahead.
The Global Payments Solutions Non-Financial Regulatory Reporting Center of Excellence (GPS NFRR COE) centrally manages the ownership of GPS NFRRs. As a GPS NFRR COE Report Owner at Bank of America, you’ll play a critical role in ensuring compliance with regulatory reporting requirements and developing and maintaining procedures and processes to ensure accurate, complete, and timely submission of regulatory reports in conformance with regulatory instructions. We’re looking for someone with a passion for the financial industry and a commitment to producing high-quality work. The ideal candidate for this role will have a minimum of 5 years of experience in regulatory reporting, cash management, or trade finance. To succeed in this role, you must possess excellent communication and problem-solving skills and a strong attention to detail.
Primary Roles & Responsibilities
Responsible for accurate, complete, and timely submission of NFRRs in conformance with regulatory instructions.
Develop and maintain procedures and processes to ensure accuracy and efficiency of all regulatory reporting activities and ensure compliance with applicable regulatory reporting requirements.
Partner closely with risk function colleagues to identify, understand, and implement new regulatory reporting requirements.
Collaborate with governance team on governance procedures, error escalation, and issue management process.
Troubleshoot and drive the resolution of issues related to regulatory reporting.
Participate in audit/regulatory exams/compliance assessments/key governance forums.
Required Skills:
Must have these skills to be minimally qualified.
Self-motivated with keen attention to detail and a high energy level.
University degree with 5-7 years of working experience in banking or finance industry.
Proficiency in English and at least 2 foreign languages (Bahasa Indonesia, Japanese, Korean, Mandarin, or Thai).
Basic knowledge of Transaction Banking products offered by global financial institutions.
Excellent professional skills, including verbal and written communication, presentation, time management, and stakeholder management.
Desired Skills:
Prior experience in Transaction Banking will be a plus.
Basic knowledge of tax regulations/reporting will be a plus.
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