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Assistant Vice President - Sr Operations Manager

Gurugram, India

Job Description:

Overview

 

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.

 

We are a part of the Global Business Services which delivers technology and operations capabilities to Bank of America lines of business (LOB) and enterprise functions.

 

Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.

 

* BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.

Process Overview*

The FAKC (Finance and Accounting Knowledge Center) was set up in 2007 as a part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business and Enterprise Finance functions. The capabilities hosted include Accounts Payable, General Accounting & Reconciliations, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing, Finance Systems Support and Supply Chain Management.

Over the years, the scope of FAKC has been expanded to include operations for other enterprise control functions like Human Resources and Risk and Compliance.

Job Description*

Corporate Treasury (CT) Data Management (DM) is responsible for assuring the data quality of the data sources used by Global Liquidity Management (GLM) and Balance Sheet Management (BSM) to report to external regulators as well as to internal executive management for liquidity monitoring and measurement. Also, team is responsible for producing reports for GLM group for regulatory filings.

The role will involve collaborating with multiple on-shore business partners across the bank to understand different reporting systems. The candidate will need to proactively engage with the on-shore change management and technology teams responsible for improving our data quality and assist efforts on feed development / enhancement and overall process design to close the gaps identified. Also, candidate need to work on regulatory reports based on BASEL-III LCR requirements.

Responsibilities*

  • Analyze and reconcile data in Liquidity & Capital Risk systems and investigate differences
  • Compare information from multiple data environments in various areas of the bank (Finance, Middle Office, Operations and Treasury) to enable comparison with data held in Liquidity risk system
  • Work with business partners to expand data validation and analytical processes
  • Compile findings and produce reporting as required for management and/or regulatory. Good understanding of BASEL-III for Capital and LCR requirements.
  • Quantify and articulate data integrity issues
  • Engaging with technology, middle office, finance and operations teams to remediate issues
  • Good understanding of corporate treasury operations and related business functions.
  • Interaction with Line of Business and other business partners.

Requirements*

  • Education* -  B Tech + MBA
  • Certifications If Any
  • Experience Range* - Minimum 13 years
  • Mandatory skills*

    •     Advanced MS Excel skills

    •     Strong control mentality and good people management skills

    •     Strong verbal and written communication skills

    •     Good understanding and experience of Data Management

    •     Flexibility to deal with multiple concurrent issues and tasks - ability to self-manage and prioritize

  • Desired skills* -
  • Prior experience in regulatory &/or Capital reporting
  • Experience of working with large volumes of data
  • High level of ownership and attention to detail
  • Experience in driving change process/ re-engineering & automations

Work Timings* - Flexible between 10:30 AM till 9:30 PM

Job Location* - Gurgaon

Learn more about this role

Full time

JR-20007601

Manages People: No

Manager:

Talent Acquisition Contact:

Referral Bonus:

Street Address

Primary Location:
Infospace, Gurugram, 122016