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Assistant Vice President - Sr Operations 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 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.

Finance Data Management team enables the Finance Organization and supports data needs of finance business users

The Finance Data Management team is involved in various activities (including, but not limited to):

a) Data Management Activities: This includes implementing changes to different environments. Team is also engaged in activities such as Data Governance,  Data Lineage, Production Data Validation, Master Data Management, Metadata management, working on Bulletins, Restatements & Change Tracker items

b) Data Sourcing and provisioning: The scope of EDA (Enterprise Data Architecture) includes 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). This is an Enterprise-wide effort and team is expected to focus on developing/communicating data requirements for targeted Authorized Data Sources (ADS) and validating data in each Transaction ADS as they are built out.

Job Description*

Individual will be a leading member of the Data Management team with engagement in projects or BAU activities related to issue resolution and research, data validation, data sourcing and research, metadata management and data governance

Team supports financial analysis & reporting done for various lines of business. This requires good understanding of financial products and knowledge of banking and finance domain with a strong technical understanding.

Responsibilities*

Individual will be required to play a critical role in managing and leading following activities (this is an indicative list and could vary depending on business priorities)

  • Supporting Global Finance strategic initiatives such as managing projects related to enterprise wide issue resolution and research efforts
  • Continually identify process improvement opportunities
  • Data validation & reconciliation with authoritative sources of data
  • Data mapping and analysis
  • Be able to interpret queries (using SQL) various databases, compare to source data, identify differences & provide resolution
  • Bulletin: Analyze impact of any changes to database, calculation rules, etc. and communicate accordingly
  • Develop & execute test scripts, Analyze results of testing –identify defects and solution for items out of tolerance
  • Assist in Projects (eg. Authoritative Data Sources adoption): laying test cases & writing test scripts, testing data
  • Ability to facilitate monthly production process, assist with project design and other implementation activities
  • Assist in metadata management work – Creation of Data Lineage, Data Dictionary, Business glossary, Ensure completion and ongoing maintenance of the Data Lineage for various data elements
  • Governance related activities
  • Documentation – Provide Inputs on the Project documents etc.
  • Interact with senior stakeholders to lead projects and steer the team in the right direction
  • Ability to manage and lead the team effectively to get tasks done in time and with quality

Requirements*

Education*

  • Good Finance background (Commerce graduate/Finance Post Graduates preferred)
  • Good academic marks/ GPA

 Certifications If Any

Experience Range*

14 to 18 years

 Foundational skills*

Data analysis, Advance Excel, Advance Sql, Expert in banking products knowledge

Desired skills

US/EMEA Regulatory reports knowledge

Work Timings*

11:30 AM - 8:30 PM

Job Location*

Gurugram/Mumbai

Job Band:

H5

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 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.

Finance Data Management team enables the Finance Organization and supports data needs of finance business users

The Finance Data Management team is involved in various activities (including, but not limited to):

a) Data Management Activities: This includes implementing changes to different environments. Team is also engaged in activities such as Data Governance,  Data Lineage, Production Data Validation, Master Data Management, Metadata management, working on Bulletins, Restatements & Change Tracker items

b) Data Sourcing and provisioning: The scope of EDA (Enterprise Data Architecture) includes 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). This is an Enterprise-wide effort and team is expected to focus on developing/communicating data requirements for targeted Authorized Data Sources (ADS) and validating data in each Transaction ADS as they are built out.

Job Description*

Individual will be a leading member of the Data Management team with engagement in projects or BAU activities related to issue resolution and research, data validation, data sourcing and research, metadata management and data governance

Team supports financial analysis & reporting done for various lines of business. This requires good understanding of financial products and knowledge of banking and finance domain with a strong technical understanding.

Responsibilities*

Individual will be required to play a critical role in managing and leading following activities (this is an indicative list and could vary depending on business priorities)

  • Supporting Global Finance strategic initiatives such as managing projects related to enterprise wide issue resolution and research efforts
  • Continually identify process improvement opportunities
  • Data validation & reconciliation with authoritative sources of data
  • Data mapping and analysis
  • Be able to interpret queries (using SQL) various databases, compare to source data, identify differences & provide resolution
  • Bulletin: Analyze impact of any changes to database, calculation rules, etc. and communicate accordingly
  • Develop & execute test scripts, Analyze results of testing –identify defects and solution for items out of tolerance
  • Assist in Projects (eg. Authoritative Data Sources adoption): laying test cases & writing test scripts, testing data
  • Ability to facilitate monthly production process, assist with project design and other implementation activities
  • Assist in metadata management work – Creation of Data Lineage, Data Dictionary, Business glossary, Ensure completion and ongoing maintenance of the Data Lineage for various data elements
  • Governance related activities
  • Documentation – Provide Inputs on the Project documents etc.
  • Interact with senior stakeholders to lead projects and steer the team in the right direction
  • Ability to manage and lead the team effectively to get tasks done in time and with quality

Requirements*

Education*

  • Good Finance background (Commerce graduate/Finance Post Graduates preferred)
  • Good academic marks/ GPA

 Certifications If Any

Experience Range*

14 to 18 years

 Foundational skills*

Data analysis, Advance Excel, Advance Sql, Expert in banking products knowledge

Desired skills

US/EMEA Regulatory reports knowledge

Work Timings*

11:30 AM - 8:30 PM

Job Location*

Gurugram/Mumbai

Learn more about this role

Full time

JR-21063859

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Rajani Naveen

Referral Bonus:

0