Enterprise Position Monitoring & Disclosures Central Lead

Bank of America

  • London
  • Permanent
  • Full-time
  • 16 days ago
Job Description:Job Title: Enterprise Position Monitoring & Disclosures Central LeadCorporate Title: Up to DirectorLocation: LondonCompany Overview:At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being a diverse and inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!Location Overview:Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.Role Description:This job is responsible for managing a major component of a product line, function, or multiple operations units within a large segment of the company's operations support functions. Key responsibilities include developing and implementing processes, programs, and systems to improve efficiency and ensure operational quality standards are met. Job expectations include managing two or more levels of managers.The Enterprise Position Monitoring and Disclosures (EPMD) team is part of the Global Markets Non-Financial Regulatory Reporting department. The is a global function with three regional hubs covering the Americas, Asia Pacific and EMEA regions respectively. The regional teams monitor and disclose relevant positions and transactions under the regional substantial shareholdings, takeovers, residual short positions, and other regulatory position limits rules.The EPMD Central lead will have dual regional and horizontal scope – primarily managing EPMD monitoring and disclosure preparation of non-financial regulatory reports under the relevant regulatory reporting laws (substantial shareholdings, takeovers, short positions, issuer requests and industry limits) in the EMEA region. Additionally, the role will have central responsibilities to drive functional transformation, establish & manage consistent cross regional global processes.Responsibilities:
  • Managing completion of all regulatory reporting obligations aligned to substantial shareholdings, takeovers, short positions, and other regulatory position limits in EMEA.
  • Oversee issue resolution arising from disclosures and discussing such issues with other Non-Financial Regulatory Reporting (NFRR) and Global Compliance & Operational Risk colleagues and work closely with the Front-Line Units.
  • Oversee the analysis of new rules and regulations pertaining to the monitoring and reporting of holdings of publicly traded equity and equity linked financial instruments as needed.
  • Acting as main regional subject matter expert and primary contact for the Front-Line Unit Businesses, Line of Business Compliance and legal team on shareholder disclosure matters.
  • Establishing and supervising effective monitoring processes and routines to ensure compliance with applicable industry and equity ownership limits throughout the region.
  • Drive the execution of the governance framework over non-financial regulatory reporting & adherence to relevant internal BAC policies.
  • Drive organizational transformation strategy to establish operational mindset and metrics driven culture across the global EPMD function.
  • Refine and if required establish consistent global processes to support global counterparts on regulatory change management, operating model with second line advisory as well as control room functions.
  • Support management team with resource and organizational strategy to effectively leverage global teams including captive set up to reduce key person risk and also effectively managing cost of regulatory compliance.
  • Oversee the training and development of the Enterprise Monitoring & Disclosures team members and support their career development.
  • Engages with stakeholders to identify issues and control improvements for remediation and ensures issue resolution.
  • Participates in developing long-range strategic plans and develops and implements short-term tactical and profit plans.
  • Ensures operational quality and customer service levels are maintained in a cost effective manner.
  • Participates in implementation of updates and changes that affect operation segments and monitors performance to ensure operational quality standards are met.
  • Manages functions carrying a substantial risk of exposure and potential loss with significant impact on major corporate customer relationships.
Managerial Responsibilities:This position may also have responsibilities for managing associates. At Bank of America, all managers at this level demonstrate the following responsibilities, in addition to those specific to the role, listed above.
  • Opportunity & Inclusion Champion: Breaks down barriers to create a more inclusive environment that supports company Great Place to Work goals.
  • Manager of Process & Data: Challenges end-to-end process efficiency and effectiveness, champion data driven decision-making and removes obstacles to optimize operations.
  • Enterprise Advocate & Communicator: Contributes to enterprise strategy and influence messaging to connect team contributions to business purpose, results, and success.
  • Risk Manager: Inspects and challenges risk controls, governance and culture to ensure the timely identification, escalation, debate and remediation of risk across the organization.
  • People Manager & Coach: Coaches to sustain and elevates organizational performance while differentiating to ensure pay for performance.
  • Financial Steward: Efficiently allocates and manages resources across the organization to drive short- and long-term profitability.
  • Enterprise Talent Leader: Inspects and manages the health of the bench to ensure succession for the organization, while supporting enterprise talent needs.
  • Driver of Business Outcomes: Mobilizes organizational resources to deliver the full range of the bank’s capabilities to meet client needs and to gain competitive advantage.
What we are looking for:
  • You will have great knowledge of financial markets, banking industry, equity and derivative products.
  • Knowledge of the key regulations concerning shareholder position reporting globally with specific emphasis to EMEA region (i.e.: EU Transparency Directive, UK DTR5, UK Takeover Code Rule 8)
  • Proven experience with enterprise position monitoring & disclosures (also known as position reporting, shareholder disclosures, disclosure of interest) and sensitive industry, hard limit laws, rules and regulations, preferably in a management capacity.
  • Prior experience in transformative capacity (both systems and processes) to meet complex reporting requirements.
  • Previous experience in discussing global markets transactions with the Business and explaining the applicable regulatory disclosure obligations and/or relevant restrictions.
  • The ability to work under pressure and within tight deadlines to a consistently high level of accuracy.
  • Effective technical skills (i.e. Excel, and other similar applications) with experience in analysing, manipulating and reporting from large sets of structured data (e.g. books and records data).
  • Excellent interpersonal skills with all levels of employees, conflict management
  • Discrete when handling confidential information.
  • Able to demonstrate a high level of integrity with a mature approach to work.
Skills that will help (optional):
  • Previous experience as department Head for the equivalent function
Benefits of working at Bank of AmericaUK
  • Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
  • Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
  • 20 days of back-up childcare including virtual tutoring and 20 days of back-up adult care per annum
  • The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc
  • Use of a flex fund to use towards benefits
  • Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services
  • Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
  • Opportunity to access our Arts & Culture corporate membership programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions
  • Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area
Bank of AmericaGood conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.

Bank of America