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Senior Manager

Mumbai, , 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*

Corporate Treasury (CT) Data Management (DM) is responsible for bridging and remediating the data quality gaps at granular product level keeping in mind the liquidity, Capital and balance sheet management reported to regulators as well as to internal executive management for liquidity monitoring and measurement, Internal liquidity stress Testing and Capital Adequacy forecasts needed to compensate by the virtue of Data Quality Gaps with the help of Adjustments on daily, weekly and Monthly basis to assure the Accuracy and completeness of the regulatory reports as per BCBS Guidelines.

Job Description*

Supporting Global Liquidity Reporting team to enrich the liquidity reporting by performing Daily, weekly and Monthly Non Automated Data Enhancements to cover data Gaps and also needs to perform set of controls for reference data management at product and reference data level, data controls and data validations and reconciliations are to achieve a greater control on data prior the submission of Liquidity reports regulators and to support the Capital Adequacy process

The role will involve collaborating with multiple on-shore business partners across the bank to understand different reporting systems. The candidate will be required to understand the liquidity reports and 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.

• Review team deliverables by performing set of controls to ensure the accuracy of liquidity reports as per BASEL framework in relevance to FED and PRA regulators

• Understand the latest regulatory changes and to implement them as per the latest taxonomy and other regulatory changes as proposed in an timely manner Quarter on Quarter or on adhoc basis

• Validates data and signs off on reports within test environments to confirm Business Intelligence tool accuracy, functionality and Enterprise Data Management Standards (EDM) are met

• Understand, explore and achieve the scope of automation and remediation after coordinating with downstream and upstream stakeholders like middle office, finance and treasury operation and other related business functions

• Engagement with Global liquidity Management and treasury data management SME and other stakeholders to discuss the new requirements via intake forms and to understand the new requirements along with the expansion on validation and analytical process.

• Partnering with external and internal auditors to drive the soundness and successfully execution of internal control programs

• Coordinate initial escalation and reporting management to address exceptions, threshold breaches and data quality/data gap remediation

• Engage with business and technical stakeholders at varied levels to align on key objectives and provide data control oversight and proactively escalate and mitigate risks, and ensure adherence to applicable regulators and policies

• Assessing and documenting internal control weaknesses for SOX and Regulatory Reporting

• 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

• Interaction with Line of Business and other business partners to discuss any issues.

Requirements*

 Education*

CA/ ICWA/ MBA Finance or equivalent qualifications

 Certifications If Any

Experience Range*

10 – 12 years of Finance & Accounts which includes 8+ years of Regulatory reporting experience

 Foundational skills*

• Good understanding of Regulatory /Liquidity reporting

• Advanced MS Excel skills

• Experience in driving change process/ re-engineering & automations

• Strong verbal and written communication skills

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

 Desired skills

• Working knowledge of Tableau/ Alteryx/ Ui Path/ SQL

Work Timings*

Flexible between 10:30 AM till 10:30 PM

Job Location*

Mumbai

Job Band:

H6

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*

Corporate Treasury (CT) Data Management (DM) is responsible for bridging and remediating the data quality gaps at granular product level keeping in mind the liquidity, Capital and balance sheet management reported to regulators as well as to internal executive management for liquidity monitoring and measurement, Internal liquidity stress Testing and Capital Adequacy forecasts needed to compensate by the virtue of Data Quality Gaps with the help of Adjustments on daily, weekly and Monthly basis to assure the Accuracy and completeness of the regulatory reports as per BCBS Guidelines.

Job Description*

Supporting Global Liquidity Reporting team to enrich the liquidity reporting by performing Daily, weekly and Monthly Non Automated Data Enhancements to cover data Gaps and also needs to perform set of controls for reference data management at product and reference data level, data controls and data validations and reconciliations are to achieve a greater control on data prior the submission of Liquidity reports regulators and to support the Capital Adequacy process

The role will involve collaborating with multiple on-shore business partners across the bank to understand different reporting systems. The candidate will be required to understand the liquidity reports and 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.

• Review team deliverables by performing set of controls to ensure the accuracy of liquidity reports as per BASEL framework in relevance to FED and PRA regulators

• Understand the latest regulatory changes and to implement them as per the latest taxonomy and other regulatory changes as proposed in an timely manner Quarter on Quarter or on adhoc basis

• Validates data and signs off on reports within test environments to confirm Business Intelligence tool accuracy, functionality and Enterprise Data Management Standards (EDM) are met

• Understand, explore and achieve the scope of automation and remediation after coordinating with downstream and upstream stakeholders like middle office, finance and treasury operation and other related business functions

• Engagement with Global liquidity Management and treasury data management SME and other stakeholders to discuss the new requirements via intake forms and to understand the new requirements along with the expansion on validation and analytical process.

• Partnering with external and internal auditors to drive the soundness and successfully execution of internal control programs

• Coordinate initial escalation and reporting management to address exceptions, threshold breaches and data quality/data gap remediation

• Engage with business and technical stakeholders at varied levels to align on key objectives and provide data control oversight and proactively escalate and mitigate risks, and ensure adherence to applicable regulators and policies

• Assessing and documenting internal control weaknesses for SOX and Regulatory Reporting

• 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

• Interaction with Line of Business and other business partners to discuss any issues.

Requirements*

 Education*

CA/ ICWA/ MBA Finance or equivalent qualifications

 Certifications If Any

Experience Range*

10 – 12 years of Finance & Accounts which includes 8+ years of Regulatory reporting experience

 Foundational skills*

• Good understanding of Regulatory /Liquidity reporting

• Advanced MS Excel skills

• Experience in driving change process/ re-engineering & automations

• Strong verbal and written communication skills

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

 Desired skills

• Working knowledge of Tableau/ Alteryx/ Ui Path/ SQL

Work Timings*

Flexible between 10:30 AM till 10:30 PM

Job Location*

Mumbai

Learn more about this role

Full time

JR-21067338

Band: H6

Manages People:

Manager:

Talent Acquisition Contact:

Shweta Madaan

Referral Bonus:

0