Bank Of America Senior Operations Manager 

India, Maharashtra, Vasai-Virar 

849177821

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 GBS ECM team, which is part of the Treasury organization within CFO division, is a new capability that will support the ECM in delivering the Regulatory Capital calculations at both Bank of America (BAC) enterprise level and at standalone entity levels. This team will be responsible for developing, implementing and running the capital calculation for Markets and Banking products and for upcoming GSIB capital requirements.

Job Description*

This role is for a subject matter resource responsible for regulatory capital calculations for banking, secured funding and cash product. The resource will be responsible for (1) understanding and defining the regulatory capital requirements for the US Banks, (2) owning the capital calculation engine for the product and driving any updates or changes as maybe required from time to time and (3) ensuring for timely completion of the calculation process and associated governance. It requires working closely with the Calculations team lead in the US, the finance and business partners, including upstream / downstream stakeholders and Technology to ensure a complete, accurate and timely deliverable.

Responsibilities*

• Owning the regulatory capital requirements for the banking product, secured funding and cash and equities products – this includes:
  • ensuring complete and accurate data,
  • conformance to regulatory requirements,
  • appropriate checks and controls, and
  • managing the associated governance routines
• Liaise and coordinate with finance partners for month-end financial close process and controls
• Manage business stakeholders and address questions/concerns on regulatory capital calculations for their products
• Understanding the in-house capital calculator and documenting business requirements for changes required
• Facilitate review sessions with Business, Finance, Risk and other teams where relevant

Experience Range*

12+ years of which at least 7 years in relevant roles i.e. regulatory capital calculations and/or capital reporting and/or product controller

Foundational skills*

• Extremely strong knowledge of the US/Basel 3 capital rules
• Experience of working as a product controller preferably for securitization products
• Experience in running Month End financial close processes and controls
• Experience of policy/procedure writing
• Ability to understand complex business processes and breakdown to process components.
• Strong relationship management and interpersonal skills, ability to build strong rapport, respect and trust with key stakeholders and constituents.
• Demonstrate ability to work in a fast-paced, every-changing, highly collaborative environment.
• Strong organizational skills and attention to detail, and good with numbers
• Professional written and verbal communication skills
• Previous experience of SQL query writing (TOAD, Tableau)
• Proficient with Microsoft Office products (particularly MS Excel, Word, Visio, PowerPoint)

Desired skills

• Knowledge of Banking and Capital market products
• Proficient in advanced SQL, Database knowledge & ability to analyze data and related flows
• Experience in working with large datasets
• Report analysis, design, and development

Work Timings*

11:30 am to 8:30 pm