Associate; Business Support Associate

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits.

We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve.

Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for supporting Business Managers by completing administrative and financial functions for a group. Key responsibilities include supporting financial reporting, budgeting/forecasting, client data management, oversight of audit/compliance requirements, business planning and preparing presentations for senior management. Job expectations include being able to work effectively in multiple facets of business support and administration.

Responsibilities:

• Perform the materiality assessment process on high, medium, and low risk reports that have identified and reported breaches/issues within the GM NFRR program.
• Participate in annual attestation process for GM high risk reports and create/update GM Audit issues in Central Issues Management System.
• Provide support to Audit Issue Owners and delegate to ensure that audit issues are properly maintained and tracked throughout the process.
• Handle various ad hoc requests relating to data gathering for Audit, Regulatory and Management requests.
• Perform quality assurance process on laws, rules and regulatory changes that affect GM Non-Financial Regulatory Reporting to ensure such changes are fully implemented.
• Analyze monthly metrics reported on Late submission, Resubmissions, and Total Number of Errors across the GM NFRR Inventory.
• Build out automation and improve the Quality Assurance Process.
• Perform Quality Assurance on Report Preparer and Manual Data Provider Procedures to ensure adherence and compliance to the Enterprise Policy Requirements.
• Remote work may be permitted within a commutable distance from the worksite.

Required Skills & Experience:

• Bachelor's degree or equivalent in Business Administration, Accounting, Finance, or related: and
• 2 years of experience in the job offered or a related Finance occupation.
• Must include 2 years of experience in each of the following:
• Reviewing and assessing the annual Enterprise Inventory Attestation and the bi-annual Report Owner Attestation of High-Risk Reports;
• Serving as a point of escalation for reporting errors, risks, and issues to ensure inclusion in applicable FLU/CF Reg Reporting Governance routine;
• Coordinating with GCOR, Report Owners and Report Preparers to implement amendments to LR&Rs, obtaining regulatory guidance and understanding business requirements in modifying or adding new reports into inventory;
• Ensuring periodic reviews of metrics logic, documentation and other Rule requirements are performed to meet the Non-Financial Regulatory Reporting Policy; and,
• Using Co-Pilot to improve on efficiency and reduce time spent on production of QA review files, regulatory change requirements, and Inventory review.

If interested apply online at www.bankofamerica.com/careers or email your resume to bofajobs@bofa.com and reference the job title of the role and requisition number.

EMPLOYER:  BofA Securities, Inc.

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$100,000.00 - $110,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.