Change Management Lead - Non-Financial Regulatory Reporting (Nfrr)

Bank Of America Corporation Jersey City , NJ 07097

Posted 2 weeks ago

Job Description:

The Change Management Lead will be a senior member of the enterprise non-financial regulatory reporting (NFRR) group in Chief Data Office (CDO) organization and will play a vital role in establishing strategy and processes for managing regulatory, business, operational and technological changes affecting NFRR reporting across enterprise (GBAM, Consumer, GWIM and Control Functions). The Change Management Lead will report to the Regulatory Interpretation Lead.

The Change Management Lead will be responsible for:

  • Monitoring regulatory landscape for new regulations and regulatory changes applicable to non-financial regulatory reporting, working in conjunction with Compliance

  • Monitoring business, operational and technological changes across the firm applicable to non-financial regulatory reporting, working in conjunction with partners in LOBs and control functions

  • Designing a system of advance notification of relevant changes and preparing terms of engagement with relevant stakeholders across the firm

  • Conducting impact analysis of changes and submitting corresponding change control requests to the NFRR Issue Management Team

  • Designing work plans for implementing changes within the Regulatory Interpretation workstream

  • Leading projects for regulatory change implementation

  • Providing expert guidance to stakeholders on substantive requirements for implementing regulatory changes

  • Analyzing regulatory issues and preparing responses to regulatory inquiries affecting NFRR

  • Identifying interpretive decisions and assumptions from BAC Legal and Compliance and from regulators and other third parties and mapping to applicable reporting regulations

  • Collaborating with Legal, Compliance and other stakeholders on regulatory areas requiring further escalation and involvement

  • Designing QA routines and metrics capture to track, monitor and control change implementation

Required Skills:

  • Possess 5+ years of experience in compliance field with expertise in analysis of law, rules and regulations and regulatory change management; or 5+ years in equivalent change management space focusing on operations or risk within a banking or markets environment

  • Extensive subject matter expertise in regulatory compliance, risk or operations for one or more of the following domains: Securities and Derivatives, Global Markets, Global Banking or Wealth Management.

  • Strong analytical skills with ability to analyze impacts of changes in regulations, business and operational processes

  • Significant experience responding to regulatory inquiries and issues and implementing corresponding remediation plans

  • General experience working in a compliance and / or operations environment within a broker-dealer organization is desired along with excellent understanding of broker-dealer trading, products and instrument lifecycles

  • Strong background in people management with demonstrated abilities to manage and mentor analyst-level staff

  • Ability to effectively manage day-to-day interactions and relationships with a diverse group of colleagues in the front office and legal / compliance and other control functions

  • Excellent written and oral communication skills. Ability to communicate complicated issues succinctly and pointedly, organized with exceptional clarity

  • Skilled in developing broad internal and external networks of stakeholders and collaborators, and capable of cultivating strong interpersonal relationships

Desired Skills:

  • University degree, advanced degree desirable

  • Metrics/Key Control Implementation

  • Change management expertise

Posting Date: 03/07/2019

Location: Jersey City, NJ, 101 HUDSON ST (NJ2101), - United States

Travel: No

Full / Part-time: Full time

Hours Per Week: 40

Shift: 1st shift

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Change Management Lead - Non-Financial Regulatory Reporting (Nfrr)

Bank Of America Corporation