Assistant Manager
Bank of America
Gurugram, India
2d ago

Job Description : Overview

Overview

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.

We are a part of the Global Business Services which delivers technology and operations capabilities to Bank of America lines of business (LOB) and enterprise functions.

Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most.

This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.

  • BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.
  • Process Overview

    CRR is seeking a highly motivated individual seeking to expand their knowledge and expertise. The candidate will be responsible for governance and control support with respect to regulatory reporting, including and not limited to Issues management, Conformance to regulatory instructions, Identify potential risks, support policy validation testing, support XRep user-acceptance testing and other XRep maintenance tasks, access control reviews, training participation governance and potential to take on process documentation updates, support audit preparation etc.

    Job Description :

    The role will also require working with finance partners / reporting team members etc. to support documentation, interpretation and communication of regulatory reporting requirements and maintenance of reporting data dictionaries.

  • The scope of the data dictionary project 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.

    Manage 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 viz 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 should be able to :

  • Independently handle calls with the senior management.
  • 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 deadlines
  • Pay rigorous attention to compliance procedures
  • Requirements*

  • Education* CA / CWA / CPA / MBA (Finance) / B.Com (Hons.)
  • Certifications If Any
  • Experience Range* Minimum 4 years of relevant experience
  • Mandatory skills*

  • Advanced Excel (incl. VBA Macros) and MS Power point skills
  • Proficient project management skills incl. proficiency in MS Projects
  • Process & Control / Risk / Audit background
  • Understanding of Banking products.
  • Excellent communication, stakeholder mgt. skills.
  • Basic understanding of accounting and reporting concepts
  • Strong analytical skills with strong time management skills.
  • Team player
  • Work Timings flexible from shift prospective
  • Job Location GURUGRAM
  • Desired skills*

  • US GAAP knowledge is preferred
  • Visio and MS Access skills
  • Alteryx, Tableau
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