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 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*

The 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 and Supply Chain Management.

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.

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

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

a) Data Management Activities: This includes implementing changes to different environments. Team is also engaged in activities such as Data Governance, Data Lineage, Production Data Validation, Master Data Management, Metadata management, working on Bulletins, Restatements & Change Tracker items

b) Data Sourcing and provisioning: The scope of EDA (Enterprise Data Architecture) includes defining and implementing data provisioning strategy to simplify the flow of data from all lines of business into critical enterprise functions. The provisioning strategy includes the definition of Authorized Data Sources (ADS) for domains of transaction data (e.g., mortgage), reference data (e.g., legal entity) and derived data (e.g., capital). This is an Enterprise-wide effort and team is expected to focus on developing/communicating data requirements for targeted Authorized Data Sources (ADS) and validating data in each Transaction ADS as they are built out.

Job Description*

• Individual will be a contributing member of the EMEA data operations team, with engagement in activities like Data validation for various regulatory deliverables per guidelines from Prudential Regulatory Authority, Bank of England and Central Bank of Ireland. This would include data validation (trade and counterparty reference data), data sourcing/research, issue resolution and testing, preparation of control and management reports. Griffin is the data warehouse wherein primarily data validation would be performed. Additionally, the individual is required to have good understanding of securities data. Individual will be required to analyze trade data to a granular level and make necessary adjustments if required to the data for accurate regulatory reporting.

Responsibilities*

• Data validation and reconciliation for EMEA regulatory reports
• Complete Finance Packs / dashboard and also walk through Business/Onshore partners on the same
• Manage relationship with Business/Onshore partners
• Ability to facilitate monthly production process, assist with project design and other implementation activities
• Documentation: provide inputs on the project documents, etc.
• Manage/Run controls to identify data quality gaps in underlying data
• Should be ready to work as an individual contributor
• Knowledge of Capital markets and trade related data. Individual should have good understanding of trade products.

Requirements*

Education*

Graduate/Postgraduate in Finance. CFA level-2 will also be preferred.

Certifications If Any NA

Experience Range*

3 to 6 years

Foundational skills*

• Excellent knowledge of financial products such as equities, bonds, options, swaps and other traded derivatives
• Ability to analyze trade data for gaps and perform data adjustments.
• Understanding on Finrep reporting. Must have prepared/validated/scrutinized Finrep report.
• Ability to independently communicate with stakeholders.
• Demonstrate ability to work in a fast-paced, every-changing, highly collaborative environment.
• Professional written and verbal communication skills
• Strong organizational skills and attention to detail, and good with numbers
• Strong relationship management and interpersonal skills, ability to build strong rapport, respect and trust with key stakeholders and constituents.

Desired skills

• Understanding of EMEA regulatory requirements such as Corep/Finrep
• Understanding of Counterparty Credit Risk
• General ledger reconciliation experience
• MS Excel knowledge

Work Timings*

11.30am - 8.30pm or 12.30pm - 9.30pm

Job Location*

Primary - Mumbai

Secondary - Gurugram