Vice President – Fulfillment and Services Head of Regulatory Reporting

  • Competitive
  • Kuala Lumpur, Malaysia
  • Permanent, Full time
  • Bank Of America / Merrill Lynch
  • 20 Jan 18 2018-01-20

Vice President – Fulfillment and Services Head of Regulatory Reporting

Vice President - Fulfillment and Services Head of Regulatory Reporting

About Bank of America Merrill Lynch:

Our purpose as a firm is to make financial lives better, through the power of every connection. Across the world, we partner with leading corporate and institutional investors through our offices in more than 40 countries. In the U.S alone, we serve almost all Fortune 500 companies and approximately 59 million consumers and small-business customers. We provide a full suite of financial products and services, from banking and investments to asset and risk management. We cover a broad range of asset classes, making us a global leader in corporate and investment banking, sales and trading.

Connecting Asia Pacific to the World

Our Asia Pacific team is spread across 23 offices in 12 markets. We are focused on connecting Asia to the world and the world to Asia, using our global expertise to ensure success is shared between us, our clients and our communities. Our regional footprint covers 12 currencies, more than a dozen languages and five time zones, placing us firmly among the region's leading financial services companies.

Bank of America Merrill Lynch is committed to attracting, recruiting and retaining top diverse talent from across the globe. Our diversity and inclusion mission is to actively promote an inclusive work environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business. Each of our global Employee Networks bring together employees, create dialogue and awareness in support of our Diversity and Inclusion mission.

Bank of America Merrill Lynch is an equal opportunities employer.

Key Responsibilities

  • Manages overall regulatory reporting review and preparation in FSO. Current key regulatory reporting deliverables for FSO consist of Cash Balance of Payment Purpose of Payment reporting under ITIS (International Transaction Information System) and CCRIS (Credit Reference Information System) guidelines.
  • Ensure compliance with applicable regulatory guidelines.
  • Liaison with other departments/business units in collating data required for regulatory reporting.
  • Liaison with regulator(s) for ad-hoc queries, escalation, projects and any related communication on regulatory reporting matters.
  • Review and keep abreast with new regulatory reporting guidelines and communicate with other departments/business units for the new information required.
  • Ensures adequate staffing levels, effective expense and performance management, turnover, reporting, and forecasting trends to drive efficiencies.
  • Monitors internal processes to drive efficiencies and streamline processes and enhance process excellence.
  • Execute and integrate new capabilities, as required to facilitate regulatory reporting.
  • Lead and support regulatory reporting projects, including liaison with external vendor(s) and internal support teams.
  • Manage compliance and audit controls to ensure mitigation of risks related to submission of regulatory reports.
  • Provides leadership and direction to teams ensuring swift adoption of changes.
  • Develop and execute business continuity and event management processes.
  • Lead and develop high performance team, translate regulatory reporting changes into tactical action plans.

Key Requirements
  • Minimum 4-5 years of experience in regulatory reporting function in a bank, handling ITIS and/or CCRIS reporting.
  • Experienced in dealing with process re-engineering and system change.
  • Solid knowledge of all applicable regulatory reporting requirement and guidelines.
  • Strong technical skills, including a good current working knowledge of regulatory reporting requirements and platforms.
  • In-depth knowledge of project management principles and practice.
  • Sound knowledge of procedures and risk management/effective Quality Assurance.
  • Strong knowledge of treasury, cash management products, wholesale operations to enable effective operationalization of applicable regulatory reporting requirements.
  • Ability to work with a sense of urgency to meet internal and regulatory deadlines and address competing priorities.
  • Ability to manage alliances, relationship with regulator(s), cross functional initiatives and process integration
  • Strong team player with proven abilities in effective stakeholder management
  • Solid knowledge on problem analysis and problem-solving
  • Effective written, listening and verbal communication skills
  • Self-motivated, diligent and meticulous

Posting Date: 03/01/2018
Kuala Lumpur, , Kuala Lumpur, 67 JALAN RAJA CHULAN,
- Malaysia

Full / Part-time: Full time
Hours Per Week: 39