Senior Manager

About UsAt 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 Were 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 ServicesGlobal 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 GRR has set up a multi-year program to perform conformance and transaction testing on GRR high-risk reports The primary responsibility of this role is to perform observation management which includes root cause analysis thematic review of findings and partnership with key stakeholders to design and deliver on remediation solution Responsibilities Once the review team identifies an issues this individual will conduct observation management including root cause analysis thematic review of findings partnership with key stakeholders to design and deliver on remediation solution Adequately document and retain test results evidence of observations and ensure that observed points of weakness in controls and non-conformance are documented in a clear concise and actionable manner Support the Observation Management Lead in identification of and working with key stakeholders to review and validate observations Continuously apply lessons learned to recommend opportunities for increased effectiveness and efficiency of our observation management approach Requirements Education Chartered Accountant or post-graduate degree in businessExperience Range 10 years of which at least 6 years in relevant roles i e Regulatory reporting production legal entity controller product controllerFoundational 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 a 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 pmJob Location Mumbai