Bank of America - Charlotte, NC
posted 4 months ago
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. Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization. Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us! In this role, you will be responsible for directing the day-to-day finance activities involving regulatory reporting and accounting policy. You will manage associates working with reporting requirements and guidelines of the SEC to maintain records and prepare required financial reports. This position is considered a working manager, meaning that in addition to supervisory and administrative duties, you will be actively involved in the execution of processes. You will assist management in the development and implementation of accounting policies and procedures. The Chief Financial Officer (CFO) Group is responsible for the overall financial management of our company, which includes accounting, financial and regulatory reporting, balance sheet management, financial planning and analysis, treasury, investor relations, corporate investments, and tax. Global Financial Control (GFC) is responsible for managing and executing consolidated financial and legal entity reporting; interpreting and applying accounting policy and standards; overseeing financial controls and operational risk assessments; managing and maintaining financial data and systems; managing general ledger and sub-ledger accounting; and supporting tax activities. In short, our focus in GFC is to get the numbers right and to work in support of the company's goals, most importantly responsible growth. Global Regulatory Reporting (GRR) is responsible for preparation, review, and submission of U.S. financial regulatory reports for the bank, broker-dealer, and certain non-bank subsidiaries and works closely with business and finance partners across the organization to gather, analyze and prepare required regulatory reports. Regulatory reporting is an important enterprise-wide effort providing Company data to regulatory agencies for analytical and supervisory purposes. This is a highly visible position within the organization. The role will oversee the production, review, and analysis of the FR Y-9C Consolidated Financial Statements for Holding Companies and FFIEC 031 Call Report schedules and other high-risk regulatory reports. You will be responsible for ensuring reporting is accurate, complete, timely, and in conformance with regulatory instructions. Additionally, you will support the AXIOM/ADS implementation and will support internal and external audit reviews as well as Second Line Operational Risk reviews. You will drive process improvements to enhance the effectiveness and efficiency of the reporting process by identifying opportunities for automation and embedding controls within the production processes. You will be expected to effectively challenge how data is reported through analysis and explain how key business drivers impact period-over-period variances. This position will interface with other regulatory reporting groups to develop standard data sources and to drive consistency with variance analysis.