Bank of America is on FGB’s Best Finance Companies for Women of 2018.
A competitive benefits and programs have earned us recognition by Working Mother magazine for more than 30 years,
Employee Financial Services offers U.S. employees financial education and special access to financial products, services and expertise.
Offers comprehensive domestic partner benefits to U.S. employees and incorporate sexual orientation into non-discrimination policies.
The Centralized Regulatory Reporting (CRR) team is part of the CFO-Global Financial Control organization. Our purpose is to drive high quality regulatory reports through operationally efficient control processes and system solutions to support the production of various regulatory reports as required by the Federal Reserve, OCC, FDIC and other regulators. CRR is seeking a highly motivated individual for a Senior Financial Analyst position seeking to expand their knowledge and expertise.
This position is responsible for analysis, interpretation, and documentation of the application of U.S. regulatory reporting requirements focused on deposit banking products in order to ensure adherence to requirements. Interpretation and application of regulatory requirements require extensive collaboration with all levels of business partners and regulatory agencies.
The successful candidate will join a dynamic environment that offers numerous opportunities to learn, grow, impact and drive changes for the Company. In particular, the candidate will:
Research, analyze, and interpret changes in US regulatory requirements
Provide guidance for complex regulatory requirements, including translation and application of such into reports
Communicate and document the rationale for interpretation and application of regulatory requirements
Assist with product specific issues management, evaluation of impact, remediation and enhancements
analyze and explain results including key business drivers of significant fluctuations.
Assist in preparation of deposit related regulatory reporting schedules
Examine financial information and data attributes provided by Regulatory Reporting team and other line of business members for disclosure in the Company's external regulatory reports
Work closely with teams across the organization including: Enterprise Stress Test, Lines of Business, Operations & Technology, Risk, Compliance, Financial Controls and Oversight, and other GFC teams and other teams across the bank.
Assist in regulatory reporting project to further automate data collection by communicating reporting requirements, performing testing, monitoring progress, communicating status and other activities as needed
The candidate must demonstrate initiative, a commitment to continuous learning, and the ability to adapt to changing demands and requirements.
Throughout the tenure of the role, the teammate should gain exposure and acumen in bank regulatory reporting requirements; the company's financial systems; accounting consolidation and elimination principles and processes, particularly within the context of a large financial services enterprise with many subsidiaries; and the company’s deposit and credit products area of the organization, and develop or improve the following skills: regulatory knowledge and technology experience in the area of banking systems.
5+ years of accounting related experience
Bachelor degree in Accounting/Finance or related worked experience.
Strong understanding of balance sheet, income statement and banking products
Strong analytical, critical thinking and problem solving capabilities
Strong technical accounting skills and knowledge
Results driven with ability to work independently to meet deadlines
Excellent verbal and written, including well-developed presentation skills
Ability to collaborate with teammates and business partners
Ability to proactively identify problems and develop solutions
Strong Excel and PowerPoint skills
Familiarity with SAP general ledger
Familiarity with bank regulatory reporting requirements
Familiarity with researching financial reporting/ accounting technical requirements
Experience using Axiom is a plus
1st shift (United States of America)
Hours Per Week:
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