דרושים ב-Bank Of America ב-India, Chennai

Responsibilities*

• Review the Global Economic Sanctions hits on Fircosoft for Asia Branches (Except India), EMEA Branches and US

• Investigate the transactions through open search; Bank of America customers to be looked on Interact; OWLS; Lexis Nexis; GESCM to be used to check on prior cases

• Escalate the close hits / potential hits to the next level (L2)

• Process the transactions from the OFAC queues within the currency cut offs/application deadline

• Work as per the Sanctions Queue allocation and raise any concerns

• Review and Monitor all currency cut offs across branches

• Comply with the KPIs and KRIs

• Report any escalations immediately and ensure timely resolution

• Must be fully conversant with Windows based IT systems, e.g., Word, Excel, PowerPoint, Outlook and Access

Requirements*

• Education* - Graduate (B.Com)

• Certifications If Any

• Experience * 4-8 years

Foundational skills*

• Experience In Sanctions Review process, Strong Payments knowledge (Swift)

• Good Communication Skills & exposure into Fircosoft

• Quick adaptation to changing Regulatory and Sanctions Landscape

Desired skills*

• Ability to conduct deep dive research, Preferred exposure to FircoSoft application

Work Timings*

• Staggered Night Shifts (Any 9 Hours shift on rotation basis)

Process Overview*

GRA Facilitates information advantage and a unified data science strategy across Bank of America by advancing data science and promoting transparency, coordination, and governance of AI applications to support multiple lines of business and control functions.

Job Description*

• Forecast Administration and Analytics employees possess a broad set of skills necessary to evaluate financial risk, produce regulatory reporting and evaluate portfolio risk for emerging, systemic, concentration and idiosyncratic risks. They collaborate with business partners to identify risk mitigation strategies. They possess high levels of skill in portfolio analysis, econometrics, financial analysis and data visualization.

• Forecast Operations team members utilize their skills in data wrangling, process engineering, database management and software development lifecycle project management to ensure that the processes to create forecasts is well controlled. These team members leverage skills in quantitative methods to conduct ongoing monitoring of model performance. They also possess capabilities in data science and data visualization techniques and tools.

• Model Development team members possess the skills needed to translate the Bank’s risks into models. They are able to produce professional research, evaluate data, conceptualize mathematical frameworks, and build robust code that reflects those frameworks. They are also able to thoroughly document the models they have built and present those models, regardless of complexity, to a wide range of stakeholders.

• Business Strategy and Governance team members support the WRA functions by providing expertise in operational risk, project portfolio management, and organizational development. These employees rely upon their ability to collaborate across the Enterprise, including with HR, PMO, Finance, Vendor Management and Compliance and Audit functions

Responsibilities

• Execution of Loss Forecasting models and related attributions & sensitivities for both the Commercial and Industry + Commercial Real Estate Wholesale portfolios on a Weekly, Monthly and Quarterly basis covering the following use cases:
  • Climate (Forecasting impacts on the wholesale portfolio as a result of Climate related events)
  • IFRS9 (International Financial Reporting Standard 9)
  • CECL (Current Expected Credit Losses)
  • CCAR (Comprehensive Capital Analysis And Review)
• Support ad-hoc requests related to above mentioned use cases
• Facilitate reporting and reporting workflow generation
• Engage in process re-engineering to improve operational efficiency
• Perform control and governance related functions to support compliance/regulatory deliverables
• Proactively solve challenges with process design deficiencies, implementation and remediation efforts
• Partner with the IT team to perform system related design assessments, user acceptance testing and implementation of updated models
• Build and maintain strong partnerships with internal and external partners

Education*

• BE / MCA

Certifications If Any

• Statistics, operations research, economics, finance, physics or mathematics

Experience Range*

• 5 to 7 Years

Foundational Skills

• Basic understanding of Credit Risk
• Experience with SAS, SQL, R and other related software and hardware
• Experience in data analysis, with strong research and analytical skills
• Fundamental understanding of micro and macroeconomic concepts
• Strong attention to detail and exercises quality control over own work.

Desired Skills

• A successful candidate demonstrates learning abilities and following behaviors (not in priority order):
• Is respectful of and curious about what he/she does not know
• Thinks holistically with business and economic intuition
• Listens and learns about model uses, data analysis and sources, technology implementation, credit risk and business , regulation and regulatory guidance, macro/market/credit economics, accounting, capital, stress testing, allowance for loan lease losses
• Executes, is over-prepared and under-whelmed
• Integrates seamlessly across complex set of stakeholders, internal partners, external resources
• Becomes aware and is flexible, adaptive, and proactive
• Is compelling in verbal, non-verbal and writing and communicates with intention

Work Timings*

• 11:30 AM to 8:30 PM IST

Job Location*

• Chennai, Hyderabad

Process Overview*

Document, Content and Records services provide technology platform for managing the digital document lifecycle for bank documents. This includes composing a document, capturing document, providing a storage repository and ability to search , retrieve and view the document. The capability also includes extraction of data from documents using Machine learning/OCR and other advanced technologies.

Job Description*

Will be involved in designing / developing / maintaining/ imaging applications for Document, Content and Record Services group. The person should be able to independently analyze and gather requirement, estimate work, plan schedule, document system design specs coordinate with multiple teams, attend technical meetings to satisfy both functional and performance requirements, provide deployment build and release documentation. Should be able to multitask with more than one project at a time. Should be familiar with the entire SDLC of a project. The role would also involve troubleshooting of urgent production issues during deployment, major system down time. The role involves working closely with the production support team to understand the issues coming in production and building automation to improve the stability, availability and resiliency of the production platform. The role involves analyzing Splunk and Dynatrace dashboard to identify problems and provide solutions.

Responsibilities*

• Will be involved in migration of content from legacy systems
• Will be involved in performance tuning and improving the system stability
• Will be involved in planning and executing DR strategies
• Work with offshore and onshore team to develop code as per the project need and timelines
• Participate in Agile calls, review of user stories and raise queries to relevant stakeholder
• Work with other teams as required for integration of code and fix the integration defects
• Create technical specifications as needed and perform unit testing
• Working on Java, Springboot, Mongo DB, NoSQL DB.

Education*

• Graduation / Post Graduation
• Certifications If Any:

Experience Range*

• 6-12 Years

Foundational Skills*

• Java/J2EE , Spring boot
• Mongo DB/ NoSQL DB
• Technical Analysis Skills

Desired Skills*

• Working experience on large content management platform
• Working experience on large cloud based infrastructure

Work Timings*

• 11 AM – 8 PM IST

Job Location*

• Chennai, Mumbai

The role requires the candidate to process branch operations related activities, to manage Cash counter, trade and treasury transactions with good accuracy and speed to meet the defined TAT.

Responsibilities:

• Efficiently process cash management and trade and treasury transactions
• Ensure Processing as per TAT’s
• Responsible for effectively processing of transactions
• Engage with clients to build strong relationship and effectively manage their expectations.
• Generate new ideas and contribute towards process improvement.

Skills:

• Graduate with minimum 2-3 years’ experience or MBA with 1-2 years’ experience in Banking Operation
• Should possess basic knowledge of Banking
• Responsible for effectively handling trade and treasury transactions
• Responsible for efficient handling of the Cash Management Process for the branch
• Good customer service and interpersonal skills
• Good verbal and written communication skills
• Ability to manage volumes with accuracy
• Ensure compliance with reporting/ response deadlines
• Ensuring adequate controls are in place and Support Client Services and Implementation on client review and requirements
• Regular interaction with Internal and External stakeholders, clients and peers across branches for job related activities.
• Contributing towards department efforts in the areas of constant process improvement, improving productivity rates.

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

This job is responsible for defining and leading the engineering approach for complex features to deliver significant business outcomes. Key responsibilities of the job include delivering complex features and technology, enabling development efficiencies, providing technical thought leadership based on conducting multiple software implementations, and applying both depth and breadth in a number of technical competencies. Additionally, this job is accountable for end-to-end solution design and delivery.

Responsibilities:

• Ensures that the design and engineering approach for complex features are consistent with the larger portfolio solution
• Define the technology tool stack for the solution and evaluate and adapt new testing tool/framework/practices for team(s)
• Enables team(s)/applications with Continuous Integration/Continuous Development (CI/CD) capabilities and engages with other technical stakeholders pertaining to efficient functioning of CI-CD pipeline
• Guides and influences team(s) on design and best practices for high code performance –e.g. pairing, code reviews
• Provides end-to-end delivery of complex features, including automation, for either a single team or multiple teams, at the program level
• Conducts research, design prototyping and other exploration activities such as evaluating new toolsets and components for release management, CI/CD, and features
• Works with stakeholders to establish high-level solution needs and with architects for technical requirements

Skills:

• Automation
• Influence
• Result Orientation
• Stakeholder Management
• Technical Strategy Development
• Application Development
• Architecture
• Business Acumen
• Risk Management
• Solution Design
• Agile Practices
• Analytical Thinking
• Collaboration
• Data Management
• Solution Delivery Process