1+ months

Regulatory Interpretations Manager

New York, NY 10176
  • Jobs Rated
    47th
Regulatory Interpretations Manager



New York, New York



**Job Description:**



The Regulatory Interpretations Manager will be part of the Global Operations Compliance and Operational Risk team and will focus on regulatory compliance issues relating to regulatory reporting across all lines of business and control functions (GBAM, Consumer, GWIM and Control Functions) in the United States and international jurisdictions.



The Regulatory Interpretations Manager will be responsible for:

o Establishing Compliance strategy, standards and processes, including quality control and operational risk management processes, for non-financial regulatory reporting

o Analyzing laws, rules and regulations to determine regulatory reporting requirements and their applicability to BAC

o Determining the jurisdictions, legal entities, businesses and products in scope for applicable regulatory reporting requirements

o Monitoring regulatory landscape for new regulations and regulatory changes impacting non-financial regulatory reporting obligations

o Supporting front-line data dictionary operations teams, report owners and technology teams to: capture applicable regulations within regulatory reporting database; derive relevant business requirements from applicable regulatory requirements; source and map applicable reporting data

o Identifying and driving regulatory interpretation from BAC Legal and Compliance and synthesizing interpretive decisions from regulators and other third parties and mapping outcomes to applicable reporting regulations

o Evaluating regulatory changes, legal entity changes, business and product changes and other trigger events for impact upon regulatory requirements, business requirements and reporting data

o Advising business on regulatory reporting issues, escalation, self-disclosure to regulators, and report remediation and resubmission

o Supporting business and operations teams on remediating regulatory reporting gaps

o Supporting technology teams with preparation of automated regulatory reporting quality assurance reviews and other reporting diagnostics

o Conducting quality control of data dictionaries prepared by data dictionary operations team

o Working together with partners in the business, operations, technology, legal and compliance on new regulatory reporting implementation



Required Skills:

o Law degree preferred, but not required

o Possess 6+ years of experience as a compliance or legal professional with expertise in analysis of law, rules and regulations, preferably with experience in regulatory reporting

o Extensive subject matter expertise in regulatory interpretation for one or more of the following domains: Securities and Derivatives, Global Markets, and / or Global Banking

o General experience working in a legal or compliance environment in institutional banking & markets, commercial or private banking or wealth management organizations is desired along with excellent understanding of banking & markets businesses, trading, products and instrument lifecycles

o Ability to effectively manage day-to-day interactions and relationships with a diverse group of colleagues in the front office and control functions

o Excellent written and oral communication skills. Ability to communicate complicated issues succinctly and pointedly, organized with exceptional clarity

o Skilled in developing broad internal and external networks of stakeholders and collaborators, and capable of cultivating strong interpersonal relationships



Desired Skills:

o A motivated individual who is passionate about regulatory compliance, regulatory analysis and interpretation and has demonstrated track record of high integrity, sound judgment, energy and enthusiasm

o Ability to work in a fast paced environment to drive quality goals while meeting aggressive delivery deadlines

o An individual with a demonstrated ability to influence others across organizational lines toward the achievement of collective goals

o An individual who is resourceful, productive and self-motivated, and who seizes opportunities to innovate and improve process and performance



**Job Band:**



H4



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



**Weekly Schedule:**



**Referral Bonus Amount:**



0



**Job Description:**



The Regulatory Interpretations Manager will be part of the Global Operations Compliance and Operational Risk team and will focus on regulatory compliance issues relating to regulatory reporting across all lines of business and control functions (GBAM, Consumer, GWIM and Control Functions) in the United States and international jurisdictions.



The Regulatory Interpretations Manager will be responsible for:

o Establishing Compliance strategy, standards and processes, including quality control and operational risk management processes, for non-financial regulatory reporting

o Analyzing laws, rules and regulations to determine regulatory reporting requirements and their applicability to BAC

o Determining the jurisdictions, legal entities, businesses and products in scope for applicable regulatory reporting requirements

o Monitoring regulatory landscape for new regulations and regulatory changes impacting non-financial regulatory reporting obligations

o Supporting front-line data dictionary operations teams, report owners and technology teams to: capture applicable regulations within regulatory reporting database; derive relevant business requirements from applicable regulatory requirements; source and map applicable reporting data

o Identifying and driving regulatory interpretation from BAC Legal and Compliance and synthesizing interpretive decisions from regulators and other third parties and mapping outcomes to applicable reporting regulations

o Evaluating regulatory changes, legal entity changes, business and product changes and other trigger events for impact upon regulatory requirements, business requirements and reporting data

o Advising business on regulatory reporting issues, escalation, self-disclosure to regulators, and report remediation and resubmission

o Supporting business and operations teams on remediating regulatory reporting gaps

o Supporting technology teams with preparation of automated regulatory reporting quality assurance reviews and other reporting diagnostics

o Conducting quality control of data dictionaries prepared by data dictionary operations team

o Working together with partners in the business, operations, technology, legal and compliance on new regulatory reporting implementation



Required Skills:

o Law degree preferred, but not required

o Possess 6+ years of experience as a compliance or legal professional with expertise in analysis of law, rules and regulations, preferably with experience in regulatory reporting

o Extensive subject matter expertise in regulatory interpretation for one or more of the following domains: Securities and Derivatives, Global Markets, and / or Global Banking

o General experience working in a legal or compliance environment in institutional banking & markets, commercial or private banking or wealth management organizations is desired along with excellent understanding of banking & markets businesses, trading, products and instrument lifecycles

o Ability to effectively manage day-to-day interactions and relationships with a diverse group of colleagues in the front office and control functions

o Excellent written and oral communication skills. Ability to communicate complicated issues succinctly and pointedly, organized with exceptional clarity

o Skilled in developing broad internal and external networks of stakeholders and collaborators, and capable of cultivating strong interpersonal relationships



Desired Skills:

o A motivated individual who is passionate about regulatory compliance, regulatory analysis and interpretation and has demonstrated track record of high integrity, sound judgment, energy and enthusiasm

o Ability to work in a fast paced environment to drive quality goals while meeting aggressive delivery deadlines

o An individual with a demonstrated ability to influence others across organizational lines toward the achievement of collective goals

o An individual who is resourceful, productive and self-motivated, and who seizes opportunities to innovate and improve process and performance



**Shift:**



1st shift (United States of America)



**Hours Per Week:**



40



Learn more about this role



Full time



JR-21083800



Band: H4



Manages People: No



Travel: No



Manager:



Talent Acquisition Contact:



Diana Flowers



Referral Bonus:



0



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.




To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .


To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .



Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (Policy) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.




To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .

Industry

  • Banking / Finance

Jobs Rated Reports for Interpreter

Posted: 2022-04-22 Expires: 2022-06-10

Success begins with building relationships.

At Bank of America, our customers are at the center of everything we do. Our focus is on helping each one find the right financial solutions. With a wide range of career opportunities available, we invite you to realize your career goals with us while assisting customers with what matters most to them.

Welcome to Careers at Bank of America.


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Regulatory Interpretations Manager

Bank of America
New York, NY 10176

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