Assistant Manager

Job Description:

• Overview *

• Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.

  We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions.

  Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide

  This role is within the Remediation team. The purpose of the team is to apply analytical and project management expertise to Transaction Reporting breaches which have been identified, working with colleagues in Compliance, Operations and Technology until resolved. This is a very hands on role, ideal for someone who has a keen eye for detail, yet also seeks the managing and delivering on remediation

  * BA Continuum is a non-bank subsidiary of Bank of America, part of Global Business Services in the bank.

  Job Description

• Business Analysis throughout full project lifecycle including definition of problem statement, requirements, creation and execution of test plans, and ensuring business readiness for implementation.
• Ensuring appropriate due diligence is performed when resolving breaches ensure root cause, impact and any remediation actions are truly understood and documented.
• Continued focus to ensure oversight on other breaches and perform remediation activities to mitigate the risk of reoccurrence
• Managing audit trial of the remediation of each breach with appropriate review, documentation and sign off
• Ensure appropriate escalation and management information to operations, LOB areas and governance routines.
• Managing the delivery of breaches in purview of remediation, interact across multiple work-streams, working with the business and technology to ensure timely remediation.
• Partners with the business SMEs, Technology and Compliance.
• Manages risk and ensures documentation is in place to record the details of project delivery and testing to audit standard.
• Day to day activities includes thorough research on Breaches creating business documentation and tracking deliverables as required.
• Working with other change teams, to identify impacts onto Transaction Reporting and ensure that appropriate UAT or Regression testing is performed.
• Managing the back-reporting of all remediation items, including working with technology teams to define the requirements, and co-ordinate the submission of back reports
• Deliver on project commitments and goals, on-time and with agreed upon scope.
• Deliver for business partners like MO change management teams, Regulatory Operations Control team, Business Analyst team, and senior management team.
• Create and maintain strong relationships with project stakeholders and partners

• Requirements

• Education: Post graduation
• Experience: Transaction Reporting or regulatory reporting experience with regulatory environment experience
• Deep understanding of the regulatory trade and transaction reporting landscape would be ideal

• Mandatory Skill:

• Extensive business analysis, project management, data analysis and testing skills are required for this role
• Exposure to working with remediation of regulatory mis- reporting is an advantage.
• Familiar with key regulations covered by TR Ops: EMIR, MIFID (desired: REMIT, SMMD, MIFID II)
• Experience of working in Banking MO, Operations or other relevant functions
• Experience in remediating transaction reporting issues, including back-reporting
• Familiar with key trade flow components: how trades are booked, cleared, captured, consumed by the reporting systems, processed, submitted to the regulatory / repository)
• Product specific knowledge inside / outside of transaction reporting operations
• Experience in key transaction reporting systems and how they interact with each other
• Strong analytical skills and experience working with large data sets in Excel.
• Strong communication skills, both written and verbal.
• Ability to work independently and assess relative priority among competing issues.

• Desired Skill:

• Ability to assess and mitigate risks and dependencies.
• Excellent communication and relationship building skills.

• Work Timings

   Weekend off

• EMEA –12 30 – 21 30

• Job Location:  Gurugram/Mumbai/Hyderabad

• She/he will also be expected to develop and implement tactical and strategic solutions in different areas of operations within team.
• Also drive process improvement, operation excellence and other routines in the team.