Regulatory Relations Manager
Charlotte, North Carolina
Job 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!
The Regulatory Relations Manager is responsible for maintaining relationships and interactions with regulators through the execution of the overall strategy for regulatory engagement and enterprise-wide standards. This includes managing regulatory examinations, inquiries and meetings.
Additional responsibilities include:
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).
Required Skills:
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 America's business lines, operations, organizational structure, senior executives, etc.
Desired Skills:
Oral Communications
Prioritization
Project Management
Stakeholder Management
Written Communications
Active Listening
Administrative Services
Attention to Detail
Influence
Problem Solving
Collaboration
Critical Thinking
Issue Management
Quality Assurance
Regulatory Compliance
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank 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) .
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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.
