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

The Global Markets NFRR is responsible for the preparation and submission of the NFRR reports on periodic basis and share with the Line of business. Key activities include - Generating the report from the GRRS application- Performing and Analyzing data quality checks- Investigate data issues found- Perform manual adjustments if any- Get signoff from relevant stake holders on the report generated- Archival of Submission and Supporting Documentation. Team also partners and support few other functions like Transformation, continuous improvement and Production Monitoring as horizontals.

Job Description

As part of the Bank of America Merrill Lynch NTCR Ops, the incumbent will be a part for Global Markets NFRR Team in India

Responsibilities:

The responsibilities of the incumbent would be to support the onboarding and report generation of the report in target state

• Understanding the regulation. Review of the data dictionary and DSL created for completeness to ensure completeness of all operational and reporting requirements
• Responsible for the identification, tracking, and remediation of data issues and control enhancements that impact the respective reports.

• Design, execute and monitor data quality checks that impact associated reports
• Liaise with technology to build these checks in the system
• Investigate and remediate issues related to non-compliance of report before submission, with the help of report owner and technology teams
• Once the report is in production, on a periodic basis perform all the below steps
• Generating the report from the target application
•  Performing and Analyzing data quality checks
•  Investigate data issues found
•  Perform manual adjustments if any
•  Get signoff from relevant stake holders on the report generated
•  Archival of Submission and Supporting Documentation

Requirements:

• Education: CA, MBA
• Certifications If any: NA
• Experience Range - 8 to 10 yrs

Foundational skills:

• Strong analytical and fact-based decision making Ability to meaningfully Analyze and report complex data for enterprise and reporting
• Experience in Auditing or Regulatory Reporting
• Good Knowledge on Global Markets and different traded products or knowledgeable of consumer products and processes within the bank
• Strong knowledge of data flow and connection points to determine the appropriate execution of controls
• Strong understanding of data controls and the reporting risks that can occur
• Communication and Interpersonal Skills: Ability to effectively communicate to Executive Leadership and others levels within the Bank
• Stake holder management (internal & external) across regions / functions / lines of business
• Sound knowledge of Microsoft Office applications – PowerPoint, Excel and Word and ability to work on these without any support

Desired skills:

• Analyze market data in relation to the Shareholding Disclosure regulation.
• Assisting the regional team in interpreting changes to regulatory rules and creating test data for rule testing.
• Experience in interpreting shareholding disclosure regulations within a financial organization (in compliance, operations, legal)
• Experience of using Aopshere's or Simons & Simons Rulefinder service is preferred along with staying up to date with Industry trends.
• Experience in technology implementation projects including involvement in building new or enhancing existing systems to meet complex reporting requirements.
• Advanced Word, PowerPoint skills and Analytical tools (Tableau and Micro Strategy) is a plus.

Work Timings: 12:30 PM – 9:30 PM IST

Job Location: Mumbai/Hyderabad/Chennai