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Assistant 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 non bank 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*

EMEA Regulatory Reporting Group has overall responsibility for regulatory reporting for the EMEA entities and branches. This includes those in the UK, Ireland and France. The individual will be part of a team responsible for the regulatory reporting activities, including internal and external reporting to PRA and other regulators, supporting certain aspects of the financial close, driving change and operational excellence.


COREP, AnaCredit, Statistical and other reporting

  • Responsible for delivering monthly and quarterly AnaCredit reporting for our primary banking entities in the Eurozone
  • These responsibilities include typical core activities such as:
    • Preparation of counterparty and trade data reporting templates
    • Internal data and reporting validation, including variance analysis
    • Compilation of review materials for management, including commentary
    • Submission of templates to regulators
    • Responding to management and, internally, regulator queries raised on the reporting
  • Additional to the core reporting responsibilities the individual will be involved in a range of other AnaCredit related tasks that may include:
    • Monitoring and identifying new / revised regulatory requirements, including potentially implementation as a consequence of such requirements
  • Responsible for Capital Reporting regime in accordance with Basel II/III & CRD directives
  • Responsible for production of Group reports including Capital Adequacy in accordance with Basel rules
  • Ensuring IFRS9 Reporting standards are met
  • Perform Recovery Plan review/support/challenge
  • Support/ lead ICAAP/ILAAP coordination and review
  • Interpret regulatory reporting framework and assess change needed
  • Periodic and need based submission of reports to regulator(s)
  • Support Bank License application effort
  • Perform Pillar 3 disclosure review
  • Understand, develop and maintain risk mapping
  • Create and maintain recovery templates

Supporting the ongoing continuous improvement processes around report production, which currently has an inflight project on increasing automation and requires liaison with technology & change partners

Finance Liaison and Change

Build relationships across CFO teams including LOB Finance CFOs, Treasury, Liquidity and Tax to understand and resolve accounting and reporting issues. Support change agenda across group and ensure processes are efficient, consistent and sustainable, making best use of technology Supporting GFC and enterprise Operational Excellence initiatives


  • Education – Chartered Accountant, CFA, MBA  and
  • Experience Range – Minimum 5 years of experience in Regulatory reporting preferably in Banking Industry

Mandatory Skills

  • Regulatory reporting experience in a financial services business
  • Prior experience of AXIOM platform (preferred)
  • Detail-focused and structured approach to defining, executing and evidencing deliverables
  • Problem solving; curiosity; ability to think laterally and identify several possible solutions to problems
  • Dynamic, high energy, solid work ethic, willing to take on new initiatives some of which may initially lack definition
  • Ability to think laterally and identify several possible solutions to problems
  • Able to excel and influence in a cross-functional team structure
  • Excellent written and verbal communication skills are necessary as the position requires global correspondence and communication with associates throughout the Bank of America footprint
  • Effectively collaborating with team members and business partners to produce quality results
  • Remaining positive in the face of challenge
  • Challenging the status quo
  • Self-motivated and independent having an excellent control mindset
  • Able to work in a fast paced, deadline oriented environment
  • High level of ownership and attention to detail
  • Ability to self-manage and prioritize, pursue goals and consistently deliver results
  • Demonstrate ability to work in a team, while contributing individually and across other teams
  • Flexibility and good negotiations skills
  • Proficient in the use of Excel, Word and MS Access

Desired skills                                                                                                                                              

  • Strong computer skills (advanced excel and macro/access) and Oracle/SAP experiences are preferred
  • Exposure to Emerging technologies like Alteryx, Tableau, UI Path, etc

Work Timings*

11:30 am to 08:30 PM IST (Flexible on month end)

Job Location* Gurugram

Learn more about this role

Full time


Manages People:


Talent Acquisition Contact:

Referral Bonus:

Street Address

Primary Location:
Infospace, Gurugram, 122016