Program Governance Manager- Financial & Regulatory Reporting Control OversightCharlotte, North CarolinaJob Description:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!General Job Description:Responsible for providing risk oversight and advice and counsel to the LOB. Establish risk management policies, limits, standards, controls, metrics and thresholds within the defined corporate standards. Ability to recognize all risk categories including credit, market, operational and compliance and bringing appropriate risk expertise as needed. Accountable for conducting execution of risk framework activities including, but not limited to, independent monitoring and testing of controls and risk management processes for the LOB. Establish and oversee the risk management governance structure for the LOB.Line of Business Job Description:The Program Governance Manager is responsible for assisting with governance and oversight of enterprise-wide internal control programs over Financial Reporting (SOX), Regulatory Reporting (FR Y-14 CFO Attestation), and Compliance Reporting (17a-5 Broker-Dealer) to mitigate the risk of material weaknesses in internal controls and/or materials omissions/errors in data.This includes assisting with:
Research and maintenance of enterprise-wide program requirements for Financial, Regulatory and Compliance Reporting (Policies, Standards and Guidelines) including: the assessment of materiality; scoping and application of materiality to determine in-scope areas; requirements for the internal control inventories and risk assessments; and the process for evaluating internal control findings for proper escalation and reporting
Working directly with the lines of business to complete tollgates and ensuring documentation is accurate and robust
Training and support for business partners on requirements
Monitoring adherence to requirements
Assessing and documenting internal control weaknesses
Preparing executive and board level materials on program status and findings
Partnering with external and internal auditors to drive the soundness and successfully execution of internal control programs
Staying current on new technical literature applicable to all programs (e.g., PCAOB guidance, SEC, FRB requirements related to FR Y-14 reporting, etc.)
The position reports directly to the Financial & Regulatory ReportingControlsGovernanceExecutive in the CFO Operational Risk and Controls Oversight (CFO ORCO) organization.The Financial & Regulatory Reporting Controls - Program Governance team is responsible for:
Developing and maintaining enterprise-wide policies, procedures, standards and training for SOX Compliance, Broker-Dealer 17a-5 Compliance, Internal Control requirements for US Federal Reserve Bank filing for Capital & Stress Testing (FR Y-14 A/Q/M reports) in support of CFO Attestation, andESG reporting.
Deploying consistent guidelines for assessment of materiality; applying materiality to reports to determine in-scope areas; performing risk assessments and gap analysis with partners and prioritizing gap closure; consulting and advising senior management on execution of reporting within the internal control framework; evaluation of internal control findings and data errors/omissions for proper escalation and reporting, etc.
Driving compliance to requirements and continuous process improvement by influencing and partnering with enterprise wide partners and executives including Global Financial Control (including Centralized Regulatory Reporting), Enterprise Stress Testing, Enterprise Data Management, Treasury, Corporate Audit, Finance, Compliance, Operational Risk and others.
Supporting other teams within CFO ORCO by providing subject matter expertise on internal controls
Developing and presenting materials on the status and results of the program to senior executives across the company including councils and committees charged with oversight responsibilities.
Required Qualifications: Bachelor's degree orequivalentwork experience 8+ years of relevant audit, risk or compliance control experience, specifically in areas of accounting, finance, regulatory reporting or SOX internal controls Experience with SOX compliance and knowledge of legal, regulatory and industry requirements Strong relationship management skills Proven ability to manage multiple and often competing priorities Strong executor that is able to drive progress on priorities and issues Ability to communicate in a clear and concise mannerDesired Qualifications: Graduate degree Bachelor's degree in Accounting and/or Finance CPA designation Strong MS PowerPoint skillsSkills:
Analytical Thinking
Coaching
Critical Thinking
Liquidity Management
Collaboration
Oral Communications
Portfolio Analysis
Presentation Skills
Written Communications
Credit and Risk Assessment
Issue Management
Monitoring, Surveillance, and Testing
Regulatory Compliance
Technical Documentation
Shift:1st shift (United States of America)Hours Per Week:40Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCPEEOSupplementFinalJRFQA508c.pdf) .Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.To view Bank of America’s Drug-free Workplace and Alcohol Policy, CLICK HERE .This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.