• Job Description

  Req#: 25017515

  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:
  This job is responsible for driving accurate, complete, and timely delivery of data. Key responsibilities include working with business stakeholders and technology teams to direct commercial banking data management activities and ensure availability for use by appropriate consumers. Job expectations include managing execution within the enterprise data management standards, data quality, and control practices.

  Responsibilities:

  This Regulatory Data Governance & Controls Manager role will be a member of the Regulatory Data team within Enterprise Credit Analytics & Transformation Strategy. The Regulatory Data team provides subject matter expertise, manages data capture and sourcing and provides data for critical U.S. and international regulatory reporting for wholesale credit including FR Y-14Q Schedule H, Shared National Credit, OSFI 988, AnaCredit and HMDA (Home Mortgage Disclosure Act).

  This role will collaborate closely with enterprise credit teams, reporting production teams, data owners, finance/risk reporting teams, and the CFO Group to oversee adherence to enterprise policies and standards, design and maintain documentation for regulatory reporting data provisioning, execute initiatives to improve data quality and operational excellence, and provide subject matter expertise on regulatory data requirements.

  • Creates/maintains appropriate documentation/evidence to support policy adherence and control framework

  • Ensure continuing compliance with applicable policies and standards (e.g. Regulatory Reporting, Data Management, Process Management, Global Records Management)

  • Manages and maintains SPI/POP requirements, evidence and deliverables

  • Collaborates with production teams on process design, documentation and controls evidence

  • Supports comprehensive audits, testing initiatives, and data quality reviews

  • Identifies gaps in data management standards adherence and works with appropriate partners to develop plans for resolution, including recommendations so that relevant risk and compliance policies and standards are met

  • Works with Line of Business partners, including Credit and Operations teams, Compliance, Audit, and Risk to understand needs and produce data solutions, often in partnership with Technology

  • Analyzes emerging needs for data to address risk, regulatory, or business enablement priorities and appropriately plans for interim and target state solutions within data management policies

  • Monitors key performance indicators and internal controls in accordance with established thresholds, standards, and policies
  

  Required Qualifications/Skills:

  • Expertise in process design, documentation, and process controls
  • Experience with/knowledge of the SPI/POP process
  • Familiarity with Bank’s wholesale credit products, processes, and systems
  • Technical skills w/ MS Office (Word, PPT) and Visio
  • Data Governance: Proficiency in enterprise policies and standards
  • Data Management
  • Project Management: excellent organizational skills and ability to handle multiple tasks to meet tight deadlines
  • Strong verbal and written communication skills, including ability to influence decisions to achieve desired results
  • Proven leader within highly-matrixed organizations
  • Ability to navigate the enterprise to research and resource information across the bank
  • Data Quality Management
  • Reporting
  • Product Management
  • Data Modeling
  • 3-5 years of data management and/or project/change management
  

  Desired Qualifications:

  • U.S. and/or international regulatory reporting experience

  Shift:

  1st shift (United States of America)

  Hours Per Week:

  40

  Pay Transparency details

  US - CA - San Francisco - 555 California St - Bofa Center - 555 California (CA5705), US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110)

  Pay and benefits information

  Pay range

  $105,400.00 - $175,000.00 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.

• About the company

  Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

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