North Carolina Association of CPAs (NCACPA) Career Center

Global Financial Controls; Senior Regulatory (15c3-3 Reporting) Controller - Team Lead

Bank of America
Charlotte, North Carolina, United States
6 days ago


Job Description:

The Chief Financial Officer (CFO) Group is responsible for the overall financial management of our company. This includes accounting, financial and regulatory reporting, balance sheet management, financial planning and analysis, treasury, investor relations, corporate investments and tax

Global Financial Control (GFC) is responsible for managing and executing consolidated financial and legal entity reporting; interpreting and applying accounting policy and standards; overseeing financial controls and operational risk assessments; managing and maintaining financial data and systems; managing general ledger and sub-ledger accounting; and supporting tax activities. In short, our focus in GFC is to get the numbers right and to work in support of the company’s goals, most importantly responsible growth

Centralized Regulatory Reporting (CRR) is responsible for preparation, review, and submission of U.S. financial regulatory reports for the bank, broker-dealer, and certain non-bank subsidiaries and works closely with business and finance partners across the organization to gather, analyze and prepare required regulatory reports

Senior Regulatory Reporting - Team Lead role is within the CRR Broker Dealer organization responsible for the preparation and review of Regulatory Reporting calculations (SEC Rule 15c3-3) for locally regulated entities including broker dealers, swap dealers and other legal entities. Responsible for reviewing and enhancing control processes, and approve data submissions for reporting team.


Experienced professional in broker dealer regulatory reporting focusing on 15c3-3 reserve reporting requirements. Reviews periodic regulatory calculation and control processes for U.S. regulated broker dealer entities, assist in advancing operating model through management and development of junior team members.
  • Senior Regulatory Controller - Team Lead 15c3-3
  • Preparation, review and approval of daily and month end 15c3-3 Reserve Formula computation.
  • Responsible for the maintenance of 15c3-3 reserve procedures, control documentation and spreadsheet compliance.
  • Responsible for responding to queries from business partners related to the daily 15c3-3 computation.
  • Interacting and providing support to FINRA, SEC, CFTC, Internal, and public auditors
  • Review and preparation of month end 15c3-3 schedules for FOCUS Reporting
  • Supervising offshore team for tasks related to 15c3-3 computations
  • Assist in team development and training
  • Lead Operational Excellence (OpEx) initiatives to streamline processes improvements

Required Skills:
  • +10 years of professional experience supporting 15c3-3
  • Bachelor’s degree (or higher) (finance or accounting strongly preferred)
  • Strong control mindset
  • Ability to work on multiple, complex tasks simultaneously and against aggressive deadlines
  • Strong problem solving skills and analytical abilities
  • Strong organizational, communication and presentation skills
  • Ability to work well both independently, within the team and collaboratively across the organization.
  • Strong attention to details
  • Advanced experience/skills with Excel

Desired Skills:
  • Previous experience in the financial services industry
  • FINRA Series 99 or 27 licensed
  • CPA or equivalent a plus

Bank of America commitment to Diversity and Inclusion statement

We’re a culture that:
  • Believes in responsible growth and has a proven dedication to supporting the communities we serve.
  • Provides continuous training and developmental opportunities to help people achieve their goals, whatever their background or experience.
  • Believes diversity makes us stronger, so we can reflect, connect to and meet the diverse needs of our clients and customers around the world.
  • Is committed to advancing our tools, technology and ways of working. We always put our clients first to meet their evolving needs

1st shift (United States of America)

Hours Per Week:

Job Information

  • Job ID: 64943199
  • Location:
    Charlotte, North Carolina, United States
  • Position Title: Global Financial Controls; Senior Regulatory (15c3-3 Reporting) Controller - Team Lead
  • Company Name For Job: Bank of America
  • Job Function: Other
  • Job Type: Full-Time

Please refer to the company's website or job descriptions to learn more about them.

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