Global Financial Controls; Vice President - Senior Regulatory (15c3-3 Reporting) Controller - Team Lead
Charlotte;Jersey City, New Jersey
**Job Description:**
**The Chief Financial Officer (CFO) Group** is 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
**Senior Regulatory Reporting Team Lead** role is within the CRR Broker Dealer organization responsible for the preparation and review of Regulatory Reporting calculations (SEC Rule 15c3-3) for locally regulated entities including broker dealers, swap dealers and other legal entities. Responsible for reviewing and enhancing control processes, and approve data submissions for reporting team.
**_Description:_**
Experienced professional in broker dealer regulatory reporting focusing on 15c3-3 reserve reporting requirements. Reviews periodic regulatory calculation and control processes for U.S. regulated broker dealer entities, assist in advancing operating model through management and development of junior team members.
+ Senior Regulatory Controller Team Lead 15c3-3
+ Preparation, review and approval of daily and month end 15c3-3 Reserve Formula computation.
+ Responsible for the maintenance of 15c3-3 reserve procedures, control documentation and spreadsheet compliance.
+ Responsible for responding to queries from business partners related to the daily 15c3-3 computation.
+ Interacting and providing support to FINRA, SEC, CFTC, Internal, and public auditors
+ Review and preparation of month end 15c3-3 schedules for FOCUS Reporting
+ Supervising offshore team for tasks related to 15c3-3 computations
+ Assist in team development and training
+ Lead Operational Excellence (OpEx) initiatives to streamline processes improvements
**_Required Skills:_**
+ +10 years of professional experience supporting 15c3-3
+ Bachelors degree (or higher) (finance or accounting strongly preferred)
+ Strong control mindset
+ Ability to work on multiple, complex tasks simultaneously and against aggressive deadlines
+ Strong problem solving skills and analytical abilities
+ Strong organizational,communication and presentation skills
+ Ability to work well both independently, within the team and collaboratively across the organization.
+ Strong attention to details
+ Advanced experience/skills with Excel
**_Desired Skills:_**
+ Previous experience in the financial services industry
+ FINRA Series 99 or 27 licensed
+ CPA or equivalent a plus
**Bank of America commitment to Diversity and Inclusion statement**
Were a culture that:
+ Believes in responsible growth and has a proven dedication to supporting the communities we serve.
+ Provides continuous training and developmental opportunities to help people achieve their goals, whatever their background or experience.
+ Believes diversity makes us stronger, so we can reflect, connect to and meet the diverse needs of our clients and customers around the world.
+ Is committed to advancing our tools, technology and ways of working. We always put our clients first to meet their evolving needs
**Job Band:**
H4
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
**Weekly Schedule:**
**Referral Bonus Amount:**
2000
**Job Description:**
**The Chief Financial Officer (CFO) Group** is 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
**Senior Regulatory Reporting Team Lead** role is within the CRR Broker Dealer organization responsible for the preparation and review of Regulatory Reporting calculations (SEC Rule 15c3-3) for locally regulated entities including broker dealers, swap dealers and other legal entities. Responsible for reviewing and enhancing control processes, and approve data submissions for reporting team.
**_Description:_**
Experienced professional in broker dealer regulatory reporting focusing on 15c3-3 reserve reporting requirements. Reviews periodic regulatory calculation and control processes for U.S. regulated broker dealer entities, assist in advancing operating model through management and development of junior team members.
+ Senior Regulatory Controller Team Lead 15c3-3
+ Preparation, review and approval of daily and month end 15c3-3 Reserve Formula computation.
+ Responsible for the maintenance of 15c3-3 reserve procedures, control documentation and spreadsheet compliance.
+ Responsible for responding to queries from business partners related to the daily 15c3-3 computation.
+ Interacting and providing support to FINRA, SEC, CFTC, Internal, and public auditors
+ Review and preparation of month end 15c3-3 schedules for FOCUS Reporting
+ Supervising offshore team for tasks related to 15c3-3 computations
+ Assist in team development and training
+ Lead Operational Excellence (OpEx) initiatives to streamline processes improvements
**_Required Skills:_**
+ +10 years of professional experience supporting 15c3-3
+ Bachelors degree (or higher) (finance or accounting strongly preferred)
+ Strong control mindset
+ Ability to work on multiple, complex tasks simultaneously and against aggressive deadlines
+ Strong problem solving skills and analytical abilities
+ Strong organizational,communication and presentation skills
+ Ability to work well both independently, within the team and collaboratively across the organization.
+ Strong attention to details
+ Advanced experience/skills with Excel
**_Desired Skills:_**
+ Previous experience in the financial services industry
+ FINRA Series 99 or 27 licensed
+ CPA or equivalent a plus
**Bank of America commitment to Diversity and Inclusion statement**
Were a culture that:
+ Believes in responsible growth and has a proven dedication to supporting the communities we serve.
+ Provides continuous training and developmental opportunities to help people achieve their goals, whatever their background or experience.
+ Believes diversity makes us stronger, so we can reflect, connect to and meet the diverse needs of our clients and customers around the world.
+ Is committed to advancing our tools, technology and ways of working. We always put our clients first to meet their evolving needs
**Shift:**
1st shift (United States of America)
**Hours Per Week:**
40
Learn more about this role
Full time
JR-22072672
Band: H4
Manages People: No
Travel: No
Manager:
Talent Acquisition Contact:
Jenifer Finner
Referral Bonus:
2000
Jersey City pay and benefits information
**Jersey City pay range:**
$140,000 - $185,000
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, 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.
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 .
