Chief Financial Officer/GFC; Centralized Regulatory Reporting - Finance Manager (Deposits)
Charlotte, North Carolina
**Job Description:**
**Group Description**
The Chief Financial Officer (CFO) Groupis responsible for the overall financial management of our company. This 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 subledger accounting; and supporting tax activities. In short, our focus in GFC is to get the numbers right and to work in support of the companys goals, most importantly responsible growth.
Centralized Regulatory Reporting (CRR)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.
**Job Description**
This position will manage a team of financial analysts is responsible for the analysis, interpretation, and documentation of the application of U.S. regulatory reporting requirements focused on deposit banking products in order to ensure adherence to requirements. Interpretation and application of regulatory requirements require extensive collaboration with all levels of business partners and regulatory agencies.
**Key Responsibilities:**
+ Manage the research, analysis, and interpretation of changes to US regulatory requirements
+ Provide guidance to the team for complex regulatory requirements, including translation and application of such into reports
+ Communicate and document the rationale for interpretation and application of regulatory requirements
+ Managerproduct specific issues management, evaluation of impact, remediation and enhancements
+ Analyze and explain resultsto senior leadership and external regulatorsincluding key business drivers of significant fluctuations
+ Manage thepreparationand review the resultsof deposit related regulatory reporting schedules
+ Examine financial information and data attributes provided by Regulatory Reporting team and other line of business members for disclosure in the Company's external regulatory reports
+ Work closely with teams across the organization including: Enterprise Stress Test, Lines of Business, Operations & Technology, Risk, Compliance, Financial Controls and Oversight, and other GFC teams and other teams across the bank.
+ Assist in regulatory reporting project to further automate data collection by communicating reporting requirements, performing testing, monitoring progress, communicating status and other activities as needed
+ The candidate must demonstrate initiative, a commitment to continuous learning, and the ability to adapt to changing demands and requirements.
+ Throughout the tenure of the role, the teammate should gainadditionalexposure and acumen in bank regulatory reporting requirements; the company's financial systems; accounting consolidation and elimination principles and processes, particularly within the context of a large financial services enterprise with many subsidiaries; and the companys deposit and credit products area of the organization, and develop or improve the following skills: regulatory knowledge and technology experience in the area of banking systems.
**Required Skills:**
+ 8-10+ years of accounting related experience
+ Bachelor degree in Accounting/Finance or related worked experience.
+ Strong understanding of balance sheet, income statement and banking products
+ Strong analytical, critical thinking and problem solving capabilities
+ Strong technical accounting skills and knowledge
+ Results driven with ability to work independently to meet deadlines
+ Excellent verbal and written, including well-developed presentation skills
+ Ability to collaborate with teammates and business partners
+ Ability to proactively identify problems and develop solutions
+ Strong Excel and PowerPoint skills
**Desired Skills:**
+ Experience managing a global reporting team
+ CPA
+ Familiarity with SAP general ledger
+ Familiarity with bank regulatory reporting requirements
+ Familiarity with researching financial reporting/ accounting technical requirements
+ Experience using Axiom is a plus
**Job Band:**
H4
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
**Weekly Schedule:**
**Referral Bonus Amount:**
2000
**Job Description:**
**Group Description**
The Chief Financial Officer (CFO) Groupis responsible for the overall financial management of our company. This 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 subledger accounting; and supporting tax activities. In short, our focus in GFC is to get the numbers right and to work in support of the companys goals, most importantly responsible growth.
Centralized Regulatory Reporting (CRR)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.
**Job Description**
This position will manage a team of financial analysts is responsible for the analysis, interpretation, and documentation of the application of U.S. regulatory reporting requirements focused on deposit banking products in order to ensure adherence to requirements. Interpretation and application of regulatory requirements require extensive collaboration with all levels of business partners and regulatory agencies.
**Key Responsibilities:**
+ Manage the research, analysis, and interpretation of changes to US regulatory requirements
+ Provide guidance to the team for complex regulatory requirements, including translation and application of such into reports
+ Communicate and document the rationale for interpretation and application of regulatory requirements
+ Managerproduct specific issues management, evaluation of impact, remediation and enhancements
+ Analyze and explain resultsto senior leadership and external regulatorsincluding key business drivers of significant fluctuations
+ Manage thepreparationand review the resultsof deposit related regulatory reporting schedules
+ Examine financial information and data attributes provided by Regulatory Reporting team and other line of business members for disclosure in the Company's external regulatory reports
+ Work closely with teams across the organization including: Enterprise Stress Test, Lines of Business, Operations & Technology, Risk, Compliance, Financial Controls and Oversight, and other GFC teams and other teams across the bank.
+ Assist in regulatory reporting project to further automate data collection by communicating reporting requirements, performing testing, monitoring progress, communicating status and other activities as needed
+ The candidate must demonstrate initiative, a commitment to continuous learning, and the ability to adapt to changing demands and requirements.
+ Throughout the tenure of the role, the teammate should gainadditionalexposure and acumen in bank regulatory reporting requirements; the company's financial systems; accounting consolidation and elimination principles and processes, particularly within the context of a large financial services enterprise with many subsidiaries; and the companys deposit and credit products area of the organization, and develop or improve the following skills: regulatory knowledge and technology experience in the area of banking systems.
**Required Skills:**
+ 8-10+ years of accounting related experience
+ Bachelor degree in Accounting/Finance or related worked experience.
+ Strong understanding of balance sheet, income statement and banking products
+ Strong analytical, critical thinking and problem solving capabilities
+ Strong technical accounting skills and knowledge
+ Results driven with ability to work independently to meet deadlines
+ Excellent verbal and written, including well-developed presentation skills
+ Ability to collaborate with teammates and business partners
+ Ability to proactively identify problems and develop solutions
+ Strong Excel and PowerPoint skills
**Desired Skills:**
+ Experience managing a global reporting team
+ CPA
+ Familiarity with SAP general ledger
+ Familiarity with bank regulatory reporting requirements
+ Familiarity with researching financial reporting/ accounting technical requirements
+ Experience using Axiom is a plus
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Learn more about this role
Full time
JR-22082642
Band: H4
Manages People: No
Travel: Yes, 5% of the time
Manager:
Talent Acquisition Contact:
Jenifer Finner
Referral Bonus:
2000
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) .
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To view Bank of Americas Drug-free workplace and alcohol policy, CLICK HERE .
