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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates' physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
Global Payments Solutions (GPS) turns technological advances into treasury solutions. GPS offer a smarter, more sophisticated treasury relationship that redefines insights, delivers efficiency and helps our clients stay ahead.

The Global Payments Solutions Non-Financial Regulatory Reporting Center of Excellence (GPS NFRR COE) centrally manage the ownership of GPS NFRRs. As a GPS NFRR COE Report Owner at Bank of America, you'll play a critical role in ensuring compliance with regulatory reporting requirements and developing and maintaining business requirements, procedures and processes to ensure accurate, complete, and timely submission of regulatory reports in conformance with regulatory instructions. We're looking for someone with a passion for the financial industry and a commitment to producing high-quality work. The ideal candidate for this role will have a minimum of 8 years of experience in regulatory reporting, cash management or trade finance. To succeed in this role, you must possess excellent communication and problem-solving skills and a strong attention to detail.

Responsibilities:

• Responsible for accurate, complete, and timely submission of NFRRs in conformance with regulatory instructions.
• Develop and maintain business requirements, procedures and processes to ensure accuracy and efficiency of all regulatory reporting activities and ensure compliance with applicable regulatory reporting requirements.
• Partner closely with risk function colleagues to identify, understand, and implement new regulatory reporting requirements.
• Collaborate with governance team on governance procedures, error escalation and issue management process.
• Troubleshoot and drive the resolution of issues related to regulatory reporting.
• Participate in audit/regulatory exams/compliance assessments/key governance forums.

Requirements:

• Candidate will be a self-motivated, keen attention to detail, and a high energy level individual.
• University degree with 5+ years working experience in banking or finance industry.
• Proficiency in English and Korean languages.
• Good knowledge in Transaction Banking products offered by global financial institution.
• Excellent professional skills, including verbal and written communication, presentation, time management and stakeholder management.
• Experience in interacting with regulatory agencies, internal audits and/or reg exams.
• Demonstrate critical-thinking and problem-solving skills.
• Prior experience in Transaction Banking and knowledge in Tax regulations/reporting will be a plus.
• Proficiency in additional languages (e.g. Thai, Japanese, Mandarin, Bahasa Indonesia) will be a plus