Bank of America Hiring for Manager Job at Mumbai Full Time

Job Description:

Overview (Bank overview, GBS India overview, Function Overview)*

Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services.

We are committed to attracting and retaining top talent across the globe to ensure our continued success. Along with taking care of our customers, we want to be the best place for people to work and aim at creating a work environment where all employees have the opportunity to achieve their goals.

We are a part of the Global Business Services which delivers technology and operations capabilities to all Bank of America lines of business (LOB) and enterprise functions.

Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most. This purpose defines and unites us. Every day, we are focused on delivering value, convenience, expertise and innovation for individuals, businesses and institutional investors we serve worldwide.

• BA Continuum is a nonbank subsidiary of Bank of America, part of Global Business Services in the bank.

Process Overview*

Global Finance is 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, Management Reporting & Analysis, Research & Analytics, Financial Transaction Processing, Finance Systems Support and Supply Chain Management. Over the years, the scope of

Global Finance has been expanded to include operations for other enterprise control functions like Human Resources, Regulatory Reporting and Risk and Compliance.

Job Description*

Europe Regulatory Reporting Group has overall responsibility for regulatory reporting for the Europe entities and branches. This includes those in the UK, Ireland and France. The individual will be part of a team responsible for the regulatory reporting activities encompassing but not limited to COREP, FINREP, Anacredit & Statistical Reporting to CBI , PRA and other regulators.

Responsibilities*

COREP & Capital Reporting – Responsibility will include

• Support production of COREP templates related to Market Risk & Counterparty Credit Risk.
• Provide commentary/advise business on the reporting of capital, RWA and related matters
• Ensure compliance with Regulatory Requirements under Basel III/CRD IV including reporting of own funds, credit risk, market risk, operational risk and leverage ratio
• Timely response of external & internal queries.
• Ensure adherence to Process & Governance routines

FINREP/ AnaCredit/Statistical Reporting

• Responsible for delivering monthly and quarterly templates for our Irish banking entity
• Preparation and posting adjustments in AXIOM and GRIFFIN
• Preparation of reconciliations Trial Balances vs Axiom
• Preparation of reconciliation ledger vs sub-ledger
• Preparation of variance analysis and commentary
• Work on regulatory changes viz. Taxonomy changes, additional requirements.
• Responding to various stakeholders both external and internal on queries raised by them.

Requirements*

Education*

Chartered Accountant

Certifications If Any

IFRS Diploma

Experience Range*

6 to 8 years

Foundational skills*

• Regulatory reporting experience in a financial services business specially focused on European Regulatory Reporting
• Knowledge of IFRS
• Prior experience of AXIOM platform
• Detail-focused and structured approach to defining, executing and evidencing deliverables
• Problem solving; curiosity; ability to think laterally and identify several possible solutions problems
• Dynamic, high energy, solid work ethic, willing to take on new initiatives some of which may initially lack definition
• Ability to think laterally and identify several possible solutions to problems
• Excellent written and verbal communication skills are necessary as the position requires global correspondence and communication with associates throughout the Bank of America footprint
• Remaining positive in the face of challenge
• Able to work in a fast paced, deadline oriented environment
• Demonstrate ability to work in a team, while contributing individually and across other teams
• Flexibility and good negotiations skills
• Proficient in the use of Excel, Word and MS Access

Desired skills

• Exposure to Emerging technologies like Alteryx, Tableau, UI Path, etc

Work Timings*

11:30 am to 08:30 PM IST (Flexible on month end)

Job Location*

Mumbai.

Job Band:

H6

Shift:

Hours Per Week:

45

Weekly Schedule:

Referral Bonus Amount:

0