Assistant Manager

Job Description:

About Us:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities, and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Global Business Services

Global Business Services delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.

Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence, and innovation.

In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

Process Overview*

CFO testing is a risk-based program to identify & confirm data gaps in various high risk financial regulatory reports filed by the bank like FR- Y-9C, FR- Y-15, FFIEC 031/041, FFIEC 009, FFIEC 101 & Liquidity Reports. The team also forms an integral part of the remediation work required for MRA raised by FRB for Regulatory Reports filed by the bank.

Job Description*

The CFO testing team is responsible for testing high risk regulatory reports such as FR Y-14, FR Y-9C, Y-15, FFIEC031/041, 009, 101, 102, Liquidity Reports etc. to identify and report any material errors, omissions, and control weaknesses in preparation of these key reports, such that these issues are formally raised and remediated towards improving the data quality.

This position will work closely with some of the key stakeholders/LOB to execute the enterprise-wide framework, methodology, procedures/guidelines for CFO Testing team. This position will interact with various levels of management, drive process improvements, and gain exposure to a wide variety of the Company’s businesses as part of an expanding CFO Testing team.

Responsibilities*

• Perform the testing of various regulatory reports & products.
• Work closely with the test development team to identify any gaps in the test approach/methodology.
• Verify if the legal documents provided are fit for testing.
• Support the Test Leads/Owners to close the loop on the observations identified during test execution.
• Stay current on latest FRB requirements and guidance on key regulatory reports.
• Prepare/Update program governance documents.
• Drive continuous process improvements.

Requirements*

 Education*

Commerce Graduate/Chartered Accountant/CPA/CFA/CPA/MBA/Master's degree or equivalent in Accounting and/or Finance Certifications If Any

Experience Range*

4 years to 7 years

Foundational skills*

• Good knowledge of banking products
• Regulatory Reporting/Liquidity reporting exposure
• Experience in Performing QA/Testing/Audit
• Eye for detail
• Ability to engage/collaborate with management at various levels.

Desired skills

• Experience in US regulatory reporting/Liquidity Reporting/Audit
• Experience in performing QA/Testing/Audit
• Proficient in the use of Excel, PowerPoint, and Word

Work Timings*

11:30AM to 8.30PM

Job Location*

GIFT City