Description

Job Description:

About Us

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We're devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Global Business Services

Global Business Services (GBS) delivers Technology and Operations capabilities to Lines of Business and Staff Support Functions of Bank of America through a centrally managed, globally integrated delivery model and globally resilient operations.

Global Business Services is recognized for flawless execution, sound risk management, operational resiliency, operational excellence and innovation.

In India, we are present in five locations and operate as BA Continuum India Private Limited (BACI), a non-banking subsidiary of Bank of America Corporation and the operating company for India operations of Global Business Services.

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*

The GRR Governance and Control team provides oversight of the internal control framework for regulatory reporting teams, ensuring processes are executed and documented in a consistent manner, issues are escalated and remediated timely, training is provided where needed, and governance routines are in place to track and report key performance/risk to senior management.

The candidate would be part of the GRR Governance and Control team and would be responsible for execution of strategic priorities to ensure best practices are applied across regulatory reporting teams. This would include review of report inventory management controls, partnering with teams across The CFO Group to ensure compliance with policies, and assisting senior management in executing on other GRR strategic priorities and projects to ensure a well-controlled environment.

The candidate would need to build strong working relationships across teams and have an internal-control mindset to allow for review and challenge in various areas. Strong organizational, communication, technical skills, and attention to detail are a must. The candidate should be able to execute, influence, and lead change where needed.

Responsibilities*

• Review and maintain inventory management controls using CFO tools.
• Partner with regulatory reporting teams across CFO to ensure implementation of internal control best practices.
• Review and challenge of evidence in place supporting regulatory reporting policy adherence.
• Assist in the maintenance of GRR process documentation.
• Participate in efforts to streamline processes and make better use of emerging technology.
• Assist in execution of other GRR Governance and Control priorities, such as spreadsheet controls implementation, training, reporting of metrics, regulatory change management, et al.
• Interact as needed with teams across the bank, including auditors and other control groups.

Requirements*

Education*

Chartered Accountant or post-graduate degree in business

Experience Range*

10+ years of which at least 8 years in relevant roles i.e. Regulatory reporting production, legal entity controller, product controller, risk management, operations, etc.

Foundational skills*

• Experience working in process, risk, compliance, or similar efforts
• Ability to work with stakeholders across teams, build consensus and execute strategic objectives
• Ability to think analytically and challenge management on assertions made
• Strong technical skills; advanced knowledge of Microsoft Suite (Excel, Word, PowerPoint)
• Attention to detail
• Excellent written and verbal communication skills
• Problem-solving; ability to quickly solve issues that arise
• Ability to learn and adapt to change
• Commitment to company values, brand, and the customer experience

Desired skills*

• Regulatory reporting experience preferred but not required
• Governance and control monitoring experience preferred but not required
• Project management skills a plus

Work Timings*

11:30 am to 8:30 pm

Job Location*

Mumbai