Transaction Reporting Root Cause Breach Remediation - Chester, United Kingdom - Bank of America

Bank of America
Bank of America
Verified Company
Chester, United Kingdom

2 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

beBee Recruiter
Description

Job Title:
Transaction Reporting Root Cause Breach Remediation**
Corporate Title: Vice President

Location:
Chester

To find out more about the role why not join our open briefing on:


Date: 14th November 13:30-14:00

Dial in details:
Local toll-free: | Local dial in: | International dial in:


Participant passcode:
then #**Global Access Numbers


Role Description:


Transaction Reporting Control Group is responsible for ensuring the completeness, accuracy and timeliness of the Bank's transaction reporting obligations across multiple global regulatory jurisdictions.

The global team is functionally aligned into the following teams:
Submission Control, Enhanced Quality Assurance, Delegated Reporting, Remediation, Initiatives and Governance.

  • Business Analysis throughout full project lifecycle including definition of problem statement, requirements, creation and execution of test plans, and ensuring business readiness for implementation
  • Managing the delivery of remediation items, across multiple workstreams, working with the business and technology to ensure timely remediation
  • Partners with the business SMEs, Technology and Compliance
  • Manages risk and ensures documentation is in place to record the details of project delivery and testing to audit standard
  • Day to day contact person for Technology Agile teams, providing input into scrums and creating business documentation and tracking deliverables as required
  • Working with other change teams, to identify impacts onto Transaction Reporting and ensure that appropriate UAT or Regression testing is performed
  • Managing the backreporting of all remediation items, including working with technology teams to define the requirements, and coordinate the submission of back reports

The Team:


Core Skills:


  • Basic understanding of the regulatory trade and transaction reporting landscape would be ideal
  • Familiar with MIFID regulation
  • Prepared to remain current on the regulatory reporting landscape to ensure the firm's reporting remains in step with any changes

Industry Experience:

  • Experience of working in Banking MO, Operations or other relevant functions
  • Experience in remediating transaction reporting issues, including backreporting
  • Familiar with key trade flow components: how trades are booked, cleared, captured, consumed by the reporting systems, processed, submitted to the regulatory / repository)
  • Product specific knowledge inside / outside of transaction reporting operations
  • Experience in key transaction reporting systems and how they interact with each other
Business Analysis / Project Management

  • Project experience: extensive business analysis, project management, data analysis, and testing skills are required for this role.
  • Exposure to working with remediation of regulatory misreporting is an advantage.
  • Able to translate strategies into plans that can be effectively executed
  • Indepth understanding of the FS regulatory landscape and experience in leading regulatory projects
  • Experience in aligning resources in order to deliver sustainable results

Stakeholder / Client Management:

  • Experience in managing crossfunctional senior stakeholders

Bank of America:


Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team.

A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.


In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank.

We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work.

Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success.

It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk.

Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.


Job Band:

H5


Shift:


Hours Per Week:

35


Weekly Schedule:


Referral Bonus Amount:

0
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