Bank Of America Senior Manager 

India, Maharashtra, Vasai-Virar 

382451996

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*

This job is responsible for assisting in providing risk oversight and advice to the Line of Business (LOB) on risk management issues. Key responsibilities include monitoring and adhering to risk management policies, limits, standards, controls, metrics and thresholds within the defined corporate standards, assisting in conducting execution of risk framework activities including independent monitoring and testing of controls and risk management processes for the LOB.

This role aligns to the Global Regulatory Reporting (GRR) Team within the CFO Global Financial Control (GFC) department. GRR’s purpose is to drive high quality regulatory reports through operationally efficient processes to support the production of various regulatory reports as required by Regulatory authorities.

The role will have responsibility for reviewing GRR’s end to end processes to ensure that: the data inputs into the related reporting are complete and accurate; GRR’s processes, including regulatory aggregation and reporting logic, are being performed as intended and produce expected outcomes; and GRR’s controls are being executed correctly and working effectively.

The QA team will rotate through GRR’s submissions and will be expected to identify, define, and implement Operational Excellence opportunities. In addition, the role will require reviewing, leveraging, and supporting updates to: Business Requirement Documents, Data Dictionary documentation and Desktop Top Procedures.

Responsibilities*

• Assists in establishing and overseeing the risk management governance structure for the Line of Business (LOB)
• Assists in conducting execution of risk framework activities including monitoring and testing of controls and risk management processes for the LOB
• Ensures adherence to the policies and procedures established by the company

Experience Range*

Minimum 5+ years of regulatory reporting, Audit, Risk, Data or other relevant financial services or banking industry experience

Foundational skills*

• Strong background in financial regulatory reporting in the US, the UK and Europe.
• Deep understanding of prevalent regulatory environment and emerging regulatory expectations
• Experience of working as a product controller for derivatives, fixed income, equities or retail banking products
• Demonstrates a healthy skepticism and ability to partner with multiple stakeholders including, third-party vendor, to understand findings for root cause analysis
• Controls mindset with ability to perform root cause analysis and design adequate solutions
• Strong written and verbal communication
• Committed to continuous improvement of processes to maximize effectiveness and improve efficiency
• Proven ability to work in a collaborative environment to achieve stated objectives
• Strong organizational skills and attention to detail, and good with numbers
• Proficient with Microsoft Office products (particularly MS Excel, Word, Visio, PowerPoint)

Desired skills

• Experience of reading and writing SQL queries (TOAD, Tableau)
• Experience in working with large datasets

Work Timings*

11:30 am to 8:30 pm