Regulatory Relations Manager
Company: Disability Solutions
Location: New York
Posted on: October 19, 2024
Job Description:
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 Manager is responsible
for maintaining relationships and interactions with regulators
through the execution of the overall strategy for regulatory
engagement and enterprise-wide standards. This includes managing
regulatory examinations, inquiries, and meetings.Additional
responsibilities include:
- Serving as the primary point of contact between the regulators
and the Front-Line Unit / Control Function (FLU/CF) while managing
exams, inquiries and other regulatory matters in accordance with
enterprise-wide standards.
- Building strong partnerships and collaborating effectively with
FLU/CF stakeholders to drive strategic Global Regulatory Relations
(GRR) engagement model.
- 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.
- Communicates and escalates issues and emerging risks in a
timely and concise manner.
- Partnering with GRR colleagues to share best practices,
identify regulatory themes and emerging issues.
- Providing regulator agency relationship support, as needed
(logistics, technology, reporting and research).Required Skills:
- 7+ years of experience in risk management, enterprise-wide
role, managing regulator activities or a combination of each.
Demonstrated ability to think strategically and execute
tactically.
- Proven ability to build and cultivate relationships both
externally and internally. Demonstrate intellectual curiosity.
Ability to read and understand complex matters, anticipate risks
and summarize key information.
- High attention to detail and strong organizational skills.
- Strong written and verbal communication skills with senior
levels across the organization, including senior leadership.
- Ability to overcome obstacles and solve problems quickly and
efficiently. Self-starter with excellent anticipation skills;
problem solving; follow up.
- Demonstrated dependability and sense of urgency. Comfortable
working with people at all organizational levels.
- Ability to work well under pressure, adapt to unexpected
events, prioritize and multi-task in a deadline driven
environment.
- Proven process design and project management skills.
- Ability to navigate in a highly-matrix environment and proven
ability to distil complex information into key messages.
- Knowledgeable of Bank of Americas business lines, operations,
organizational structure, senior executives, etc.Desired Skills:
- Oral Communications
- Prioritization
- Project Management
- Stakeholder Management
- Written Communications
- Active Listening
- Administrative Services
- Attention to Detail
- Influence
- Problem Solving
- Collaboration
- Critical Thinking
- Issue Management
- Quality Assurance
- Regulatory ComplianceShift:1st shift (United States of
America)Hours Per Week: 40Pay Transparency detailsUS - NY - New
York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and
benefits informationPay range$105,000.00 - $165,000.00 annualized
salary, offers to be determined based on experience, education and
skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.
Keywords: Disability Solutions, Cherry Hill , Regulatory Relations Manager, Executive , New York, New Jersey
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