Officer / Assistant Vice President Client Implementation - Trade Finance jobs at Bank Of America in India, Chennai

The current role is for the Submission control and below is the description of the role.

• Deliver on project commitments and goals, on-time and with agreed upon scope.
• Good understanding of Regulatory reporting land scape for CFTC, EMIR, HKMA and AMRS
• Data mining of huge data sets containing millions of records to identify target issue
• Exposure of working on regulatory queries and reaching out to Compliance/DTCC/Regulator to get clarity
• Good understanding of timeliness requirement for different jurisdictions
• Experience in using BI tools like Alteryx and Tableau to automate reports
• Well versed in identifying a regulatory breach and raising it with the compliance team
• Deliver for business partners: FO, BO and Cirrus Development teams, MO change management teams, Regulatory Operations Control team, Business Analyst team, and senior management team.
• Create and maintain strong relationships with stakeholders and Business partners.
• Identify tech issues, raise JIRAs and work with Development teams to fix the issue
• Collaborate with all submission control teams to update the TREF (Transaction Reporting Executive forum) deck with executive summary and commentary
• Should be a team player and should have the ability to work on all BAU reports
• Attend and contribute to team meetings
• This is a very hands on role, ideal for someone with drive and willingness to learn and adapt, is proactive and has very good knowledge about the reporting regulation and the reporting system architecture Responsibilities
• Ensuring the completeness, accuracy and timeliness of transaction reporting submissions across multiple regulatory regimes (e.g. Dodd Frank, EMIR, MIFID/MIFIR, etc.)
• Engagement in designing, implementing and maintaining operation process
• Generate daily reports and analyze patterns to derive meaningful information
• Management reporting and issue escalation and resolution
• Remaining current on the Regulatory Reporting landscape to ensure the firm’s reporting remains in step with changes in regulatory environment

Responsibilities:

• Responsible for working closely with GTR and Industry Working Groups(WG)
• Host WG calls with various internal groups to implement the industry/regulatory changes for MAS, HKMA and other Asian jurisdictions
• Track the progress of the implementation of changes and work closely with various team in FO/MO/Dev teams and Reporting Dev team
• Responsible to document the changes and work closely with the compliance teams
• Raise breach as per the guidelines and ensure remediation of the issue
• Investigate and identify the root cause for the Transaction Reporting breaks and coordinate with FO/MO/Tech to fix them
• Review controls on regular basis and challenge status quo
• Work with change and initiative team on new changes and provide requirement for controls ahead of going live with new jurisdiction.

Requirements:

Post Graduation
Certifications If Any : NA

9+ Years of overall experience

Foundational Skills

• Knowledge and experience with Global Markets regulations such as Dodd Frank, HKMA, ASIC, MAS and EMIR
• Solid trade processing knowledge; front, middle and back office, (FO, MO, BO).
• Familiarity with counter party clearing: LCH. Clearnet (London Clearing House), Chicago Mercantile Exchange, Intercontinental Exchange (ICE), CBOE, OCC highly desirable.
• Strong analytical skills and experience working with large data sets in Excel.
• Excellent organizational skills to track many concurrent activities.
• Strong communication skills, both written and verbal.
• Ability to work independently and assess relative priority among competing issues

Desired Skills

• Adapts to changes and has a proven track record of working as part of a global team
• Ability to assess and mitigate risks and dependencies.
• Excellent communication and relationship building skills.
• Proactive and self-starter

: 12.30 to 21.30 IST

Responsibilities

Consolidation of all key Scorecard metrics (Operations, People, Shareholder, Risk) for all sub-LOB’s

Managing Forecasting, Financials, budgets and Headcount Management

Govern different tool at GBS or Operations level which are developed as a control for remediating audit issues

Drive Operational Excellence by consistently striving to achieve responsible growth

Interactions with various stakeholders, including senior management

Escalate issues in a timely manner

Requirements

Education- Minimum Graduate

• Certifications – Process Excellence, PMP (Optional)

: Overall experience of 9+ years

Foundational Skills :

• Expert level written and verbal communication skills, strong decision making ability and attention to detail are equally important.
• A self-motivated, structured and logical thinker
• Excellent analytical and problem solving skills, ability to demonstrate decisiveness and sound sense of judgment, knowing when to escalate
• Experience in managing small / medium-size / large projects/ Stakeholder / Client Management
• Attention to detail, delivering high quality output
• Strong assertiveness, listening, influencing and diplomacy skills
• Partnership and communication skills (verbal and written)
• Must be exceedingly well organized, flexible and display strong prioritizing, planning and organizing skills
• Strong controls background with previous experience of implementing and maintaining key business controls
• Should be a team player with strong execution focus
• Ability to work well with and communicate with others, from teammates to executives
• Ability to juggle multiple work efforts and to quickly change direction as needed
• Strong knowledge of MS Office, including Word, Excel, PowerPoint
• Good project management skills
• Proficient in MS Office application like word, Excel and PowerPoint, Visio
• Experience in producing MI reports and tracking reportable MI

Desired Skills :

• Should be self-driven, have the ability to handle pressure and deliver under stringent timelines. Should have high energy levels and confidence.
• Self-starter and team player with a strong work ethic willing to work in a challenging environment
• Translates strategies into plans that can be effectively executed
• Anticipates risks and obstacles and devises plans to manage them
• Pursues aggressive goals and continuously raises performance expectations to achieve excellence
• Promotes continuous learning and development
• Makes tough decisions when they are needed and acts quickly in getting things done
• Organizes and runs effective meetings and workshops
• Communicates clearly and concisely, verbally and in writing, at all levels within the organization

: 11:30 to 20:30 IST

Job Description:

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.

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 operating model at BACI requires many of its business processes to work round the clock. The Transport function plays a pivotal role in fulfilling the business needs. Employee Transport Function is very complex and dynamic in operations and requirements. It requires meticulous planning, technology support and timely action. Within the BACI Framework, Transport function rolls up to the larger umbrella of GBS Management Services and is responsible for the following –

• Provide convenience of transport to the employees as per the laid out guidelines
• Ensure the safety of all the employees while they are travelling in company provided transport
• Address employee’s concerns such as Security issues, Travel Time reduction etc.
• Adhering to all the LRR’s.

Job Description*

The candidate will be responsible for performing administrative duties requiring attention to detail, managing day-to-day operations and its challenges

Responsibilities*

• Lead the day to day management and delivery of the transport team including the management of the outsourced partners with enhanced focus on building an efficient and customer centric environment with the function
• Direct Operations (e.g. Safety measures, Inspections, Vehicle availability etc.) for the purpose of providing services within established guidelines and in compliance with related requirements
• Implement strategies to cut cost and drive continuous improvement in all aspects of Transport Function
• Assesincidents/accidents/complaintsfor the purpose of resolving or recommending a resolution to the situation
• Drive Quality Initiatives with in the team to improve process capability and enhance process efficiency
• Monitor and report progress against business delivery targets by effective management
• Perform personnel functions (evaluating, supervising, counseling, disciplining, training etc.) to maintain adequate staffing, enhance productivity of personnel and achieving functional objectives within budget
• Present Information, gain feedback and ensure adherence to established Internal controls

Education*-

• Graduate in any stream
• Certifications If Any

Experience Range*-

• Overall Experience of 6 to 8 years inTransport administrationManagement

Foundational skills*

• Effective interpersonal skills
• Effective written & verbal communication and strong presentation creation skills
• Ability to work with multiple stakeholders
• Analytics & data crunching ability
• Ability to communicate complex information very clearly to all levels of staff
• Ability to actively contribute new ideas for improvements to current processes
• Proficiency in MS Office – Should have excellent knowledge of MS Excel and PowerPoint

Desired skills*

• Experience in interaction across multiple functions(across Operations, Enterprise Support)

Work Timings*- Flexibility to work in rotational shifts

*- Chennai

The current role is for the Submission control and below is the description of the role.

• Deliver on project commitments and goals, on-time and with agreed upon scope.
• Good understanding of Regulatory reporting land scape for CFTC, EMIR, HKMA and AMRS
• Data mining of huge data sets containing millions of records to identify target issue
• Exposure of working on regulatory queries and reaching out to Compliance/DTCC/Regulator to get clarity
• Good understanding of timeliness requirement for different jurisdictions
• Experience in using BI tools like Alteryx and Tableau to automate reports
• Well versed in identifying a regulatory breach and raising it with the compliance team
• Deliver for business partners: FO, BO and Cirrus Development teams, MO change management teams, Regulatory Operations Control team, Business Analyst team, and senior management team.
• Create and maintain strong relationships with stakeholders and Business partners.
• Identify tech issues, raise JIRAs and work with Development teams to fix the issue
• Collaborate with all submission control teams to update the TREF (Transaction Reporting Executive forum) deck with executive summary and commentary
• Should be a team player and should have the ability to work on all BAU reports
• Attend and contribute to team meetings
• This is a very hands on role, ideal for someone with drive and willingness to learn and adapt, is proactive and has very good knowledge about the reporting regulation and the reporting system architecture Responsibilities
• Ensuring the completeness, accuracy and timeliness of transaction reporting submissions across multiple regulatory regimes (e.g. Dodd Frank, EMIR, MIFID/MIFIR, etc.)
• Engagement in designing, implementing and maintaining operation process
• Generate daily reports and analyze patterns to derive meaningful information
• Management reporting and issue escalation and resolution
• Remaining current on the Regulatory Reporting landscape to ensure the firm’s reporting remains in step with changes in regulatory environment

Responsibilities:

• Responsible for working closely with GTR and Industry Working Groups(WG)
• Host WG calls with various internal groups to implement the industry/regulatory changes for MAS, HKMA and other Asian jurisdictions
• Track the progress of the implementation of changes and work closely with various team in FO/MO/Dev teams and Reporting Dev team
• Responsible to document the changes and work closely with the compliance teams
• Raise breach as per the guidelines and ensure remediation of the issue
• Investigate and identify the root cause for the Transaction Reporting breaks and coordinate with FO/MO/Tech to fix them
• Review controls on regular basis and challenge status quo
• Work with change and initiative team on new changes and provide requirement for controls ahead of going live with new jurisdiction.

Requirements:

Post Graduation
Certifications If Any : NA

9+ Years of overall experience

Foundational Skills

• Knowledge and experience with Global Markets regulations such as Dodd Frank, HKMA, ASIC, MAS and EMIR
• Solid trade processing knowledge; front, middle and back office, (FO, MO, BO).
• Familiarity with counter party clearing: LCH. Clearnet (London Clearing House), Chicago Mercantile Exchange, Intercontinental Exchange (ICE), CBOE, OCC highly desirable.
• Strong analytical skills and experience working with large data sets in Excel.
• Excellent organizational skills to track many concurrent activities.
• Strong communication skills, both written and verbal.
• Ability to work independently and assess relative priority among competing issues

Desired Skills

• Adapts to changes and has a proven track record of working as part of a global team
• Ability to assess and mitigate risks and dependencies.
• Excellent communication and relationship building skills.
• Proactive and self-starter

: 12.30 to 21.30 IST

Job Description:

Job Description:

Responsibilities:

• Implements standard/common trade and supply chain finance product requests for clients.
• Monitors progress of implementation and/or end-to-end resolution as applicable.
• Responds to implementation requests received through workflow systems, email, and questions from internal partners or clients.
• Conducts research using various bank systems to enable response to client questions and inquiries.
• Responsible for acting as the primary interface with the client to establish all connectivity between organizations.
• Organizes all internal and external activities to ensure a timely and smooth client implementation process related to trade finance products, services, and technology solutions.
• Manage dedicated service mailbox.
• Prioritize client requests, track, and implement eligible items.
• Perform CashPro Trade client setups, establish data transmission connectivity, and support file testing activities.
• Supports internal project requests related to the broader onboarding and implementation process.
• Facilitates client CashPro Trade client training for complex product requests.

Skills:

• Excellent client communication skills (written and verbal).
• Ability to management timelines, display sound judgment, and identify points for escalation using active listening.
• Collaborative, experienced in working with business partners to achieve goals and successfully complete projects and initiatives.
• Good organizational and time management skills.
• Critical thinking & problem-solving skills.
• Ability to coordinate with multiple stakeholders and conflicting priorities.
• Experience with Microsoft Excel, Outlook, PowerPoint, Word.
• Attention to Detail.
• Customer and Client Focus.
• Adaptability.
• Analytical Thinking.
• Active Listening.
• Stakeholder Management.

• Background in Trade & Supply Chain Finance.
• Trade end to end process and trade products.
• Project management experience.
• Typically individual will have 2 to 4 years Trade experience.

Job Description*

The Sampling and Test Development Specialist II, with minimal supervision, works in collaboration with the Test Owners, Front Line Units, other Sampling and Test Development resources along with the Test Execution Teams to design and assess the quality of both manual and automated tests, validate data sourcing, conduct required sampling governance or distribute samples for testing, and design or revise sampling procedure documentation, with expert level efficiency and quality. This includes driving test structure to support automation. They will make required changes to new and existing test scripts and test plan documentation, as well as sample and data requirements and maintain integrity within the system of record.

The Sampling and Test Development Specialist II will independently gather test scripting and data requirements and work with data partners to ensure appropriate test design and sampling requirements are incorporated in to the Test Plans Evaluates if pilot testing is required and participate in testing as needed and participates in other phases of testing (intake, execution, reporting) to provide expertise and feedback on areas assigned. Maintains SOR (System of Record) tracking of test status per standards. Provides peer coaching and direction where needed.

Responsibilities*

This role is responsible for accessing pertinent databases or acquiring raw data from third party sources along with all associated documentation and for documenting business procedures within testing scripts. The Sampling and Test Development Specialist II often acts independently to uncover and resolve issues associated with procurement of data to be used for testing and the structure and design of complex tests.

This role will deliver high-quality results and manage, manipulate and summarize large quantities of data. The Sampling and Test Development Specialist II must participate in and occasionally lead additional projects across Sampling and Test Development including escalation of areas requiring process refinement and revision and taking leadership role to affect changes when needed.

Requirements*

Graduates or Post-Graduates in Computer Science, Software Engineering, Statistics. Tech/B.E./B.Sc.(Statistics)/B.C.A./M.C.A/M.Sc.
(Statistics)

Certifications If Any - NA

4-6 yrs

Foundational skills*

• Advanced understanding of automation tools and ability to influence test owners to define ways to structure tests in an automated fashion.
• Advanced knowledge of data warehouse and mining concepts and baseline understanding of SAS/SQL query language and syntax
• Experience building queries to source data from a variety of different types of data sources such as DB2, Teradata, Oracle, SQL Server, Hadoop, Hive, Python
• Proficiency with MS Office suite with an emphasis on Excel to perform data analytics, pivot tables, lookups and data analytics
• Proven ability to leverage automation efficiencies, tools, and capabilities where possible.
• Experience building data acquisition routines in a tool such as Trifacta, Alteryx, MicroStrategy, Tableau, Cognos, Python (or other similar business intelligence applications)
• Strong research, analytical, problem-solving, and technical skills
• Demonstrated project management skills; Ability to handle multiple competing priorities with demonstrated success at achieving SLA (Service Level Agreements)
• Strong partnership and influencing skills.
• Excellent verbal and written communication skills as well as interpersonal skills
• Self-starter, organized, versatile, capable of performing work independently with minimal direction.
• Ability to think independently, solve complex problems, and develop integrated solutions.
• Ability to translate business objectives to comprehensive test requirements.
• Demonstrated ability to interface effectively with Senior management.
• Strong team player

Desired skills:

• Compliance or Risk certification a plus

1.30 PM - 10.30 PM