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:
The Legal Entity Executive Group (LEEG), within the Chief Financial Officer (CFO) organization, is seeking a senior leader to support the management of Bank of America’s Enterprise Regulation K Program. Regulation K governs the international operations of U.S. banking organizations, including activities conducted through foreign branches, Edge Act corporations, certain foreign subsidiaries and investments, and establishes requirements related to permissible activities, investments, limits, reporting and other requirements.
This role will support management of the enterprise framework established to promote consistent implementation, monitoring and oversight of Regulation K requirements across impacted Front-Line Units, Control Functions and legal entities. The individual will partner extensively with global stakeholders across impacted lines of business, Finance, Legal, and Risk to support effective governance, processes, controls, monitoring, reporting and escalation. This role provides significant enterprise exposure and an opportunity to influence and strengthen how the Company manages a complex regulatory framework across businesses, functions, legal entities and geographies.
Responsibilities:
Lead the day-to-day management and continued development of the Regulation K Enterprise Program , supporting the Reg K Executive in establishing a cohesive enterprise framework for governance, oversight, monitoring, reporting, and escalation of Regulation K requirements.
Manage and maintain the Regulation K – Enterprise Policy , supporting periodic reviews and enhancements to ensure requirements, roles and accountabilities remain clear and appropriately reflected in the enterprise framework. The Policy is subject to annual review and governance through the Reg K Governance Forum and CFO Risk Committee.
Support enterprise Regulation K governance and management routines, including development of materials and reporting for the Reg K Governance Forum and other relevant senior management forums; facilitate identification, discussion, escalation and remediation of Reg K matters .
Partner with front line units and control functions to ensure there are appropriate processes and controls to meet the requirements of the Regulation K Program.
Develop and administer the enterprise monitoring framework for Regulation K, including attestations, collection and assessment of supporting artifacts, management reporting, and follow-up on identified matters,…