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Assistant Vice President - Sr Operations 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*

Global Financial Control India (GFC India) 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 Legal Entity Controllership, General Accounting & Reconciliations, Regulatory Reporting, Operational Risk and Control Oversight, Finance Systems Support, etc.

CFO-ORCO team is responsible to provide governance and oversight to effectively manage Operational Risk across the CFO Organization. 

Job Description*

The CFO Operational Risk & Compliance Oversight (CFO ORCO) Team provides support to CFO function and works to ensure consistent risk management globally.  The function is an independent risk partner within the 1st line of defense, but the key point of contact for second and third line of defense across the enterprise. The Risk Management includes risk management related reporting, risk based reviews, process documentation reviews, risk training and awareness and participating in any Global Risk Projects for CFO. The team is also involved in Risk performance Monitoring and tracking all the findings of the control validation reviews and self-identified issues. In addition, the Team provides governance over various regulatory reports as well as financial reporting including supporting enterprise wide SOX compliance.  The team also provides oversight on Manual Journal entries and Balance Sheet reconciliation across the Bank.

Responsibilities*

• Preparation and presentation of reporting material and discussions relating to risk and governance forums

• Assist in executing various SOX initiatives supporting Internal Control over Financial Reporting. 

• Provide governance over select key regulatory reports including supporting testing / QA / CFO’s attestation of these reports

• Support review of Manual Journal entries and Balance Sheet reconciliation across the Bank

• Assist in development of training material and conduct sessions to familiarize and drive adoption of risk related policies and programs

• Coordinate with Points of Contacts and Coordinators on initiatives & control projects implementation, track progress to provide consolidated summary and reporting on status

Requirements*

Education*

Chartered Accountant or CPA designation / Master's degree or equivalent in Accounting and/or Finance

Certifications If Any

Experience Range*

11+ years experience

Foundational skills*

  • Ability to drive risk framework related discussions, create and present and risk forums
  • Strong Leadership, influencing, communication and presentation skills
  • Strong relationship management skills to navigate the complexities of aligning senior stakeholders, building consensus and resolving conflicts in a large, distributed organization; proven ability to influence peers/stakeholders and other leaders across various lines of business
  • Ability to engage with management at various levels on risk management and related compliance matters
  • Proven ability to manage multiple and often competing priorities in a global environment; Ability to drive initiatives with a track record of successful change and making difficult decisions
  • Ability to decompose complex issues and drive timely decisions, knowing when to engage others for additional input, and when to act independently
  • Desired skills
  • Experience in a role relating to Operational Risk, SOX, or a Finance specific risk & governance role

Desired skills

  • Experience in Accounting, Reporting or other Finance and Control functions
  • Experience in a role relating to Operational Risk, SOX, or a Finance specific risk & governance role
  • Big 4 or banking /financial services industry experience preferred

Work Timings*

11:30 am to 8:30 pm

Job Location*

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*

Global Financial Control India (GFC India) 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 Legal Entity Controllership, General Accounting & Reconciliations, Regulatory Reporting, Operational Risk and Control Oversight, Finance Systems Support, etc.

CFO-ORCO team is responsible to provide governance and oversight to effectively manage Operational Risk across the CFO Organization. 

Job Description*

The CFO Operational Risk & Compliance Oversight (CFO ORCO) Team provides support to CFO function and works to ensure consistent risk management globally.  The function is an independent risk partner within the 1st line of defense, but the key point of contact for second and third line of defense across the enterprise. The Risk Management includes risk management related reporting, risk based reviews, process documentation reviews, risk training and awareness and participating in any Global Risk Projects for CFO. The team is also involved in Risk performance Monitoring and tracking all the findings of the control validation reviews and self-identified issues. In addition, the Team provides governance over various regulatory reports as well as financial reporting including supporting enterprise wide SOX compliance.  The team also provides oversight on Manual Journal entries and Balance Sheet reconciliation across the Bank.

Responsibilities*

• Preparation and presentation of reporting material and discussions relating to risk and governance forums

• Assist in executing various SOX initiatives supporting Internal Control over Financial Reporting. 

• Provide governance over select key regulatory reports including supporting testing / QA / CFO’s attestation of these reports

• Support review of Manual Journal entries and Balance Sheet reconciliation across the Bank

• Assist in development of training material and conduct sessions to familiarize and drive adoption of risk related policies and programs

• Coordinate with Points of Contacts and Coordinators on initiatives & control projects implementation, track progress to provide consolidated summary and reporting on status

Requirements*

Education*

Chartered Accountant or CPA designation / Master's degree or equivalent in Accounting and/or Finance

Certifications If Any

Experience Range*

11+ years experience

Foundational skills*

  • Ability to drive risk framework related discussions, create and present and risk forums
  • Strong Leadership, influencing, communication and presentation skills
  • Strong relationship management skills to navigate the complexities of aligning senior stakeholders, building consensus and resolving conflicts in a large, distributed organization; proven ability to influence peers/stakeholders and other leaders across various lines of business
  • Ability to engage with management at various levels on risk management and related compliance matters
  • Proven ability to manage multiple and often competing priorities in a global environment; Ability to drive initiatives with a track record of successful change and making difficult decisions
  • Ability to decompose complex issues and drive timely decisions, knowing when to engage others for additional input, and when to act independently
  • Desired skills
  • Experience in a role relating to Operational Risk, SOX, or a Finance specific risk & governance role

Desired skills

  • Experience in Accounting, Reporting or other Finance and Control functions
  • Experience in a role relating to Operational Risk, SOX, or a Finance specific risk & governance role
  • Big 4 or banking /financial services industry experience preferred

Work Timings*

11:30 am to 8:30 pm

Job Location*

Mumbai

Learn more about this role

Full time

JR-21071736

Band: H5

Manages People:

Manager:

Talent Acquisition Contact:

Rajani Naveen

Referral Bonus:

0