Regulatory Relations Executive
Bank of America
Regulatory Relations Executive
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 Executive is responsible for developing, maintaining, and leading strong relationships and interactions with regulators. This includes providing leadership and strategic direction during regulator examinations, inquiries, and meetings for the Global Technology organization.
Additional responsibilities include:
+ Developing and implementing the overall strategy for regulatory engagement, ensuring transparency and consistency of communications, providing oversight and guidance on the quality of regulatory responses and ensuring adherence to enterprise-wide requirements.
+ Developing and managing strong relationships across Global Regulatory Relations (GRR) and Front Line Unit / Control Function (FLU/CF) management, providing leadership and guidance on exams, inquiries and other regulatory matters.
+ Serving as primary point of contact and escalation between the regulators and the FLU/CF during supervision engagement activities including: exams, meetings and ad-hoc inquiries.
+ 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.
+ Developing standards, processes, tools and training for GRR team (exams, routines, and inquiries).
+ Continuously assessing and enhancing the GRR coverage model and processes, improving the quality and execution of exams, improving the quality of our regulatory experiences, and identifying new tools and approaches to improve effectiveness and efficiencies.
+ Identifying, assessing, and communicating emerging regulatory issues, themes and trends based on various information gathering methodologies, sources and through overseeing regulatory engagements and exam activities.
+ Engaging with various industry and advocacy groups focused on regulatory events, policies, etc.
+ Providing leadership direction, attracting, assessing, developing, motivating broader work team, as well as ensuring a positive team culture.
**Required Skills:**
+ 10+ years of experience in risk management, enterprise-wide role, managing regulator activities or a combination of each.
+ Deep knowledge of the company’s businesses and products
+ Proven executive presence
+ Ability to cultivate a positive team culture, and ensure broader collaboration across the enterprise
+ Strong interpersonal skills and proven ability to build and cultivate relationships both externally and internally
+ Outstanding verbal and written communication skills; ability to simplify and summarize complex topics
+ Proven presentation skills: ability to present key messages, recommendations and information in a clear, concise and insightful way and synthesize information key to relevant points
+ Ability to influence effectively at all levels within the organization
+ Ability to analyze and present regulatory data and information
+ Strategic thinker comfortable with the senior management level
+ Ability to think “outside of the box” and demonstrate an enterprise mindset
**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) .
To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.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.
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