Bank of America Operational Risk Sr Specialist - Regulatory Reporting in Charlotte, North Carolina

Job Description:

Regulatory reporting is a critical business activity at Bank of America. The CFO Group is responsible for filing many of the bank’s regulatory reports, including those related to the bank’s Capital, Liquidity, and Financial position. The CFO Operational Risk team is responsible for independent risk oversight of the CFO regulatory reporting landscape. The CFO Operational Risk Sr. Specialist will assist in conducting oversight of the regulatory reporting control environment through risk monitoring, assessment and testing.

The Operational Risk Sr Specialist will be primarily accountable for:

  • Analyzing Quality Assurance program metrics and risk oversight outcomes in order to prioritize areas of oversight

  • Conducting Risk assessment of the control environment for regulatory reports, including review of control execution, control design, and risk-based analysis of reported items

  • Partnering with Enterprise Independent Testing to execute testing of reporting processes and controls

  • Independent re-performance of reporting controls like reconciliation and variance analysis

  • Documenting assessment plans and standard operating procedures for conducting regulatory reporting coverage

  • Compiling and communicating outcomes of coverage activities

Required Skills & Experience

  • 3+ years of relevant experience in Finance, Risk, or Audit disciplines

  • Strong analytic, logical reasoning, and problem solving skills

  • Excellent organizational skills; ability to manage multiple priorities

  • Excellent written / verbal skills; able to document work plans, execute, and formulate conclusions

  • Must be able to work independently and set goals

  • Proficiency in Microsoft Excel and PowerPoint

  • Demonstrated ability to work well on a team

Desired Skills:

  • Knowledge of Bank of America's financial and regulatory reporting systems

  • Knowledge of Bank of America's businesses

  • Experience in one or more of the following: regulatory reporting, accounting, capital management, liquidity management, audit, compliance, and risk

  • Experience with standard analytical and programing languages (SAS, SQL, VBA, etc.)

  • Test / audit plan and script development

  • General Ledger / Sub-Ledger-based reporting and analysis

  • Experience with ledger query tools (Essbase, EPM, BEx, etc.)

  • Project management experience

Enterprise Role Overview:

Responsible for assisting in the evaluation of the effectiveness of the Operational Risk Framework within a sub-LOB/ECF/Region. Responsible for assisting in the execution of one or more of the following: Complete Op Risk Assessments. Challenge and advise on LOB/ECF/Region Op Risk KRI's. Challenge LOB/ECF/Region Risk and Controls Self Assessments. Review Operational Losses for issues. Participate in Scenario Analysis and monitor gap closure. Assess effectiveness of LOB/ECF/Region Governance. Monitor levers affecting op risk capital. Analyze emerging operational risks. Participate & challenge within LOB/ECF/Region Risk/Control committees. Execute or leverage the Validated Reliance Model. Act as the ambassador of the risk culture to LOB/ECF/Region. Develop and direct staff. May direct staff. Incumbents typically have over 5+ years of risk management and LOB/ECF/Region experience.

Posting Date : 07/10/2018

Location :


  • United States

Travel : No

Full / Part-time : Full time

Hours Per Week : 40

Shift : 1st shift

Assistance for Applicants with Disabilities

Bank of America is committed to ensuring that our online application process provides an equal employment opportunity to all job seekers, including individuals with disabilities. If you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please visit the Applicants with Disabilities page at .

Diversity & Inclusion

At Bank of America, our commitment to diversity and inclusion is helping us to create not only a great place to work, but also an environment where our employees, our customers and our communities around the world can reach their goals and connect with each other. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status.

Frequently Asked Questions

Need to know how to apply online, view a list of your submitted job applications or reset your password? Visit our FAQ at section for answers to these questions and more.