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Assistant Manager

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 Global Finance 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 & Regulatory reporting.

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

The FDM (Finance Data Management) team is part of the (GFC) Global Financial Control organization within CFO division, and supports the data needs of finance business users (such as by not limited to): Data Sourcing and Provisioning, which includes the scope of EDA (Enterprise Data Architecture) defining and implementing data provisioning strategy to simplify the flow of data from all lines of business into critical enterprise functions. The provisioning strategy includes the definition of Authorized Data Sources (ADS) for domains of transaction data (e.g., mortgage), reference data (e.g., legal entity) and derived data (e.g., capital). It also aims at client satisfaction by providing operational excellence for a wide array of Accounting and reporting, controllership and data analysis activities.

Job Description*

Individual will be a contributing member of the EMEA data operations team, with engagement in activities like Data validation for various regulatory deliverables per guidelines from Prudential Regulatory Authority, Bank of England and Central Bank of Ireland. This would include data validation (trade and counterparty reference data), data sourcing/research, issue resolution and testing, preparation of control and management reports. Griffin is the data warehouse wherein primarily data validation would be performed. Additionally, the individual is required to have good understanding of securities data. Individual will be required to analyze trade data to a granular level and make necessary adjustments if required to the data for accurate regulatory reporting.

Responsibilities*

• Data validation and reconciliation for EMEA regulatory reports

• Complete Finance Packs / dashboard and also walk through Business/Onshore partners on the same

• Manage relationship with Business/Onshore partners

• Ability to facilitate monthly production process, assist with project design and other implementation activities

• Documentation: provide inputs on the project documents, etc.

• Manage/Run controls to identify data quality gaps in underlying data

• Should be ready to work as an individual contributor

• Knowledge of Capital markets and trade related data. Individual should have good understanding of  trade products

Requirements*

 Education*

Graduate/Post Graduate in Finance. CFA level-2 will also be preferred

 Certifications If Any

NA

 Experience Range*

6 to 8 years

 Foundational skills*

• Excellent knowledge of financial products such as equities, bonds, options, swaps and other traded derivatives

• Ability to analyze trade data for gaps and perform adjustments to trade data

• Ability to independently communicate with stakeholders

• Demonstrate ability to work in a fast-paced, every-changing, highly collaborative environment

• Professional written and verbal communication skills

• Strong organizational skills and attention to detail, and good with numbers

• Strong relationship management and interpersonal skills, ability to build strong rapport, respect and trust with key stakeholders and constituents

 Desired skills

• Understanding of EMEA regulatory requirements such as Corep

• Understanding of Counterparty Credit Risk

• General ledger reconciliation experience

• MS Excel knowledge

Work Timings*

11.30am - 8.30pm or 12.30pm - 9.30pm

Job Location*

Gurgaon

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 Global Finance 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 & Regulatory reporting.

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

The FDM (Finance Data Management) team is part of the (GFC) Global Financial Control organization within CFO division, and supports the data needs of finance business users (such as by not limited to): Data Sourcing and Provisioning, which includes the scope of EDA (Enterprise Data Architecture) defining and implementing data provisioning strategy to simplify the flow of data from all lines of business into critical enterprise functions. The provisioning strategy includes the definition of Authorized Data Sources (ADS) for domains of transaction data (e.g., mortgage), reference data (e.g., legal entity) and derived data (e.g., capital). It also aims at client satisfaction by providing operational excellence for a wide array of Accounting and reporting, controllership and data analysis activities.

Job Description*

Individual will be a contributing member of the EMEA data operations team, with engagement in activities like Data validation for various regulatory deliverables per guidelines from Prudential Regulatory Authority, Bank of England and Central Bank of Ireland. This would include data validation (trade and counterparty reference data), data sourcing/research, issue resolution and testing, preparation of control and management reports. Griffin is the data warehouse wherein primarily data validation would be performed. Additionally, the individual is required to have good understanding of securities data. Individual will be required to analyze trade data to a granular level and make necessary adjustments if required to the data for accurate regulatory reporting.

Responsibilities*

• Data validation and reconciliation for EMEA regulatory reports

• Complete Finance Packs / dashboard and also walk through Business/Onshore partners on the same

• Manage relationship with Business/Onshore partners

• Ability to facilitate monthly production process, assist with project design and other implementation activities

• Documentation: provide inputs on the project documents, etc.

• Manage/Run controls to identify data quality gaps in underlying data

• Should be ready to work as an individual contributor

• Knowledge of Capital markets and trade related data. Individual should have good understanding of  trade products

Requirements*

 Education*

Graduate/Post Graduate in Finance. CFA level-2 will also be preferred

 Certifications If Any

NA

 Experience Range*

6 to 8 years

 Foundational skills*

• Excellent knowledge of financial products such as equities, bonds, options, swaps and other traded derivatives

• Ability to analyze trade data for gaps and perform adjustments to trade data

• Ability to independently communicate with stakeholders

• Demonstrate ability to work in a fast-paced, every-changing, highly collaborative environment

• Professional written and verbal communication skills

• Strong organizational skills and attention to detail, and good with numbers

• Strong relationship management and interpersonal skills, ability to build strong rapport, respect and trust with key stakeholders and constituents

 Desired skills

• Understanding of EMEA regulatory requirements such as Corep

• Understanding of Counterparty Credit Risk

• General ledger reconciliation experience

• MS Excel knowledge

Work Timings*

11.30am - 8.30pm or 12.30pm - 9.30pm

Job Location*

Gurgaon

Learn more about this role

Full time

JR-21059825

Band: H7

Manages People:

Manager:

Talent Acquisition Contact:

Rajani Naveen

Referral Bonus:

0