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*
Candidate will be a test lead in the Enterprise Independent Testing organization responsible for driving data quality test execution. This includes determining the correct test methodology and managing the execution. The individual will be collaboratively working with a team of 5 or more onshore/offshore resources as part of pre-submission testing. The Testing lead, in collaboration with Testing Shared Services ensures accountability for the completion of testing activities in a timely manner and in alignment with the Independent Testing- Enterprise Policy & Standard. The role will be dynamic in nature and require the individual to be able to handle diverse work efforts. This role contributes to the identification of themes and trends at the front line unit, control function and enterprise level. Role is expected to evolve as organization matures and this resource is expected to drive that evolution.
Responsibilities*
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*
• 7+ years of experience in Regulatory & Legal Support on risk data and regulatory matters; covering assessment, design, and implementation of regulatory report production processes
• Performed various assurance activities to identify and analyze the gaps in the reporting, e.g., FR Y 9C, FR Y-15, FFIEC 031, FFIEC 009, FR 2052a and FR Y 14Q.
• Test management (focus on sampling, test objectives/ conclusions, test results interpretation, etc) experience
• The assurance activities involves Conformance Testing and Transaction Testing.
• Quality assurance activities involving the testing of end-to-end data flow, transformations and logics implemented in different reporting tools such as AXIOM and OFSAA.
• Strong oral & written communication skills and comfortable presenting to a wide variety of audiences
• Comfortable leading and influencing with and without direct authority
• Resourceful/ proactive in situations when not all information is available or there is no apparent “right” answer
• Strong focus on Risk Management
• Capable to navigate conflict to enable productive solutions
• Close attention to detail
Desired skills :
Bank Domain Knowledge
• Strong analytical skills including excel skills (vlookup, pivot and other excel analytics features)
• Experience as part of an Audit organization or a deep history of interactions with Audit (Internal and External)
• Strong Project Planning/Management
• Basic knowledge of Tableau and/or other reporting tools
• Process development
• Familiarity Policy/Governance and Data Related Laws, Rules, Regulations
Work Timings*
12:30 PM to 09:30 PM
Job Location*
GIFT
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