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Bank of America Regulatory Reporting Controller in Dublin, Ireland
Job Description:
Job Title: Regulatory Reporting Controller
Location: Dublin
Company Overview:
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.
Location Overview:
Overlooking the spectacular Iveagh Gardens with access to all amenities in the beating heart of central Dublin is our Park Place office. Travel options include the LUAS, Dublin Bus networks as well as the Dublin Bikes station, positioned just outside our front doors. As part of our commitment to supporting staff travel to and from work in the most sustainable way possible, we also provide tax saver tickets as part of our award-winning benefits package which means getting to work has never been easier.
The Team:
The Regulatory Reporting team are the principal point of contact for the regulators for all requests with regard to the regulatory requirements. We are involved in various activities such as the production of regulatory Capital reporting, review of daily internal capital reports, providing capital impact analysis to various FLUs on new products/transactions, client migrations, and other strategic projects as well as having input into the Capital Planning activities giving the team exposure to other teams such as Risk, Compliance, ECM, Finance, and FLUs.
The team is made up of members in the Dublin, Paris, and London offices and is supported by the India team. We are committed to the development of our people through:
1. Internal targeted training as well as assisted study for professional qualifications.
2. Work-life balance.
3. Special interests such as volunteering and the environmental working group.
With your ambition, we will constantly develop your skills to enable you to reach your full potential.
Responsibilities:
1. Helping to oversee the EU and UK capital calculations and reporting of 3 prudentially regulated entities. The team carries out all of the standardised and internal model RWA calculations and reporting across UK, France, and Ireland.
2. Capital calculations/analysis - Review daily/weekly RWA calculations to be incorporated in the capital adequacy status sent out to senior managers to support management of UK and EU entities.
3. External Regulatory Reporting and Disclosures – Produce the quarterly returns including manual adjustments, reconciliations, period on period variance analysis for UK and EU entities, presenting these results to management.
4. Support the Capital Reporting process (both internally and externally), in particular the preparation of Credit Risk.
5. System development (BAU) – Initiation of technology change to support changing rules, and our continuing process to improve efficiency and controls. Review of business requirements, help with data sourcing and carry out UAT and post-deployment testing.
6. System development (Strategic) – As a user help to define data/calculation/reporting requirements for an in-flight infrastructure project including analysis tools.
7. Keep up to date with applicable regulatory reporting requirements.
8. Business Partnering – Collaborate with Front Office, market risk, model developers, and other groups on capital management and RWA efficiencies.
9. Stakeholder interaction - Deal with ad-hoc requests from external regulators and partnering and internal stakeholders such as Risk, Internal Audit, and Compliance.
10. Issue management – leading the team in identifying and remediating process and other issues impacting the Capital Reporting process.
11. Continuously assess and enhance regulatory reporting processes, improving the quality of our regulatory submissions and identifying new approaches to improve efficiencies.
12. Contributing to Governance process, operational error reporting, documentation and EUC controls, and support of other internal control processes.
13. Assist with ad hoc projects which are expected to include a diverse range of projects including the implementation of new regulatory reporting requirements and strategic regulatory reporting infrastructure.
What we are looking for:
1. Qualified Accountant (ACA, ACCA, CIMA or equivalent) with good working knowledge of accounting concepts or a relevant degree.
2. Experience in a prudential regulatory reporting function in an international financial institution.
3. An excellent understanding of the regulatory reporting environment. Knowledge of prudential reporting across key risks, mainly Credit Risk and Market Risk considered an advantage.
4. Experience in CoRep and Pillar 3 disclosures.
5. Proactive, enthusiastic individual with a control focused mentality.
6. High level of ownership, proven analytical skills, and attention to detail.
7. Display a willingness to learn through research, enquiry, and escalation.
8. Knowledge of Axiom regulatory application would be an advantage.
9. Keen interest in and aptitude for developing an understanding of the regulatory framework and rules.
Benefits of working at Bank of America:
1. Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner.
2. Competitive pension plan, life assurance, and group income protection cover if you become unable to work as a result of a disability or health reasons.
3. 20 days of back-up childcare and 20 days of back-up adult care per annum.
4. The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness, etc.
5. Access to an Employee Assistance Program for confidential support and help for everyday matters.
6. Access to free counselling through the Employee Assistance Program and virtual GP services through our private healthcare plan.
7. Ability to donate to charities of your choice and the bank will match your contribution.
8. Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of Ireland’s most iconic cultural institutions and exhibitions.
9. Opportunity to give back to your community, develop new skills, and work with new groups of people by volunteering in your local community.
Bank of America:
Good conduct and sound judgment are crucial to our long-term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mindset are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, membership of the Traveller community, age, sexual orientation, pregnancy or maternity, civil status, socio-economic background, family status or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications, and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
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