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Regulatory Reporting Product Specialist - Loans and Leases

Bank of America | Charlotte NC 28299 USA | Full Time | Posted: 06/24/2022

Job Descriptiontop

Job Description:

The Centralized Regulatory Reporting (CRR) 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.   CRR is seeking a highly motivated individual for a Senior Financial Analyst  position seeking to expand their knowledge and expertise.  

This position is responsible for analysis, interpretation, and documentation of the application of U.S. regulatory reporting requirements focused on loan/lease banking products in order to ensure adherence to requirements.   Interpretation and application of regulatory requirements require extensive collaboration with all levels of business partners.  


The successful candidate will join a dynamic environment that offers numerous opportunities to learn, grow, impact and drive changes for the Company. In particular, the candidate will:

  • Research, analyze, and interpret changes in US regulatory requirements
  • Provide guidance for interpreting and understanding complex regulatory requirements
  • Drive identification, remediation, monitoring and escalation of data issues for CRR as well as partner with Technology and Data Management Teams to drive improvements in data quality
  • Analyze and explain results including key business drivers of significant fluctuations.  
  • Assist in preparation of loan related regulatory reporting schedules
  • Establish working relationships with data owners across multiple lines of business to validate understanding of reporting requirements and ensure complete and timely data submissions
  • Assist in regulatory reporting project to further automate data collection by communicating reporting requirements, performing testing, monitoring progress, communicating status 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
  • Throughout the tenure of the role, the teammate should gain exposure and acumen in  bank regulatory reporting requirements and the company's financial systems

Required Qualifications & Experiences

  • 5+  years of professional experience in Accounting/Finance
  • Bachelor's degree in Accounting/Finance
  • Strong understanding of balance sheet, income statement and banking products
  • Strong analytical, critical thinking and problem solving capabilities
  • Strong technical accounting skills and knowledge
  • Results driven with ability to work independently to meet deadlines
  • Excellent verbal and written, including well-developed presentation skills
  • Ability to collaborate with teammates and business partners
  • Ability to proactively identify problems and develop solutions
  • Strong Excel and PowerPoint skills

Desired Skills:

  • Understanding of current regulatory reporting rules and regulations
  • Prior experience in the financial services industry
  • CPA

Job Band:



1st shift (United States of America)

Hours Per Week:


Weekly Schedule:

Referral Bonus Amount:


Job Detailstop

Location Charlotte, NC, 28299, United States
Categories Banking/Investment

Location Maptop

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Job Code 22007308

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