• Bank of America
  • Jersey City , NJ
  • Bilingual/Interpretation/Translation
  • Full-Time
  • 10 Bayside Terrace

Job Description The Regulatory Interpretation Analyst will be part of the enterprise non-financial regulatory reporting (NFRR) group in Chief Data Office (CDO) organization and will play a vital role in documenting regulatory requirements for regulatory reporting across enterprise (GBAM, Consumer, GWIM and Control Functions), with a focus on GBAM regulatory reporting in AMRS region. The Regulatory Interpretation Analyst will be responsible for Analyzing laws, rules and regulations to determine regulatory reporting requirements and their applicability to BAC Determining the jurisdictions, legal entities, businesses and products in scope for applicable regulatory reporting requirements Monitoring regulatory landscape for new regulations and regulatory changes applicable to non-financial regulatory reporting Mapping capturing applicable regulations within regulatory reporting database (Blueprint) Working with front-office representatives and report owners to derive the relevant business requirements from applicable regulatory requirements Working with the Regulatory Reporting and Data Technology groups to develop data dictionaries and report generation playbooks for regulatory reports Consulting with Data Technology group to help identify common data requirements across reports to achieve optimal data compression Identifying interpretive decisions and assumptions from BAC Legal and Compliance and from regulators and other third parties and mapping to applicable reporting regulations Evaluating regulatory changes, business changes and other trigger events for impact upon regulatory requirements, business requirements and reporting data Collaborating with Legal, Compliance and other stakeholders on regulatory areas requiring further escalation and involvement Remediating regulatory interpretation issues Working together with other regulatory interpretation analysts to establish regulatory interpretation strategy, standards and processes, including QA processes Required Skills Possess 4 years of experience as a legal compliance professional with expertise in analysis of law, rules and regulations in AMRS jurisdictions Extensive subject matter expertise in regulatory interpretation for one or more of the following domains Securities and Derivatives, Global Markets, and or Global Banking. Desirable for candidate to also have experience or familiarity with Anti-Money Laundering, Escheatment, Consumer Mortgage, Commercial Lending or HR regulatory reporting areas General experience working in a legal or compliance environment in Global Banking Markets organization is desired along with excellent understanding of Banking Markets businesses, trading, products and instrument lifecycles Ability to effectively manage day-to-day interactions and relationships with a diverse group of colleagues in the front office and 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 Law degree preferred Shift 1st shift (United States of America) Hours Per Week 40 Date Posted 882### ####0 AM

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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