Bank of America Corp., has reshuffled its management team, following the appointment of Brian Moynihan as the new chief executive on Jan. 1.

Among the changes, Gregory Curl, who is expected to soon leave the Charlotte, North Carolina-based bank, has been moved from his post as chief risk officer to an unnamed role, focusing on "strategic partnerships." His position has been assumed by Bruce Thompson, formerly head of global capital markets. In addition, Neil Cotty, currently chief accounting officer, will become interim CFO, effective Feb. 1.

The shakeup comes at a time when the bank is facing a heap of regulatory troubles. Most recently, the SEC on Jan. 12 sued BofA for failing to disclose “staggering financial losses’’ by Merrill Lynch prior to shareholders approving the merger of the two companies in 2008. In a separate lawsuit, the SEC and Bank of America are already scheduled to go to trial March 1 for violating securities laws by failing to disclose to shareholders as much as $5.8 billion in bonuses and incentive pay to Merrill Lynch employees following the acquisition at a time when the bank’s annual losses reached $27.6 billion.