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 (GBS) 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*

Global Finance was set up in 2007 as a part of the CFO Global Delivery strategy to provide offshore delivery to Line of Business and Enterprise Finance functions. The capabilities hosted include Accounts Payable, General Accounting & Reconciliations, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing, Finance Systems Support & Regulatory reporting. Over the years, the scope of Global Finance has been expanded to include operations for other enterprise control functions like Human Resources and Risk and Compliance.

Job Description*

GRR is seeking a highly motivated individual seeking to expand their knowledge and expertise. The candidate will be responsible for preparation and review of regulatory reports/schedules/support tasks, documentation, interpretation and communication of regulatory reporting requirements, and maintenance of reporting data dictionaries.  The scope of the data dictionary includes reporting requirements as prescribed in Regulatory instructions and other regulatory guidance and definitions of data attributes/elements utilized in reports; mapping of source data files from data providers to reportable lines on the schedules; data provider documentation, gap analysis, logging of issues and sign off/approvals from key business partners.  Manages communication and relationships with our business partners to ensure consistent documentation and understanding of reporting requirements.  Assist in issue evaluation efforts including identification, remediation, monitoring and escalation activities.  This role will be focused on key banking products including but not limited to loans, deposits, derivatives, securities and trading assets.

Responsibilities*

The successful candidate will join a dynamic environment that offers numerous opportunities to learn, grow, impact and drive changes for the Company. In particular, the candidate will:

• Ensure timely completion of tasks and/or submission of schedules/reports as allocated including review as required
• Responsible for maintaining and ensuring completeness of process work papers and related documentation
• Reporting in compliance with the US GAAP and regulatory requirements
• Variance analysis, ensuring the compliance to FED requirements.
• Independently handle calls with the senior management, Audit etc.
• Work closely with teams across the organization including: Enterprise Stress Test, Lines of Business, Operations & Technology, Risk, Compliance, Financial Controls and Oversight, and other GFC (Global Financial Control) teams to resolve regulatory reporting issues.
• Be a quick learner and possess intellectual curiosity and proactively investigate issues
• Strive for quality and accuracy and have the dependability necessary to meet strict quarterly deadlines
• Pay rigorous attention to compliance procedures

Requirements*

Education*

CA/CWA/ CPA /MBA (Finance)

Certifications If Any - NA

Experience Range*

Minimum 4 years of relevant experience

Foundational skills*

• Strong Accounting and reporting skills
• US regulatory Report preparation/review experience viz FFIEC 009, FFIEC 101/102 or FRY-15/Call reports, FFIEC 031/FRY-9C/FRY-9LP, TIC Reports, FSB Reports etc.
• Proficiency in Axiom- Regulatory Reporting application
• Excellent communication skills
• Ability to understand the financial statements pertaining to Banking Industry
• Strong analytical skills with strong time management skills.
• Having good exposure to MS office including MS Word, Advanced Excel (including VBA) and Power point.
• Team player

Desired skills*

• US GAAP knowledge is preferred
• Alteryx, Tableau
• Understanding of Banking products.

Work Timings*

11.30 AM to 12.30 AM (13 hour window – 9 hour shift), Stretch basis report requirements and US Stakeholder support needs

Job Location*

Mumbai