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 Data Management India team was set up in 2023 as a part of the CFO Global Delivery strategy to provide offshore delivery to CFO Data Management, part of  Enterprise CFO functions, consolidating legacy functions of Finance Data Management and Treasury Data Management . The capabilities hosted include Data Analysis, Product specialists with understanding of underlying Data for Liquidity/ Regulatory Reporting, Reconciliations, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing and Finance Systems Support

Data Management team enables the Finance Organization and supports data needs of finance business users

The Data Management team is involved in various activities (including, but not limited to):

• Regulatory Reporting related data management Activities: Team support activities related to US and EMEA Regulatory reports, data validation and resolution of Data quality issues.
• Team performs a critical role in providing centralized support for Global Banking and Market products ( Treasury, Traded, Loans & Deposits etc.)  data validation and analysis for internal and external Liquidity reporting.
• Team is engaged in activities such as validation of data for regulatory reports, data quality issue resolution, data reconciliation with authoritative sources and posting adjustments. Team actively works on strategic initiatives aimed at improving the quality of numbers reported in regulatory reports.
• Data Sourcing and provisioning: This includes defining and implementing data provisioning strategy to source the data from all lines of business into regulatory reports and management reports. Team is actively involved in sourcing initiatives where it works with various source systems, technology teams and report owners to source the data into regulatory reports as per regulator and stakeholder requirements.

Job Description*

Individual will be a contributing member of the Data Management team with engagement in activities like production data validation, product Reconciliation, data governance, master data management, metadata management, restatements, data sourcing/research, issue resolution and projects like ADS.

Team also provides financial data & Product analysis. Reconciliation & reporting to our various lines of business.

Responsibilities*

Individual will be required to perform following responsibilities (this is an indicative list and could vary depending on business priorities)

• Continually grow and expand market products and use-case knowledge, with a focus to understand the ‘why’, to anticipate and proactively address questions and issues before they occur
• Leverage SQL, Excel, and other analytics tools to identify and understand data issues, quantify impacts, or provide answers to time-sensitive business, audit, and regulator questions
• Engage with upstream data providers and Treasury technology teams to develop and test innovative solutions to address those needs as part of Agile Change Management processes
• Constantly evaluate our processes to ensure data risks are identified and properly mitigated, while seeking opportunities to simplify, automate, and improve wherever/whenever possible
• Data validation & reconciliation: production support, monthly trend analysis or ad hoc analysis
• Data sourcing, mapping and analysis, reporting
• Documentation – Provide Inputs on the Project documents etc.
• Continually identify process improvement opportunities

Liaison and Change

• Support change agenda across group and ensure processes are efficient, consistent, and sustainable, making best use of technology.
• Supporting DM and  enterprise Operational Excellence initiatives

• Exposure to Emerging technologies like Alteryx, Tableau, UiPath, etc

Requirements*

Education*

Graduation (Commerce graduate/Finance Postgraduates i.e. MBA Finance)

Experience Range*

2 to 4 years with Finance background

Foundational skills*

• Excellent written and verbal communication skills are necessary as the position requires global correspondence and communication with associates throughout the Bank of America footprint.
• Driven to learn and develop new skills.
• Ability to effectively manage multiple priorities and deliver as well as being able to adapt to changes.

• Ability to apply sound judgment, provide effective challenge and display confidence to challenge.
• Ability to self-manage and prioritize, pursue goals and consistently deliver results.
• Ability to apply sound judgment, provide effective challenge and display confidence to challenge.
• Ability to self-manage and prioritize, pursue goals and consistently deliver results.
• Prior experience of handling Finance and Business /Trade Reconciliations
• Proficient in the use of Advance MS Excel, Word, PowerPoint and MS Access

Desired skills

Advance MS excel, Basic SQL understanding, Alteryx, Power BI

Work Timings*

9 hours shift between 11 AM and 11 PM

Job Location*

Mumbai/Gurugram