Senior 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 gain experience, 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*

CFO Data Management India team was set up in 2023 as a part of the CFO Global Delivery strategy to provide offshore delivery to CFO Data Management, part of Enterprise CFO functions, consolidating legacy functions of Finance Data Management and Treasury Data Management. The capabilities hosted include Data Analysis, Product specialists with understanding of underlying Data for Regulatory Reporting, Reconciliations, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing and Finance Systems Support

Data Management team enables the Finance Organization and supports data needs of finance business users.

The Data Management team engages in various activities (including, but not limited to):

• Regulatory Reporting related data management Activities: Team support activities related to US Regulatory reports, data validation and resolution of Data quality issues.
• Team performs a critical role in providing centralized support for products such as Loans, Deposits, Derivatives, Cards etc. Data Quality/Validation and analysis for internal and external regulatory reporting.
• Team is engaged in activities such as validation of data for regulatory reports, data quality issue resolution, data reconciliation with authoritative sources and posting adjustments. Team actively works on strategic initiatives aimed at improving the quality of numbers reported in regulatory reports.
• Data Sourcing and provisioning: This includes defining and implementing data provisioning strategy to source the data from all lines of business into regulatory reports and management reports. Team is actively involved in sourcing initiatives where it works with various source systems, technology teams and report owners to source the data into regulatory reports as per regulator and stakeholder requirements.

Job Description*

Supporting Global Regulatory/Liquidity Reporting team to enrich the regulatory reporting by performing Daily, and Monthly Data Controls and Reconciliations to cover data Gaps and needs to perform set of controls for reference data management at product and reference data level. Data controls and data validations and reconciliations are to achieve a greater control on data prior the submission of regulatory/liquidity reports to regulators.

This job is responsible for ensuring operational data is fit for purpose, defining controls, and monitoring processes are in adherence to enterprise data management standards. Key responsibilities include triaging and remediating data incidents, performing data analysis, training new users, and performing impact analysis stemming from data updates. Job expectations include helping in defining access and ownership of data by domain, conducting quality control, and overseeing data maintenance.

Responsibilities*

• Ensures data is accurate, complete, and fit for performing data analyses through various testing procedures and data controls which help to identify business insights fit for purpose for a particular product set.
• Develops and executes on Enterprise Data Management policies and standards, works across teams to ensure adherence, serves as a key point of contact for all topics related to data compliance, and manages operational elements of the (Enterprise Data Strategy Governance and Operations (EDSGO) relationship.
• Manages data related incidents and identifies, communicates, and resolves or escalates issues as needed. Data inquiries include questions related to data issues, availability of data, and potential sourcing alternatives to inform.
• Develops, manages, and executes on controls, ensuring tracking, monitoring, and resolution of any control breaches with data platform.
• Execution of daily/monthly control routines supporting the completeness and accuracy of data consumed by downstream stakeholders.
• Conduct Data Quality/Data Validation investigations to determine root cause with focus on mitigating future reoccurrence, including daily reporting of identified breaks.
• Perform manual adjustments on daily/weekly/monthly basis and co-ordinate initial escalation and reporting management to address exceptions, threshold breaches and data quality/data gap remediation.
• Operational Excellence – enhance CFO DM processes through identification and analysis of processes and own the delivery of solution(s).
• Partners with Business and Technology functions to drive the development of business and functional requirements documents and ensures strategic upstream resolution for data related incidents.

Requirements*

Education*

BE/B Tech./MCA/ MBA Finance or equivalent qualifications

Certifications If Any NA

Experience Range*

10+ years of Techno-Functional experience in Finance/Banking domain with SQL/Alteryx/Tableau experience.

 Foundational skills*

• Good understanding of Regulatory reporting
• Proficient working with large databases, experience with data mining
• Advanced knowledge of Excel, PowerPoint, and SharePoint
• Excellent written and verbal communication skills
• Advanced SQL skills/Alteryx/Tableau
• Experience in driving change process/ re-engineering & automations.
• Flexibility to deal with multiple concurrent issues and tasks - ability to self-manage and prioritize
• Excellent problem-solving, analytical, and decision-making abilities
• Dynamic, high energy, solid work ethic, willing to take on initiatives.
• Able to excel and influence in a cross-functional team structure.
• Flexibility and good negotiations skills

Desired skills

• Proficiency with Alteryx, Tableau, and SQL programming languages

Work Timings*

Flexible between 10:30 AM till 10:30 PM (9 hours shift between this window)

Job Location*

Mumbai/Gurugram