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, Treasury Management Support on Capital, Liquidity and Balance Sheet Management, 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.

Corporate Treasury (CT) Global Liquidity Management (GLM) is responsible for analyzing the Enterprise's overall and relevant Legal Entity's individual liquidity positions, for assessing those positions and for proposing changes to them within the Enterprise's overall risk appetite. GLM is also responsible for daily and other periodic liquidity reporting to the Regulators (like US/EMEA/APAC) as well as to internal executive management for monitoring and measurement of liquidity risk by reporting Liquidity Coverage Ratio (LCR), Net Stable Funding Ratio (NSFR), Additional Liquidity Monitoring Metric (ALMM), FR2052a and

Job Description*

To perform the end-to-end Reporting on daily, weekly, monthly and quarterly basis for Liquidity Reporting for EMEA/US/APAC. This will include:

1. Understanding the regulatory submission framework as per EMEA/APAC/US guidelines and able to interlink the instructions for reporting purpose.

2. Collating data at product/market feed level on day-to-day basis

2. Sourcing, preparing, reviewing, and challenging Data Quality to fit that into the EMEA/US/APAC liquidity regulatory reports as per CoRep as per Basel III guidelines

3. Preparing EMEA /US/APAC regulatory reports on daily/weekly/monthly and quarterly basis

4. Ability to understand the EMEA Taxonomy and US regulatory changes to implement as per the regulatory requirements

5. Trend analysis, Variance analysis and commentary preparation for regulatory and management reports on day-to-day basis

6. Ability to handle stakeholders’ queries primarily from Regulators/Auditors and compliance partners or any other adhoc queries from Business

7. Able to initiate/participate any Tech initiatives with partnership of Technological on the Operational Excellence

8. High level of ownership and attention to detail

9. Energetic and self-motivated.  Candidate should have a strong intellectual curiosity

The role will involve collaborating with multiple on-shore and off-shore business partners across the bank to understand different report implementations. The candidate will be required to have an strong understanding of:

1. financial products (both banking book products like deposits, loans, commitments, etc. and markets products like secured funding, derivatives, prime brokerage, etc.); and,

2. global liquidity regulatory reports such as LCR, NSFR, FRB's 2052a report, ILST, PRA's 110, EU's ALMM, etc.

The role will require strong analytical skills and domain expertise to deal with Data quality issues, queries and their respective resolutions.

Education*

CA/MBA Finance

Experience Range*

3-7 years of which at least 1-2 years in relevant roles i.e. liquidity, regulatory capital calculations and/or capital reporting and/or securitization product controller

Foundational Skills*

• Knowledge of Liquidity, Traded, Banking and Capital market products
• Understanding the Regulatory reporting guidelines as per regulator (i.e., EMEA, APAC or US)
• Preparation of liquidity and management reports as a part of daily/weekly/Monthly/Quarterly basis
• Trend analysis, variance analysis, commentary in regards to regulatory and management reports
• XBRL generation before to proceed on the final regulatory reports submission to regulators
• Able to understand and interpret the new changes into workings received from Regulators via Line of Business, Global liquidity management across Globe
• Ability to participate in change management as per System/regulatory requirement and any other.
• Review the findings with relevant stakeholders
• Coordinate initial escalation and reporting management to address disputed observations/findings including agreeing additional testing
• Ability to review, grasp product data feeds on day to day basis
• Engagement with Global liquidity Management Report owners, SMEs and other stakeholders to obtain the relevant reports, reporting instructions, business requirements, interpretations.
• Ability to deal with multiple stakeholders including Technology, Internal and external auditors, tech partners and compliance partners
• Ability to understand complex tools, business processes and breakdown to process components.
• Strong relationship management and interpersonal skills, ability to build strong rapport, respect and trust with key stakeholders and constituents.

Desired Skills*

• Demonstrate ability to work in a fast-paced, every-changing, highly collaborative environment.
• Strong organizational skills and attention to detail, and good with numbers
• Professional written and verbal communication skills
• Proficient with Microsoft Office products (particularly MS Excel, Word, Visio, PowerPoint)
• Prioritize different reporting deliverables amidst of tight day to day delivery schedule
• Ability to respond appropriately to time-sensitive requests

Work Timings*

Flexible between 10:30 am to 10:30 pm

Job Location*

Mumbai