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
The Senior Auditor, Corporate Audit, focusing on Global Markets Operations (GMO) and Non-Financial Regulatory Reporting, Tax & Credit Reporting Operations (NTCO) operations, will assist in managing the audit coverage for these organizations. This role is pivotal in ensuring the effectiveness of internal controls, risk management, and governance processes within the company’s global markets operations and NTCO.
As a key member of our audit department, the successful candidate will be responsible for comprehensively understanding and evaluating GMO and NTCO LOB activities to identify key processes, risks, assess the effectiveness of risk mitigating controls and report results to Audit and Business Management. This involves scrutinizing GMO processes and workflows that are outsourced to India to ensure they align with corporate policies, regulatory standards, and best practices. The candidate will conduct detailed assessments of GMO/NTCO operations, identifying potential risks and inefficiencies, and will provide actionable insights to improve controls and enhance overall operational efficiency.
Job Description
GMO activities include static data set up in Bank systems, trade capture validation, lifecycle events management, collateral management, settlements, Asset Services, management of client assets and client money and trade reconciliations. NTCO activities include Non-Financial Regulatory Reporting and client tax activities (calculation and remittance of withholding taxes and Tax reporting.
Responsibilities
Candidates will work directly with Audit teams and Audit leadership across all 3 regions and will work with Audit LOB subject matter experts in areas assigned to review. The successful candidate will receive training (business, regulatory, soft skills etc.) and additional instruction as needed and will be provided with testing objectives and guidelines. The candidate should have the ability to work independently, perform high quality risk-focused fieldwork, in accordance with Corporate Audit methodologies and standards in order to identify meaningful issues, risks and other exposures in the area of the Company being audited. In addition, the candidate is expected to create and maintain accurate and clear work documents, maintain effective and ongoing communication with Audit and Business management during audits and complete tasks efficiently (on time and accurately).
Requirements:
Foundational Skills:
Desired Skills
Work Location: GIFT City
Work timings: 11am to 8pm IST
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