Full-Time

Regulatory Relations Manager

Confirmed live in the last 24 hours

Bank of America

Bank of America

10,001+ employees

Provides banking and financial services globally

Fintech
Financial Services

Compensation Overview

$105k - $165kAnnually

+ Discretionary Incentive

Senior, Expert

Charlotte, NC, USA + 1 more

More locations: New York, NY, USA

Category
Risk & Compliance
Legal & Compliance
Required Skills
Data Analysis
Requirements
  • 7+ years of experience in risk management, enterprise-wide role, managing regulator activities or a combination of each.
  • Demonstrated ability to think strategically and execute tactically.
  • Proven ability to build and cultivate relationships both externally and internally. Demonstrate intellectual curiosity.
  • Ability to read and understand complex matters, anticipate risks and summarize key information.
  • High attention to detail and strong organizational skills.
  • Strong written and verbal communication skills with senior levels across the organization, including senior leadership.
  • Ability to overcome obstacles and solve problems quickly and efficiently. Self-starter with excellent anticipation skills; problem solving; follow up.
  • Demonstrated dependability and sense of urgency.
  • Comfortable working with people at all organizational levels. Ability to work well under pressure, adapt to unexpected events, prioritize and multi-task in a deadline driven environment.
  • Proven process design and project management skills.
  • Ability to navigate in a highly-matrix environment and proven ability to distil complex information into key messages.
  • Knowledgeable of Bank of Americas business lines, operations, organizational structure, senior executives, etc.
Responsibilities
  • Serving as the primary point of contact between the regulators and the Front Line Unit / Control Function (FLU/CF) while managing exams, inquiries and other regulatory matters in accordance with enterprise-wide standards.
  • Building strong partnerships and collaborating effectively with FLU/CF stakeholders to drive strategic Global Regulatory Relations (GRR) engagement model.
  • Managing and directing all aspects of regulatory exams to ensure consistent exam practices, successful execution, and reduction of risk exposure for the company.
  • This includes being responsive to regulatory inquiries; effectively managing ongoing supervision meetings; aiding with preparation of regulatory responses; as well as regulatory activity tracking, reporting and escalation.
  • Communicates and escalates issues and emerging risks in a timely and concise manner.
  • Partnering with GRR colleagues to share best practices, identify regulatory themes and emerging issues.
  • Providing regulator agency relationship support, as needed (logistics, technology, reporting and research).

Bank of America provides a wide range of financial services to individuals, small and medium-sized businesses, and large corporations. Their offerings include banking, investing, asset management, and risk management products. The company has a significant presence in the U.S., serving around 56 million consumer and small business accounts. Bank of America stands out from its competitors by being a leader in wealth management and corporate investment banking, which allows them to cater to a diverse clientele. The goal of Bank of America is to help their customers achieve their financial goals through comprehensive financial solutions.

Company Stage

IPO

Total Funding

N/A

Headquarters

Charlotte, North Carolina

Founded

1904

Simplify Jobs

Simplify's Take

What believers are saying

  • Focus on digital banking enhances customer experience and operational efficiency.
  • Expansion in wealth management aligns with global trends in personalized services.
  • Partnerships in blockchain solutions offer faster, secure transactions.

What critics are saying

  • Increased competition in credit facilities may impact market share.
  • Large corporations raising capital through share sales could affect liquidity management.
  • Syndicated loan platforms may disrupt traditional lending models.

What makes Bank of America unique

  • Bank of America is a leader in corporate and investment banking globally.
  • The bank is a key player in sustainable finance and green bonds.
  • It heavily invests in AI for risk management and fraud detection.

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