Bank of America Senior Financial Analyst - Fin Bus Support in Charlotte, North Carolina
The Global Regulatory Reporting Control Oversight (GRRCO) Review Senior Financial Analyst is responsible for assisting with governance and oversight of enterprise-wide internal control over regulatory reporting to mitigate the risk of material omissions, errors or weaknesses in internal control over regulatory reporting. This includes assisting with:
Project management, oversight and reporting
Maintenance and monitoring adherence to the regulatory reporting internal control methodology
Training and support for business partners on the application of the methodology
Determination and application of materiality and scoping
Development and maintenance of supporting infrastructure and technology
Documentation and assessment of internal control weaknesses and data errors or omissions
The position reports directly to GRRCO Manager in the Financial Control Oversight (FCO) organization.
About the GRRCO team
The GRRCO team is responsible for:
Developing a consistent control framework based on COSO principles in which regulatory reporting business processes must operate (e.g., consistency across Basel, CCAR, Y-9C, liquidity and other regulatory reports); Ensuring appropriate convergence/integration with existing control frameworks such as SOX Internal Control over Financial Reporting and other control, risk, compliance and audit policies/procedures and guidelines.
Deploying consistent guidelines for assessment of materiality; applying materiality to regulatory reports to determine in-scope areas; performing risk assessments and gap analysis with partners and prioritizing gap closure; consulting and advising senior management on execution of regulatory reporting within the internal control framework; evaluation of internal control findings and data errors or omissions for proper escalation and reporting, etc.
Providing assurance services through application of a risk based framework to review amounts included in regulatory reports to source records. Includes prioritization of attributes; application of sampling methodology; determining nature and timing of review procedures; executing reviews; assessing results for proper escalation and reporting, etc.
Prioritizing compliance with the recently issued Federal Reserve ruling requiring the CFO to make an attestation regarding the collection and preparation of the FR Y-14 A/Q/M reports and related internal controls.
Driving change by influencing and partnering with senior management across the organization, including Enterprise Scenario Planning and Execution, Regulatory Reporting, Enterprise Data Management, Balance Sheet Capital Management, Corporate Audit, Finance, Compliance, Operational Risk and others.
Bachelor's degree or equivalent (Accounting and/or Finance strongly preferred)
3+ years of relevant audit, risk or compliance control experience, specifically in areas of accounting, finance, regulatory reporting or SOX internal controls.
Strong relationship management skills.
Proven ability to manage multiple and often competing priorities.
Strong executor that is able to drive progress on priorities and issues.
Ability to communicate in a clear and concise manner.
Graduate degree and CPA designation
Strong MS PowerPoint skill
Posting Date : 05/10/2017
Charlotte, NC, ONE BANK OF AMERICA CENTER, 150 N COLLEGE ST,
- United States
Travel : Yes, 5% of the time
Full / Part-time : Full time
Hours Per Week : 40
Shift : 1st shift
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