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 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.

The Global Regulatory Reporting (GRR) function, a part of the Global Financial Control organization within the CFO Group, is responsible for accurate filing of non-liquidity related financial regulatory reports including call reports, cross-Border BEA and state fillings, FINREP, COREP, AnaCredit & Statistical reporting.

Job Description*

The GRR US Regulatory Reporting team ensures completeness, accuracy and timely submission of key reports to the US Regulators. This also includes ensuring the processes are executed and documented in a consistent manner. The team also partners with front-line units, control functions and governance teams to drive this objective.

The candidate would be part of the GRR US team and would be responsible for preparation, monitoring controls, conformance and partnering with governance for key deposits reports. This would also include ensuring smooth regulatory change implementation and collaborating with Technology and Data team.

The candidate would need to build strong working relationships across teams and have an internal-control mindset to allow for review and address challenges in report preparation.  Strong organizational, communication, technical skills, and attention to detail are a must.  The candidate should be able to execute, influence, and lead change where needed.

Responsibilities*

• Hands-on with preparation processes and ensure the production outputs are accurate, timely, complete, adherent and relevant
• Understand control framework, products, changes in business impact to outputs.
• Engage with data providers to confirm the reporting requirements are clear.
• Drive operational excellence by coordinating with upstream and downstream partners to ensure holistic efficiencies.
• Identify issues and isolate the drivers to define remediation path along with compensatory controls.
• Participate in efforts to streamline processes and make better use of emerging technology.
• Interact as needed with teams across the bank, including various Lines of Defense, external agencies, and other control groups.
• Assist in execution of GRR Governance and Control priorities such as spreadsheet controls implementation, training, reporting of metrics, regulatory change management, et al.

Requirements*

Education*

Chartered Accountant or post-graduate degree in finance with good grasp on technology/data.

B.E. or B.Tech with industry accredited finance certification.

Experience Range*

7+ years of which at least 2 years in relevant roles i.e. Regulatory reporting production, product controller, risk management etc.

Foundational skills*

• Broad understanding of bank products (loans, securities, cash) and a solid understanding of deposits.
• Hands-on experience with FFIEC-031 RC-O (Call Report), FRY-9C, FR2900, FR2420 and Summary of Deposits reports.
• Well versed with Reporting tools like Axiom and regulatory instructions.
• Strong technical skills; advanced knowledge of Microsoft Suite (Excel, Word, PowerPoint).
• Ability to work with stakeholders across teams, build consensus and execute strategic objectives.
• Good with data and any of ET tools like Alteryx, Tableau and SQL.
• Ability to think analytically and challenge historical assumptions.
• Excellent written and verbal communication skills.
• Ability to learn and adapt to change.
• Commitment to company values, brand, and the customer experience.

Desired skills*

• Knowledge of US regulatory reporting is preferred.
• Good understanding of Oracle database and AI fundamentals is preferred.

Work Timings*

11:30 am to 8:30 pm

Job Location*

Gurugram/Mumbai