Regulatory Reporting Controller

  • Competitive
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Bank of America Merrill Lynch
  • 15 Jul 18 2018-07-15

Regulatory Reporting Controller

Job Description:
Corporate Title: Assistant Vice President
Location: London
Line of Business: CFO - Projects team

Want to work in a role that offers variety in your day where no 2 days will be the same? Do you want to work for a team that offers flexibility to do things your own way rather than following a structured process?

We are currently recruiting for a Regulatory Reporting Controller in the Projects team in London where the individual will be responsible for submitting returns to UK regulator, capital forecast, planning and resolution, and providing subject matter expertise on transactions and internal strategic projects. They will also assist in process improvements, technology specification and testing.
The ideal candidate does not necessarily need to have prior knowledge of regulatory regulations, but rather this role allows the opportunity to build this knowledge once in the role. As this position is within the projects team this will give the successful candidate exposure across teams and to senior management. You will open yourself to a lot of opportunities within the Bank and you will have the opportunity to speak to high level people in the Bank.

What will your responsibilities include?

  • Partnering across teams to prepare the Internal Capital Adequacy Assessment Process (ICAAP). This includes working with lines of business heads, Financial Planning and Analysis, Stress Testing, Risk, Compliance and Internal Audit teams
  • Supporting our US colleagues to complete the Global Recovery and Resolution Planning (GRRP) and our local counterparts for the Resolution Planning Process (RRP)
  • Assisting in the Solvent Wind Down (SWD) submission to the Prudential Regulation Authority (PRA)
  • Performing analysis and capital forecasting
  • Preparing components of quarterly regulatory reporting to the PRA
  • Supporting the preparation of external and internal ad-hoc requests in respect of regulatory information
  • Collaborating with the team to design and develop tools to facilitate capital analysis and reporting. This includes providing input into the new regulatory infrastructure project to enhance our capital calculations and disclosures reporting
  • Conducting research on regulatory requirements, assisting with the preparation of capital impact analysis and presentation on proposed and upcoming regulatory rule reforms
  • Contributing to the analyses and implementation of new European capital requirements

What skills/competencies will you possess?

  • Project Management skills
  • Communication
  • Good analytical skills

  • Strategic Thinking: Attention to detail but also the ability to look at the bigger picture
  • Drives Operational Excellence: Proactive, self-motivated, organized individual with a high level of ownership
  • Promotes Collaboration: demonstrates and encourages collaboration, connection, and teamwork within and beyond his/her team
  • Learns and adapts: Is intellectually curious; constantly seeks to learn and advance his/her knowledge
  • Control focused mentality: Proactively identifies and escalates concerns/issues with a sense of urgency

About Bank of America Merrill Lynch

Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses.

The company has had a presence in EMEA since 1922. With offices in 23 countries on three continents, it offers an integrated and comprehensive set of products and services across Global Corporate and Investment Banking, Global Markets and Consumer Card, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise. Developing solutions for social and environmental challenges is at the core of Bank of America Merrill Lynch's responsibility platform. In more than 90 countries around the world, we partner with employees, clients and stakeholders to help make financial lives better.


If you're interested in this opportunity please send your details to us by applying online.

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We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.