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Regulatory Relations Specialist

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Bank of America

9d ago

  • Job
    Full-time
    Mid & Senior Level
  • Government & Politics
    Banking & Finance
  • London

AI generated summary

  • You should have regulatory relations experience, strong organizational and analytical skills, effective communication, and proficiency in MS Office. Be a self-starter who works well under pressure and in teams.
  • You will manage regulator onboarding, access, and onsite needs, schedule regulatory meetings, handle inventory, process FCA invoices, and conduct audits and access reviews.

Requirements

  • Prior Regulatory Relations experience or experience interacting with regulators is highly desirable
  • Excellent organizational skills with a keen ability to prioritize daily tasks with project work as well as ad hoc requests
  • Proven verbal and written communication skills and presentation skills.
  • Strong analytical skills.
  • Ability to work under pressure, calmly within tight deadlines and escalate appropriately.
  • Able to develop and maintain good working relationships.
  • Self-starter, motivated and reliable; ability to work well and seamlessly within a team without a continuous high level of guidance.
  • Proficiency in using MS Word, Excel, PowerPoint, SharePoint and WebEx.

Responsibilities

  • Onboarding and offboarding Bank regulators and consultants
  • Granting and revoking system access (HVD/BAC network, internal applications, etc.) and conducting access reviews
  • Managing space requirements and building access when regulators are on-site for meetings or exams
  • Issuing laptops or Chromebooks when necessary, and managing the inventory
  • Serving as a liaison to Global Information Security (GIS), and acting as the main point of contact for any escalations (ex: blocked sites/transmissions that may interfere with timely exam deliverables)
  • Liaising with facilities regarding onsite set up (ergonomic chairs, waste bins, wifi, access to printers)
  • Scheduling UK and France Adhoc & Routine Regulatory meetings (incl. preps and debrief session/ booking meeting rooms)
  • Mailbox & Calendar management - maintaining regulatory routines in GRR Portal
  • Routine, Inventory, and Exam Approvals for EMEA
  • GRR SharePoint Access & Controls / ECB portals access management (can only be aligned to one EU LE)
  • Assisting with GRR Portal clean-up exercises (example, ERH changes for inquiries / exams)
  • EMEA regulatory contact quarterly refresh
  • Processing FCA invoices and tracking submissions YoY (4-6 times a year)
  • FCA Fees & Levies submission – annual collation of data and submission on FCA portal
  • ACR Building access quarterly audits (France, Ireland, UK) / trading floor access audits (UK)

FAQs

What is the location of the Regulatory Relations Specialist position?

The position is located in London.

What is the corporate title for this position?

The corporate title for this position is Assistant Vice President.

What is the main purpose of the Regulatory Relations Specialist role?

The main purpose of the role is to support the Global Regulatory Relations team in EMEA, providing operational support to exam teams and facilitating interactions with regulatory agencies.

What responsibilities will I have in this role?

Responsibilities include onboarding and offboarding regulators, granting and revoking system access, managing space requirements, scheduling meetings, processing FCA invoices, and maintaining regulatory routines.

Is prior experience in regulatory relations necessary for this job?

Yes, prior Regulatory Relations experience or experience interacting with regulators is highly desirable.

What skills are important for this position?

Important skills include excellent organizational skills, strong verbal and written communication abilities, analytical skills, and the ability to work under pressure.

What kind of benefits does Bank of America offer for this position?

Benefits include private healthcare for you and your family, a competitive pension plan, access to employee assistance programs, childcare support, and opportunities for community volunteering and skill development.

What is the work culture like at Bank of America?

Bank of America is committed to being a diverse and inclusive workplace, valuing collaboration and flexibility among employees for responsible growth.

How often do I need to interact with regulatory agencies in this role?

The role requires close interaction with regulatory agencies, GRR executives, and exam teams, which can be frequent, especially during examinations.

Are there opportunities for career growth within this position?

Yes, working at Bank of America provides opportunities to learn, grow, and make an impact, paving the way for career progression.

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Bank of America

Helping to make financial lives better through the power of every connection.

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Mission & Purpose

Bank of America is one of the world's largest financial institutions, serving individuals, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company serves approximately 56 million U.S. consumer and small business relationships. It is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading. This LinkedIn company page is moderated. For more information, please visit: https://bit.ly/32FDdQr. For account issues, please visit: https://bit.ly/2GeTIeP.

Culture & Values

  • Deliver together

    We believe in the importance of treating each client and teammate as an individual and treating every moment as one that matters. We strive to go the distance to deliver, with discipline and passion. We believe in connecting person-to-person, with empathy and understanding. We believe everything we do for our clients, teammates and the communities we serve is built on a solid business foundation that delivers for shareholders.

  • Act responsibly

    We believe that integrity and the disciplined management of risk form the foundation of our business. We are aware that our decisions and actions affect people’s lives every day. We believe in making decisions that are clear, fair and grounded in the principles of shared success, responsible citizenship and community building.

  • Realize the power of our people

    We strive to help all of our employees reach their full potential. We believe that diverse backgrounds and experiences make us stronger. We respect every individual and value our differences - in thought, style, sexual orientation, gender, gender identity and expression, race, ethnicity, culture, age, ability and experience.

  • Trust the team

    We believe great teams are built on mutual trust, shared ownership and accountability. We act as one company and believe that when we work together, we best meet the full needs of our clients, and deliver value to our shareholders.