Senior Financial Analyst - Reporting/Accounting Policy

Company: Disability Solutions
Location: Charlotte
Posted on: September 28, 2024

Job Description:

Job Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!Job Description:Responsible for more complex finance activities involving regulatory reporting and accounting policy. Must have strong knowledge of the SEC reporting requirements and guidelines to maintain records. Prepares required financial reports. Supports achievement of business goals by working on more complex activities or projects with others within the unit and with partners. Leads projects and coordinates resources. May provide supervision to a small staff. Can manage partner relationship.The Global Regulatory Reporting (GRR) team is part of the CFO-Global Financial Control organization. Our purpose is to drive high quality regulatory reports through operationally efficient control processes and system solutions to support the production of various regulatory reports as required by the Federal Reserve, OCC, FDIC and other regulators.This Regulatory Reporting Senior Financial Analyst position will be responsible for executing complex regulatory reporting processes to support the firm's delivery of accurate financials to regulators. Must have a strong desire to support critical, high profile financial reporting deliverables through report preparation, review, and analysis. This position is also responsible for interpretation, documentation, research, and extensive collaboration with business partners to ensure accuracy and conformance with U.S. regulatory reporting requirements. Additionally, this role will provide ad hoc support and subject matter expertise for projects, audits, governance routines, and other activities across GRR.Responsibilities:

• Prepare, review, and analyze data reported on U.S. regulatory reports (FR Y-9C, FFIEC 031, FR Y-14M, FR Y-14Q, FR Y-15).
• Execute key reporting and process controls, including period-over-period trends, variance analysis, and cross report reconciliations.
• Validate conformance with regulatory reporting instructions through a deep understanding of requirements and effective challenge of results.
• Drive identification, remediation, monitoring and escalation of issues impacting regulatory reporting as well as partner with Technology and Data Management Teams to drive improvements in data quality.
• Establish working relationships with data owners across multiple lines of business to support complete and timely data submissions.
• Provide support and subject matter expertise for data quality improvement and sourcing automation projects by communicating reporting requirements, performing UAT testing, 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.
• Provide guidance for interpreting and understanding complex regulatory requirements.Skills:
  • Analytical Thinking
  • Controls Management
  • Financial Accounting
  • Financial Analysis
  • Reporting
  • Attention to Detail
  • Oral Communications
  • Policies, Procedures, and Guidelines Management
  • Risk Management
  • Written CommunicationsRequired Qualifications:
    • 5+ years of professional experience in Regulatory Reporting
    • Knowledge and understanding of regulatory reporting instructions
    • Analytical, critical thinking and problem-solving capabilities
    • Strong technical accounting skills and knowledge
    • Able to effectively manage multiple priorities while working both independently and as part of a team
    • Excellent written and verbal communication skillsDesired Qualifications:
      • Degree in Accounting/FinanceShift:1st shift (United States of America)Hours Per Week: 40

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