EAC Compliance & Operational Risk Specialist - Regulatory Reporting

About the role

Description from the employer’s posting. Check the employer’s page for the current version.

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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us! Job Description: This role is responsible for supporting independent second-line Compliance and Operational Risk oversight of Transaction Reporting (TR) and Enterprise Position Monitoring & Disclosures (EPMD) across the Americas region. TR and EPMD are high-risk regulatory reporting areas covering transaction reporting, share ownership monitoring and disclosure obligations across multiple jurisdictions and represent key areas of regulatory risk for the firm. The role will support oversight of reporting processes, controls, regulatory change and remediation activities, working closely with stakeholders across the organization. The successful candidate will provide effective review and challenge to stakeholders across various Lines of Business, Operations, Technology, Legal and Risk functions, helping to ensure regulatory requirements are appropriately interpreted, implemented and embedded within the firm's processes and control framework. The role will support regulatory change implementation, issue remediation, monitoring, testing and governance activities across both TR and EPMD coverage areas. Responsibilities: Conduct independent review and challenge of TR and EPMD activities to assess compliance with applicable laws, rules and regulations. Provide compliance and operational risk oversight of regulatory changes, control enhancements and remediation initiatives affecting TR and EPMD. Perform monitoring, targeted assessments and other risk-based coverage activities to assess the effectiveness of associated processes and controls. Support the execution of second-line data testing to independently review the accuracy of transaction reporting and EPMD submissions. Assist with the development and maintenance of training, procedures and guidance relating to TR and EPMD requirements. Review and challenge FLU processes, risks, controls, Single Process Inventory and Risk and Control Self-Assessments relating to TR and EPMD activities. Support the review and challenge of reporting incidents, disclosure issues and remediation activities to ensure appropriate root cause analysis and corrective action. Partner with regional and global stakeholders to support effective implementation of regulatory requirements and remediation activities. The successful applicant should have compliance, operational risk or regulatory reporting experience, together with the ability to apply risk-based oversight in a technically complex and evolving regulatory environment. The individual should be capable of analyzing regulatory requirements, identifying risks and control weaknesses, and working effectively with stakeholders to support sound risk outcomes. Required Qualifications: Knowledge of Transaction Reporting, EPMD or other regulatory reporting requirements. Compliance, Operational Risk, Regulatory Reporting or related experience. Global Markets experience preferred. Minimum of 5 years' experience in financial services. Bachelor's Degree or equivalent experience. Interpret Laws, Rules and Regulations – Ability to analyze regulatory requirements and apply them to business scenarios and reporting processes. Intellectual Curiosity & Learning Agility – Demonstrates a desire to understand complex regulatory requirements and continuously develop technical expertise. Risk Assessment & Problem Solving – Strong analytical skills and sound judgement when assessing reporting data and regulatory, operational and control-related matters. Attention to Detail – Ability to identify regulatory nuances, assess complex fact patterns and ensure accurate application of requirements. Issue Management & Remediation – Ability to identify, assess and support the resolution of regulatory and operational risk issues. Stakeholder Management – Ability to build effective working relationships across business, operations and risk functions. Written and Verbal Communication – Ability to communicate regulatory and risk matters clearly and concisely to a variety of stakeholders. Skills: Analytical Thinking Regulatory Compliance Reporting Risk Management Written Communications Active Listening Adaptability Issue Management Monitoring, Surveillance, and Testing Policies, Procedures, and Guidelines Management Advisory Business Process Analysis Interpret Relevant Laws, Rules, and Regulations Process Management Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - NJ - Pennington - 1600 American Blvd - Hopewell Bldg 6 (NJ2600), US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay and benefits information Pay range $70,400.00 - $126,800.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.