Bank Of America Senior Manager 

India, Gujarat, Gandhinagar 

273975125

Process Overview*

GWIM Independent Testing, as a second line of defense function, is involved with confirm transactions and/or validation of documentation in the GWIM space. The purpose of the testing is to evaluate the validity and quality of the information used in the original transaction/instance and to protect Bank of America against fraud and misrepresentation & is required by investors/insurers and the bank.

Responsibilities*

• Review and approve transaction/distribution using various data sources to support reviews as per scripts

• Accountable for accurate and timely test execution and/or support activities related to a Testing Functional area

• Work closely with Risk, Compliance, and SMEs to conduct testing

• Daily responsibilities of this position include execution of test scripts, identifying and documenting defects and providing daily updates to test leads and managers as needed.

• Adhere to documented SLAs, Shift schedules and maintain on-time delivery of services.

• Adhere to the productivity & accuracy target on cross trained functions.

Requirements*

Any bachelor’s degree

Experience Range*

15+ years of experience. Extensive functional/process knowledge of the Wealth management businesses (i.e. Private Banking, Retirements Planning & Wealth Services, Investment Solutions group) is required.

Foundational skills*

• Detailed knowledge of various Investment productions (401k, Mutual Funds, Equities and ETF)
• Knowledge on Regulations and laws not limited to LRR (Volker, Reg Z, Reg O, FINRA)
• Understands the exact requirements of the LRR as per the Regulation type/category and impact of non-compliance.
• Understands the end-to-end lifecycle of various Wealth management Products including Trade, Clearing & Settlement
• Knowledge to analyze Balance Sheets, Income statements, and investing activities.

• Can explain the differences between common Mutual funds, Portfolio management, ETFs, and Investment management.
• Knows about the forms and documents require.
• Knows basic eligibility criteria like threshold limits.
• Attention to detail while performing Customer due diligence.
• Risk Tolerance in different products

• Responsible for Data Capturing, Process Documentations, Data Retention
• Execute, organize, and prioritize testing in a timely manner ensuring monthly deliverables are achieved while maintaining target accuracy ratios.
• Maintain good connect with LOB partners and able to handle Issues and Escalations independently.
• Preparation of results reports and dashboards, presentation for senior management and leadership team.
• Validate the current risk and compliance procedures and identify probable gaps and issues in the existing procedures.
• Manage Operations team and work as a mentor to the team for various business and technical acumen.
• Risk control mindset with the ability to formulate and communicate best practices.
• Ability to multi-task and easily transition between testing assignments.
• Executes Independent Compliance Risk Testing
• Applies Knowledge of Basic Sampling Methodologies
• Judgment & Decision Making
• Complex problem solving
• Proficient on Microsoft Office (Outlook, Word, EXCEL, and Communicator)

Desired skills

• Communicates with Impact

• Business Writing & Acumen

• Acts with Courage and Conviction

• Demonstrates Business Acumen

• Drives Operational Excellence

• Applies Critical Thinking

• Demonstrates Attention to Detail

• Demonstrates Integrity

• Collaboration & Partnership

• Time Management

Work Timings*

12:30 Hrs – 21:30 Hrs