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Senior Manager – Vacancy for CA/CMA/CPA/MBA in Bank of America

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The Bank of America has invited applications for the post of “Senior Manager” in Gurugram, India; Andheri(E), Mumbai.

About Bank of America

Bank of America is one of the world’s largest 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. BA Continuum is a nonbank subsidiary of Bank of America, part of our Global Delivery Center of Expertise in the bank. Our employees help our customers and clients at every stage of their financial lives, helping them connect to what matters most.

Responsibilities

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  • CRR is seeking a highly motivated individual seeking to expand their knowledge and expertise. The candidate will be responsible for preparation and/or review of regulatory reports/schedules/support tasks, documentation, interpretation and communication of regulatory reporting requirements, and maintenance of reporting data dictionaries.  The scope of the data dictionary includes reporting requirements as prescribed in Regulatory instructions and other regulatory guidance and definitions of data attributes/elements utilized in reports; mapping of source data files from data providers to reportable lines on the schedules; data provider documentation, gap analysis, logging of issues and sign off/approvals from key business partners.  Manages communication and relationships with our business partners to ensure consistent documentation and understanding of reporting requirements.  Assist in issue evaluation efforts including identification, remediation, monitoring and escalation activities.  This role will be focused on key banking products including but not limited to loans, deposits, derivatives, securities and trading assets.
  • The successful candidate will join a dynamic environment that offers numerous opportunities to learn, grow, impact and drive changes for the Company. In particular, the candidate will:
  • • Ensure timely completion of tasks and/or submission of schedules/reports as allocated including review as required
  • • Responsible for maintaining and ensuring completeness of process work papers and related documentation
  • • Reporting in compliance with the US GAAP and regulatory requirements
  • • Variance analysis, ensuring the compliance to FED requirements.
  • • Drive and support Audit/Regulatory examination/Identify and remediate SIAI/AIAIs etc.
  • • Independently handle reviews/calls with the senior management, Audit, Regulators etc.
  • • Proficient with working on various systems and applications and understand the data flows in the context of specific product domains viz. securities, investments, derivatives etc.
  • • Work closely with teams across the organization including: Enterprise Stress Test, Lines of Business, Operations & Technology, Risk, Compliance, Financial Controls and Oversight, and other GFC (Global Financial Control) teams to resolve regulatory reporting issues.
  • • Be a quick learner and possess intellectual curiosity and proactively investigate issues
  • • Strive for quality and accuracy and have the dependability necessary to meet strict quarterly deadlines
  • • Pay rigorous attention to compliance procedures

Qualifications

CA/CWA/ CPA /MBA (Finance)

 Certifications If Any

Experience Range

9-11 years of total experience in Banking of which at least 8 years of relevant experience (combination of LEC and US Regulatory Reporting/SEC)

 Foundational skills

– Strong Accounting and reporting skills

– US regulatory Report preparation/review experience viz FR Y-9C, FFIEC 031/041, FR Y-15, FFIEC 009, FR 2510, FR 2590, FRY 14Q/M, FFIEC 101/102, TIC Reports, FSB Reports etc.

– Strong understanding of the reporting instructions

– Proficiency in Axiom- Regulatory Reporting application

– Basic SQL to fetch data from the data source

– Excellent communication skills

– Ability to understand the financial statements pertaining to Banking Industry

– Strong analytical skills with strong time management skills.

– Having good exposure to MS office including MS Word, Advanced Excel (including VBA) and Power point.

– Team player

 Desired skills

– US GAAP knowledge is preferred

– Alteryx, Tableau, SQL, Power BI

– Understanding of Banking products

Work Timings

11.30 AM to 12.30 AM (13 hour window – 9 hour shift), Stretch basis report requirements and US Stakeholder support needs

Job Location

Gurugram/Mumbai

If you want to apply for the job click on the “Apply for the Job” and submit your online application. For More details click here

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