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Hyderabad, , India

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

Transaction Reporting Control Group is responsible for ensuring the completeness, accuracy and timeliness of the Bank’s transaction reporting obligations across multiple global regulatory jurisdictions. This is achieved through collaborative work of the different functions within the group namely Submission Control, Enhanced Quality Assurance, Test Execution and Remediation.

Job Description

The Role requires in-depth knowledge of regulatory reporting framework specially for EMIR and related change under the EMIR re-fit (Regulatory Fitness Program) and to operate within the control framework to ensure the Completeness, accuracy and timeliness of the transactions reported.

The Submission Control function is responsible for monitoring and remediating the internal validation failures and the rejects from the regulators. It also monitors the trades which are not getting reported within the regulatory compliance time.

The Enhanced Quality Assurance function perform post process checks on the completeness, accuracy, and timeliness of the transaction reports submissions by performing reconciliations and independent data quality validations.

The Test execution function ensures that all transaction reporting initiatives and regulatory changes are validated before being implemented in production environment.


  • Execute and monitor the controls designed under the Transaction Reporting Control framework.
  • Analyze the data to investigate the exceptions identified through the controls to identify gaps in the Completeness, Accuracy and Timeliness of the transaction reporting.
  • Liaise with Middle Office (MO) / Front Office (FO) / Technology teams for the root causes of the exceptions.
  • Proper documentation of the exceptions and potential reporting issues, produce MIS and represent the function in various internal forums.
  • Engage with different senior stakeholders to discuss the underlying root cause of the issue


Education Post-Graduation

Experience Range 8-10 Years of overall experience

Foundational skills

  • Knowledge about the Global Financial Markets and different financial products spread across the asset classes namely FX, Interest Rate, Equity, Credit and Commodity
  • Understanding about the regulatory reporting bodies and the regulatory framework like CFTC, EMIR, MIFID, SFTR, HKMA
  • The incumbent needs to be very good with numbers and should be well versed with the excel operations.
  • Substantial time is spent on analysis of exceptions and hence candidate needs to have good analysis skills
  • Good communication and negotiation skills
  • Excellent organizational skills to track many concurrent activities and keep leads updated on progress
  • Should be a keen learner, self-starter and a team player

Desired skills:

  • Exposure to data mining tool will be added advantage. Opportunity to learn and work on industry leading data mining tools like Tableau and Alteryx
  • Ability to critically appraise the existing process and drive process improvement initiatives.

Work Timings 12.30 to 21.30

Job Location - Hyderabad, Mumbai, Gurugram

Learn more about this role

Full time


Manages People:

Street Address

Primary Location:
Mindspace Bldg 5b, Gf, Hyderabad, 500081