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Assistant Manager

Mumbai, , 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 (GBS) 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*

Global Finance 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, Treasury Management Support on Capital, Liquidity and Balance Sheet Management, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing, Finance Systems Support & Regulatory reporting. Over the years, the scope of Global Finance has been expanded to include operations for other enterprise control functions like Human Resources and Risk and Compliance.

Corporate Treasury (CT) Global Liquidity Management (GLM) is responsible for analyzing the Enterprise's overall and relevant Legal Entity's individual liquidity positions, for assessing those positions and for proposing changes to them within the Enterprise's overall risk appetite. GLM is also responsible for daily and other periodic liquidity reporting to the Regulators (like US/EMEA/APAC) as well as to internal executive management for monitoring and measurement of liquidity risk by reporting Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), Additional Liquidity Monitoring Metric (ALMM), FR2052a and Internal Liquidity Stress Testing (ILST) and forecasting liquidity needs on daily, weekly and monthly basis.

Job Description*

To perform the end to end conformance testing program for Regulatory Liquidity Reporting. This will include:

1. Identification of scope and building test plans;

2. agreeing the scope and test plans, sampling criteria, etc. with relevant stake holders;

3. gather relevant regulatory instructions, business requirements, interpretations, code sourcing data sourcing and transformations, etc.;

4. Execute test plan

5. report test results and agree ownership for remediation plan, if any

The role will involve collaborating with multiple on-shore and off-shore business partners across the bank to understand different report implementations. The candidate will be required to have an strong understanding of:

1. financial products (both banking book products like deposits, loans, commitments, etc. and markets products like secured funding, derivatives, prime brokerage, etc.); and,

2. global liquidity regulatory reports such as LCR, NSFR, FRB's 2052a report, PRA's 110, EU's ALMM, etc.

The role will require strong analytical skills and functional knowledge of reading and writing SQL scripts. To proactively engage the on-shore report owners and relevant data and technology teams responsible for implementing the report to agree and execute the testing plans.


• Identify and prioritize testing scope

• Build test plan. Agree the same with all stakeholders and publish/notify the milestones and timelines

• Develop sampling approach and criteria

• Identify information requirements and notify relevant stakeholders

• Engagement with Global liquidity Management Report owners, SMEs and other stakeholders to obtain the relevant reports, reporting instructions, business requirements, interpretations, sourcing logic and code for data and transformations, definitions for elements in sourcing logic, etc.

• Prioritize different data elements for testing

• Translate the SQL code/logic into plain English 

• Liase with Code testing team to execute the testing for coded logic and transformation.

• Execute testing of other elements

• Compare output of the testing output to report instructions

• Aggregate the test results and findings and document the same

• Review the findings with relevant stakeholders

• Coordinate initial escalation and reporting management to address disputed observations/findings including agreeing additional testing

• Agree the final findings and remediation owner for each

• Agree remediation plan and timelines

• Complete the test report and remediation plan



Education – Graduate/ Post Graduate (CA/MBA – Finance or equivalent)

Experience Range*

5 + Year

Foundational skills*

  • Strong understanding of regulatory liquidity reporting framework as per BASEL III/IV Accords.
  • Strong understanding of financial market products (both banking, Traded and markets products)
  • Strong specific understanding of Regulatory Liquidity Reporting (ALMM, LCR, NSFR, ILST, 2052a, PRA 110m etc.) for US/EMEA Regulators
  • Analytical mindset to deal with daily liquidity queries and troubleshooting for data quality issues
  • Experience in building and executing test plans
  • Ability to understand complex business processes and breakdown to process components.
  • Strong relationship management and interpersonal skills, ability to build strong rapport, respect and trust with key stakeholders and constituents.
  • Demonstrate ability to work in a fast-paced, every-changing, highly collaborative environment.
  • Flexibility to deal with multiple concurrent issues and tasks - ability to self-manage and prioritize
  • Strong organizational skills and attention to detail, and good with numbers
  • Professional written and verbal communication skills
  • Proficient with Microsoft Office products (particularly MS Excel, Word, Visio, PowerPoint)

Desired skills

  • Knowledge of Banking and Capital market products
  • Working knowledge of Tableau/ Alteryx/ Advance Excel
  • Proficient in database knowledge & ability to analyze data and related flows
  • Experience in working with large datasets
  • Report analysis, design, and development

Work Timings*

11:30 am to 8:30 pm

Job Location*


Learn more about this role

Full time


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