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Team Leader

Gurugram, , India

Job Description:

Overview (Bank overview, GBS India overview, Function 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 all 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 Global Procurement.

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*

Role is predominately focused on: Testing Vendor/Third Party Controls

The Third Party Assessment (TPA) team is part of the Global Procurement Administration organization. The primary focus of our team is independent assessment of a Third Party / Vendor’s controls as dictated by the Third-Party Policy and Program. Our business partners include enterprise control functions and multiple Front Line Units (FLUs) across the enterprise. Key priorities for our team are independent assessments and quality control activities to determine whether a Vendor/ Third Party’s controls meet Bank requirements.

Responsibilities*

• Utilizes analytical skills and/or technical expertise to execute assigned audit testing responsibilities. 

• Perform assessments of audit activities to evaluate the quality of documentation supporting execution of audit work.

• Independently execute assigned assessments.  Responsible for multiple projects simultaneously.

• Utilize sound, reasoning and analytical skills to execute assigned responsibilities. 

• Effective verbal and written communication of testing results and observations

• Maintains a thorough understanding of the Vendor/Third Party Management program requirements

Requirements*

 Education*

o Bachelors degree (Any), MBA preferred

 Certifications If Any

Procurement or Audit related certification desired

Experience Range*

•5-9 years audit or QA/QC testing or procurement governance or vendor management/compliance experience with emphasis on regulatory compliance and/or control validation

Foundational skills*

o Ability to work independently and manage multiple tasks simultaneously, strong prioritization and time management skills

o Requires strong reasoning and analytical skills with an attention to detail

o Ability to clearly and persuasively communicate in written and verbal formats

o Proficient computer/software skills - Experience with Microsoft Word, Excel, Power Point, Outlook, etc.

o Vendor Management  / Procurement experience

o Familiarity with Ariba and/or VRPM applications

o Experience developing and documenting test plans and commentary writing

o Prior regulatory compliance work in a Financial Institution

Desired Skills*

o Strong communication (verbal & written) and networking skills

o Detail oriented / eye for detail

Work Timings*

11:30 am to 11:30 pm window (current timings – 11.30 am to 8.30am)

Job Location*

Gurugram

Job Band:

H7

Shift: 

Hours Per Week:

45

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Overview (Bank overview, GBS India overview, Function 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 all 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 Global Procurement.

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*

Role is predominately focused on: Testing Vendor/Third Party Controls

The Third Party Assessment (TPA) team is part of the Global Procurement Administration organization. The primary focus of our team is independent assessment of a Third Party / Vendor’s controls as dictated by the Third-Party Policy and Program. Our business partners include enterprise control functions and multiple Front Line Units (FLUs) across the enterprise. Key priorities for our team are independent assessments and quality control activities to determine whether a Vendor/ Third Party’s controls meet Bank requirements.

Responsibilities*

• Utilizes analytical skills and/or technical expertise to execute assigned audit testing responsibilities. 

• Perform assessments of audit activities to evaluate the quality of documentation supporting execution of audit work.

• Independently execute assigned assessments.  Responsible for multiple projects simultaneously.

• Utilize sound, reasoning and analytical skills to execute assigned responsibilities. 

• Effective verbal and written communication of testing results and observations

• Maintains a thorough understanding of the Vendor/Third Party Management program requirements

Requirements*

 Education*

o Bachelors degree (Any), MBA preferred

 Certifications If Any

Procurement or Audit related certification desired

Experience Range*

•5-9 years audit or QA/QC testing or procurement governance or vendor management/compliance experience with emphasis on regulatory compliance and/or control validation

Foundational skills*

o Ability to work independently and manage multiple tasks simultaneously, strong prioritization and time management skills

o Requires strong reasoning and analytical skills with an attention to detail

o Ability to clearly and persuasively communicate in written and verbal formats

o Proficient computer/software skills - Experience with Microsoft Word, Excel, Power Point, Outlook, etc.

o Vendor Management  / Procurement experience

o Familiarity with Ariba and/or VRPM applications

o Experience developing and documenting test plans and commentary writing

o Prior regulatory compliance work in a Financial Institution

Desired Skills*

o Strong communication (verbal & written) and networking skills

o Detail oriented / eye for detail

Work Timings*

11:30 am to 11:30 pm window (current timings – 11.30 am to 8.30am)

Job Location*

Gurugram

Learn more about this role

Full time

JR-21049251

Band: H7

Manages People:

Manager:

Talent Acquisition Contact:

Shubhi Gupta

Referral Bonus:

0

Street Address

Primary Location:
Infospace, Gurugram, 122016